Awards and Industry Recognition

Forbes

Top Wealth Management Teams Best-In-State
2025

About Bruce

Bruce Baumgarten is a Vice President and Wealth Advisor with J.P. Morgan Wealth Management.

He serves high-net-worth clients and families, adhering to a long-term investment philosophy that blends risk management, asset allocation and diversification. Bruce leverages the firm's thought leadership and array of resources to educate his clients and help build customized portfolios tailored to their unique set of goals and objectives. He makes adjustments, when warranted, by changes in market conditions or personal situations.

Bruce has 54 years of industry experience. After working on a trading desk upon graduating from college, he decided to pursue an investment management career. His genuine interest in people, paired with a strong work ethic and integrity, are primary components of his long record serving multi-generations of clients.

Prior to joining a J.P. Morgan predecessor firm in 2005, and transitioning to his current role in 2008, Bruce worked at Gibraltar Securities (1969-1973). He founded his own municipal bond investment banking firm, Hamilton/Cook & Company, and served as Principal and Chief Executive Officer (1973-1979). He returned to Gibraltar (now Royal Bank of Canada) from 1979-2005.

Bruce graduated from Fairleigh Dickinson University with a B.A. degree in World History. He earned a Certificate in Fundamentals of Finance and Accounting for Non Professionals from the University of Pennsylvania's Wharton School. He has volunteered with charities including The United Jewish Federation, The American Cancer Society, The Anti-Defamation League, The Cystic Fibrosis Foundation and The National Multiple Sclerosis Society. Bruce and his wife live in North Caldwell, NJ, and have a house in Manchester, VT, which they enjoy with their three adult children and six grandchildren.

Insights

Markets

Navigating Washington's risks: Mar-a-Lago accord, tariffs and municipal tax exemption

March 28, 2025Political uncertainty has reached rare heights, with tariffs, munis’ tax status and the value of the dollar the primary risks.Read Now
Wealth Planning

What is the Social Security Fairness Act and how will it impact Social Security benefits?

March 26, 2025On January 5, 2025, former President Biden signed into law the "Social Security Fairness Act.” Read about how this might impact Social Security benefits.Read Now
Investing

How to think about market volatility

March 26, 2025When the market is volatile, it’s natural to want to act on emotion. Here’s how to make sure the decisions nudged by that feeling are as rational and well-informed as possible.Read Now
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