# EDGAR Filing Document

**Accession Number:** 0000815917
**File Stem:** 0001193125-26-011396
**Filing Date:** 2026-1
**Character Count:** 13735
**Document Hash:** 49c48f5139b14d20f0bc2ddd6a398023
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-011396.hdr.sgml**: 20260113

**ACCESSION NUMBER**: 0001193125-26-011396

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 11

**CONFORMED PERIOD OF REPORT**: 20260108

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Unregistered Sales of Equity Securities

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260113

**DATE AS OF CHANGE**: 20260113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JONES FINANCIAL COMPANIES LLLP
- **CENTRAL INDEX KEY:** 0000815917
- **STANDARD INDUSTRIAL CLASSIFICATION:** SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 431450818
- **STATE OF INCORPORATION:** MO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-16633
- **FILM NUMBER:** 26529276

**BUSINESS ADDRESS:**
- **STREET 1:** 12555 MANCHESTER ROAD
- **CITY:** DES PERES
- **STATE:** MO
- **ZIP:** 63131
- **BUSINESS PHONE:** 3145152000

**MAIL ADDRESS:**
- **STREET 1:** 12555 MANCHESTER ROAD
- **CITY:** DES PERES
- **STATE:** MO
- **ZIP:** 63131

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JONES FINANCIAL COMPANIES LP LLP
- **DATE OF NAME CHANGE:** 19980514

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JONES FINANCIAL COMPANIES L P
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM** 8-K

**CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**Date of report (Date of earliest event reported):** January 8, 2026

The Jones Financial Companies, L.L.L.P.

 **(Exact Name of Registrant as Specified in Its Charter)**

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Missouri<br>**(State or Other Jurisdiction<br>of Incorporation)** | &nbsp;&nbsp;0-16633<br>**(Commission**<br>**File Number)** | &nbsp;&nbsp;43-1450818<br>**(IRS Employer**<br>**Identification No.)** |

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| | |
|:---|:---|
| &nbsp;&nbsp; <br>12555 Manchester Road**,** Des Peres**,** Missouri <br>**(Address of Principal Executive Offices)** | &nbsp;&nbsp; <br>63131<br>**(Zip Code)** |

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**(**314**)** 515-2000

 **(Registrant's Telephone Number, Including Area Code)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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|:---|:---|:---|
| &nbsp;&nbsp;**<br>Title of each class** | &nbsp;&nbsp;**Trading <br>Symbol(s)** | &nbsp;&nbsp;**Name of each exchange<br>on which registered** |
| &nbsp;&nbsp;**None** | &nbsp;&nbsp;**N/A** | &nbsp;&nbsp;**N/A** |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 2.02. Results of Operations and Financial Condition.**

The Jones Financial Companies, L.L.L.P. (collectively, the "Partnership"), including the principal operating subsidiary of the Partnership, Edward D. Jones & Co., L.P. ("Edward Jones"), is disclosing certain of its results of operations related to calendar year 2025 and recent business developments. The full text of this information is attached hereto as Exhibit 99.1.

The information contained in this Item 2.02 and Exhibit 99.1 attached hereto shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information or exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), except as shall be expressly set forth by specific reference in such filing.

**Item 3.02. Unregistered Sales of Equity Securities.** 

On January 8, 2026, the Partnership offered subordinated limited partnership interests (the "SLP Interests"), which are fully described in the Partnership's Twenty-Third Amended and Restated Agreement of Registered Limited Liability Limited Partnership, dated November 5, 2025 (which was filed as Exhibit 3.1 to the Partnership's Current Report on Form 8-K dated November 5, 2025). The Partnership issued the SLP Interests pursuant to Section 4(a)(2) under the Securities Act in a privately negotiated transaction and not pursuant to a public offering or solicitation, to current general partners and retiring general partners of the Partnership for an aggregate price of $39,169,832.

**Item 9.01. Financial Statements and Exhibits.**

(d) Exhibits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.1 [<u>Certain results of operations related to calendar year 2025 disclosed by the Partnership on January 8, 2026.</u>](ck0000815917-ex99_1.htm)

101 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | |
|:---|:---|
|  | THE JONES FINANCIAL COMPANIES, L.L.L.P. |
| Date: January 13, 2026 | By: <u>/s/ Andrew T. Miedler</u>  |
|  | Name: Andrew T. Miedler |
|  | Title: Chief Financial Officer |

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## Exhibit 99.1

**Exhibit 99.1**

**The Jones Financial Companies, L.L.L.P. Announces 2025 Results and Recent Business Developments**

The Jones Financial Companies, L.L.L.P., together with its consolidated subsidiaries (collectively, the "Partnership" or the "firm"), including its principal operating subsidiary in the United States ("U.S."), Edward D. Jones & Co., L.P. ("Edward Jones"), is pleased to highlight its 2025 business results that are empowering our future, innovating today for generations to come and building legacies through partnership.

In November 2025, the Partnership announced an up to $1.4 billion Class B limited partnership offering expected to be issued on or after January 1, 2027, believing those who build and sustain our success should share in it. Our private partnership model gives us the freedom to invest in long-term strategies that prioritize client outcomes over short-term gains, and the firm is committed to protect our partnership for generations to come. Additionally, the Partnership reached several significant milestones and notable successes in 2025, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Ended the year with more than 20,400 financial advisors throughout North America who serve more than 9 million clients with a firm record of assets under care ("AUC") of $2.5 trillion. The firm is building a future-focused engine designed to deliver on our commitment to serve more clients, more completely – modernizing our structure, elevating our tools and technology, investing in our talent across the firm and leveraging our partnership and culture to make better decisions and operate with more ease and speed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Investment advisory AUC surpassed $1 trillion and Financial Advisor Managed Solutions, an advisory program where clients delegate investment discretion to eligible financial advisors, saw substantial growth since the program's launch, reaching $60 billion in AUC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Established Edward Jones Generations® in May 2025, which is specifically designed around the individual needs and goals of affluent clients with complex financial needs and includes a dedicated team of planning, estate, tax and other strategists.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Acquired Natixis Investment Managers' Overlay Management Services capabilities, bolstering the firm's ability to implement comprehensive financial planning and investment and tax management services for clients while creating scale and efficiency for practice teams.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Supported acumen-building through investment in professional designations. Edward Jones is No. 1 in Certified Financial Planner (CFP®) certifications and surpassed 5,000 colleagues obtaining the certification as of April 24, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Launched Edward Jones Ventures, a new capability designed to support innovation through venture investing by identifying new ideas, opportunities and emerging technologies that prioritize the viability of concepts that can meet client needs and serve new clients. Edward Jones Ventures already holds a portfolio of 15 investments and has identified several additional opportunities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Achieved a remarkable milestone of reaching 1 million learners through the firm's Financial Fitness program, a program that offers free education on budgeting, debt management, investing and retirement planning, in strategic partnership with Everfi.

This growth enables the Partnership's purpose 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 all Canadian provinces and territories, the firm is committed to helping improve the financial fulfillment for tens of millions of long-term investors across North America by providing comprehensive, personalized planning-led and professional advice that brings clarity to financial decision-making, helping clients understand both the numbers and the meaning behind them.

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**Exhibit 99.1**

The Partnership ended the year with a 14% increase in client AUC to $2.5 trillion, reflecting higher average market levels, as well as the cumulative impact of net new assets gathered during the year. Net new assets of $74 billion was relatively flat compared to 2024. The Partnership ended the year with 20,425 financial advisors, representing an increase of 300 compared to the end of the prior year.

Net revenue increased 11% to $18 billion in 2025 compared to 2024, primarily due to an increase in fee revenue. The increase in fee revenue was primarily due to growth in advisory programs, driven by higher average market levels and continued investment of client dollars into advisory programs.

Operating expenses increased 11% to $16 billion in 2025 compared to 2024, primarily due to increases in compensation and benefits expense and variable compensation. Financial advisor compensation increased due to an increase in revenues on which commissions are earned. Home office and branch compensation and benefits increased primarily due to higher average wages, increases in healthcare costs, and estimated separation costs associated with Enterprise Reimagined, an initiative that the firm believes will create more efficient operations by restructuring the home office, removing redundancies, and adopting new capabilities and technology to deliver more value and a better client experience. Variable compensation increased due to increased branch and overall firm profitability.

Income before allocations increased 6% to $2.1 billion in 2025 compared to 2024, surpassing $2 billion for the first time. Income before allocations margin was 11.7%, reflecting a strategic balance between investing in the future and current financial results.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** |  |  |  |  |  |
| (unaudited, $ in millions, unless otherwise noted) |  |  |  |  |  |
|  | **December 31,** | **December 31,** |  |  |  |
|  | **2025** | **2024** | **$ Change** | **% Change** | **% Change** |
| Financial Advisors (at year end) | 20425 | 20125 | 300 |  | 1% |
| Client AUC (at year end) (billions) | $2481 | $2171 | $310 |  | 14% |
| Net New Assets for the Year (billions) | $74 | $74 | $— |  | —% |
| Client Households (at year end) | 6.7 | 6.6 | 0.1 |  | 2% |
| Income Before Allocations Margin | 11.7% | 12.2% | -0.5% |  | -4% |
|  | **For the years ended December 31,** | **For the years ended December 31,** |  |  |  |
|  | **2025** | **2024** | **$ Change** | **% Change** | **% Change** |
| Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fee Revenue | $14885 | $13163 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1722 |  | 13% |
| &nbsp;&nbsp;&nbsp;&nbsp;Trade Revenue | 1832 | 1760 | 72 | 4 | 4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest, Dividends and Other Revenue | 1180 | 1334 | (154) |  | -12% |
| Total Revenue | 17897 | 16257 | 1640 |  | 10% |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest Expense | 197 | 253 | (56) |  | -22% |
| Total Net Revenue | 17700 | 16004 | 1696 |  | 11% |
| Total Operating Expenses | 15610 | 14023 | 1587 |  | 11% |
| Net Income Before Allocations | $2090 | $1981 | $109 |  | 6% |

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