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.”