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J.P. Morgan Private Investments Inc. (New York)


J.P. Morgan Private Investments Inc. is a large advisory firm based in New York. It manages $134.84 billion of regulatory assets for 620,711 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

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J.P. Morgan Private Investments provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

J.P. Morgan Private Investments: assets under management

The assets under management (AUM) of J.P. Morgan Private Investments Inc. is $134.84 billion. The firm's AUM has grown by 8793% since the beginning of its operation, and $3.17 billion of the total AUM is attributable to clients outside of the United States.


The firm manages $111.17 billion in discretionary accounts and $23.66 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $215.68 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $224.78 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 90% of the total AUM. The second-largest asset type is exchange traded securities, which make up 4% of the firm’s portfolio. Investments in state and local bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay J.P. Morgan Private Investments Inc. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Glenn Joseph Hill serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Glenn Joseph Hill is individuals with 500,262 clients and $65.37 billion of assets under management. Among the 9 most similar advisory firms, J.P. Morgan Private Investments has the highest percentage of individuals out of all clients.


The amount of regulatory assets under management is $134.84 billion for 620,712 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

J.P. Morgan Private Investments also advises several private funds. Namely, one hedge fund, eight real estate funds, two other private funds, and thirty six private equity funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $10,000,000.

Careers at J.P. Morgan Private Investments Inc.

The company employs 642 people that are either part- or full-time employees. 14 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Glenn Joseph Hill has been acting as President since 1 Mar 2010. Michael Joseph Chiaravalloti joined the executive team most recently as the Director.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Alexander Gregory Zaharoff Director and vice president 1 Nov 1991 Other 4364151
Andrew Eugene Craighead President and director 1 Jul 1997 Other 2553263
Madeleine Brigitte Maillet Director and vice president 1 Jul 1997 Other 2553254
Gerald J Ronayne Director 1 Jul 1997 Other 3081939
Lisa Mcfadden Controller 1 Jul 1997 Other 4364644
Gerald Jack Ronayne Director 1 Jul 1997 Other 3081939
Gordon Blackford Fowler Director and vice president 1 Apr 1999 Other 1903183
Patrick L Degraca Vice president & coo 1 Jul 2000 Other 1900682
Yejoteworq Kassa Secretary and chief legal officer 1 Oct 2000 Other 4364152
J.P. Morgan Chase & Co. Shareholder 1 Jan 2001 75% - 100% 13-2624428
J.P. Morgan Chase& Co. Shareholder 1 Jan 2001 75% - 100% 13-2624428
Vishal V Thakkar Chief financial officer 1 Aug 2001 Other 6178372
Teresa Ann Coleman Chief financial officer 1 Oct 2001 Other 4480257
Alan Kent Halfenger Vice president and chief compliance officer 1 Jan 2002 Other 1715234
James A Alexander Chief financial officer 1 Feb 2003 Other 4265466
Stephanie Drescher Director and vice president 1 Apr 2003 Other 3055145
Anna Kim Assistant secretary & chief legal officer 1 Oct 2003 Other 4783148
Carrie Lee Controller 1 Oct 2003 Other 4783284
Glenn Joseph Hill Vice president 1 Apr 2004 Other 3111390
William Edward Bulmer Chief financial officer 1 Sep 2004 Other 1128947
Ann Marie Mannion Vice president and chief compliance officer 1 Mar 2005 Other 4352473
Matthew Andrew Favuzza Vice president and chief financial officer 1 Mar 2005 Other 1788755
Rori Janine Mandile Controller 1 Mar 2005 Other 1818064
Todd S. Lehner Chief financial officer 1 Mar 2005 Other 5314928
Rose Marie Burke Assistant secretary and chief legal officer 1 Jul 2005 Other 5014057
Martha J. Leighton Director and vice president 1 Jul 2005 Other 4971297
Rose Burke Assistant secretary and chief legal officer 1 Jul 2005 Other 5014057
Martha Jane Leighton Director and vice president 1 Jul 2005 Other 4971297
Scott E. Kloin Vice president, chief compliance officer 1 Jan 2006 Other 4971326
Thomas C Mc Graw Director 1 Sep 2006 Other 5314931
Douglas Clark Wurth Director 1 Sep 2006 Other 2937948
William Marcus Sheridan Director 1 Sep 2006 Other 3088628
Ann Marie Mannion Vice president, chief compliance officer 1 Oct 2006 Other 4352473
Ann Marie Mannion Vice president, chief compliance officer 1 Nov 2006 Other 4352473
Karina Petras Controller 1 Nov 2007 Other 5512801
Simon Paul Levine Vice president, asst. gen counsel, and chief compliance officer 1 Sep 2008 Other 2629083
David Edward Wezdenko Director 1 Jan 2009 Other 5076376
Richard Charles Madigan Managing director and portfolio manager 1 Oct 2009 Other 2446433
Glenn Joseph Hill President 1 Mar 2010 Other 3111390
Michael C Raczynski Executive director & chief compliance officer 1 Mar 2010 Other 5774793
Jonathan A Shelon Managing director and portfolio manager 1 Jun 2012 Other 5538856
Yejoteworq Kassa Director 1 Jan 2013 Other 4364152
Robert Jay Klein Director 1 Jan 2014 Other 3035592
Laura Ann Pantaleo Director 1 Feb 2015 Other 1501065
Mark Padley Director 1 Feb 2015 Other 6496403
Lisa Marie Belle Managing director and chief compliance officer 1 Oct 2015 Other 5409251
Michael Choi Chief compliance officer 1 Dec 2015 Other 6597789
Seth Perry Bernstein Director 1 Apr 2016 Other 2025891
Mary Elizabeth Savino Director and head of investment advisory 1 Apr 2016 Other 1534950
Jpmorgan Chase Holdings Llc Shareholder 1 Oct 2016 75% - 100% 81-3858870
Michael Joseph Chiaravalloti Director 1 Aug 2017 Other 5099998
James Roger Walker Director 1 Aug 2017 Other 2751022

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
J.P. Morgan Chase & Co. Shareholder 1 Oct 2016 75% - 100% 13-2624428

Based in New York

The principal office where J.P. Morgan Private Investments Inc. performs its advisory services is located at 383 Madison Avenue, New York, NY 10179 0001 The mailing address of the firm is 277 Park Avenue, New York, NY 10172. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-464-2070. The normal business hours are 9 am -5 pm on Monday - Friday. You can find more information about the New York firm at jpmorgan.com.


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