According to Edward Jones second-quarter report, the company's new model shows improved advisor retention rates. The new model offers advisors flexibility to allow them to share office space, signaling a willingness on the part of Edward Jones to break with its former solo practitioner model.

Through the new model, advisors can co-locate their branches with one or more financial advisors in shared office space while maintaining individual client relationships. Additionally, advisors have the option to expand a variety of branch support roles and choose among a variety of multi-financial advisor team models. 

The model is credited for stemming attrition.  Advisor attrition at Edward Jones decreased to 6 percent at the end of the quarter, compared to 6.6 percent in last year's quarter, according to AdvisorHub.

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.