Edward Jones to Acquire Natixis Investment Managers' Overlay Management Services Capabilities

Deal is intended to further bolster the firm's ability to provide comprehensive financial planning and investment management services for clients and add deeper value for branch teams

ST. LOUIS, June 30, 2025 /PRNewswire/ -- Edward Jones today announced it intends to acquire Natixis Investment Managers' (Natixis IM) Overlay Management Services capabilities through the purchase of select assets and an exclusive license for certain proprietary technology. Under the terms of the agreement, Natixis IM will continue to serve as a direct-indexing provider to Edward Jones' UMA offerings. The transaction is expected to close later this year, at which time Edward Jones will serve as the overlay manager for its U.S.-based Unified Managed Accounts (UMA).

"We are committed to investing in new technology and capabilities that are focused on enhancing the ways we serve more clients more completely, and across different client segments," said Russ Tipper, principal at Edward Jones. "This includes comprehensive financial planning and an expanded suite of product and service offerings, including those traditionally focused on high net worth investors, that we will now be delivering to select clients." 

Overlay management services play a critical role in the firm's comprehensive financial planning and investment management service offerings, providing implementation of clients' investments through a professionally managed diversified portfolio that includes tax strategies while aligning with their financial goals. Edward Jones previously outsourced these services through Natixis IM. Natixis IM is uniquely positioned to support the firm through its UMA implementation experience, direct indexing, tax loss harvesting, and other capabilities and investment products.

"Bringing these services in house gives us greater flexibility to innovate based on the needs of our clients," said Tipper. "We believe that this integration will further strengthen our competitive advantage by building deeply personalized client portfolios, focusing on what is unique to each client. Additionally, we expect that these services will create scale and efficiency for our branch teams, which can increase our financial advisors' capacity to serve more clients more completely."  

Edward Jones and Natixis IM have a long-standing relationship, working together since 2011. As part of the transaction, Edward Jones is extending offers of employment to some Natixis IM associates working in overlay management services.  

"We have always admired Edward Jones' commitment to serving its clients through deep, personal relationships and we are proud to announce this groundbreaking partnership," said David Giunta, President and CEO for the U.S. at Natixis IM. "We are excited to transition to a strategic way of working with our long-time client combining our UMA implementation knowledge, industry-leading direct-indexing prowess and investment management expertise with Edward Jones' comprehensive financial planning and investment management capabilities to benefit investors' unique needs and preferences."

The closing of the transaction is subject to customary closing conditions. Terms of the deal are not being disclosed.

About Edward Jones
Edward Jones is a leading North American financial services firm in the U.S. and through its affiliate in Canada. The firm's more than 20,000 financial advisors throughout North America serve more than 9 million clients with a total of $2.2 trillion in client assets under care as of March 28, 2025. Edward Jones' purpose is to partner for positive impact to improve the lives of its clients and colleagues, and together, better our communities and society. Through the dedication of the firm's approximately 55,000 associates and our branch presence in 68% of U.S. counties and most Canadian provinces and territories, the firm is committed to helping more people achieve financially what is most important to them. The Edward Jones website is at www.edwardjones.com, and its recruiting website is www.careers.edwardjones.com. Member SIPC.

Forward-looking Statements
This press release contains forward-looking statements within the meaning of U.S. securities laws. You can identify forward-looking statements by words that predict or indicate future events, such as "intended to," "intends," "expected to," "expect," or "will" and other expressions which predict or indicate future events which do not relate to historical matters. You should not rely on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, some of which are beyond the control of The Jones Financial Companies, L.L.L.P. These risks and uncertainties include, but are not limited to, the Risk Factors discussed in The Jones Financial Companies, L.L.L.P.'s Annual Report on Form 10-K for the year ended December 31, 2024, as supplemented by its quarterly report on Form 10-Q for the period ended March 31, 2025 and any current reports on Form 8-K. These forward-looking statements were based on information, plans, and estimates as of the date of this press release, and The Jones Financial Companies, L.L.L.P. does not undertake to update forward-looking statements to reflect changes in underlying assumptions or new information.

Disclosure
David Giunta is not a client of Edward Jones and was not compensated for the statements provided above. Natixis IM, and potentially David Giunta indirectly as an employee of Natixis IM, would receive monetary consideration per the terms of the transaction discussed above.

SOURCE Edward Jones