Bank

JPMorgan is planning to double its advisor force to go head-to-head with wealth giants like Merrill Lynch and Morgan Stanley

2 days ago   |   By Business Insider

Summary List Placement JPMorgan is setting out to double the size of its financial advisor force catering to high-net-worth clients, executives said on Thursday, underlining the bank's quest to catch up to larger wealth management firms it has trailed in size.
The bank is planning to hire around 500 financial advisors to work in its JPMorgan Advisors business, which sits within JPMorgan's wider US wealth management business run by Chief Executive Kristin Lemkau. This group, which currently houses 450 advisors, is separate from the firm's private bank and its branch-based advisors, which...
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