Company: J-P-Morgan
Date: 2017-03-28
Overall rating: 1/5
Employment status: current
Experience level: Junior

Chase Private Client Advisor
Pros: Many locations across the country, technologically well-equipped platform, good back office support, you can meet some good employees that can make your day better. Benefits are ok, although several years ago were much better.
Cons: Base pay is somewhere between the lowest and avg in the industry, incentive plan continues to change for the worse (banking and brokerage), huge level of nepotism to older advisors (maybe 5% of all advisors on the platform) since their annual revenues are somewhat high, however, they have been with the company for 15+ years. You don't get a feeling that the management cares much, because you can't have real and honest conversations. If you are thinking about joining this firm, make sure you understand how politics work, fighting, literally fighting between the bank side and the brokerage side happens daily. Although it is one firm, it does feel like each department is on its own. Performance of their managed account is among the lowest in the industry, therefore there is a huge amount of outflows. Management tends to procrastinate any decision-making in a way of passing the responsibility to another executive, so not much gets done. Moral in the offices is at its lowest, many good bankers left to other banks and you are stuck with new bankers which expect you to train and often times have 0 financial services experience.