Deals
JPMorgan $1.2 Billion Wealth Team Exits With Silicon Valley Help
- Savir, Dominguez form Miami-based boutique Element Pointe
- Firm leans on next-generation software for portfolio analysis
This article is for subscribers only.
JPMorgan Chase & Co. private bankers who oversaw $1.2 billion are striking out on their own, helped by a Silicon Valley startup with links to secretive big-data firm Palantir Technologies Inc.
David Savir, 32, and Carlos Dominguez, 43, left JPMorgan last month to found Miami-based Element Pointe Advisors, which will manage investments and provide oversight for wealthy families. Clients worth more than $50 million often have assets held in trusts and partnerships managed by several institutions, Savir said in an interview.