“We have exceptional advisors in our branches and offices, but we are still nascent in providing video and phone-based advice to clients who prefer to be served that way all the time,” Lemkau explained. “Boaz is a proven leader, an exceptional thinker and innovator. He will be a great addition to our leadership team.”
The National Branch channel “complements J.P. Morgan’s U.S. Wealth Management business offering, which currently includes branch-based advisors and digital self-directed platforms,” according to the firm.
Created in late 2019 via a merger of wealth management advisors in Chase branches, J.P. Morgan Securities and the digital investment platform You Invest, the Wealth Management business — part of the Consumer & Community Banking unit — now has about 4,000 advisors working with $500 billion in assets under supervision via 3,500 branches and 21 offices.
In its latest earnings report, JPMorgan said it also had 2,869 advisors in its Private Bank, which focuses on high net worth and ultra high net worth clients.
— Check out 13 Best & Worst Broker-Dealers: Q2 Earnings, 2020 on ThinkAdvisor.