It all starts with a deep understanding of our clients and their goals. Watch as our team in Minneapolis, including Joe Kaufman, Pilar Oppedisano, Kelly Miller, Elizabeth White and Morgan Truscott, discusses what a Private Bank relationship means to them.
Text on screen: Investment and insurance products are: • Not FDIC insured • Not insured by any federal government agency • Not a deposit or other obligation of, or guaranteed by, JP Morgan Chase Bank, N.A. or any of its affiliates • Subject to investment risks, including possible loss of the principal amount invested Please read important information at the end. Text on screen: Text appears over a city skyline cast in evening light: Local Look, Minneapolis. On screen: A man in a suit with a light blue tie speaks from office. Text on screen: Morgan Truscott Head of Investments and Advice J.P. Morgan Private Bank, Minneapolis Morgan: Our clients are looking for a relationship with a dedicated team of advisors that are committed to delivering world class service and advice. On screen: Morgan walks a modern hallway with a team of professionals. Now, a blonde woman in a light blue blazer speaks from an office. Text on screen: Kelly Miller
Executive Director, Banker
J.P. Morgan Private Bank, Minneapolis
Kelly:
Initially clients are attracted to the Private Bank because of the brand that J.P. Morgan has, but when they dive a little bit deeper into it, it's the team of people that we have here in Minnesota...
On screen:
The group of professionals, including Morgan and Kelly, chat in the lobby. Now, a man in a light blue dress shirt and navy suit jacket speaks from an office.
Text on screen:
Joe Kaufman
Vice President, Banker
J.P. Morgan Private Bank, Minneapolis
Joe:
They get the best of both worlds. They get a firm with the capabilities and the resources of J.P. Morgan ... They get the best thinking of New York, L .A., and Chicago... but they get it delivered on a personal level, right here in the Midwest.
On screen:
Joe talks on his phone as he stares out a window at Downtown Minneapolis.
Joe:
We're local, but we can still deliver a world class banking experience, but with a Midwestern accent.
On screen:
Kelly meets with a curly-haired colleague, who takes notes. Then she speaks from an office.
Kelly:
Clients are looking to work with somebody that they can trust... Everything that we do starts with the understanding of our clients, their situation, their goals, what's important to them, so that we can build a plan around them.
On screen:
A woman with long brown hair in a blue dress rides up an escalator with two clients. Then she speaks from an office.
Text on screen:
Elizabeth White
Executive Director, Banker
J.P. Morgan Private Bank, Minneapolis
Elizabeth:
These are very successful, very busy individuals, and they wanna be able to trust that their team will be proactive and make sure that they're doing the right things at the right time.
On screen:
Elizabeth sits on a rooftop terrace with her clients.
Elizabeth:
You can expect white glove service and expert strategic advice on investing, lending, banking, and estate planning...
On screen:
A woman with shoulder-length hair wears pearl earrings and a scarf as she speaks from an office.
Text on screen:
Pilar Oppedisano
Market Manager
J.P. Morgan Private Bank, Minneapolis
Pilar:
When you become a client of the Private Bank, it is like becoming part of another family. We care about the small details that matter.
On screen:
Pilar answers her phone in her office.
Pilar:
I wanna understand their children. I wanna understand the dynamics with their in-laws and with their extended family... The relationships that we forge with our clients are absolutely tremendous... and they're long- lasting.
Text on screen:
J.P. Morgan, Private Bank.
Legal Disclosures:
KEY RISKS:
This material is for informational purposes only, and may inform you of certain products and services offered by private banking businesses, part of JPMorgan Chase & Co. (“JPM”). 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.support@jpmorgan.com for assistance. Please read all Important Information. "
"GENERAL RISKS & 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/diversification does not guarantee a profit or protect against loss. Nothing in this material should be relied upon in isolation for the purpose of making an investment decision. You are urged to consider carefully whether the services, products, asset classes (e.g., equities, fixed income, alternative investments, commodities, etc.) 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/situation, contact your J.P. Morgan team. "
"NON-RELIANCE:
Certain information contained in this material is believed to be reliable; however, JPM 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/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. JPM 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 JPM, 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 circ*mstances. Forward-looking statements should not be considered as guarantees or predictions of future events. "
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.
"YOUR INVESTMENTS AND POTENTIAL CONFLICTS OF INTEREST:
Conflicts of interest will arise whenever JPMorgan Chase Bank, N.A. or any of its affiliates (together, “J.P. Morgan”) 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 JPMorgan 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. "
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.
"LEGAL ENTITY, BRAND & REGULATORY INFORMATION:
In the United States, bank deposit accounts and related services, such as checking, savings and bank lending, are offered by JPMorgan Chase Bank, N.A. Member FDIC. "
JPMorgan Chase Bank, N.A. and its affiliates (collectively “JPMCB”) 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 (“JPMS”), a member of FINRA and SIPC. Annuities are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. JPMCB, JPMS and CIA are affiliated companies under the common control of JPM. Products not available in all states.
END
Morgan Truscott:Our clients are looking for a relationship with a dedicated team of advisors that are committed to delivering world class service and advice.
Kelly Miller: Initially, clients are attracted to the private bank because of the brand that JP Morgan has, but when they dive a little bit deeper into it, it's the team of people that we have here in Minnesota.
Joe Kaufman: They get the best of both worlds. They get a firm with the capabilities and the resources of JP Morgan. They get the best thinking in New York, LA, and Chicago, but they get it delivered on a personal level right here in the Midwest or local. We can still deliver a world class banking experience, but with a Midwestern accent.
Kelly Miller: Clients are looking to work with somebody that they can trust. Everything that we do starts with our understanding of our clients, their situation, their goals, what's important to them, so that we can build a plan around them.
Elizabeth White: These are very successful, very busy individuals, and they want to be able to trust that their team will be proactive and make sure that they're doing the right things at the right time. You can expect white glove service and expert strategic advice on investing, lending, banking, and estate planning.
Pilar Oppedisan...: When you become a client of the Private Bank, it is like becoming part of another family. We care about the small details that matter. I want to understand their children. I want to understand the dynamics with their in-laws and with their extended family. The relationships that we forge with our clients are absolutely tremendous, and they're long lasting.
