J.P. Morgan Securities picked up two advisors who oversaw $900 million in client assets, a spokeswoman confirmed.
The recruits are the latest to join the bank’s boutique wealth management unit, which caters to ultrawealthy clients. Over the past year, J.P. Morgan Securities has been steadily hiring elite brokers from its rivals. Last month,
The firm’s newest hires, Chris Sheets and Forrest Green, joined the bank’s Houston branch from Bernstein. They cater to ultrahigh–net-worth families, according to their new employer.
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Wirehouse policy changes are bearing fruit and leaving advisor career options in flux.
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Industry changes and ongoing bank scandals have tilted the playing field in favor of smaller brokerages.
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A former Goldman Sachs broker also joined the boutique firm's office.
June 26 -
After a busy month nabbing talent from Wells Fargo, Raymond James picks up a team from Stifel.
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They made the move in part for what they say is the breadth of product offerings and services available at J.P. Morgan Securities.
“We look forward to expanding our practice to include banking, lending and private equity,” Green said in a statement.
Sheets and Green had been registered with Bernstein since 2002 and 2004, respectively, per FINRA BrokerCheck records.
This is also the second team J.P. Morgan Securities has hired so far this year for its Houston office. Earlier this year,
The boutique unit’s parent bank, JPMorgan Chase, has a large presence in the city, with about 6,000 employees, according to the company.
