Seven new Chase Private Client offices will open in New York City this month as JPMorgan Chase & Co. combines the services of Chase retail banking with J.P. Morgan investments for affluent families and individuals.
The office expansion is a part of Chase Private Client’s efforts across the country to better serve affluent clients, the company said in a news release on Thursday. By the end of 2011, Chase Private Client expects to have a presence in more than 250 locations, and by 2013, it anticipates a presence in almost 1,000 locations.
“Chase Private Client is a recognition and response to the evolving needs of our affluent Chase customers,” said Barry Sommers, CEO of Chase Wealth Management, in a statement. “As our customers’ lives get more complex, we aim to provide them with the products and services they want and need to effectively manage their wealth.”
The new offices are to be located at:
- 610 Madison Ave. (at 58th Street)
- 386 Park Ave. S. (at 27th Street)
- 2 Pennsylvania Plaza (at 34th Street)
- 633 Third Ave. (at 41st Street)
- 1411 Broadway (between 39th Street and 40th Street)
- 2099 Broadway (at 73rd Street)
- 55 Water St.
The Private Client Banker segment of the business provides clients with preferred rates, waived fees and specialized lending and mortgage products. The new Chase Private Client offices offer customers more privacy and faster service along with access to a 24/7 service hotline to speak directly with a representative.
As part of the combined services, the J.P. Morgan Private Client Advisor will offer customers tailored investment solutions, information through J.P. Morgan’s research and market commentaries and access to investment advice and technology.