Edward Jones entered into a strategic partnership with Citi to provide banking services to clients.
As part of the pact, Edward Jones will initially focus on offering checking and savings accounts to its U.S. clients next year, it announced Tuesday.
But Edward Jones said it also plans to add securities-based lending and "may look to add other retail banking products and services."
Edward Jones will integrate Citi banking solutions into its online access platform for clients, it said.
Looking ahead, the integration of banking capabilities with Edward Jones' investment services will allow financial advisors to work with clients "based on a more holistic view of their finances and provide personalized recommendations that help them achieve more of their goals," the firm said.
