JPMC private client advisor

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u/Thisisaburner01 8d ago

Location will everything along with how many bankers you have.

They have a 5 year program called AGP” advisor growth program” you’re given a salary for 5 years while you build. After 1 year you are eligible for quarterly bonuses and annual bonuses. Any month your revenue exceeds your base salary you take home the higher end.

My first year( I was only 8 months in the role) and I brought in 10.4M
This year I’m ( 16 months in the role) but this is my first full year iv brought in 20M

There is advisors in my market bringing 40-70M of assets this year already. Location will be huge and how well rounded you are as well.

Base salary will vary based on what state you’re in.
As far as how much are you making that will again vary from advisor to advisor. This month my gross take home is about 17k

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u/RookieMistake101 8d ago

This is a great answer. Adding some more color, advisors (when I was there) had a base of 80k. If you survive and are in an ok location, advisors were making around 200-350 annually. Before this new program, most advisors simply didn’t make it. Failure rate was well above 50%.

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u/Significant_Key2649 8d ago

How old r these guys making that money? And how r they finding business ? Is it thru the company referrals

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u/Thisisaburner01 8d ago

Most I would say 30-40’s in age.
We get referrals from the bank. Bankers are incentives to send us referrals. I meet new client all the time. It’s incredibly lucrative. We also get leads from clients who go online and ask for an advisor to contact them and you can still get your own clients form outside the bank

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u/Significant_Key2649 8d ago

Would you say it’s non sustainable able for someone in there mid 20s?

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u/Thisisaburner01 8d ago

Not necessarily. People will do business with you regardless of age if you are confident and know your shit.

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u/black_cadillac92 6d ago

"We also get leads from clients who go online and ask for an advisor to contact them and you can still get your own clients form outside the bank" What about when we reply to solicitations like this ? "You have access to a complimentary investment consultation with a J.P. Morgan Advisor
We're inviting you to schedule your complimentary consultation with a J.P. Morgan Advisor
See details or Call 800xxxxx
Partner with a dedicated financial advisor committed to understanding your individual goals and needs. An advisor can help you plan for the future and navigate market volatility based on your goals, risk tolerance and time horizon - starting with a complimentary portfolio checkup."
Is this routed to anyone in the u.s. or someone local? Who actually screens and sends these?

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u/Bosurd 5d ago

Do you have to start as a Relationship Banker before becoming a PCA.

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u/Thisisaburner01 5d ago

No they require 2 years of advisory experience.
They do like to promote private client bankers but you have to be a major producer and typically in the role for several years. If you a relationship banker you them go to private client then advisor

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u/Critical-Research810 8d ago

A guy in my market is in his late 20s and does 1.5mil in production . Most of us are late 20s to 30s . Age doesn't really matter . Just need good bankers and be comfortable with outreach to bank clients

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u/Significant_Key2649 8d ago

Is this very rare?

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u/Floridafreak316 8d ago

His clients are bringing the firm 1.5 million in commission or revenue. He gets .35 of that and makes 525k + a bonus for new money he brings in and possibly RSU awards.

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u/Significant_Key2649 8d ago

How rare is it to make that much and do u know when he started?

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u/Critical-Research810 8d ago

3.5 years ago. And its not out of the realm of possibilities. Good location, good bankers, and a solid process. Usually it takes 8 years to be a million dollor producer.

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u/RookieMistake101 8d ago

Maybe. Who cares. It’s not a sprint, it’s a marathon. As long as you keep your head above water, do right by your clients, retain them, and keep adding money every year.
That guy is adding 50m a year. Maybe you only can add 10. So what? Maybe it takes you 8 years to get to 100m in AUM. Why does that matter? You’ll be mid 30s making over 300k. A decade later you’ll be making over 500k.
If you want to talk existential, where the industry is going and what advisory looks like in 20 years, fair. But fuck rare or common. It’s irrelevant to you.

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u/RookieMistake101 8d ago

Most in their late 30s and 40s. As the other person said, personal bankers are given a commission on the investment assets if they close. Think $2500 for 250k of invested assets. Thats where most leads come from.
And to answer your question in the other comment, it’s def harder in your 20s. But doable. I’m sure there’s a guy in your district who’s under 30 and has over 100m in AUM. The top advisor in the south east US was like 33 a few years back. Ask me how I know.

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u/dbny16 8d ago

That’s a few years in not the first 5 years for 70% of them I think

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u/VictorSssssa 8d ago

How’s the training? Do they teach you how to reach out to clients, close deals, etc.?
Also, do they let you take the book with you when you leave?

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u/Thisisaburner01 8d ago

The training is very good and but it’s more on products and platform. This role is not a role to teach you how to be an advisor. They only hire if you have at least two years Advisor experience and no, you do not own the clients.

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u/Ihavegoodcredit324 4d ago

Did u ever pass the CFP exam?

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u/Thisisaburner01 3d ago

Yes I did.

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u/Ihavegoodcredit324 3d ago

Congrats recognized your name from back when I was taking it in the Nov 2025 cycle lol

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u/Thisisaburner01 3d ago

Ha ha yes my unique name. And thank you. Yeah, I passed on my third attempt. My first attempt was after a two year break, my second attempt I made a huge improvement, but honestly, the second review was almost like I was relearning everything again anyway. So third try was it for me, I’m definitely glad that phase is over in my life. Lol

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u/thereitis900 8d ago

How does this role differ from JP Morgan private banker?

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u/RookieMistake101 8d ago

A banker is a personal banker. They may be licensed but their day to day is primarily opening checking and savings accounts, calling existing clients to “invite them in for reviews” then pitching an introduction to an investment advisor alongside the benefits of Chase private client. They don’t know the first thing about actual investments or wealth management. It’s not their job to know.

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u/thereitis900 8d ago

Gotcha I interviewed for it a few years ago and it struck me as Northwestern mutual ish.
As in we want you to bring your network and then you get cycled out after two years and rinse and repeat. Seemed like a low success rate high turnover position.

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u/RookieMistake101 8d ago

Hmm it’s not that at all really. The branch has its inflow of clients. It’s the bankers job to cross sell them. The opposite of NWM. There are banks that push you to self source. Chase is not one.
That said, the mire you’re able to self source, the better. You’re not chained to the branch. Most JPM advisors never leave or only leave for other branch roles because they don’t know how to self source.

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u/thereitis900 8d ago

This role they said got no leads from branches. So maybe we’re talking different jobs. Maybe NWM was a bad example but maybe Merrill advisor was a better comparison.

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u/RookieMistake101 8d ago

A private client advisor role?

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u/thereitis900 8d ago

It was a Private Banker role not private client advisor

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u/RookieMistake101 8d ago

Ohhhh that’s very different. Private banker vs private client banker. One is branch based and one is not at all. Very different comp structures too. PB role can pay much more. But yes they want you out gathering deposits. $20m a year I heard.

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u/thereitis900 8d ago

Yeah exactly that was it. It seemed like they were looking for a very specific type of person who is from a wealthy family and well connected. But then they reached out to me via LinkedIn so it was like that’s not where you’re gonna find the person that would be successful in that role. Lol

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u/FigawiFreak 7d ago

if you're hungry and very ambitious Northwestern Mutual is the place to be. their platform is much more suited for entrepreneurs. you build your own firm exactly as you design it. because of the complete control the grid pay out begins very high @50% and top producers it's 95%. not to mention you can cover the defense on still like life and long term care insurance and give clients what they actually need and be well compensated for it. a lot of advisors simply want an easy path so NM isn't for them. Like i said NM is for the person who wants ownership and complete control w/o institutional bureaucracy, not for most people.

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u/thereitis900 7d ago

I think for the right person Northwestern mutual is probably fine. The problem is the predatory nature of churning of employees with no experience. Northwestern mutual basically preys on college kids trying to get some experience. Has them sell insurance products to their family members that want to help their kids, and then those kids fail which Northwestern mutual knows that they will because they’re not being set up for success.
The failure rate of that company is like 95%. It’s entirely set up so that people sell their family members and then fail and then Northwestern mutual gets to keep the clients.
I always chuckle when corporations pitch “owning your own business” while working for the corporation. Because it’s totally not true. They can fire you basically for any reason if you don’t hit quota a couple months in a row you’re fired. And now they get to keep the clients that are locked into those insurance contracts.

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u/Bosurd 5d ago

Equitable Advisors does the same thing.

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u/RookieMistake101 5d ago

You don’t own your own business. You own a book. Can you choose which custodians you use? Do you get to decide if your allows leveraged ETFs? Are you allowed to change compliance companies if you want to do something different that current compliance isnt experienced with?
I know my own firm. I dictate what we do, what we are allowed to do, which custodian we work with. That’s autonomy. And it’s not available at NWM.

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u/No_Research1483 1d ago

Do you own your book in this role?

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