J.P. Morgan Securities LLC

CRD#79
Investment Advisor Firm

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Overview

J.P. Morgan Securities LLC is a financial advisor company that has its headquarters in New York, New York. The firm manages $130.3 billion in assets under management across 602,419 customer accounts, placing it among the biggest firms in the nation by assets under management (AUM). It has a very large team of 7,383 employees, of which 5,516 are financial advisors. J.P. Morgan Securities LLC does not act as a registered broker-dealer, meaning the company cannot buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer firm to do so. Securities are defined as exchangable financial assets like bonds, options and stocks.

J.P. Morgan Securities LLC administers most of its accounts in a discretionary manner. Discretionary management is a structure in which transaction judgments are made by an investment advisor without requiring client approval. The company also oversees 121,192 non-discretionary accounts with a total of $32.1 billion in assets under management. J.P. Morgan Securities LLC administers an average of $215,797 in assets for each client account. The typical advisor at J.P. Morgan Securities LLC oversees around 109 client accounts.

The company's main office is located at 277 Park Avenue, New York, New York 10172. J.P. Morgan Securities LLC is registered to serve investors throughout 50 U.S. states and territories.

Assets Under Management

$130.3 billion

Number of Advisors

5,516

Disclosures

No

Office Location

277 Park Avenue
New York, NY 10172

J.P. Morgan Securities LLC by the Numbers

Total Assets Under Management

$130.3 billion

National Average: $3.3 billion
Total Number of Employees

7,383

National Average: 31
Total Number of Accounts

602,419

National Average: 1,935
Average Account Size

$216.3 thousand

National Average: $1.7 million

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Products and Services

J.P. Morgan Securities LLC offers a variety of financial services, including portfolio management for individuals and small businesses, portfolio management for institutional clients and selection of other advisers. Notably, the firm did not provide financial planning services to any of its clients in the prior financial year. J.P. Morgan Securities LLC is engaged in selling products or offering services apart from investment advice to its clients. The firm is also affiliated with one or more other service providers in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, pension consultant, real estate broker or dealer and commodity pool advisor.

Core Advisor Services

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    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 61% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 23% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Financial advisory fees depend on which services the firm provides the client. Fee types billed by the firm can include any blend of the following fee structures: asset-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the firm.

Available

  • Offered by 72% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 12% of firms

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

Unavailable

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    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 2% of firms that offer this fee type

    Commissions

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    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

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    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

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    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

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    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

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Types of Clients

J.P. Morgan Securities LLC manages money for a number of different investors. The firm provides services to retail investors, high net worth investors, pension plans, charitable organizations, insurance companies, corporations and other. Out of its 602,419 clients, J.P. Morgan Securities LLC's largest client type is retail investors, but it also caters to 106,420 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of its accounts are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 17.67%
  • Other Individuals - 81.55%
  • Corporations - 0.74%
  • Charitable Organizations - 0.04%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

J.P. Morgan Securities LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at J.P. Morgan Securities LLC

Elizabeth Hernandez
San Antonio, TX
Matthew Zacarias
Carmel, IN
Kyle Miller
Los Angeles, CA
Christopher Medaris
Denison, TX
John Bonhomme
Morristown, NJ
James Daleo
Elgin, IL
Santrea Sanders
San Antonio, TX
Joseph Adjei-Mensah
Westerville, OH
Daniel Shanks
Houston, TX

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This content was compiled from the SEC and FINRA