JP Morgan Chase has maintained a relatively low wealth management profile in recent years, especially in the UK.

But as a presentation given at its Investor Day on 25 February shows,  appearances can be deceptive.

For JP Morgan Chase’s wealth management activities, both in its domestic market in the US and elsewhere through JP Morgan Private Bank, have grown consistently over the past decade.

The bank intends to increase its US and global wealth management footprint further over the next four years. Like many integrated banking institutions, JP Morgan Chase still considers wealth management and private ...