JP Morgan Chase’s rich client will now receive exemptions and references on art recovery services from luxury journey.
JP Morgan Private Bank Announced Tuesday that it is offering a The new lifestyle program For its wealthy American clients, providing access to services such as private jets booking and services for domestic staff. Services also include financial reporting programs, bill pay, and bookkeeping.
A service, for example, provides customers free access to Valerie Wilson Travel, a company JP Morgan Achieved in 2022For travel planning and advice. (JP Morgan did not name any other travel company available by the network, but said that there is a wide range of firms offering special services.) Another special service involves maintaining and selling art collection.
Related: JP Morgan’s new ‘superstall’ office offers high -end restaurants and a high -tech gym facilities. What else to expect here.
According to the press release, there is no additional fee for JP Morgan’s clients, taping new services. New programming is part of the trend of a wider industry where private banks are moving beyond traditional investment and financial guidance.
William Sankleier, co -head of JP Morgan Private Bank’s World Family Office Practice, said Cnbc That the wealthy clients are looking for faster than financial advice from their advisers, including artwork collection and payroll management for domestic employees.
“There is a growing trend in customers who want our advice beyond traditional wealth management,” Sankleier told Outlet.
JP Morgan CEO Jamie Demon. Photographer: Getty Images via Patrick Balliger/Bloomberg
The most requested services request private jet travel, billpay, and business owners to help employees find health insurance plans, Sanklear said.
JP Morgan is also planning to add more features to the lifestyle service, as it grows, Emily MargulisHead of JP Morgan Private Bank’s lifestyle services, told Cnbc.
“We are looking at the physical security, insurance, more depth HR, areas we see more requests,” Margolis told outlet.
Related: JP Morgan will fired Junior Bankers on a joint practice, which CEO Jamie Demon has called ‘immoral’.
Increasing lifestyle services is included in the overall strategy to develop JP Morgan’s bank. JP Morgan CEO Jamie Demon Talked In May, the bank’s annual investors’ commitment to the company’s development project and investment.
“There is a lot of competition,” he said in the event. “You have to prepare the investment you need to win in your own people, your systems, your options, your culture and such things, every day.”
JP Morgan is also the largest bank of the US bank 3 4.3 trillion In assets until March 31. The bank’s market was over -over 5 845 billion At the time of writing
Related: JP Morgan is now given higher price than its 3 biggest rivals: ‘We’re just careful enough to declare victory’
JP Morgan Chase’s rich client will now receive exemptions and references on art recovery services from luxury journey.
JP Morgan Private Bank Announced Tuesday that it is offering a The new lifestyle program For its wealthy American clients, providing access to services such as private jets booking and services for domestic staff. Services also include financial reporting programs, bill pay, and bookkeeping.
A service, for example, provides customers free access to Valerie Wilson Travel, a company JP Morgan Achieved in 2022For travel planning and advice. (JP Morgan did not name any other travel company available by the network, but said that there is a wide range of firms offering special services.) Another special service involves maintaining and selling art collection.
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