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                                                               Exhibit 31(b)

                    CHIEF FINANCIAL OFFICER CERTIFICATION

I, Steven Novik, certify that:

1.     I have reviewed this quarterly report on Form 10-Q of The Jones
       Financial Companies, L.L.L.P.
2.     Based on my knowledge, this quarterly report does not contain any
       untrue statement of a material fact or omit to state a material fact
       necessary to make the statements made, in light of the circumstances
       under which such statements were made, not misleading with respect to
       the period covered by this quarterly report.
3.     Based on my knowledge, the financial statements, and other financial
       information included in this quarterly report, fairly present in all
       material respects the financial condition, results of operations and
       cash flows of the Partnership as of, and for, the periods presented
       in this quarterly report.
4.     The Partnership's other certifying officer and I are responsible for
       establishing and maintaining disclosure controls and procedures (as
       defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the
       Partnership and have;
       a)  designed such disclosure controls and procedures, or caused such
           disclosure controls and procedures to be designed under our
           supervision, to ensure that material information relating to the
           Partnership, including its consolidated subsidiaries, is made
           known to us by others within those entities, particularly during
           the period in which this quarterly report is being prepared;
       b)  evaluated the effectiveness of the Partnership's disclosure
           controls and procedures and presented in this report our
           conclusions about the effectiveness of the disclosure controls
           and procedures, as of the end of the period covered by this
           report based on such evaluation and
       c)  disclosed in this report any change in the Partnership's internal
           control over financial reporting that occurred during the
           Partnership's second quarter that has materially affected, or is
           reasonably likely to materially affect, the Partnership's
           internal control over financial reporting.
5.     The Partnership's other certifying officer and I have disclosed ,
       based on our most recent evaluation of internal control over
       financial reporting to the Partnership's auditors and the Executive
       Committee:
       a)  all significant deficiencies and material weaknesses in the
           design or operation of internal controls over financial reporting
           which are reasonably likely to adversely affect the Partnership's
           ability to record, process, summarize, and report financial
           information; and
       b)  any fraud, whether or not material, that involves management or
           other associates who have a significant role in the Partnership's
           internal controls over financial reporting.

                                        /s/ Steven Novik
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                                        Chief Financial Officer
                                        The Jones Financial Companies, L.L.L.P.
                                        November 7, 2003