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JPMorgan breakaways make Page One of the New York Times after $9-billion loss puts spotlight on Dimon's bank

It's a familiar story of pushing proprietary product and advisors not going for it -- but under a sterling brand

Author Lisa Shidler July 9, 2012 at 5:23 AM
Admin:
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Mathew Goldberg: They didn't care.

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Mentioned in this article:

LPL Financial
RIA-Friendly Broker-Dealer, RIA Welcoming Breakaways, Advisory Firm
Top Executive: Dan Arnold

Diamond Consultants
Recruiter
Top Executive: Mindy Diamond




Jeff Spears

Jeff Spears

July 9, 2012 — 6:13 PM

This whole JP Morgan story does seem to be piling on like you mention. I would also clarify that a JP Morgan broker and a JP Morgan Pivate Banker a radically different.

One is an ex-Bear Stearns division and the other works with ultra high net worth clients as a fiduciary.

All advisors are NOT created equal.

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