J.P. Morgan Private Bank

J.P. Morgan Private Bank operates as the high-net-worth and ultra-high-net-worth division within JPMorgan Chase's Asset & Wealth Management business. With $2.9 trillion in client assets globally and a 200-year legacy, it stands as one of the largest private banks in the world. Named Best Global Private Bank 2025, the firm serves wealthy individuals, families, and institutions through dedicated teams of specialists who bring together investing, planning, lending, banking, philanthropy, and family office services.

The Private Bank sits within J.P. Morgan's broader Asset & Wealth Management division, which manages over $7 trillion in client assets under CEO Mary Callahan Erdoes - ranked #1 Most Powerful Woman in Finance by American Banker for three consecutive years. In July 2025, David Frame was appointed Global CEO of the Private Bank after leading the US business to over $1.16 trillion in assets. The global footprint spans major wealth centers across the Americas, Europe, Middle East, and Asia.

Wealth Planning & Advisory

Clients work with dedicated teams that bring together specialists across disciplines rather than generalist advisors. The approach integrates investments, credit, banking, estate planning, and philanthropic goals into one comprehensive strategy. Planning considers multi-generational wealth transfer, business succession, and complex family dynamics.

• Dedicated advisory teams combining multiple areas of expertise
• Goals-based wealth planning with ongoing strategy refinement
• Estate and trust planning for multi-generational wealth transfer
• Business owner advisory including succession planning and liquidity events
• Tax-efficient strategies integrated across the entire financial picture
• Philanthropy advisory including foundation management

Investment Management

The Private Bank draws on J.P. Morgan Asset Management's global investment capabilities - the firm ranks #1 in active management flows and manages $3+ trillion in active strategies. The focus stays on generating alpha through active management rather than competing on commoditized passive strategies. Clients access institutional-quality research and investment solutions typically reserved for large institutions.

• Discretionary portfolio management with customized asset allocation
• Access to J.P. Morgan's proprietary research and market insights
• Alternative investments including private equity, hedge funds, and real assets
• Direct investments and co-investment opportunities
• Active ETF strategies - three of the five largest active ETFs globally
• Sustainable and impact investing options

Banking & Credit

The Private Bank leverages JPMorgan Chase's fortress balance sheet - the largest bank in the US with $4 trillion in assets - to provide custom credit solutions at scale. Securities-based lending, real estate financing, aircraft and yacht lending, and art-backed loans give clients liquidity without disrupting investment positions.

Family Office & Special Advisory

23 Wall - named after the historic J.P. Morgan headquarters - serves ultra-high-net-worth families and single-family offices with institutional-level capabilities. This includes access to the firm's investment bank for capital markets execution, M&A advisory, and direct investing opportunities alongside J.P. Morgan's own balance sheet.

Mary Callahan Erdoes

CEO, J.P. Morgan Asset & Wealth Management

Mary Callahan Erdoes has led J.P. Morgan's Asset & Wealth Management division since 2009, overseeing $7 trillion in client assets. Ranked #1 Most Powerful Woman in Finance by American Banker for three straight years. Previously served as CEO of the Private Bank from 2005-2009.

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David Frame

Global CEO, J.P. Morgan Private Bank

David Frame was appointed Global CEO of the Private Bank in July 2025 after building the US Private Bank to over $1.16 trillion in client assets. His career spans two decades at J.P. Morgan including roles leading Client Advice and Strategy and Capital Markets Solutions.

Andrew L. Cohen

Executive Chairman, Global Private Bank & Head of 23 Wall

Andrew Cohen serves as Executive Chairman of the Global Private Bank and leads 23 Wall, the firm's ultra-high-net-worth family office business. Previously CEO of the International Private Bank and CEO of Asia Private Bank.