Edward Jones Guardians Trade Sub-Advisors on Bridge Builder Funds
Edward Jones added American Century to one of his funds and left Edinburgh Partners to another.
London-based Marathon Asset Management replaced Edinburgh Partners on the $ 15.3 billion Bridge Builder International Equity fund, according to a filing with the Securities and Exchange Commission (SEC).
The Edinburgh agreement with the Edward Jones subsidiary has been terminated. Baillie Gifford, BlackRock, Mondrian, Pzena and WCM remain on the international fund as sub-advisers.
Neil Ostrer, Charles Carter, Nick Longhurst, William Arah, Simon Somerville, Michael Nickson, David Cull and Justin Hill will oversee the Marathon-London portion of the fund, according to the SEC filing.
The SEC filing also noted that Kansas City-based American Century was added to the $ 7.2 billion Bridge Builder Small / Mid Cap Value fund.
American Century joins existing sub-advisers BlackRock, Boston Partners, Diamond Hill Capital Management, LSV Asset Management, MFS, Silvercrest Asset Management Group and Vaughan Nelson Investment Management.
American Century’s Jeff John and Ryan Cope, rated AA by Citywire, were added to the fund’s list, which totaled about 20 portfolio managers as of October, according to a previous filing with the SEC. Both worked for American Century for at least a decade.
Edward Jones has added and removed several sub-advisers on the fund over the past year. A company spokesperson confirmed the accuracy of the SEC record but declined to comment further.
Kristen Steffens (pictured above) leads the Edward Jones Portfolio Solutions team, which reviews and selects sub-advisors for the Bridge Builder funds, and oversees the selection of managers for the firm’s advisory model portfolios .
To learn more about how Steffens selects sub-advisers, click here.