internal
Penny Pennington
Managing Partner
Executive
7 yr
6 reports
Edward Jones
Managing Partner–led partnership with no public-company CEO model
Financials · Fortune #260 · Hybrid structure · 55K employees · Des Peres, Missouri
6
CEO span
↓ tighter than peers (avg 10)
4
Avg span
moderate
2
Max depth
2 levels
5.2 yr
Avg tenure
100%
Internal hires
↑ above industry avg
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Edward Jones organizational chart
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Edward Jones is led by a Managing Partner rather than a traditional CEO, reflecting its private partnership structure. This page outlines the firm’s executive leadership, reporting lines, and organizational design, with analysis and peer comparison highlighting how its advisor‑centric model differs from public brokerage peers.
What to model
Use the chart to test org decisions, not just view reporting lines
Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.
Latest signal David Chubak moved into Chief Operating Officer
Promoted to COO in 2022 to oversee firmwide operations.
Source · See change logScenario views in the chart
- Add Chief AI Officer Create a Chief AI Officer role to centralize AI strategy across advisory tools, compliance, and operations.
- Move Compliance under COO Shift the Chief Compliance Officer to report to the COO to streamline operational risk management.
Atlas work this supports
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The people
Who's running this
7 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.
internal
David Chubak
Chief Operating Officer
Operations
3 yr
0 reports
internal
Lana Jackson
Chief Financial Officer
Finance
4 yr
0 reports
internal
Stuart Kessler
Chief Compliance Officer
Compliance
5 yr
0 reports
internal
Sharon Brown
Chief Legal Officer
Legal
6 yr
0 reports
internal
Julie Williams
Chief Human Resources Officer
Human Resources
5 yr
0 reports
internal
Debra Boehmer
Principal, Branch Development
Advisory
6 yr
0 reports
The businesses
How Edward Jones divides the work
3 divisions report into the group CEO. Tile size scales with estimated headcount.
Operations
12K employees
Chief Operating Officer (David Chubak)
Oversees day‑to‑day firm operations, service platforms, and operational risk management.
Finance
3K employees
Chief Financial Officer (Lana Jackson)
Manages financial planning, capital allocation, accounting, and firmwide financial controls.
Branch Development
35K employees
Principal, Branch Development (Debra Boehmer)
Leads the firm’s financial advisor network, branch growth, and client service model.
The thesis
Why this org is unusual
Edward Jones is distinctive in being led by a Managing Partner rather than a conventional public-company CEO.
The partnership structure concentrates authority at the top while preserving strong functional leaders reporting directly to the Managing Partner. Unlike bank‑holding peers, Edward Jones emphasizes branch advisory operations as a core leadership function, elevating Branch Development to the same level as finance and operations. This reflects the firm’s advisor-centric growth model and private ownership.
- Managing Partner model instead of CEO
- Strong emphasis on branch advisory leadership
- High internal promotion across C-suite
The comparison
How Edward Jones stacks up
Compared with publicly traded brokerage peers, Edward Jones operates with a flatter, partnership-driven executive structure. Firms like Morgan Stanley and Charles Schwab employ formal CEO/COO hierarchies and product or platform presidents. Edward Jones instead centralizes strategy with the Managing Partner and relies …
C-suite size
Reporting depth
Edward Jones
2 levels
4 levels
5 levels
Raymond James
4 levels
LPL Financial
4 levels
Avg C-suite tenure
Has COO / Has CAIO
Edward Jones ✓ COO — no CAIO
Raymond James ✓ COO — no CAIO
LPL Financial ✓ COO — no CAIO
Current signals
What changed recently
The most significant recent change was David Chubak’s promotion to Chief Operating Officer, reinforcing operational leadership under the Managing Partner.
- Date not confirmed promoted
Frequently Asked Questions
Who is the CEO of Edward Jones?
Edward Jones does not use a CEO title; the firm is led by Managing Partner Penny Pennington, who has held the role since 2019.
What type of organizational structure does Edward Jones use?
Edward Jones operates as a private partnership with a hybrid functional structure centered on a Managing Partner.
How many direct reports does Edward Jones's CEO have?
The Managing Partner has six direct executive reports, including operations, finance, legal, compliance, HR, and branch development leaders.
How has Edward Jones's leadership changed recently?
A notable recent change was the promotion of David Chubak to Chief Operating Officer in 2022, strengthening operational oversight.
Does Edward Jones have a COO?
Yes. Edward Jones appointed David Chubak as Chief Operating Officer, reporting directly to the Managing Partner.
Sources
- Edward Jones Newsroom, 2022
Reference
Cite this page
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APA 7th
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Creately. "Edward Jones Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/edward-jones/.Permanent URL: https://creately.com/org-chart/fortune-500/edward-jones/ · last updated 2026-04-01