Edward Jones, the financial advising company, currently has 56 offices in the North Bay and is preparing to open another 35 in the next several years.
Each office has one adviser and several support staff, said Scott Holder, the regional manager.
“We like to have many offices spread out throughout the community so that people can have experts in the places where they work, live and play,” he said. “That is the Edward Jones way.”
Mr. Holder began his career with Edward Jones in 1994 as a financial adviser.
In 1998, Mr. Holder became a limited partner and in 2000 was named regional leader. In 2004, Holder was named a principal.
“We have signed three leases in the area for new offices,” he said.
He said that with some nationwide firms shrinking, there are more people who need financial assistance.
“California is ahead of the curve,” he said.
He has hired a former mortgage broker and two recent college graduates to help staff the expansion.
The California State Board of Equalization announced that August sales tax allocations to local government entities will not reflect the 5.7 percent increase previously estimated by the Department of Finance.
Meanwhile, allocations to 99 local jurisdictions will be reduced by an additional 5.4 percent. Twenty-one jurisdictions will receive no allocations, said the Board of Equalization.
Solano County has an adjustment of $111,200.
A review of statewide cash receipts for all of the second quarter of 2010 disclosed an overall decline in sales and use-tax collections of approximately 10.4 percent. Additionally, cash receipts for the first quarter of 2010 remained flat compared with a year earlier.
The Board of Equalization said it took this action to avoid over-advancing sales and use-tax dollars to a point that would impact future payments to local jurisdictions.
Of the 21 jurisdictions receiving no warrants in August, nine were due to the economic downturn, according to the Board of Equalization, while 12 were due to other unrelated issues.
The board makes monthly allocations to 764 local jurisdictions based on a formula that includes historical allocations, growth factor adjustments to the base, transfers and audits and actual cash receipts.
Beginning in the fourth quarter of 2008, the BOE reduced advance payments to local taxing jurisdictions beyond adjustments based on the negative growth factors projected at the time by the Department of Finance due to an unprecedented drop in taxable sales.
The five-member California State Board of Equalization is a publicly elected tax board. It collects more than $48 billion annually in taxes and fees supporting state and local government services. It acts as the appellate body for franchise and personal income tax appeals.
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