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JPMorgan wealth and asset management unit on M&A, hiring, US expansion - Business Insider

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Jamie Dimon says JPMorgan will be 'much more aggressive' on acquisitions just days after Morgan Stanley revealed plans to buy E-Trade

Industry dynamics like investors plowing money into passive investments, rock-bottom customer fees, "mid-tier managers being squeezed,'" and operating in the late innings of a historically long bull market are all conditions that JPMorgan flagged as advantageous to M&A right now. Pedro Fiúza/NurPhoto via Getty Images

The firm's hiring plans encompass both financial advisers and other investment professionals. Globally,has around 1,000 investment specialists across asset management, and 6,500 wealth advisers. In the US, it has some 3,700 advisers across 5,000 branches.

 

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