JPMorgan is expanding an initiative to woo more wealthy clients

JPMorgan Chase is doubling down on plans to woo wealthier clients by opening 14 new financial centers.
The New York-headquartered global bank previously ran two similar centers in the United States — one in New York City and one in San Francisco.
The new locations will be opened in four states: California, Florida, Massachusetts, and New York. Offices will include a location in Palm Beach, Florida, and one on Manhattan's Madison Avenue.
These office-based branches were first acquired when JPMorgan took over commercial bank and wealth management services provider First Republic in 2023.
The move is part of the financial services firm's mission to cater to its affluent clients and attract more of America's millionaires. By the end of 2026, it plans to have 31 such centers.
While JPMorgan leads the way in deposits and assets compared to Wall Street's biggest banks, competitors have a larger share of wealth management.
"Through these Financial Centers, we are redefining how affluent clients are served, offering a highly personalized level of service that is backed by the global capabilities of JPMorganChase," CEO of Chase Consumer Banking Jennifer Roberts said in a statement.
"These new Financial Centers offer a highly personalized service model, providing greater flexibility to meet clients' needs with exceptional attention and care."
Customers who hope to join the program need to have $750,000 in deposits and investments. Services available to clients include personalized attention from a banker and a team of experts in personal banking, business banking, lending, and planning, and JPMorgan wealth management advisors.
Each brick-and-mortar office is led by a "relationship manager." For those who don't live close to one of the financial centers, they'll be able to access the same services through the relationship managers, who are also meant to support remote members.
In 2024, Chase opened over 150 banks as part of its goal to open 500 new locations by the end of 2027.

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Travel + Leisure

36 minutes ago

• Travel + Leisure

These Are the Longest Flights in the World—Plus Doctor-approved Tips for Getting Through Ultra-long Hauls

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It also features a unique two-class layout—with business class and premium economy (read: no standard economy)—to optimize the onboard experience for this marathon journey. An airplane flying over time: 18 hours and 25 minutes Carrier: Singapore Airlines Number of miles: 9,523 This Singapore to Newark flight clocks in just shy of 18 hours and 30 minutes—slightly shorter than its New York-to-Singapore counterpart listed above. It's operated by the same aircraft, the Airbus A350-900ULR, which, as noted earlier, omits economy seating in favor of just premium economy and business class to ensure a more comfortable experience. Flight time: 18 hours Carrier: Air New Zealand, Qantas Number of miles: 8,828 This 18-hour Air New Zealand flight is notable for connecting New Zealand and the U.S. East Coast on an unusually long nonstop route. It's operated by a specially configured Boeing 787-9 Dreamliner, featuring 18 business class seats, 21 premium economy seats, and 263 economy seats—including several Economy Skycouch rows, where adjustable leg rests can transform standard seats into lie-flat couch-style spaces. In May 2025, Air New Zealand began flying newly retrofitted Dreamliners equipped with larger 4K screens, Bluetooth audio pairing, and the option to use personal devices as remotes. Starting in 2026, the airline plans to roll out its innovative "Skynest" sleeping pods—a bunk-bed-style setup designed to give economy passengers a place to lie flat and rest during ultra-long-haul flights. Qantas also offers this route on the same plane. Flight time: 17 hours and 55 minutes Carrier: Air India Number of miles: 8,701 Just five minutes shy of the 18-hour mark, this San Francisco to Bengaluru route from Air India, which launched in 2021, covers a whopping 8,701 miles. The voyage takes place aboard a Boeing 777-200LR, an ultra-long-range aircraft designed specifically for these marathon routes. Onboard, passengers can expect a three-class configuration, including business class equipped with lie-flat seats, premium economy, and standard economy. While the product may not be the most cutting-edge among international carriers, the route, which connects two tech hubs—Silicon Valley and Bengaluru—makes it a major draw for business travelers. Flight time: 17 hours and 35 minutes Carrier: Singapore Airlines Number of miles: 8,762 Connecting Southeast Asia with the U.S. West Coast, this 17-hour, 35-minute journey from Los Angeles to Singapore is one of the world's longest nonstop flights. Operated by Singapore Airlines, the route is flown aboard the aforementioned Airbus A350-900ULR, which is distinguished by its absence of an economy cabin. Not only does this route link two global business hubs, but it also serves as a key gateway for U.S. travelers heading to Southeast Asia, making it easier than ever to explore the region. Flight time: 17 hours and 35 minutes Carrier: Qantas Number of miles: 8,990 Operated by a Boeing 787-9 Dreamliner, this Qantas flight spans nearly 9,000 miles, connecting Australia with the southern United States in just under 18 hours, eliminating the need for layovers in Los Angeles or Sydney. With lie-flat business class seats, premium economy, and standard economy options, it's designed to serve both business and leisure travelers making the trek across the globe. From Dallas, travelers can continue onward to many destinations around the U.S. with partner airline, American Airlines. Flight time: 17 hours and 30 minutes Carrier: Qantas Number of miles: 9,009 This Qantas flight from Perth to London was the first-ever nonstop commercial service between Australia and the United Kingdom. Covering more than 9,000 miles in roughly 17.5 hours, it launched in 2018 and marked a major milestone in ultra-long-haul travel by eliminating stopovers in Asia or the Middle East. Aboard the Boeing 787-9 Dreamliner, you'll find lie-flat business class, premium economy, and standard economy cabins. Flight time: 17 hours and 15 minutes Carrier: Qantas Number of miles: 8,580 This Dallas to Sydney route is also considered to be one of the world's longest nonstop commercial flights. While Qantas primarily uses the Boeing 787-9 Dreamliner on international routes like this flight, the airline will begin alternating with the Airbus A380 aircraft in August 2025. The latter aircraft offers additional seats and is also the only one in Qantas' current fleet to feature a first class. In addition to 14 first-class seats, it'll offer 70 business class seats, 60 premium economy seats, and 341 economy seats. Flight time: 17 hours and 20 minutes Carrier: Qatar Airways Number of miles: 9,031 Spanning a total of 9,031 miles, Qatar Airways' Auckland to Doha flight route ranks among the world's longest flights. Passengers fly aboard Qatar Airways' Airbus A350-1000, featuring the airline's award-winning Qsuite Business Class, complete with fully lie-flat beds and sliding privacy doors. In economy, travelers enjoy generous legroom and a robust selection of in-flight entertainment. In addition to linking New Zealand with the Middle East, this route offers easy onward connections to Europe, Africa, and Asia via Qatar Airways' hub at Hamad International Airport in Doha. Flight time: 17 hours and 5 minutes Carrier: Emirates Number of miles: 8,823 Emirates' Auckland to Dubai service ranks among the longest A380-operated flights in the world, covering 8,823 miles in just over 17 hours. The route serves as a key jumping-off point for destinations across Europe, Africa, and Asia, thanks to Emirates' extensive network out of Dubai. Onboard the expansive double-decker aircraft, passengers can expect the airline's signature amenities: private first-class suites, lie-flat business class seats, an onboard lounge and bar for premium cabins, and spacious economy cabins. A passenger sleeps on a plane with an eye mask. "Before embarking on a long-haul flight, it's a good idea to choose light, nutrient-rich meals to keep you feeling comfortable and energized," says Lauren Manaker, MS, RDN, LD, a registered dietitian based in Charleston, South Carolina. Choose easy-to-digest foods like lean proteins, whole grains, and fruits and vegetables, while avoiding heavy, greasy meals and carbonated drinks, which can contribute to bloating. For in-flight sustenance, Manaker recommends packing wholesome snacks (think: nuts, seeds, and granola bars) to help maintain energy levels throughout the journey. "Staying hydrated during a flight is crucial because the cabin air can be quite dry," explains Manaker. "Try to drink water regularly throughout the flight, aiming for at least a cup every hour." While not essential, she notes that electrolyte supplements can be helpful—especially on longer flights—as they replenish key minerals and support hydration more effectively than water alone. One of her go-to options is Now's Effer-Hydrate Effervescent Tablets, which are "easy to add to water while in the air." When you board the plane, adjust your clocks to the time at your destination and do your best to eat, sleep, and function according to that new time zone, advises Dr. Rebecca Robbins, a sleep scientist at Brigham and Women's Hospital and an assistant professor of medicine at Harvard Medical School. "For instance, if you board an overnight flight from New York to London, it most certainly is the middle of the night at your destination." To help your body adjust, she recommends eating an early dinner the day of departure, skipping the in-flight meals and beverages, and letting the flight attendants know you'd prefer not to be disturbed so you can get some sleep. Dr. Robins recommends traveling with pre-tested sleep accessories, such as earplugs and eye masks, telling Travel + Leisure , "Think of these as your armor against sounds and light on the plane, which you cannot always control." Similarly, "You may also bring along items that give you comfort, such as a scarf that can double as a blanket." According to Dr. Robbins, if you find yourself exhausted but unable to sleep—a common challenge when crossing time zones—focusing on breathing exercises and mindfulness techniques can help calm your body and ease you into a restful state. "If you are struggling to sleep, close your eyes and try to meditate," she advises. "Bring all your attention to your breath, then imagine a bright light at your third eye. Focus all your attention on that light, expanding the light when you breathe in and making the light smaller as you breathe out." "Taking exogenous melatonin, or melatonin in tablet form, for coping with jetlag can be beneficial," explains Dr. Robbins. This is key because, per the pro, "melatonin fundamentally is for issues relating to a mismatch between our internally coded sleep and wake times and the pattern of light and darkness around us and/or social time at a new destination." As always, consult your doctor before starting any new supplement.

Yahoo

36 minutes ago

• Yahoo

Why Redwire Stock Tumbled by Nearly 17% This Week

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Yahoo

an hour ago

• Yahoo

Bakkt Holdings, Inc. (NYSE:BKKT) most popular amongst retail investors who own 62% of the shares, institutions hold 34%

The considerable ownership by retail investors in Bakkt Holdings indicates that they collectively have a greater say in management and business strategy The top 25 shareholders own 35% of the company Insiders have been selling lately AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Every investor in Bakkt Holdings, Inc. (NYSE:BKKT) should be aware of the most powerful shareholder groups. The group holding the most number of shares in the company, around 62% to be precise, is retail investors. Put another way, the group faces the maximum upside potential (or downside risk). And institutions on the other hand have a 34% ownership in the company. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. In the chart below, we zoom in on the different ownership groups of Bakkt Holdings. Check out our latest analysis for Bakkt Holdings Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. As you can see, institutional investors have a fair amount of stake in Bakkt Holdings. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Bakkt Holdings, (below). Of course, keep in mind that there are other factors to consider, too. Bakkt Holdings is not owned by hedge funds. IntercontinentalExchange, Inc., Asset Management Arm is currently the company's largest shareholder with 9.7% of shares outstanding. In comparison, the second and third largest shareholders hold about 5.0% and 3.8% of the stock. Additionally, the company's CEO Andrew Main directly holds 1.6% of the total shares outstanding. On studying our ownership data, we found that 25 of the top shareholders collectively own less than 50% of the share register, implying that no single individual has a majority interest. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. As far as we can tell there isn't analyst coverage of the company, so it is probably flying under the radar. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. We can report that insiders do own shares in Bakkt Holdings, Inc.. As individuals, the insiders collectively own US$7.9m worth of the US$177m company. This shows at least some alignment, but we usually like to see larger insider holdings. You can click here to see if those insiders have been buying or selling. The general public -- including retail investors -- own 62% of Bakkt Holdings. With this amount of ownership, retail investors can collectively play a role in decisions that affect shareholder returns, such as dividend policies and the appointment of directors. They can also exercise the power to vote on acquisitions or mergers that may not improve profitability. It's always worth thinking about the different groups who own shares in a company. But to understand Bakkt Holdings better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Bakkt Holdings (at least 1 which shouldn't be ignored) , and understanding them should be part of your investment process. If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, backed by strong financial data. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. 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