Ray PowersRay Powers, CRPC^®, AIF^®

Managing Director

Wealth Partner

Ray Powers is a Managing Director and Wealth Partner at J.P. Morgan Wealth Management.

Ray's holistic approach delivers comprehensive, customized wealth planning strategies to high-net-worth individuals and their families. Drawing on his extensive capital markets background, he synthesizes the complexities of the financial landscape to offer tailored recommendations that align with their needs.

Ray's advisory services are geared toward his clients' aspirations and management on both sides of their balance sheets. He believes that just as most companies have a CFO to oversee their corporate financial affairs, his role as a Wealth Partner is equally important to the families that he serves.

As a member of the J.P. Morgan Wealth Management Portfolio Manager Program, Ray is one of a select group of Advisors who undergo a screening process to manage discretionary client portfolios and are subject to ongoing quantitative and qualitative reviews to assess each Advisor's investment strategy.

Ray holds the Accredited Investment Fiduciary^® (AIF^®) designation, demonstrating his knowledge of and ability to apply fiduciary practices in managing corporate 401(k) retirement plans. He advises companies on establishing these plans, helping them adhere to their guidelines and uphold their fiduciary responsibilities.

With more than 29 years of wealth management experience, Ray began his career at Merrill Lynch, working with high- and ultra-high-net-worth clients. He joined J.P. Morgan in 2019 to provide his clients with the hands-on responsiveness of a boutique coupled with the global strength of a renowned financial institution.

A graduate of St. John's University, Ray earned a B.S. in Business Management. He grew up in Astoria, Queens, and has been married to his high-school sweetheart, Tania, for over 26 years. They are the parents of two children: Alexa, who is currently pursuing her Master's Dental Program in NY, and Anthony, who is majoring in Finance at the University of Tampa.

As the son of an American Veteran, Ray has been a lifelong advocate for veterans' organizations to which he lends his time and support. He is devoted to his community and is a member of the Knights of Columbus and an active participant in UNICO National, an Italian-American philanthropic organization whose motto is "Service Above Self." To bring this philosophy to life, he founded The Powers Family Foundation to contribute to causes that he finds personally meaningful.

In his free time, Ray enjoys spending time with family, playing golf or spending days with his fellow car enthusiasts.

Commitment to clients

1. Develop an initial comprehensive wealth management plan for each relationship to intimately understand the needs and goals of each client.
2. Design and implement a customized asset allocation framework and recommendations focused on helping achieve each client's specific goals.
3. Each of our clients will have a primary Relationship Manager who works closely with our Advisors to further deepen our relationships on a day-to-day basis.
4. We will meet with you quarterly to recap performance and ensure that we are current with any life changes that would require us to make adjustments to your plan.
5. Our team will develop a relationship with your estate planning attorney and accountant to have a value-add team approach in making sure your interests are covered within each area of expertise.
6. In January, we will update your net-worth statement and send over to your estate planning attorney to keep them aware of your changing financial situation if any updates are necessary on their end.
7. In March, we will reach out to your accountant to make sure we have enough liquidity to cover any upcoming tax payments and calendar any quarterly estimates to make sure we have cash on hand.
8. In November, we will review each client to gauge realized gains/losses heading into the end of the year in an effort to manage the tax liability of each portfolio. Our team will generate reports and work with your accountant to make sure you are well prepared heading into year-end.