New Jersey advisor with seven years of experience has convinced at least four former customers with more than $4 million to move by soliciting them in violation of his employment contract, J.P. Morgan claims.
After a long hiring freeze, the wirehouse on Friday signed teams with combined production of $8.8 million in Ohio, California and New York even as it lost a $3 million group in New York City to J.P. Morgan.
Our Publisher Tony Sirianni recently sat down with Chris Harvey, CEO of J.P. Morgan’s boutique wealth management unit, and asked him some questions about the state of our industry.
Two brokers who left on Thursday had been generating around $2 million in production from $200 million in assets.
Stephen McCashin, who ran UBS’s private wealth complex in San Francisco, will join the former Bear Stearns business unit in November after a ‘garden leave.’
As racial diversity tumbles on Wall Street, JPMorgan Chase & Co. has reached a settlement with financial advisers who say they were treated poorly because they’re black.
Says former private bankers who left in April have been soliciting clients they didn’t develop and “bad-mouthing” bank practices and advisors.
JPMorgan Chase & Co. is dismissing about 100 workers in its asset-management division after a business review, according to a person briefed on the matter.
JPMorgan Chase & Co. will offer a digital-investing service that includes free trades and no account minimums, a move that drove shares of discount brokerages lower.
JPMorgan Chase & Co. retail clients who don’t live in the U.S. will no longer be able to keep investment accounts as the bank shuts a business that it’s operated for decades.