Exhibit 31
CHIEF EXECUTIVE OFFICER CERTIFICATION
I, Douglas E. Hill, certify that:
1. I have reviewed this quarterly report on Form 10-Q of The Jones
Financial Companies, L.L.L.P.
2. Based on my knowledge, this annual report does not contain any untrue
statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances
under which such statements were made, not misleading with respect to
the period covered by this annual report.
3. Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all
material respects the financial condition, results of operations and
cash flows of the Partnership as of, and for, the periods presented
in this annual report.
4. The Partnership's other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as
defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal
control over financial reporting (as defined in Exchange Act Rules
13a-15(f) and 15d-15(f)) for the Partnership and have;
a) Designed such disclosure controls and procedures, or caused such
disclosure controls and procedures to be designed under our
supervision, to ensure that material information relating to the
Partnership, including its consolidated subsidiaries, is made known
to us by others within those entities, particularly during the period
in which this annual report is being prepared;
b) Designed such internal control over financial reporting, or caused
such internal control over financial reporting to be designed under
our supervision, to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial
statements for external purposes in accordance with generally
accepted accounting principles;
c) Evaluated the effectiveness of the Partnership's disclosure controls
and procedures and presented in this annual report our conclusions
about the effectiveness of the disclosure controls and procedures, as
of the end of the period covered by this report based on such
evaluation; and
d) Disclosed in this report any change in the Partnership's internal
control over financial reporting that occurred during the
Partnership's fourth quarter that has materially affected, or is
reasonable likely to materially affect, the Partnership's internal
control over financial reporting; and
5. The Partnership's other certifying officer and I have disclosed,
based on our most recent evaluation of internal control over
financial reporting, to the Partnership's auditors and the Executive
Committee:
a) All significant deficiencies and material weaknesses in the
design or operation of internal controls over financial reporting
which are reasonably likely to adversely affect the Partnership's
ability to record, process, summarize, and report financial
information; and
b) Any fraud, whether or not material, that involves management or
other associates who have a significant role in the Partnership's
internal control over financial reporting.
/s/ Douglas E. Hill
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Chief Executive Officer
The Jones Financial Companies, L.L.L.P.
May 4, 2004
Exhibit 31
CHIEF FINANCIAL OFFICER CERTIFICATION
I, Steven Novik, certify that:
1. I have reviewed this quarterly report on Form 10-Q of The Jones
Financial Companies, L.L.L.P.
2. Based on my knowledge, this annual report does not contain any untrue
statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances
under which such statements were made, not misleading with respect to
the period covered by this annual report.
3. Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all
material respects the financial condition, results of operations and
cash flows of the Partnership as of, and for, the periods presented
in this annual report.
4. The Partnership's other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as
defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal
control over financial reporting (as defined in Exchange Act Rules
13a-15(f) and 15d-15(f)) for the Partnership and have;
a) Designed such disclosure controls and procedures, or caused such
disclosure controls and procedures to be designed under our
supervision, to ensure that material information relating to the
Partnership, including its consolidated subsidiaries, is made known
to us by others within those entities, particularly during the period
in which this annual report is being prepared;
b) Designed such internal control over financial reporting, or caused
such internal control over financial reporting to be designed under
our supervision, to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial
statements for external purposes in accordance with generally
accepted accounting principles;
c) Evaluated the effectiveness of the Partnership's disclosure controls
and procedures and presented in this annual report our conclusions
about the effectiveness of the disclosure controls and procedures, as
of the end of the period covered by this report based on such
evaluation; and
d) Disclosed in this report any change in the Partnership's internal
control over financial reporting that occurred during the
Partnership's fourth quarter that has materially affected, or is
reasonable likely to materially affect, the Partnership's internal
control over financial reporting; and
5. The Partnership's other certifying officer and I have disclosed,
based on our most recent evaluation of internal control over
financial reporting, to the Partnership's auditors and the Executive
Committee:
a) All significant deficiencies and material weaknesses in the
design or operation of internal controls over financial reporting
which are reasonably likely to adversely affect the Partnership's
ability to record, process, summarize, and report financial
information; and
b) Any fraud, whether or not material, that involves management or
other associates who have a significant role in the Partnership's
internal control over financial reporting.
/s/ Steven Novik
---------------------------------------
Chief Financial Officer
The Jones Financial Companies, L.L.L.P.
May 4, 2004