{"url":"https://nivawealth.com/firms/j-p-morgan-securities-79","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/79","regulatoryAum":429694491042,"crd":"79","secFileNumber":"801-3702","legalName":"J.P. Morgan Securities LLC","displayName":"J.P. Morgan Securities","website":"https://www.jpmorgan.com","linkedinUrl":"https://www.linkedin.com/showcase/jpmorganwealthmanagement/","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"270 Park Avenue","city":"New York","state":"NY","stateName":"New York","country":"United States","postalCode":"10017"},"tradeNames":["J.P. Morgan","J.P. Morgan Private Client","J.P. Morgan Wealth Management"],"registration":{"secApproved":"3 April 1965","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":8703,"advisory":8479,"brokerDealerReps":8513,"insuranceAgents":7066,"promoters":10},"aum":{"discretionary":358295849690,"discretionaryAccounts":1083815,"nonDiscretionary":71398641352,"nonDiscretionaryAccounts":162831,"wrapProgram":446842230936,"nonUsClientsPct":1,"nonAumClients":407036},"clientTypes":[{"label":"Individuals (other than HNW)","clients":877306,"regulatoryAum":141826923251},{"label":"High-net-worth individuals","clients":356866,"regulatoryAum":251110514971},{"label":"Pension and profit-sharing plans","clients":2559,"regulatoryAum":2839224355},{"label":"Charitable organizations","clients":928,"regulatoryAum":6275478271},{"label":"Insurance companies","clients":9,"regulatoryAum":21489909},{"label":"Corporations and other businesses","clients":8977,"regulatoryAum":27620523120},{"label":"Other","clients":1,"regulatoryAum":337165}],"fees":[],"feeNotes":[],"custodians":[{"name":"J.P. Morgan Securities LLC","shortName":"J.P. Morgan","location":"New York, NY","smaAssets":321015138657}],"custodyNote":"J.P. Morgan Securities has custody of $607.93B for 1,727,010 clients.","otherCustodians":[],"leadership":[{"name":"Thomas Michael Balas","title":"Chief Financial Officer","crd":"2903336"},{"name":"Roger Klion","title":"Chief Operating Officer","crd":"5082261"},{"name":"Michael Choi","title":"Chief Compliance Officer - Registered Investment Adviser","crd":"6597789"},{"name":"David S Villwock","title":"Chief Compliance Officer - Broker Dealer","crd":"8071637"},{"name":"David Aidelson","title":"Chief Legal Officer","crd":"7884539"},{"name":"Rachid Alaoui Abdallaoui","title":"CEO, Chair, Elected Manager","crd":"7122597"},{"name":"Brian J Bisesi","title":"Elected Manager","crd":"3090554"},{"name":"Mollie Colavita","title":"Elected Manager","crd":"1875615"},{"name":"Patrick Paul Dempsey","title":"Treasurer","crd":"2830362"},{"name":"Adam F Englander","title":"Elected Manager","crd":"2941059"},{"name":"Kevin J Foley","title":"Elected Manager","crd":"4012244"},{"name":"Carrie McCrum","title":"Elected Manager","crd":"7675791"},{"name":"Matthew D Sable","title":"Elected Manager","crd":"4835849"},{"name":"Eric D. Tepper","title":"Elected Manager","crd":"2242377"},{"name":"Paul Vienick","title":"Elected Manager","crd":"2212982"}],"ownership":[{"label":"J.P. Morgan Broker-Dealer Holdings Inc.","detail":"Member in the 75% or more ownership band and a control person, since September 2010."},{"label":"JP Morgan Chase & Co.","detail":"Indirect owner: a member of Jpmorgan Chase Holdings LLC in the 75% or more band and a control person, since November 2016.","parent":"Jpmorgan Chase Holdings LLC"},{"label":"Jpmorgan Chase Holdings LLC","detail":"Indirect owner: a stockholder of J.P. Morgan Broker-Dealer Holdings Inc. in the 75% or more band and a control person, since November 2016.","parent":"J.P. Morgan Broker-Dealer Holdings Inc."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":3566,"privateResidences":0},"listedOfficeAddresses":26,"officesByState":[{"state":"Arizona","offices":1,"addresses":[{"street":"150 University","city":"Tempe"}]},{"state":"California","offices":5,"addresses":[{"street":"1888 Century Park East","city":"Los Angeles"},{"street":"3 Park Plaza","city":"Irvine"},{"street":"1 Front Street","city":"San Francisco"},{"street":"560 Mission Street","city":"San Francisco"},{"street":"1888 Century Park East","city":"Los Angeles"}]},{"state":"Florida","offices":3,"addresses":[{"street":"1450 Brickell Avenue","city":"Miami"},{"street":"7255 Baymeadows Way","city":"Jacksonville"},{"street":"3825 Pga BLVD","city":"Palm Beach Gardens"}]},{"state":"Georgia","offices":2,"addresses":[{"street":"3424 Peachtree Road Ne","city":"Atlanta"},{"street":"3424 Peachtree Road Ne","city":"Atlanta"}]},{"state":"Illinois","offices":3,"addresses":[{"street":"10 S. Dearborn Street","city":"Chicago"},{"street":"21 S. Clark Street / 10  South Dearborn","city":"Chicago"},{"street":"10 S. Dearborn Street","city":"Chicago"}]},{"state":"Massachusetts","offices":2,"addresses":[{"street":"160 Federal Street","city":"Boston"},{"street":"50 Rowes Wharf","city":"Boston"}]},{"state":"New York","offices":5,"addresses":[{"street":"270 Park Avenue","city":"New York","headquarters":true},{"street":"277 Park Avenue","city":"New York"},{"street":"925 Westchester Avenue","city":"White Plains"},{"street":"1230 Avenue of the Americas","city":"New York"},{"street":"390 Madison Ave","city":"New York"}]},{"state":"Ohio","offices":2,"addresses":[{"street":"370 S, Cleveland Ave","city":"Westerville"},{"street":"1111 Polaris Parkway","city":"Columbus"}]},{"state":"Texas","offices":3,"addresses":[{"street":"100 Crescent Court","city":"Dallas"},{"street":"8181 Communications Pkwy","city":"Plano"},{"street":"20855 Stone Oak Pkwy","city":"San Antonio"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"800-999-2000","stateRegisteredReps":8479,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Other"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"53000","assetMix":[{"label":"Exchange-traded equity securities","percent":23},{"label":"U.S. state and local bonds","percent":12},{"label":"Securities issued by registered investment companies or business development companies","percent":62},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":0},"sources":{"adv1FilingDate":"30 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/79/PDF/79.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does J.P. Morgan Securities have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does J.P. Morgan Securities offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does J.P. Morgan Securities use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does J.P. Morgan Securities have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does J.P. Morgan Securities invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns J.P. Morgan Securities?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does J.P. Morgan Securities get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}