J.P. Morgan Private Investments Inc. is a large advisory firm based in New York. It manages $134.84 billion of regulatory assets for 620,711 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
J.P. Morgan Private Investments provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of J.P. Morgan Private Investments Inc. is $134.84 billion. The firm's AUM has grown by 8793% since the beginning of its operation, and $3.17 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay J.P. Morgan Private Investments Inc. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Glenn Joseph Hill is individuals with 500,262 clients and $65.37 billion of assets under management. Among the 9 most similar advisory firms, J.P. Morgan Private Investments has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $134.84 billion for 620,712 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
J.P. Morgan Private Investments also advises several private funds. Namely, one hedge fund, eight real estate funds, two other private funds, and thirty six private equity funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $10,000,000.
The company employs 642 people that are either part- or full-time employees. 14 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Glenn Joseph Hill has been acting as President since 1 Mar 2010. Michael Joseph Chiaravalloti joined the executive team most recently as the Director.
The principal office where J.P. Morgan Private Investments Inc. performs its advisory services is located at 383 Madison Avenue, New York, NY 10179 0001 The mailing address of the firm is 277 Park Avenue, New York, NY 10172. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-464-2070. The normal business hours are 9 am -5 pm on Monday - Friday. You can find more information about the New York firm at jpmorgan.com.