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JPMorgan Wants to Recruit Advisors—Hundreds of Them

·3 min read
JPMorgan Wants to Recruit Advisors—Hundreds of Them
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The bank unveiled plans Thursday to more than double its advisor workforce in a key business unit to 1,000 over the next five or so years, part of a larger expansion of J.P. Morgan’s wealth business. In recent years, the company has reorganized and rebranded its wealth management operations under J.P. Morgan Wealth Management CEO who assumed the role in 2019. The company also hired or added new wealth management executives, such as Phil Sieg, a former Merrill Lynch leader who now serves as CEO of J.P. Morgan Advisors, the unit which aims to grow to 1,000 advisors from its current level of about 450.