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J&P Group > J&P INV > Brokers - Management Firms

J&P INV - not related to the European
insurance group ING Groep N.V. -

Brokers - Management Firms

Introduction <top>

Fed up with overpaid CEOs, Wall Street - guys, and gals?

We are! And why we started reviewing financial management firms from a perspective of ownership with the thinking who owns is very much relevant to how compensations are handled.

Below is a brief compilation of selected brokers / management companies primarily in view of ownership.


Management Companies <top>

Table: Selection of Investment Management Companies (Updated 2009-03-29)
Company (Short) Full Name, Legal Name Listing/Ownership Web Site W
Ameriprise Financial Ameriprise Financial, Inc. NYSE:AMP www.ameriprise.com  
Charles Schwab The Charles Schwab Corporation NASDAQ:SCHW www.schwab.com  
Edward Jones Edward D. Jones & Co., L.P. private* www.edwardjones.com Wikip
Fidelity Fidelity Management and Research LLC (FMR LLC) private* www.fidelity.com Wikip
Franklin/Templeton Franklin Resources, Inc. NYSE:BEN www.franklintempleton.com  
Goldman Sachs Goldman Sachs Group, Inc. NYSE:GS www.goldmansachs.com  
Janus Capital Janus Capital Group Inc. NYSE:JNS www.janus.com  
JP Morgan JPMorgan Chase & Co. NYSE:JPM www.jpmorgan.com  
Merrill Lynch Since Fall 2008 fully owned by Bank of America. - (NYSE:BAC) www.ml.com  
Morgan Stanley Morgan Stanley NYSE:MS www.morganstanley.com  
Oppenheimer Funds Oppenheimer Holdings Inc. (USA) NYSE:OPY www.oppenheimerfunds.com  
T. Rowe Price T. Rowe Price Group, Inc. NASDAQ:TROW www.troweprice.com  
TD Ameritrade TD Ameritrade Holding Corp. NASDAQ:AMTD www.tdameritrade.com  
Vanguard Vanguard Group funds themselves* www.vanguard.com Wikip

*) Notes (alphabetical order, short company name):


Edward Jones: Privately held and seems to be a bit protective around details of ownership (try googiling .

  • "The Jones Financial Companies, L.L.L.P. (“JFC”) owns 100% of the capital in the Partnership
    [=Edward Jones and subsideries, J&P INV]. JFC is the sole limited partner of Edward Jones. JFC’s
    wholly owned subsidiary, EDJ Holding Company, Inc., is the sole general partner."
    December 31. 2008; ejw_900377.pdf; from their website 2009-03-29) [Text in bold-italic is emphasized by J&P INV]
  • More on Edward Jones at Wikipedia.


Fidelity: "Fidelity Investments is an investment company. It consists of two independent but closely
cooperating companies, Fidelity Management and Research LLC (FMR LLC), founded in 1946 and serving North America,
and Fidelity International Limited (FIL), spun off in 1969 and serving the rest of the world." Wikipedia.


Vanguard is unusual among mutual-fund companies since it is owned by the funds themselves. In this structure,
each fund contributes a set amount of capital towards shared management, marketing, and distribution services.
The company says that this structure better orients management towards shareholder interests. [Wikipedia]


More Research <top>

Google investment management companies

Google Finance - Industry: Investment Services lists 91 companies per 2009-03-04; note - list listed, publicly traded, companies and does not include (.e.g.) Fidelity - privately held - and Vanguard - owned by funds themselves.


Researching Stock Brokers <top>

Why Do I Need a Broker?, By Motley Fool Staff, December 21, 2007

Picking a Broker, August 21, 2008, By Motley Fool Staff,

Getting Started with Brokers,

10 Ways to Size Up a Broker, December 21, 2007, By Motley Fool Staff,




CEO pay cuts: Not just for banks
Executives at financial firms are going to have to
accept lower salaries and bonuses. Experts think
the rest of Corporate America may soon follow suit.

By Chris Isidore, CNNMoney.com senior writer
Last Updated: February 5, 2009: 12:35 PM ET

execs pay cnn


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