1/8/12

Does anybody know exactly what the JP Morgan Securities llc does? Is it PWM, asset management, something else? I searched and couldn't find anything conclusive

Thanks

Comments (6)

1/8/12

Is it just S&T?

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1/8/12

I could be wrong, but I think it houses their Prime Brokerage business. Perhaps PWM as well.

1/8/12

I think JWR34 is right but i'm not 100% sure.

XX

1/8/12

JPM Securities is heritage Bear Stearns PWM. JPM has their own PB/PWM, but the business model is vastly different than heritage Bear Stearns PWM (intergrated team vs. old school brokers). Bear PWM brokers did not want to change to how JPM did business and since the bear brokers were highly successful (and brought in a nice chunck of revenue), JPM management decided to not mess with what isn't broken.

1/8/12

thanks guys

1/8/12
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