While wealth creation provides similar returns, an income-focused approach offers better protection against volatility, rate and inflation risk.
Facilitating conversations about wealth transfer and preparing subsequent generations may be achieved through ongoing family meetings.
JPMorgan will also try to knit the unit closer to wealth managers who work in retail branches to encourage cross-selling efforts within the bank.
Even if you aren't worried about declining purchasing power, your clients are probably looking to avoid a "wheelbarrow full of cash" scenario.