This fall, Edward Jones will celebrate the life of the firm's second managing partner, Ted Jones, and commemorate his vision of serving clients in local communities by hosting a multi-state bike tour. The tour kicks off September 23rd in Colorado Springs, and traces the path of a telegraph wire that stretched from Colorado to St. Louis in the early days of the firm's operation. The event's focus is to raise funds for cancer research. Mr. Jones died of cancer over 20 years ago.
In life however, Jones spearheaded a beacon of innovation in the financial services industry. He was born in St. Louis in 1925, and went on to serve in the U.S. Merchant Marines during World War II. After the war Jones studied agriculture at the University of Missouri, and then left college to begin his career as a page on the floor of the New York Stock Exchange.
In 1948, Jones joined his father's firm as a broker, and immediately noticed an opportunity in serving investors in smaller, farming communities. In 1957 the first Edward Jones branch office was opened in Mexico, Mo.
Jones later became fascinated with converting an abandoned railroad track into a hiking and biking trail. Inspired by a bike trip on which he met his wife, Jones lobbied for the proposed trail, and eventually donated $2.2 million to help fund the land purchase and turn the old rail line into the longest continuous hiking and bicycling trail in the country.
Today the KT Trail remains a lasting attraction to joggers, walkers and cycling enthusiasts alike. The tour, aptly named Tour de Ted will arrive October 2nd in Boonville, continuing on to Jefferson City and Hermann, before crossing the finish line in St. Louis on Oct. 6.