About Us | J.P. Morgan Private Bank U.S. (2024)

At the World's Best Private Bank*, we've been working with individuals and their families for more than 200 years to help them achieve their unique ambitions and experience the full possibility their wealth can create. Whether you're focused on building, preserving or transferring wealth, we bring you a team of professionals in planning, investing, lending and banking, carefully curated to match your goals.

Who we are

We do business in a world class way. We are big thinkers—trusted advisors, strategists and investors who are designing the entire private banking relationship around you. Whether it's organizing your money, introducing you to new opportunities, managing your taxes effectively, arranging trusts or planning your estate, our job is to make your financial life easy and seamless, so you can focus on what you care about most. With your goals and preferences always in mind, your team will move mountains to meet what the moment calls for.

What Private Banking means at J.P. Morgan

J.P. Morgan Private Bankers work with innovators, entrepreneurs, industry leaders and their families to help them achieve what they envision and make a difference. We can do the same for you. We offer you meaningful advice for today, tomorrow and future generations. Your dedicated team navigates and connects you to the full global resources of J.P. Morgan, giving you the confidencethat you won’t miss out on a cutting-edge insight or a potential emerging opportunity.

When is J.P. Morgan Private Bank right for you?

Simply put, the more success you have, the likelier you and your family are to benefit from the level of service and access our Private Bank can offer. Your finances are more complex, your opportunities and risks, potentially greater. Even if you're a sophisticated investor, you'll find there's value in the insights, capabilities, connections—the uniquely elevated private banking experience—J.P. Morgan Private Bank delivers.

*Awards or rankings are not indicative of future success or results. For third-party award selection criteria and other important information, visithere.

About Us | J.P. Morgan Private Bank U.S. (3)

What is a “private bank”—really?

J.P. Morgan has been voted the “World’s Best Private Bank.” But what does that mean, and why should you care?

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About Us | J.P. Morgan Private Bank U.S. (4)

J.P. Morgan Private Bank is named 2024’s “World’s Best Private Bank”

Global Finance Magazine named J.P. Morgan Private Bank as 2024’s “Best Private Bank in the World” and “Best Private Bank in North America.”

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About Us | J.P. Morgan Private Bank U.S. (5)

Euromoney names J.P. Morgan “World’s Best Private Bank"

For the second year in a row, J.P. Morgan received this accolade that reflects the bank’s unwavering commitment to delivering exceptional client service.

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Mary Callahan Erdoes

Chief Executive Officer of J.P. Morgan Asset and Wealth Management

David Frame

Chief Executive Officer of the U.S. Private Bank

Andrew L. Cohen

Executive Chairman of the Global Private Bank

Harshika Patel

Chief Executive Officer, Asia Private Bank, Chief Executive Officer, Hong Kong, J.P. Morgan

Pablo Garnica Alvarez-Alonso

Chief Executive Officer of J.P. Morgan Private Bank Europe, Middle East and Africa

Martin Guillermo Marron

CEO, International Private Bank

Adam Clark

Global Head of Trusts & Estates

Ari Katz

Managing Director, Global Head of Products

Vince La Padula

CEO of Workplace Wealth Solutions

Edinardo Figueiredo

CEO Latin America & GFG Private Bank New York

Jeremy Geller

Managing Director, Co-Head of New York

What is private banking? We get that question often, and think the answer is simple: It’s an enduring relationship that’s shaped around you. It’s a relationship with people who understand you, your life, your finances, and who are dedicated to delivering an elevated experience while helping you achieve your goals.

About Us | J.P. Morgan Private Bank U.S. (17)


Here, you’ll feel welcomed and valued. Wherever you want to go, and whatever you want to achieve, we’ll help you get there.

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*Global Finance Media, 2023

LEARN MORE About Our Firm and Investment Professionals Through FINRA Brokercheck

To learn more about J.P. Morgan’s investment business, including our accounts, products and services, as well as our relationship with you, please reviewour J.P. Morgan Securities LLC Form CRS andGuide to Investment Services and Brokerage Products.

JPMorgan Chase Bank, N.A.and its affiliates (collectively "JPMCB") offer investment products, which may include bank-managed accounts and custody, as part of its trust and fiduciary services. Other investment products and services, such as brokerage and advisory accounts, are offered throughJ.P. Morgan Securities LLC("JPMS"), a member ofFINRAandSIPC. Insurance products are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. JPMCB, JPMS and CIA are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states.

Please read theLegal Disclaimerfor key important J.P. Morgan Private Bank information in conjunction with these pages.


About Us | J.P. Morgan Private Bank U.S. (18) Bank deposit products, such as checking, savings and bank lending and related services are offered by JPMorgan Chase Bank, N.A. Member FDIC.Not a commitment to lend. All extensions of credit are subject to credit approval.

About Us | J.P. Morgan Private Bank U.S. (2024)


About Us | J.P. Morgan Private Bank U.S.? ›

Raising the standard in private banking. At the World's Best Private Bank*, we've been working with individuals and their families for more than 200 years to help them achieve their unique ambitions and experience the full possibility their wealth can create.

What is the minimum balance for JP Morgan Private Bank? ›

The minimum requirement to open a private banking account with HSBC in the US is $5 million, while the minimum for banks like JP Morgan is $10 million. It's not unusual for larger private banking institutions to require eight-figure sums from their clients.

Who is the CEO of J.P. Morgan US Private Bank? ›

David Frame is Chief Executive Officer of J.P. Morgan U.S. Private Bank, one of the largest providers of wealth management services with more than $836 billion in client assets.

What is the best Private Bank in the US? ›

  • The Private Banking Top 10 List.
  • UBS.
  • Morgan Stanley.
  • Bank of America.
  • J.P. Morgan Private Bank.
  • Citigroup.
  • BNP Paribas.
  • Goldman Sachs.

How much does a JP Morgan private bank advisor charge? ›

How Much Does J.P. Morgan Personal Advisors Charge? J.P. Morgan Personal Advisors charges between 0.40% and 0.60% of your assets under management annually. It's 0.60% for portfolios below $250,000, 0.50% for portfolios between $250,000 to $1 million, and 0.40% for portfolios over $1 million.

How much money do you need for a private bank? ›

Although the minimum amount for private banking eligibility varies, $1 million is a common benchmark requirement. However, some private banks require investable assets of $5 million or $10 million for account consideration.

Is JP Morgan Private Bank worth it? ›

J.P. Morgan has been voted the “World's Best Private Bank” for good reason. With us, you enjoy an enduring relationship with a skilled banker who can marshal the resources of a global financial powerhouse for you, your family—and the impact you want to make on the world.

How much money to be a Chase private client? ›

There is a $35 Monthly Service Fee for Chase Private Client Checking OR $0 when you have at least one of the following each statement period: an average beginning day balance of $150,000 or more in any combination of this account and linked qualifying (a) deposits / (b) investments OR, a linked Chase Platinum Business ...

How much money do you need for Morgan Stanley Private Bank? ›

Morgan Stanley Private Bank checking overview

The Max-Rate Checking Account earns a higher APY than the Checking Account. It requires no minimum opening deposit, though account holders must maintain an average balance of at least $5,000 to avoid a $15 monthly fee.

How much assets do you need for JP Morgan Private Bank? ›


JP Morgan's is one of the best private banking options for those with at least $10 million in assets. Clients are given a team of specialized advisers who help them with banking, investing, wealth management, and more.

How much money do you need for Chase private banking? ›

To qualify as a Chase Private Client, you need to have a daily average of $150,000 in Chase investments and accounts. You can also gain access to Chase Private Client benefits if you share an account with an immediate family member who is a Chase Private Client.

What is the minimum amount for a JP Morgan private client advisor? ›

J.P. Morgan Personal Advisors at a glance
Account minimum$25,000.
Accounts supportedRoth, traditional, rollover, SEP, SIMPLE IRAs and trusts.
Tax strategyJ.P. Morgan Personal Advisors now includes automated tax-loss harvesting for all taxable accounts.
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May 7, 2024

How much money do you need for a JP Morgan account? ›

What are the requirements to open new accounts with J.P. Morgan? Most of our funds require an initial investment of $1,000 to open an account.


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