Edward Jones Moves Up on the FORTUNE 500 List

Edward Jones Moves Up on the FORTUNE 500 ListFinancial services firm makes the prestigious list for third consecutive year.

Financial services firm Edward Jones moves up on the annual FORTUNE 500 list, as published by FORTUNE magazine, in its third appearance in three years, according to the three financial advisors in Fernandina Beach.

FORTUNE magazine’s annual listing ranks the largest U.S. companies by revenue. Edward Jones moved up 18 spots to No. 426 on this year’s list, with more than $6.3 billion in revenue for 2014.

“Our success comes from making a significant difference in our clients’ lives,” said Edward Jones Managing Partner Jim Weddle. “Being a FORTUNE 500 firm is the result of helping meet more of our clients’ financial needs as we deliver an experience our clients need and value.”

Edward Jones, a Fortune 500 company, provides financial services for individual investors in the United States and, through its affiliate, in Canada. Every aspect of the firm’s business, from the types of investment options offered to the location of branch offices, is designed to cater to individual investors in the communities in which they live and work. The firm’s 14,000-plus financial advisors work directly with nearly 7 million clients. Edward Jones, which ranked No. 6 on FORTUNE magazine’s 100 Best Companies to Work For in 2015, is headquartered in St. Louis.

FORTUNE and Time Inc. are not affiliated with and do not endorse products or services of Edward Jones. The Edward Jones website is located at www.edwardjones.com, and its recruiting website is www.careers.edwardjones.com.

Member SIPC.

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What Are Your Rights as the Beneficiary of a Trust?

Put the Magnifying Glass on the Small Print

If you have been named as a beneficiary of a trust, you probably have many questions about what comes next. Trust beneficiaries are usually entitled to income from the trust. The trustee who is in charge of the trust is responsible to make sure that assets from the trust are invested well and productively.

The following are some of your rights as a beneficiary.

¥ The right to an accounting of investments: Trustees typically decide how the principal of the trust will be used. As a result, the law requires that trustees act prudently with investments, diversifying so that all the assets of the trust are not in one place, which would put them at risk and could limit returns. If you have questions or concerns about the trustee’s decisions for the investments, you have the right to request an accounting of investments. This accounting report will detail every investment and its gains and losses.

¥ The right to receive annual trust reports: Trust reports contain information that includes the income that was produced by the trust and expenses and commissions paid out. Traditionally, these reports should be mailed out annually.

¥ The right to request a new trustee: If a trustee is being difficult, uncooperative, or refusing to do the job, you can request a new trustee. This typically requires a legal filing and a ruling by the court. If the reason for the request is because of large losses of principal, the trustee also may be required to repay the trust if he/she was found to be liable.

¥ The right to sue the trustee: The trustee can be held liable for loss of trust assets and for income that would have been earned but for the wrongful conduct by the trustee. The trustee has a fiduciary duty to manage the trust with due care and caution and must be loyal and impartial to the beneficiaries.

¥ The right to terminate the trust: If all the beneficiaries on a trust are “adults of sound mind,” the trust can be terminated if the court determines that the intent of the creator of the trust has either already been accomplished or cannot be accomplished for reasons such as impossibility. All the trust beneficiaries must agree, including those beneficiaries of the trust that are entitled to the remainder of the trust assets after the trust would have naturally ended. Some trusts are difficult to terminate, such as spendthrift trusts where the settlor clearly intended that the trust assets be withheld and protected from the beneficiaries and their creditors.

Being named as a beneficiary of a trust is indeed a welcome event, but not without its complications and, if handled improperly, unfortunate consequences. For help understanding your rights and protecting your inheritance, it may be wise to engage the services of an experienced trust attorney.

The information in this communication is not intended to be legal advice and should not be treated as such. Each individual’s situation is different. You should contact your legal professional to discuss your personal situation.

Smart Financial Tips for Single People

A single Red rose personifies careful financial planning for singles

A Red Rose to personify careful financial planning for singles

Single people face unique challenges when it comes to financial planning. It is important to consider retirement planning, parenthood, insurance, health care planning, and housing issues when managing your finances at all stages of life.

Living the single life no longer is an anomaly: According to the U.S. Census Bureau, 45% of households nationwide are maintained by a single person. Being single affects many areas of financial planning, including retirement, financing health care later in life, and other key issues.

If you are single, recently widowed, or expect to become single as a result of a pending divorce, consider the following as you plan your finances.


An increasing percentage of pre-retirees are planning for retirement on their own. What steps should solo planners take to shore up their finances for a comfortable retirement?

• Set long-term retirement savings goals. If you have access to an employer-sponsored retirement plan, contribute as much as you can afford. For 2012, the maximum employee contribution is $17,000, and workers aged 50 and older can contribute an additional $5,000 catch-up contribution. The maximum contribution goes up a bit in 2013 to $17,500.

• Consider funding an IRA. For 2012, the maximum contribution is $5,000, and investors aged 50 and older can contribute an additional $1,000.

• Invest as much as you can. Investing as much as you can afford for retirement over the long term is beneficial because you will not have the luxury of falling back on a partner’s pension. In addition, your household will have one Social Security check to fund retirement expenses.


• Fund for your children, but don’t forget yourself. If you have children, your financial planning could be especially challenging because you may be required to fund tuition, child care, and other costs on one salary. As you raise your family, be sure not to shortchange your needs. Put away something for retirement, even if it is only a small amount each week. Over time, this amount may compound and serve as the basis of your retirement nest egg. Be sure to appoint a guardian for your children in the event that you are not able to care for them.

Insurance and Health Care

• Review your options for disability insurance and long-term care insurance. It is critical to purchase these types of insurance while you are healthy and the premiums are affordable. These insurance purchases increase the chances that you will have adequate cash flow if you are not able to work because of a disability, or if you require assistance with activities of daily living later in life.

• Prepare for health care expenses. You may need to direct a lawyer to draft a health care proxy in which you designate a loved one to make medical decisions on your behalf if you are not able to do so yourself.


• Think carefully about the type of housing situation that suits your needs. Carrying a single-family home, especially in an expensive housing market, frequently is difficult on one income. Be sure that your home is affordable enough to permit you to invest for retirement and other financial goals.

Your situation may present additional considerations, but the suggestions mentioned here may help you manage your finances successfully. When in doubt, talk it out. Look for a Certified Financial Planner™ professional in your area who provides free initial consultations to chat about your specific concerns.

Local Workshop: Question to Ask Your Aging Parents

Local Workshop: Question to Ask Your Aging ParentsAttending this workshop, Questions to Ask Aging Parents,/em>, will teach you how to talk your parents about aging, finances, and health care

Independent Certified Financial Planner™ Mark Dennis will present a free educational workshop titled “Questions to Ask Aging Parents” at 6:00 p.m. on September 18, 2012 at Café at the Hamptons in Fernandina Beach, located at 95742 Amelia Concourse.

According to Dennis, “Millions of adults provide direct care for a parent who needs help with some aspect of daily living. This need often comes on unexpectedly, leaving adult children sandwiched between planning for their own needs, providing for their children, and now, caring for their aging parents.” This workshop is designed for anyone who wants to plan ahead and be sure their parents’ golden years are as comfortable as possible by asking Mom & Dad a few important, if not awkward, questions early on.

Topics discussed at the workshop will include:

    -How to handle finances if a parent becomes ill or unable to manage complex financial decisions.
    -How to discuss issues regarding driving and living at home.
    -How to make sure a parent’s estate plan, power of attorney and will is up to date, while minimizing the family’s emotional stress.
    -What level of care and intervention parents may require should they become seriously ill.
    -How to determine if a parent’s health insurance coverage is adequate.
    -How to compile a list of important information that can be referred to should a parent become seriously ill or pass away.

Seating is limited and reservations are highly recommended. Reserve seats by calling Mark Dennis at 904-491-1889 or reserve online at agingparents09182012.eventbrite.com.

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Join Mark Dennis for the 2012 Half-Time Report

Join Mark Dennis for the 2012 Half-Time ReportHalf the year is gone and it is time for the 2012 Half-Time Report! How are you and your finances holding up so far?

Join Certified Financial Planner™ professional Mark Dennis for a casual discussion and some financial introspection about current headlines, the markets, what the economic pundits are saying, and how it all might affect you.

With so much going on in the headlines lately, European debt crisis, unemployment, stock market, elections, the housing market and more; sometimes it is difficult to separate the “noise” from the “news.” We’ll help you sort it all out.

In the past, these Half-Time Reports have been quite popular, so this time, there are two dates and locations available for this event.

Seating is limited. Please contact us ahead of time to reserve your space. Of course you can bring a friend!

Choose the one that best suits your schedule:

Date: July 31, 2012
Time: 6:00 P.M. – 7:30 P.M.
Location: Cafe @ the Hamptons
Reserve online: a1ahalftime2012a.eventbrite.com/

Date: August 7, 2012
Time: 6:00 P.M. – 7:30 P.M.
Location: O’Kanes Irish Pub and Eatery
Reserve online: a1ahalftime2012b.eventbrite.com/

RSVP: (904) 491-1889 or email: 2012halftime@A1Awealthmanagement.com

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