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Jones Financial Companies Lllp (815917) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2016

SEC Filings

Jones Financial Companies Lllp

CIK: 1547459

Exhibit 99.1

Edward Jones Announces Strong Results for Full-Year 2016

The Jones Financial Companies, L.L.L.P., including its principal operating subsidiary, Edward D. Jones & Co., L.P. (collectively, “Edward Jones” or the “Firm”), is pleased to announce its full-year 2016 results.

The Firm achieved record results in number of financial advisors and client assets under care. The Firm strives to help serious, long-term investors achieve their financial goals by understanding their needs and implementing tailored solutions. By continuing to grow its number of financial advisors, the Firm is able to help a greater number of clients achieve their financial goals.

Edward Jones ended 2016 with 14,919 financial advisors, a gain of 411 compared to 2015. The Firm ended the year with a record $963 billion of client assets under care, a 10% increase over 2015.

Net revenue in 2016 was $6.6 billion, a 1% decrease compared to 2015, reflecting an 8% increase in fee revenue offset by an 18% decrease in trade revenue. Fee revenue increased to $4.4 billion in 2016 from $4.1 billion in 2015 primarily due to the increased investment of client assets into advisory programs with the launch of two new fee-based advisory programs in 2016 and increases in interest rates. Trade revenue decreased to $2.0 billion in 2016 from $2.4 billion in 2015 primarily due to fewer client dollars invested as a result of market uncertainties and industry changes as well as continued client investment in fee-based programs offered by the Firm. Net income before allocations to partners for 2016 was $746 million, an 11% decrease from 2015.

Financial Highlights

(unaudited, $ in millions, unless otherwise noted)

     As of December 31,                
     2016      2015      Change      % Change  

Financial Advisors

     14,919         14,508         411         3

Client Assets Under Care (billions)

   $ 963       $ 876       $ 87         10
     For the years ended
December 31,
               
     2016      2015      $ Change      % Change  

Net Revenue

           

Fee Revenue

   $ 4,424       $ 4,089       $ 335         8

Trade Revenue

     1,981         2,425         (444      -18

Other Revenue, net

     152         105         47         45
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Net Revenue

   $ 6,557       $ 6,619       $ (62      -1
  

 

 

    

 

 

    

 

 

    

 

 

 

Net Income Before Allocations to Partners

   $ 746       $ 838       $ (92      -11
  

 

 

    

 

 

    

 

 

    

 

 

 

The following information was filed by Jones Financial Companies Lllp on Thursday, January 12, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Partnership Capital Subject To Mandatory Redemption
Consolidated Statements Of Financial Condition
Consolidated Statements Of Income
Consolidated Statements Of Income (parenthetical)
Commitments, Guarantees And Risks
Commitments, Guarantees And Risks (tables)
Commitments, Guarantees And Risks - Additional Information (detail)
Commitments, Guarantees And Risks - Partnership's Non-cancelable Lease Commitments Greater Than One Year (detail)
Contingencies
Contingencies - Additional Information (detail)
Employee Benefit Plans
Employee Benefit Plans - Additional Information (detail)
Equipment, Property And Improvements
Equipment, Property And Improvements (tables)
Equipment, Property And Improvements - Additional Information (detail)
Equipment, Property And Improvements - Composition Of Partnership's Equipment, Property And Improvements (detail)
Fair Value
Fair Value (tables)
Fair Value - Partnership's Financial Assets At Fair Value (detail)
Income Taxes
Income Taxes - Additional Information (detail)
Lines Of Credit
Lines Of Credit (tables)
Lines Of Credit - Additional Information (detail)
Lines Of Credit - Composition Of Partnership's Aggregate Bank Lines Of Credit (detail)
Net Capital Requirements
Net Capital Requirements (tables)
Net Capital Requirements - Additional Information (detail)
Net Capital Requirements - Partnership's Net Capital Figures For U.s. And Canada Broker-dealers (detail)
Offsetting Assets And Liabilities
Offsetting Assets And Liabilities (tables)
Offsetting Assets And Liabilities - Schedule Of Partnership's Securities Purchased Under Agreement To Resell (detail)
Offsetting Assets And Liabilities - Schedule Of Partnership's Securities Purchased Under Agreement To Resell (parenthetical) (detail)
Parent Company Only Financial Statements
Partnership Capital Subject To Mandatory Redemption
Partnership Capital Subject To Mandatory Redemption (tables)
Partnership Capital Subject To Mandatory Redemption - Additional Information (detail)
Partnership Capital Subject To Mandatory Redemption - Roll Forward Of Outstanding Partnership Loans (detail)
Quarterly Information
Quarterly Information (tables)
Quarterly Information - Summary Of Quarterly Information (detail)
Quarterly Information - Summary Of Quarterly Information (parenthetical) (detail)
Receivable From And Payable To Clients
Receivable From And Payable To Clients - Additional Information (detail)
Receivable From Mutual Funds, Insurance Companies, And Other
Receivable From Mutual Funds, Insurance Companies, And Other (tables)
Receivable From Mutual Funds, Insurance Companies, And Other - Composition Of Partnership's Receivable From Mutual Funds, Insurance Companies And Other (detail)
Related Parties
Related Parties - Additional Information (detail)
Schedule I - Condensed Statements Of Cash Flow (detail)
Schedule I - Condensed Statements Of Financial Condition (detail)
Schedule I - Condensed Statements Of Income (detail)
Segment Information
Segment Information (tables)
Segment Information - Additional Information (detail)
Segment Information - Financial Information For Partnership's Reportable Segments (detail)
Subsequent Event
Subsequent Event - Additional Information (detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies - Additional Information (detail)
CIK: 815917
Form Type: 10-K Annual Report
Accession Number: 0001564590-17-004382
Submitted to the SEC: Wed Mar 15 2017 1:20:37 PM EST
Accepted by the SEC: Wed Mar 15 2017
Period: Saturday, December 31, 2016
Industry: Security Brokers Dealers And Flotation Companies

External Resources:
SEC.gov

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