JPMorganChase has announced the expansion of its affluent banking services with the opening of 14 new J.P. Morgan Financial Centers across California, Florida, Massachusetts, and New York. This move aims to offer a personalized and high-touch experience to potential clients in these regions.
The new centers will be inaugurated this week through ribbon-cutting ceremonies. With the addition of these locations, JPMorganChase now operates 16 J.P. Morgan Financial Centers and plans to nearly double this number by the end of next year.
Jennifer Roberts, CEO of Chase Consumer Banking, stated: “Through these Financial Centers, we are redefining how affluent clients are served, offering a highly personalized level of service that is backed by the global capabilities of JPMorganChase.”
These centers are designed to cater specifically to affluent clients' needs, featuring private meeting spaces and distinctive finishes. Clients eligible for the J.P. Morgan Private Client offering will receive support from a dedicated Senior Private Client Banker who brings extensive expertise in banking and wealth management.
Roberts further commented on client expectations: “When we meet with clients, they consistently say they want a relationship that spans across banking, lending and investments, and provides a seamless experience as they navigate the complexities of managing and growing wealth.”
JPMorganChase's expansion strategy includes providing best-in-class services based on relationship value. The Chase Private Client product is available nationwide for clients with $150,000 or more in qualifying balances. For those with over $750,000 in qualifying balances, J.P. Morgan Private Client offers enhanced services including access to investment advice from J.P. Morgan Wealth Management advisors.
Stevie Baron, Head of Affluent Banking at JPMorganChase remarked: “The power of our coverage model means we can serve affluent clients according to their personal preferences.”
The new financial centers are primarily located in former First Republic sites acquired in May 2023. Prominent locations include Palm Beach (Florida), Napa (California), Madison Avenue (New York), and Cambridge (Massachusetts). Clients without nearby centers can still benefit from remote office-based services led by Relationship Managers.
For more information about J.P. Morgan Financial Center locations visit jpmorgan.com/financialcenters.
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