Related Parties

12 Months Ended

Dec. 31, 2012

Related Parties [Abstract]

RELATED PARTIES

NOTE 17 – RELATED PARTIES

Edward Jones owns a 49.5% limited partnership interest in the investment adviser to the Edward Jones money market funds. The Partnership does not have management responsibility with regard to the adviser. Approximately 0.2%, 0.2% and 0.5% of the Partnership’s total revenues were derived from the interest in the investment adviser to the funds during 2012, 2011 and 2010, respectively.

Edward Jones leases approximately 10% of its branch office space from its financial advisors. Rent expense related to these leases approximated $20,000 for the years ended December 31, 2012, 2011 and 2010. These leases are executed and maintained in the same manner as those entered into with third parties.

In the normal course of business, partners and employees of the Partnership and its affiliates use the brokerage services and trust services of the Partnership for the same services as unrelated third parties, with certain discounts on commissions and fees for certain services. The Partnership has included balances arising from such transactions in the Consolidated Statements of Financial Condition on the same basis as other clients.

The Partnership earns interest from general partners who elect to finance a portion or all of their purchase of general partnership interests through loans made available from the Partnership. These partnership loans were first made available to general partners in 2011. The Partnership earned interest of $5,717 and $2,888 for the years ended December 31, 2012 and 2011, respectively, on such partnership loans. The amount of partnership loans for general partner interests outstanding as of December 31, 2012 and 2011 was $170,264 and $86,853, respectively.