Billion-dollar Wells Fargo private bank trio opts for J.P. Morgan

Billion-dollar Wells Fargo private bank trio opts for J.P. Morgan
Team switches banks in New York City; another trio who oversaw more than $1 billion in client assets joins from Wealthspire.
JUN 10, 2022

Three advisers who managed more than $1 billion at Wells Fargo Private Bank in New York City have joined J.P. Morgan Private Bank.

Amanda Johnson, Scott Walker and Scott Thomas will report to Robert DiDiano, who recently joined J.P. Morgan from Wells Fargo to establish and lead a new private bank group in New York.

Also joining the private bank are Meghan Bergman, Michael Kuziw and David Carter, who previously oversaw more than $1 billion in client assets at Wealthspire.

J.P. Morgan Private Bank last year announced plans to double its adviser headcount by adding 1,500 new advisers by 2026, the firm said in a press release. Across the Greater New York region, the private bank is looking to hire as many as 350 advisers over the next five years and has already added 85 from the beginning of 2021 through the start of June 2022. Globally, the business has increased adviser headcount by 14% year-over-year.

Guiding clients through divorce is a chance to assess the fit for a permanent relationship

Latest News

Integrated Partners, Kestra welcome multigenerational advisor teams
Integrated Partners, Kestra welcome multigenerational advisor teams

Integrated Partners is adding a mother-son tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.

Trump not planning to fire Powell, market tension eases
Trump not planning to fire Powell, market tension eases

Futures indicate stocks will build on Tuesday's rally.

From stocks and economy to their own finances, consumers are getting gloomier
From stocks and economy to their own finances, consumers are getting gloomier

Cost of living still tops concerns about negative impacts on personal finances

Women share investing strengths, asset preferences in new study
Women share investing strengths, asset preferences in new study

Financial advisors remain vital allies even as DIY investing grows

Trump vows to 'be nice' to China, slash tariffs
Trump vows to 'be nice' to China, slash tariffs

A trade deal would mean significant cut in tariffs but 'it wont be zero'.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.