There was significant chatter over the weekend that an impending reshuffling of the deck chairs at the J. P. Morgan Private Bank is in the offing. The whispers are that the first chair to be ‘shuffled’ could be David Frame, CEO of the J. P. Morgan Private Bank, as attrition isn’t slowing, but rather accelerating on his watch.
Rockefeller remains a darling firm for larger producers. The elite advisor numbers and tire tread marks that have migrated to the firm in the past year isn’t slowing down, and if anything, is picking up momentum. Geographically, the firm is set to win big in a couple of states that matter to growing wealth management firms: Texas and California.