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JPMorgan Loses FA to Boutique Building Family Wealth Team

By Alex Padalka April 4, 2018

A JPMorgan advisor has jumped ship to the boutique investment advice practice of A.W. Jones Private Advisors, according to a press release from A.W. Jones.

Prior to joining the boutique firm, Eric Ingber spent 18 years at JPMorgan, where he was an executive director, A.W. Jones says. His duties at JPMorgan included managing client portfolios, client relations, client investment programs and lending, according to the press release. Ingber joins A.W. Jones as managing director and will be based in the company’s headquarters in New York, A.W. Jones says.

“Over the years I have evaluated numerous firms in a search to identify one that truly understood me, and more importantly, my client’s distinct needs and goals. I strongly believe that A.W. Jones Private Advisors is that firm,” Ingber says in the press release.

Originally founded in 1949 by Alfred Winslow Jones, A.W. Jones has evolved from a hedge fund into a funds multi-manager, with A.W. Jones Private Advisors established recently to handle wealth management services catering to high net worth individuals, family offices, foundations and endowments, the company says in the press release.


JPMorgan has suffered some high-profile departures recently. Last month, JPMorgan Private Bank lost a team of advisors overseeing $30 billion to UBS.

Also in March JPMorgan lost an advisor managing $100 million to Wells Fargo Advisors Financial Network, the company’s independent channel. But the same month, JPMorgan Securities was able to nab a Goldman Sachs & Co. broker who oversaw around $1 billion and generated $6 million a year.