Who's got the best Private Banking division on Wall Street?
If anyone is familiar with the industry, who are the top firms?
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JP Morgan Private Banking is #1.
JB Were.
The answer is that it depends on what you want, who you are and how much you have. The blanket assumption that JPM is number one really doesn't cover the gammut of banks. By precluding names like Goldman here in the states or firms like Pictet & Cie or Julius Baer in Switzerland and Duncan Lawrie or Rothschild in England, in addition to the big names we all know like CS, BAML, and UBS you lose out on some of the best firms to hold your money with. The fact is, no firm is better than each other, as most shops are relatively similar in what they do and the products they offer.
In the end, it's about who your financial advisor is, the quality of service you provide your clients and how strong the relationship is to keep you from transfering elsewhere/go with him when he jumps ship. Money is not won or lost by pitching ideas, but how you do for your clients, both in performance and advice.
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