JPMorgan Chase has opened 14 new financial centres in the four US states of California, Florida, Massachusetts, and New York.
The expansion follows the establishment of two additional centres in late 2024, bringing the total to 16, with plans to nearly double this number by the end of next year.
The J.P. Morgan Financial Centres primarily occupy former First Republic locations acquired in May 2023, including sites in Palm Beach, Napa, Madison Avenue, and Cambridge.
They are designed to meet the specific needs of affluent clients, featuring private meeting areas and tailored environments.
Clients qualifying for the J.P. Morgan Private Client service will receive dedicated support from a senior private client banker, who will provide access to JPMorgan Chase’s comprehensive banking and wealth management services.
Chase Private Client is available to clients with a minimum of $150,000 in qualifying deposits and investments, while J.P. Morgan Private Client caters to those with over $750,000.
This service includes personalised attention from a dedicated banker and a team of experts in various financial areas, including lending and planning. J.P. Morgan Wealth Management advisors will also provide investment advice and solutions.
JPMorgan Chase CEO Jennifer Roberts said: “Through these Financial Centers, we are redefining how affluent clients are served, offering a highly personalised level of service that is backed by the global capabilities of JPMorganChase.”
Additionally, Chase manages19 community centres nationwide to improve access to banking services in underserved areas, contributing to its goal of opening 500 new branches by the end of 2027.
In December 2024, the Monetary Authority of Singapore imposed a civil penalty of S$2.4m ($1.78m) on JPMorgan Chase Bank for not detecting misconduct by its relationship managers in over-the-counter bond transactions.
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