J.P. Morgan Securities has bolstered its wealth management business with the addition of three seasoned advisors from rival firms

The boutique brokerage has added industry veterans Kim Fonseca, Brian McAuliffe and Chris Foster to three of its 19 offices, which focus on providing wealth management services to high net worth clients. The three previously oversaw a combined $400 million in client assets. 

With 29 years of experience, Fonseca joins J.P. Morgan Securities’ Palm Beach, Fla., office. He had previously been with Morgan Stanley having started his career with Citigroup in 1993 according to public registration records with the Financial Industry Regulatory Authority. He will report to regional director Rick Penafiel.

Also from Morgan Stanley, McAuliffe will operate out of the New York headquarters’ office. He had been at Morgan Stanley for nine years and will now report to regional director Mike Lee.

Former Credit Suisse advisor Chris Foster joins in White Plains, New York where he reports to regional director Michael Maron. Foster has over fifteen years of industry experience.

“Kim, Brian and Chris have proven track records and exceptional client relationships, and we are thrilled that they have joined J.P. Morgan Securities,” Greg Quental, chief executive officer of J.P. Morgan Securities, said. “Our boutique approach inside one of the world’s strongest and most prestigious financial institutions has proven to be an attractive way for some of the best financial advisors in the industry to grow their business.” 

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