The practice will bring together more than 150 professionals across a range of specialisms.

JP Morgan Private Bank has launched its US Family Office Practice.

The practice will bring together more than 150 professionals, including 40 formerly practicing partner-level estate and tax attorneys, offering guidance on estate planning, life insurance and strategic wealth transfer techniques, along with the private bank’s Advice Lab, Global Investment Opportunities (GIO) and Outsourced Chief Investment Officer (OCIO) teams.

The new group will be led by William Sinclair, a 17-year veteran of JP Morgan and a member of the US private bank operating committee. Sinclair is also head of the private bank’s financial institutions group, a division of over 180 professionals who focus on delivering the firm’s wealth management services to financial sector executives and their families.

The practice will partner with 23 Wall, a global team providing strategic advice to the world’s largest families in regard to their privately owned assets, including operating companies, direct investments, sports teams and real estate. 

The work with 23 Wall expands the private bank’s coverage model to 700 families with $4.5 trillion of assets providing institutional access to the firm’s deal flow, balance sheet and intellectual capital, along with the ability to co-invest with the world’s largest families.

“Our clients are looking for highly customized solutions, innovative digital services, and resources to address the growing complexities of multi-generational wealth,” Andrew L Cohen, executive chairman of JP Morgan Global Private Bank, said. “The launch of this practice will provide a robust solution set for family offices across the wealth spectrum.”

The firm said it already works with more than 40 per cent of US families with a net worth in excess of $100 million and more than half of America’s billionaires.

Appointments
Jamie Lavin Buzzard has been named the head of investments and advice of the new practice. Drawing on more than 17 years in wealth management and various leadership roles at JP Morgan, she oversees the private bank’s advice-driven organizations and client engagement, including its Advice Lab, Wealth Strategy and Wealth Advisory groups. 

Elisa Shevlin Rizzo has joined as the head of family office advisory for the private bank and the new practice. As a former trust and estates attorney with 25 years of experience, Rizzo is joining the firm from Northern Trust Company where she was chief fiduciary officer for the East Region.

Christopher McCree is joining the practice as a vice president to oversee its day-to-day operations, including advising bankers and clients on the family office landscape and supporting the expansion of the private bank’s suite of family office services.