Tuesday, October 21, 2025
spot_img

JPMorgan to hire more than 500 wealth management advisers

spot_img
- Advertisement -

JPMorgan Chase executives said on Thursday they plan to hire more than 500 financial advisers in the next five to seven years, as the largest U.S. bank aggressively expands its wealth management services for the very wealthy.

The plan would more than double the 450 brokers now working for J.P. Morgan Advisors, the bank’s boutique wealth management firm.

“We are investing in this business,” Phil Sieg, chief executive officer of J.P. Morgan Advisors, told Reuters. “We want to grow to 1,000 advisers relatively quickly.”

J.P. Morgan Advisors would still be a small firm. Morgan Stanley Wealth Management has around 15,000 advisers. But growing JPMorgan’s wealth offerings has been a top priority of JPMorgan Chief Executive Jamie Dimon.

Dimon briefly led the retail brokerage Smith Barney in the mid-1990s, and has said his favorite part of the job was overseeing its top 1,000 advisers. Sieg’s goal of getting to 1,000 advisers in his division is a nod to Dimon’s history.

J.P. Morgan Advisors sits in the bank’s U.S. wealth management division, which is led by Kristin Lemkau and includes Chase’s self-directed investing platform and its roughly 4,000 financial advisers who work at bank branches.

As of June 30, the wealth management division had $673 billion in client assets under supervision.

As part of the plan, the bank hired Mollie Colavita from rival brokerage Merrill Lynch to lead practice management and Jessica Douieb from Goldman Sachs as head of wealth partners. Kevin Hale was named the new head of marketing for JPMorgan Advisors & Chase Wealth Management.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

Spotify Supports Work from Anywhere; It Is Here to Stay

In a world where the traditional office cubicle is...

ITC Infotech presents PRARAMBH a learning platform to bridge the gap between Institutes and Industries

ITC Infotech presents ‘Prarambh', a unique initiative that rapidly...

Aditya Birla Group is hiring for various roles including HR; Apply

An Indian multinational conglomerate, Aditya Birla Group is hiring for various...

India Today appoints Navendu Shekhar as Head- HR

India’s most diversified media group, India Today has appointed...

Tata Steel Downstream Products Ltd appoints Karan Lakhani as CHRO

Tata Steel Downstream Products Limited has announced the appointment of...

Elon Musk has an opening apply if you are “foolish enough”

Elon Musk current Twitter CEO has an opening for...

TCS is offering free 15-day career-booster course for freshers

India’s biggest IT company Tata Consultancy Services (TCS) has announced a...

Wipro Q1FY26 Results: Profit Climbs 10%, Hiring Slows

Wipro reported a net profit of ₹3,330 crore in...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/