Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Phil Wahba

Edward Jones's CEO is steering clients away from 'fads' like crypto

(Credit: Photograph by Kevin Roberts)

If you're interested in putting your hard-earned savings into speculative investments like crypto or any vehicle where you can lose "play money," don't come to the brokerage firm Edward Jones for assistance. The recent meltdown in crypto has validated the firm's long-time focus on proven investments, however enticing the digital currency craze du jour.

"There are aspects of that fairly speculative market and investment right now that have not proven themselves," Edward Jones managing partner Penny Pennington tells Fortune. "Our investment philosophy says crypto is a little more likely to disappoint clients than it is to delight them."

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.