<p>that would be believable before jpmorgan merged with chase, back when it was a company was known to deal mainly with "blue bloods", but not anymore. There are different levels of service for private banking, family wealth being the highest, the most exclusive before opening your own office to manage your money. </p>
<p>And your previous comments just make 50mm sound even more doubtful. "offices only in los angeles and nyc" I dont think they are that stupid considering the wealth in miami, houston, silicon valley, etc. And then you have the fact that they do indeed have offices in</p>
<p>Los angeles
San Fran
Denver
Indy
Arlington
Dallas
Miami etc</p>
<p>And "Their offices look like ivy league schools - they take you out to dinners etc" Usual affair for any office is to look upscale and client outings, including those with a mere million or two get perferential treatment inlcuding boxed seats at laker games with $800 bottle of wines and catered meals.</p>