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Are you rich enough for JP Morgan's private bank?

Lawyers are among the clients most affected by the private bank’s recent decision to double its minimum to $10m in investible assets

By

Emily Glazer

and

Sara Randazzo, WSJ

JP Morgan’s private bank clients will be required to have at least 10 million in investible assets, twice the current minimum
JP Morgan’s private bank clients will be required to have at least 10 million in investible assets, twice the current minimum Photo: iStockPhoto

JP Morgan’s private bank is continuing to cull the ultra-wealthy people it serves. The latest in its crosshairs: lawyers from top firms.

Attorneys, who often work closely with JP Morgan on deals and other matters, are among the clients most affected by the private bank's recent decision to double its minimum to $10 million in investible assets.

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