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Edward Jones brokerage gets national accolades

Steve Souders of Sonora will demonstrate the Host Dry Chemical Carpet Cleaning Process at the Home and Garden Show.
He will also have a display of 1998 Patriot High Performance Cleaning Machines and lots of information.
He said the Patriot cleaning machines are a high technology replacement for modern day vacuum cleaners.


UNDER CONSTRUCTION -- Todd William Simonson and Gloria Volpetti stand in front of their new offices in the Crossroads shopping center.



Edward Jones was praised in 1997 by Fortune Magazine, the Wall Street Journal, Business Week and Forbes Magazine.

Todd William Simonson, the Edward Jones broker in Tuolumne County, is moving his offices in June to the Crossroads shopping center to provide convenient access for clients and to more easily adapt to changes the next decade will bring.

Simonson's business has grown to more than 1,300 clients in six years because of the service he and Gloria Volpetti provide.

Volpetti has been his branch office administrator for five years, and has been a limited partner in the firm for more than two years.

Simonson is the investment representative trainer for the greater Sacramento area which includes Tuolumne County, and Gloria heads the State of California Branch Office Administrators, a grass roots task force to make clients aware of legislation affecting them.

Simonson was also chosen to participate in the company's 1998 business plan. One representative from the field is chosen each year to take part in the planning process. "They had 3,800 to choose from," he said, "so I felt honored."

The Wall Street Journal said in August that Edward Jones was the 12-month leader in a study of brokerage houses' stock-picking prowess, with an estimated return on 40.2 percent on its "Best Buys" list. Yet it consistently has had the lowest turnover of all the firms tracked.

On a more personal note, Simonson and his wife Cyndi are expecting their first child in June.

Jones earned his bachelor's degree in finance from California State University, Sacramento, in December 1990.

He immediately went to work for Edward Jones, working at the Grass Valley branch until opening his own office in Henrietta Plaza in 1993.

Jones specializes in personal service and conservative investments. Most branch offices are staffed by one investment professional and a support person.

Because of its philosophy of serving areas small enough so representatives can really know their clients, the company has become the largest in the nation in terms of the number of New York Stock Exchange branch offices.

The company's history with the exchange goes back to 1871. In 1955, Ted Jones, son of the founder, opened the firm's first branch office in the small rural community of Mexico, Mo.



Edward Jones

19526 Hillsdale Drive, Suite B

533-1307




(c) 1998 by LodeLink, The Union Democrat