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J.P. Morgan Private Bank’s New Venture: U.S. Family Office Practice for the Ultra-Wealthy

Introduction to a New Venture

J.P. Morgan Private Bank announced the launch of the U.S. Family Office Practice, a tailored initiative aimed at serving the financial giant’s largest clients and their family enterprises. Combining over 150 seasoned professionals, the practice will offer guidance on estate planning, life insurance, strategic wealth transfer, and more, integrating the expertise of the Private Bank’s Advice Lab, Global Investment Opportunities, and Outsourced Chief Investment Officer teams.

Leadership and Vision

Led by William Sinclair, a 17-year veteran of J.P. Morgan, the U.S. Family Office Practice aims to strategically expand the family office platform, meeting the multifaceted needs of a sophisticated clientele. The goal is to solidify J.P. Morgan’s position as the bank of choice for the world’s wealthiest families, according to David Frame, the CEO of J.P. Morgan U.S. Private Bank.

Global Partnership and Integration

The practice is set to partner with 23 Wall, a global advisory team working with the largest families worldwide concerning privately owned assets, including real estate, sports teams, direct investments, and operating companies. With 23 Wall’s integration, the Private Bank’s reach extends to 700 families with $4.5 trillion in assets, offering co-investment opportunities and institutional access to the firm’s resources.

Customized Solutions for Multigenerational Wealth

According to Andrew L. Cohen, Executive Chairman of J.P. Morgan Global Private Bank, the new practice will offer highly customized solutions and innovative digital services to address the intricate challenges of managing multigenerational wealth. It represents a commitment to ongoing innovation and valuable solutions across the wealth spectrum.

Strategic Advice for the Ultra-High-Net-Worth

Utilizing J.P. Morgan’s vast platform, the Family Office Practice will provide strategic guidance to ultra-high-net-worth families. Whether enhancing an existing family office or establishing a new one, the firm will cater to those seeking outsourced family office services without an independent office structure. The practice will leverage the company’s vast experience, working with over 40% of U.S. families worth more than $100 million.

Experienced Team Behind the Initiative

The U.S. Family Office Practice will benefit from strong leadership, including Jamie Lavin Buzzard, Head of Investments and Advice, Elisa Shevlin Rizzo, Head of Family Office Advisory, and Christopher McCree, Vice President overseeing day-to-day operations. Each brings a wealth of experience to the practice, ensuring client engagement, trust and estate structuring, and the growth of the ultra-high-net-worth business.

A Legacy of Wealth Management

Sinclair emphasizes J.P. Morgan Private Bank’s long history of wealth management, recognizing the significant growth of family offices in the last two decades. The launch of the U.S. Family Office Practice is a calculated response to meet this growing demand, offering both outsourced services and dedicated practices.


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