JPMorgan Chase seeks to expand the reach of its wealth management business and bring in more investments by offering a new planning tool to its 54m Chase retail customers. Clients can use the tool to include retirement locations and fine-tune their estimated living costs. The tool can also initiate meetings with financial advisers, who also use it to design the plans.
"Planning helps people think about what they truly want in life," Kristin Lemkau, CEO of JPMorgan Wealth Management, said in a statement. "It’s not enough to say you want to retire. Yes, but when? Where?"