J.P. Morgan Securities: AUM & Ownership

Clients

J.P. Morgan Securities serves 1,246,646 clients, 356,866 of them high-net-worth individuals. The average client has about $345,000 with the firm, and high-net-worth clients hold 58% of its $429.7 billion in assets.

Regulatory assets by client type

Individuals877,306 clients33%
High-net-worth individuals356,866 clients58%
Corporations and other businesses8,977 clients6%
OtherPension and profit-sharing plans, Charitable organizations, Insurance companies, Other2%

Show client breakdown

Client type	Clients	Regulatory AUM	Share	Avg. per client
Individuals (other than HNW)	877,306	$141,826,923,251	33.0%	$162K
High-net-worth individuals	356,866	$251,110,514,971	58.4%	$704K
Pension and profit-sharing plans	2,559	$2,839,224,355	0.7%	$1.11M
Charitable organizations	928	$6,275,478,271	1.5%	$6.76M
Insurance companies	9	$21,489,909	0.0%	$2.39M
Corporations and other businesses	8,977	$27,620,523,120	6.4%	$3.08M
Other	1	$337,165	0.0%	$337K
Total	1,246,646	$429,694,491,042	100%	$345K

Individuals (other than HNW)

Clients: 877,306
Regulatory AUM: $141,826,923,251
Share: 33.0%
Avg. per client: $162K

High-net-worth individuals

Clients: 356,866
Regulatory AUM: $251,110,514,971
Share: 58.4%
Avg. per client: $704K

Pension and profit-sharing plans

Clients: 2,559
Regulatory AUM: $2,839,224,355
Share: 0.7%
Avg. per client: $1.11M

Charitable organizations

Clients: 928
Regulatory AUM: $6,275,478,271
Share: 1.5%
Avg. per client: $6.76M

Insurance companies

Clients: 9
Regulatory AUM: $21,489,909
Share: 0.0%
Avg. per client: $2.39M

Corporations and other businesses

Clients: 8,977
Regulatory AUM: $27,620,523,120
Share: 6.4%
Avg. per client: $3.08M

Other

Clients: 1
Regulatory AUM: $337,165
Share: 0.0%
Avg. per client: $337K

Total

Clients: 1,246,646
Regulatory AUM: $429,694,491,042
Share: 100%
Avg. per client: $345K

What it does

J.P. Morgan Securities provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting and selecting other managers. It is paid through a percentage of assets and other arrangements.

J.P. Morgan Securities provided financial planning to 53,000 clients last fiscal year and advises no private funds.

83.4% of assets ($358.30B across 1,083,815 accounts) are managed with discretion; $71.40B across 162,831 accounts are not. $446.84B sits in a wrap fee program the firm both sponsors and manages. 1% of clients are outside the U.S., and 407,036 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end

Stocks23%
Funds62%
Bonds12%
Cash2%

Filed values cover 99%. The neutral 1% gap has no reported category.

Custodians

J.P. Morgan Securities’ client accounts are held mainly at J.P. Morgan, with 75% of managed assets. J.P. Morgan Securities has custody of $607.93B for 1,727,010 clients.

Managed account assets by custodian

J.P. MorganJ.P. Morgan Securities LLC · New York, NY · $321.02B75%
All other custodians$108.68B25%

Ownership and leadership

J.P. Morgan Broker-Dealer Holdings Inc. owns 75% or more of J.P. Morgan Securities.

Who owns the firm

J.P. Morgan Securities LLC· the adviser

J.P. Morgan Broker-Dealer Holdings Inc.
Control person · since September 2010
Owns 75% or more of J.P. Morgan Securities LLC
- Jpmorgan Chase Holdings LLC
  Control person · since November 2016
  Owns 75% or more of J.P. Morgan Broker-Dealer Holdings Inc.
  - JP Morgan Chase & Co.
    Control person · since November 2016
    Owns 75% or more of Jpmorgan Chase Holdings LLC

Leadership

Thomas Michael Balas
Chief Financial Officer
Roger Klion
Chief Operating Officer
Michael Choi
Chief Compliance Officer - Registered Investment Adviser
David S Villwock
Chief Compliance Officer - Broker Dealer
David Aidelson
Chief Legal Officer
Rachid Alaoui Abdallaoui
CEO, Chair, Elected Manager
Brian J Bisesi
Elected Manager
Mollie Colavita
Elected Manager
Patrick Paul Dempsey
Treasurer
Adam F Englander
Elected Manager
Kevin J Foley
Elected Manager
Carrie McCrum
Elected Manager
Matthew D Sable
Elected Manager
Eric D. Tepper
Elected Manager
Paul Vienick
Elected Manager

Staff

8,703 employees
8,479 in advisory functions
8,479 state-registered reps
8,513 broker-dealer reps
7,066 insurance agents
10 soliciting firms

Fees

J.P. Morgan Securities is paid through a percentage of assets under management and other.

J.P. Morgan Securities’ fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, J.P. Morgan Securities has 3,566 offices, with 26 listed addresses across 9 states.

Listed office addresses by state

New York · 5 listed addresses

270 Park Avenue, New YorkHQ
277 Park Avenue, New York
925 Westchester Avenue, White Plains
1230 Avenue of the Americas, New York
390 Madison Ave, New York

Other business names

J.P. Morgan Securities has reported 3 other business names to the SEC.

J.P. Morgan
J.P. Morgan Private Client
J.P. Morgan Wealth Management

Registration details

Legal name: J.P. Morgan Securities LLC
Headquarters: 270 Park Avenue, New York, NY 10017
Phone: 800-999-2000
Website: www.jpmorgan.com
SEC file: 801-3702
Structure: Delaware LLC
Fiscal year end: December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does J.P. Morgan Securities have?

J.P. Morgan Securities has 1,246,646 clients and manages $429.7 billion for them, as of September 2026. They include 877,306 other individuals, 356,866 high-net-worth individuals and 8,977 corporations and other businesses.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 September 2026

What services does J.P. Morgan Securities offer?

J.P. Morgan Securities provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting and selecting other managers.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does J.P. Morgan Securities use?

J.P. Morgan Securities’ separately managed account assets are held at J.P. Morgan Securities LLC (New York, NY), with $321,015,138,657. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 September 2026

How many financial advisors does J.P. Morgan Securities have?

J.P. Morgan Securities has 8,479 investment adviser representatives registered with state securities authorities, out of 8,703 employees, and 8,479 perform investment advisory functions. 8,513 are registered representatives of a broker-dealer and 7,066 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does J.P. Morgan Securities invest in?

At the end of its last fiscal year, J.P. Morgan Securities’ separately managed accounts held 62% registered funds (mutual funds, ETFs, BDCs), 23% exchange-traded equities, 12% state and local bonds and 2% cash and equivalents. It advises no private funds of its own.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns J.P. Morgan Securities?

J.P. Morgan Securities is owned through a chain of holding companies by JP Morgan Chase & Co. Its direct owner is J.P. Morgan Broker-Dealer Holdings Inc. (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 30 September 2026

How does J.P. Morgan Securities get paid?

J.P. Morgan Securities is paid through a percentage of assets under management and other arrangements. Its Form ADV lists no commissions or performance-based fees among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file