JPMorgan Takes Over First Republic: What’s Next for Advisors and Clients?

The Wealth Advisor Contributor
May 1, 2023

(Barron's) - First Republic advisors and their clients went to bed Sunday night as part of a failing bank hemorrhaging deposits and woke up Monday morning as part of JPMorgan Chase, the nation’s largest bank by assets. It’s a much more comfortable place to be.

First Republic has lost a number of advisors, but those who remain will now join JPMorgan’s wealth unit, J.P. Morgan Advisors. JPMorgan currently has more than 5,000 advisors across its wealth management operations and has been working to grow their ranks. For large U.S. banks, wealth...

By Andrew Welsch

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