JPM · 10-Q · 2026Q1 · Full report
Wealth Management Growth
JPMORGAN CHASE & CO · 2026-05-01 · Importance 66 · Surprise 40 · In source text
Asset & Wealth Management reported assets under management (AUM) of $4.8 trillion at March 31, 2026, up 16% year-over-year. AWM average loans were up 15% YoY and 3% sequentially, and average deposits were up 4% YoY and 3% sequentially, reflecting net inflows and higher market levels. Asset management fees increased, driven by higher average market levels and net inflows in AWM and CCB. Higher margin product offerings and balance growth in AWM contributed to both NIR and NII performance for the quarter.
Key facts
- CCB average deposits up 2% YoY and QoQ; client investment assets up 18% source
- Client investment assets were $1,272.2 billion for Banking & Wealth Management at March 31, 2026. source
- In BWM, higher asset management fees reflected higher average market levels and net inflows, and higher deposit-related fees due to higher transaction volume and new accounts (contributed to noninterest revenue increase). source
- Number of client advisors was 6,243 in Banking & Wealth Management at March 31, 2026. source
- Number of Global Private Bank client advisors was 4,110 as of March 31, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | — | CCB average deposits up 2% YoY and QoQ; client investment assets up 18% |
| revenue | positive | realized | — | In BWM, higher asset management fees reflected higher average market levels and net inflows, and higher deposit-related fees due to higher… |