From Yahoo Finance: 2025-06-02 13:01:00

JPMorgan Chase has opened 14 new Financial Centers in California, Massachusetts, Florida, and New York, targeting affluent clients with over $750,000 in qualifying deposits and investments. These centers offer personalized services and aim to enhance wealth management for clients. The bank hopes to increase its share in the wealth management sector with these new locations.

The new Financial Centers were acquired in May 2023 after JPMorgan Chase took over First Republic. Located in upscale areas like Palm Beach, Napa, New York, and Cambridge, the banks feature private meeting spaces and personalized support from senior private client bankers. These centers are designed to offer a high level of service and care to affluent clients.

JPMorgan Chase’s CEO of Chase Consumer Banking, Jennifer Roberts, emphasized the importance of building relationships that span banking, lending, and investments for clients. The new Financial Centers aim to provide clients with a seamless and personalized experience, meeting their financial needs with exceptional attention and care. The bank is striving to deliver a concierge-level service akin to high-end hotels to enhance client relationships.



Read more at Yahoo Finance: JPMorgan Chase To Open New ‘Elevated Concierge Type Of Service’ Brick-And-Mortar Locations To Woo Wealth Clientele