Sumary of JPMorgan to hire more than 500 wealth management advisers:
- Article content NEW YORK — 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.
- “We are investing in this business,” Phil Sieg, chief executive officer of J.
- 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.