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.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
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A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
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