J.P. Morgan Securities Inc. is an investment bank headquartered in New York, New York. It was founded by financial services provider JP Morgan Chase in 1985 as their wealth management division. The firm offers investment, banking, lending and financial advisory solutions to its clients. It makes investments through a variety of investment vehicles.
In 2019, JP Morgan restructured its wealth management division under the leadership of Kristin Lemkau. The firm started a new unit that targets high and ultra hight wealth individuals with assets over $25 million. In 2019, it was reported that the firm control a 1.0% share of the high-net-worth market and an 8.0% share of the “ultra-high-net-worth”.