As in so many other areas of the bank’s franchise, JPMorgan’s wealth management performance in 2023 was a good illustration of the unique qualities of the US’s preeminent banking institution. It is North America’s best bank for wealth management.
The superlatives are hard to avoid. The bank’s asset and wealth management division pulled in nearly half a trillion dollars of net new money in 2023, a feat it attributed in part to investors seeking a haven in the turmoil of the US regional banking crisis in March 2023.
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