A partnership you can grow with
Backed by a global network of experienced professionals and a proven track record of success, the Trusts & Estates team at the Private Bank is uniquely suited in seeking to meet your clients’ fiduciary needs. From managing a portfolio of marketable securities to administering complex specialty assets, expect unmatched reliability and the resources to do it all. We work with one goal in mind: to help bring your clients’ legacies to life.
As a professional who advises wealthy families, you may appreciate a partner who has the depth and experience to address your clients’ diverse and multi-generational needs—one who understands the vision you have for your business and provides the same level of personalized attention and detail that you do.
[MUSIC PLAYING]
Hi, I'm Adam Clark, Global Head of the Trust and Estates business at JP Morgan Private Bank. We offer a wide range of trust and estate services, and have the experience and specialization to deliver, no matter how complex your client's needs might be.
We've learned a great deal over the almost 200 years that we've been in the business, and we're proud to share our extensive capabilities with you. Diversity is a cornerstone of our company and culture, and it helps us to support a rich diversity of clients around the world.
Our team includes more than 475 trust and estate professionals worldwide. It's a team built with a rich diversity of financial professionals, with 68% being women, and nearly a third having ethnically diverse backgrounds. Among those, we hold 37 unique licenses and speak 18 languages.
As an internationally respected corporate fiduciary, it's our responsibility to place effective risk control frameworks in place to meet regulatory requirements, and to ensure we're safeguarding your clients' assets. Our trust and estates team and wealth advisors regularly partner with our clients counsel to implement tax efficient, effective, and creative wealth planning ideas.
We also provide complex fiduciary services for a wide variety of specialty assets and trusts and estates. And often, we serve as private foundations and charitable trusts with non-profit management and grant making, to ensure your client's charitable intent is fulfilled.
As part of a private bank, we offer unparalleled service to ensure that our partners' and clients' needs are met. I invite you to explore the following pages, where you can learn more about our comprehensive offerings and how we can be your trusted partner. If you have any questions about how we can help you or your clients, please don't hesitate to contact us.
(SPEECH)
[MUSIC PLAYING]
(DESCRIPTION)
Text, J.P. Morgan Private Bank.
Trusts and Estates.
White circular layered designs expand and contract across the screen.
(SPEECH)
Hi, I'm Adam Clark, Global Head of the Trust and Estates business at JP Morgan Private Bank.
(DESCRIPTION)
Text, services. U.S. Trust Services, U.S. Estate Services, International Trust Services, Delaware Trust Services, Specialty Asset Management, Philanthropy and Grants Management.
(SPEECH)
We offer a wide range of trust and estate services, and have the experience and specialization to deliver, no matter how complex your client's needs might be.
(DESCRIPTION)
200 years of service.
(SPEECH)
We've learned a great deal over the almost 200 years that we've been in the business, and we're proud to share our extensive capabilities with you.
(DESCRIPTION)
Words arched around a picture of planet Earth read, Best Private Bank Award 2023, Global Finance.
Trusts and Estates is an integral part of J.P. Morgan Private Bank, overseeing almost 260 billion dollars in assets, as of July, 2023.
(SPEECH)
Diversity is a cornerstone of our company and culture, and it helps us to support a rich diversity of clients around the world.
(DESCRIPTION)
As of May, 2023.
(SPEECH)
Our team includes more than 475 trust and estate professionals worldwide. It's a team built with a rich diversity of financial professionals, with 68% being women, and nearly a third having ethnically diverse backgrounds. Among those, we hold 37 unique licenses and speak 18 languages.
(DESCRIPTION)
Our responsibility.
(SPEECH)
As an internationally respected corporate fiduciary, it's our responsibility to place effective risk control frameworks in place to meet regulatory requirements, and to ensure we're safeguarding your clients' assets. Our trust and estates team and wealth advisors regularly partner with our clients counsel to implement tax efficient, effective, and creative wealth planning ideas.
We also provide complex fiduciary services for a wide variety of specialty assets and trusts and estates.
(DESCRIPTION)
Groups of people meet in a conference rooms, or have discussions as they look at items on a laptop.
(SPEECH)
And often, we serve as private foundations and charitable trusts with non-profit management and grant making, to ensure your client's charitable intent is fulfilled.
(DESCRIPTION)
Text, we distribute 230 million dollars to non profits.
We oversee almost 10,000 grant requests annually.
(SPEECH)
As part of a private bank, we offer unparalleled service to ensure that our partners' and clients' needs are met.
(DESCRIPTION)
Two people have a discussion at a table in an office setting with floor to ceiling walls that overlook a cityscape.
(SPEECH)
I invite you to explore the following pages, where you can learn more about our comprehensive offerings and how we can be your trusted partner.
(DESCRIPTION)
A laptop opens and displays a website page that discusses J.P. Morgan Private Bank's resources.
(SPEECH)
If you have any questions about how we can help you or your clients, please don't hesitate to contact us.
(DESCRIPTION)
Text, J.P. Morgan Private Bank.
This material is for informational purposes only, and may inform you of certain products and services offered by private banking businesses, part of J.P. Morgan Chase and Company, quote, J.P.M, end quote. Products and services described, as well as associated fees, charges and interest rates, are subject to change in accordance with the applicable account agreements and may differ among geographic locations. Not all products and services are offered at all locations. If you are a person with a disability and need additional support accessing this material, please contact your J.P. Morgan team or email us at accessibility dot support at J.P. Morgan dot com for assistance. Please read all important information.
General Risks and Considerations. Any views, strategies or products discussed in this material may not be appropriate for all individuals and are subject to risks. Investors may get back less than they invested, and past performance is not a reliable indicator of future results. Asset allocation slash diversification does not guarantee a profit or protect against loss. Nothing in this material should be relied up in isolation for the purpose of making an investment decision. You are urged to consider carefully whether the services, products, asset class, E.G. equities, fixed income, alternative investments, commodities, et cetera, or strategies discussed are suitable to your needs. You must also consider the objectives, risks, charges, and expenses associated with an investment service, product, or strategy prior to making an investment decision. For this and more complete information, including discussion of your goals slash situation, contact your J.P. Morgan team.
Non reliance. Certain information contained in this material is believed to be reliable. However, J.P.M. does not represent or warrant its accuracy, reliability or completeness, or accept any liability for any loss or damage, whether direct or indirect, arising out of the use of all or any part of this material. No representation or warranty should be made with regard to any computations, graphs, tables, diagrams, or commentary in this material, which are provided for illustration slash reference purposes only. The views, opinions, estimates and strategies expressed in this material constitute our judgment based on current market conditions and are subject to change without notice. J.P.M. assumes no duty to update any information in this material in the event that such information changes. Views, opinions, estimates, and strategies expressed herein may differ from those expressed by other areas of J.P.M., views expressed for other purposes or in other contexts, and this material should not be regarded as a research report. Any projected results and risks are based solely on hypothetical examples cited, and actual results and risks will vary depending on specific circumstances. Forward looking statements should not be considered as guarantees or predictions of future events.
Important information about your investments and potential conflicts of interest. Conflicts of interest will arise whenever J.P. Morgan Chase Bank, N.A., or any of its affiliates, together, quote, J.P. Morgan, end quote, have an actual or perceived economic or other incentive in its management of our clients portfolios to act in a way that benefits J.P. Morgan. Conflicts will result, for example, to the extent the following activities are permitted in your account, 1, when J.P. Morgan invests in an investment product, such as a mutual fund, structured product, separately managed account or hedge fund issued or managed by J.P. Morgan Chase Bank, N.A., or an affiliate, such as J.P. Morgan Investment Management Inc., 2, when a J.P. Morgan entity obtains services, including trade execution and trade clearing, from an affiliate, 3, when J.P. Morgan receives payment as a result of purchasing an investment product for a client’s account, or 4, when J.P. Morgan receives payment for providing services, including shareholder servicing, recordkeeping or custody, with respect to investment products purchased for a client’s portfolio. Other conflicts will result because of relationships that J.P. Morgan has with other clients or when J.P. Morgan acts for its own account.
Nothing in this document shall be construed as giving rise to any duty of care owed to, or advisory relationship with, you or any third party. Nothing in this document shall be regarded as an offer, solicitation, recommendation or advice, whether financial, accounting, legal, tax or other, given by J.P. Morgan and or its officers or employees, irrespective of whether or not such communication was given at your request. J.P. Morgan and its affiliates and employees do not provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any financial transactions.
Investment strategies are selected from both J.P. Morgan and third party asset managers and are subject to a review process by our manager research teams. From this pool of strategies, our portfolio construction teams select those strategies we believe fit our asset allocation goals and forward looking views in order to meet the portfolio’s investment objective.
As a general matter, we prefer J.P. Morgan managed strategies. We expect the proportion of J.P. Morgan managed strategies will be high, in fact, up to 100 percent, in strategies such as, for example, cash and high quality fixed income, subject to applicable law and any account specific considerations.
While our internally managed strategies generally align well with our forward looking views, and we are familiar with the investment processes as well as the risk and compliance philosophy of the firm, it is important to note that J.P. Morgan receives more overall fees when internally managed strategies are included. We offer the option of choosing to exclude J.P. Morgan managed strategies, other than cash and liquidity products, in certain portfolios.
The Six Circles Funds are U.S. registered mutual funds managed by J.P. Morgan and sub advised by third parties. Although considered internally managed strategies, J.P.M.C. does not retain a fee for fund management or other fund services.
In the United States, bank deposit accounts and related services, such as checking, savings, and bank lending, are offered by J.P. Morgan Chase Bank, N.A. Member F.D.I.C.
J.P. Morgan Chase Bank, N.A., and its affiliates, collectively, quote, J.P.M.C.B., end quote, offer investment products, which may include bank managed investment accounts and custody, as part of its trust and fiduciary services. Other investment products and services, such as brokerage and advisory accounts, are offered through J.P. Morgan Securities LLC, quote, J.P.M.S., end quote, a member of F.I.N.R.A. and S.P.I.C. Insurance products are made available through Chase Insurance Agency, Inc., C.I.A., a licensed insurance agency, doing business as Chase Insurance Agency Services Inc. in Florida. J.P.M.C.B., J.P.M.S., and C.I.A. are affiliated companies under the common control of J.P.M. Products not available in all states.
In Germany, this material is issued by J.P. Morgan S.E., with its registered office at Taunustor 1, Taunus Turm, 6 0 3 1 0 Frankfurt am Main, Germany, authorized by the Bundesanstalt and jointly supervised by the BaFin, the German Central Bank, and the European Central Bank. In Luxembourg, this material is issued by J.P. Morgan S.E., Luxembourg Branch, with registered office at the European Bank and Business Center and jointly supervised by the BaFin, the German Central Bank, and the European Central Bank.
In the United Kingdom, this material is issued by J.P. Morgan S.E., London Branch, authorized by the BaFin, and jointly supervised by the BaFin, the German Central Bank, and the European Central Bank. J.P. Morgan S.E., London Branch, is also supervised by the Financial Conduct Authority and Prudential Regulation Authority.
In Spain, this material is distributed by J.P. Morgan S.E., Sucursal en Espana, with registered office in Madrid, authorized by the BaFin, and jointly supervised by the BaFin, the German Central Bank, and the European Central Bank. It is also supervised by the Spanish Securities Market Commission, registered with Bank of Spain as a branch of J.P. Morgan S.E. under code 1 5 6 7.
In Italy, this material is distributed by J.P. Morgan S.E. Milan Branch, authorized by the BaFin, and jointly supervised by the BaFin, the German Central Bank, and the European Central Bank. It is also supervised by the Bank of Italy and registered there under code 8 0 7 5.
In the Netherlands, this material is distributed by J.P. Morgan S.E., Amsterdam Branch, with registered office at World Trade Center, authorized by the BaFin, and jointly supervised by the BaFin, the German Central Bank, and the European Central Bank. It is also supervised by the D.N.B. and the A.F.M.
In Greece, this material is distributed by J.P. Morgan S.E. Athens Branch. In France, this material is distributed by J.P. Morgan Chase Bank, N.A., Paris Branch. In Switzerland, this material is distributed by J.P. Morgan S.A., in Geneva, Switzerland, which is authorized and supervised by the Swiss Financial Market Supervisory Authority as a bank and a securities dealer in Switzerland.
In Denmark, this material is distributed by J.P. Morgan S.E. Copenhagen Branch. In Sweden, this material is distributed by J.P. Morgan S.E. Stockholm Bankfillial. In Belgium, this material is distributed by J.P. Morgan S.E., Brussels Branch.
This communication is an advertisement for the purposes of the Markets in Financial Instruments Directive and the Swiss Financial Services Act. Investors should not subscribe for or purchase any financial instruments referred to in this advertisement except on the basis of information contained in any applicable legal documentation, which is or shall be made available in the relevant jurisdictions as required.
In Hong Kong, this material is distributed by J.P.M.C.B., Hong Kong Branch. In Singapore, this material is distributed by J.P.M.C.B., Singapore Branch, which is regulated by the Monetary Authority of Singapore. For materials which constitute product advertisement under the Securities and Futures Act, this advertisement has not been reviewed by the Monetary Authority of Singapore. J.P. Morgan Chase Bank, N.A., a national banking association chartered under the laws of the United States, and as a body corporate, is shareholder’s liability is limited.
With respect to countries in Latin America, the distribution of this material may be restricted in some jurisdictions. To the extend this content makes reference to a fund, the Fund may not be publicly offered in any Latin American country, without previous registration of such fund’s securities in compliance with the laws of the corresponding jurisdiction.
J.P. Morgan Chase Bank, N.A., is regulated by the Australian Securities and Investment Commission and the Australian Prudential Regulation Authority. Please inform us if you are not a wholesale Client now of if you cease to be a Wholesale Client at any time in the future.
J.P.M.S. is a registered foreign company, overseas, incorporates in Delaware, U.S.A. J.P.M.S. is exempt from the requirement to hold an A.F.S.L. under the Corporations Act 2001 in respect of financial service it provides to you, and is regulated by the S.E.C., F.I.N.R.A., and C.F.T.C. under U.S. laws, which differ from Australian laws. Material provided by J.P.M.S. in Australia is to, quote, wholesale clients, end quote, only.
This material has not been prepared specifically for Australian investors. It may contain references to dollar amounts which are not Australian dollars. It may contain financial information which is not prepared in accordance with Australian law or practices. It may not address risks associated with investment in foreign currency denominated investments, and does not address Australian tax issues.
References to, quote, J.P. Morgan, end quote, are to J.P.M., its subsidiaries and affiliates worldwide. Quote, J.P. Morgan Private Bank, end quote, is the brand name for the private banking business conducted by J.P.M. This material is intended for your personal use and should not be circulated to or used by any other person, or duplicated for non personal use, without our permission. If you have any questions or no longer wish to receive these communications, please contact your J.P. Morgan team.
Copyright 2023, J.P. Morgan Chase and Company. All rights reserved.
Legacy and reach
With a legacy that spans over 150 years and a global team of over 400 professionals, we’re accustomed to the complex, and we’re investing in the future with technological innovation and geographic expansion.
This chart includes a breakdown of our Trusts & Estates team by the numbers. We have almost $270 billion in trust and estate assets, 37 locations across the United States, Singapore and The Bahamas, over 150 years of experience in the trust industry, and over 12 years of average experience per trust and estate officer. This data is approximated and as of March 2024.
As trustee or executor, our responsibilities include investments in accordance with trust objectives, interpretation of trust terms, making distributions, communicating with beneficiaries, preparing taxes and keeping records.
How we can work with you and your clients
- Trustee/Executor: We have sole responsibility for investments or distributions
- Co-Trustee/Executor: Share responsibility for investments and distributions with one or more individuals
- Directed Trustee: Individual or third party is appointed to control investments and distributions. We typically serve as Delaware directed trustee
- Agent for Trustee/Executor/Foundation: We are engaged to take on select responsibilities
As of March 31, 2024.
The value of experience
If you have clients with nontraditional assets, we will support them with our decades of complex fiduciary experience and one of the world’s largest teams. We understand the day-to-day operational challenges of various asset types and can offer your client strategic and time- and cost-saving advice. See below for some examples of our work.
Examples of our specialty asset work
Real Estate
Manage over 600 properties valued at approximately $1 billion
Mineral Assets
Manage over 70,000 mineral assets across the United States
Private Business
Manage over $5 billion in approximately 700 privately held investments
Private Foundations and Grants Management
Support over 400 family foundations and oversee nearly 10,000 grant requests annually
As of March 31, 2024.
You may have clients with assets and family members across borders. Our diverse group of dedicated professionals are located around the globe, with approximately 20 languages spoken on the team. We’ll collaborate with you and your client to tailor strategies to their home country, or to craft multijurisdictional solutions that consider the global reach of their portfolio. As a global team that serves beneficiaries in over 90 different countries, we are ready to help your client meet their goals with trust companies located in Delaware, The Bahamas and Singapore.
Our Leadership Team
Adam Clark
Global Head of Trusts & Estates
Martin Pollock
Head of International Trust Services and the Singapore Trust Company
There can be no assurance that the professionals currently employed by J.P. Morgan will continue to be employed by J.P. Morgan or that the past performance or success of any such professional serves as an indicator of such professional’s future performance or success.
Bringing legacies to life
Our collaborative approach begins with understanding your clients’ goals and ensuring their intentions are followed. We know we share these priorities with you—along with a deep commitment to providing an exceptional experience. For these reasons, we are confident that we can build on our successes together. Even the most perfectly drafted plan is only as effective as its execution. Earning your trust is an essential objective.
Expanded networks
Through mutual connections with clients and influencers, satisfaction with our service will grow—as will referrals
Industry insights
You and your clients will have access to J.P. Morgan Private Bank’s global capabilities, such as our thought leadership, market outlooks and ideas.
Communication and education
Together, we work with clients to facilitate sensitive conversations with family members and educate them on the options available.
Distinguished events
Let’s work together to develop events to engage with clients and prospects, sharing our market views and value propositions.
Innovation, vision, integrity
Your clients need advisors with a strong foundation, as well as a vision for what’s next. We are preparing to serve our clients not only for the near future, but for generations to come. To that end, we’re investing in technologies such as artificial intelligence, digital client portals and enhanced character recognition to create a better client experience. Innovations like these also increase the efficiency and consistency of our work, creating opportunities to engage more deeply with families.
Recent Events and Engagements:
- Served as a Platinum sponsor of the 2024 American College of Trust and Estate Counsel Annual Meeting, held in March, and hosted a cocktail reception to connect with Professional Advisors
- Kelly Perez presented on Carried Interests and Qualified Opportunity Zones to the Dallas Estate Planning Council on February 1, 2024
- In January 2024, Raquel Porter and Cindy Tolan (Estate Settlement), Katie Katz (Wealth Advisor), Jeff Milligan (CHAM) and Kristi Christ (Michigan Trust Officer) presented to multiple top Southeast Michigan law firms on our Trust, Estate Settlement, and Closely Held Asset Management capabilities
- Regan Bohnert (Trust Officer), Kristine Madzia (Trust Officer) and the Columbus J.P. Morgan Private Bank team hosted a luncheon for the Roetzel Law Firm trust and estate attorneys in Columbus, OH, in January 2024
- Hosted a cocktail reception and luncheon during the 58th Annual Heckerling Institute on Estate Planning Conference, held in Orlando in January 2024
- Regan Bohnert (Trust Officer) and the Cincinnati J.P. Morgan Private Bank team hosted a luncheon for the Dinsmore & Scholl Law Firm trust and estate attorneys in Lexington, KY, in November 2023
- Bruce Glor (Trust Officer) represented J.P. Morgan and was the Emcee of the Salvation Army’s Red Shield Symposium, Annual Estate and Charitable Planning Institute in Indianapolis in October 2023, with 90 attendees, including T&E attorneys, CPAs, CFPs, licensed Financial Advisors and Trust Officers
- On March 14, 2023, Danielle Kiss, Carlos Battle and Angela Carrillo spoke at the Collier County Bar Association in Naples, FL, on Letters of Wishes
- Anita Sarafa (Wealth Advisory Midwest Team Lead) was awarded the Chicago Estate Planning Council Austin Fleming Distinguished Service Award, recognizing individuals who have made significant contributions to the improvement of estate planning practices
- Carlos Batlle (Wealth Advisor), Miami PB Bankers and Angela Carrillo (Trust Officer) hosted Kaufman Rossin, a CPA and Advisory Professionals firm, for a wine tasting
Insights
Access the J.P. Morgan Trusts & Estates Forms Book
Our goal is to make the trusts and estates process as easy as possible for both you and your clients. Download the forms book to access provisions to be considered as you work with your clients in naming J.P. Morgan as trustee or executor. Additional onboarding checklists are also available to provide you with some of the core information we will need from you and your client to accept trustee or executor appointments.
