Former JPMorgan consultant returns as PWM advisor

FWR Staff

10 November 2008

Her personal-finance book set for release, Hirshman is back in a new role. Susan Hirshman, who left JPMorgan Chase 's asset-management division last spring, has returned to JPMorgan as an advisor with its Private Wealth Management (PWM) group. She reports to David Bloom, wealth-advisor practice leader for JPMorgan PWM in the U.S. Northeast.

Hirshman stepped down from her previous role as a practice-management consultant to financial-advisor clients of the bank's investment-management business in order to write a book on personal finance for women. The book is due for release early in 2009.

By training

In her new role, Hirshman advises private clients on wealth-transfer, philanthropic, business-succession, and retirement strategies.

Hirshman first joined JPMorgan from KPMG in 1999. She began her career as a CPA to high-net-worth clients.

JPMorgan's PWM group started out as Bank One's retail wealth-management business. JPMorgan kept the group's legacy name -- Private Client Services -- for several years after its 2004 acquisition of Chicago-based Bank One, only switching to the "Private Wealth Management" name early in 2008.

Catering mainly to professionals and business owners, JPMorgan PWM has 104 offices and around 900 advisors in the U.S. It provides banking, investment consulting, portfolio management, brokerage, tax and estate planning and insurance services. As of early September 2008, it accounted for more than $120 billion in client assets. -FWR

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