Updated October 29, 2026. Quick answer: The one bank page we read that states a private-banking minimum is Citi Private Bank’s: “Our services have a minimum investment level of $5 million.” Elsewhere the numbers on file are program minimums in the Form ADV brochure of the SEC-registered adviser beside each bank: $10,000 at Morgan Stanley, J.P. Morgan and Wells Fargo, $25,000 at Citi (its advisory programs brochure) and UBS, $250,000 at Huntington, $500,000 typically at BMO’s Stoker Ostler, a net worth of $1 million at UMB, and no minimum at Citizens Private Wealth. Those are the minimums written in the brochures, not necessarily the size a private bank’s banker will work with, and the table names the legal entity behind each number.
What the filings of the banks’ advisers list
Where a bank’s investment advisory programs are run by a separately registered adviser, that adviser’s Form ADV brochure is where a minimum is written down. Each row names that adviser and its CRD number, and each figure is quoted from the brochure on the date shown.
| Bank and registered adviser | What its brochure lists | Brochure |
|---|---|---|
| J.P. Morgan Private Bank: J.P. Morgan Securities LLC (CRD 79) | Portfolio Advisor and Portfolio Manager programs: “(a) PA and PM $10,000”. Highest listed: “US Endowments & Foundations investment strategy has a minimum investment of $1,000,000”. | Wrap Fee Program Brochure, June 30, 2026 |
| Citi: Citigroup Global Markets Inc. (CRD 7059) | Citi Portfolio Manager Program and Model Allocations Portfolios Program: $25,000. Advisory Portfolios Custom: $25,000,000 (“minimum amount of assets subject to the AP Custom agreement”). | Investment advisory programs brochure, March 25, 2026 |
| Morgan Stanley: Morgan Stanley (CRD 149777) | Consulting Group Advisor: “The CGA program generally has a minimum account size of $10,000”. | CGA wrap fee brochure, March 30, 2026 |
| Northern Trust: Northern Trust Securities, Inc. (CRD 7927) | Fund Strategist Portfolios: “From $20,000 to $100,000”. Strategist UMA: “From $250,000 to $1,000,000”. | Wrap fee brochure, March 31, 2026 |
| Wells Fargo: Wells Fargo Clearing Services, LLC (CRD 19616) | “Custom Blend $10,000 subject to investment minimum”; highest listed: “Custom Option Portfolios $1,000,000”. | Advisory programs brochure, Rev 76, September 2025 |
| UBS: UBS Financial Services Inc. (CRD 8174) | Discretionary programs table: “$25,000 in eligible assets”. | Form ADV Part 2A, March 31, 2026 |
| Huntington Private Bank: The Huntington Investment Company (CRD 16986) | “For GPS Total Accounts the minimum investment amount is $250,000”. | Wrap fee program brochure, August 3, 2026 |
| Citizens Private Wealth: Citizens Private Wealth, LLC (CRD 106743) | No minimum: “we do not impose any minimum account size as a condition for starting or maintaining an advisory relationship”. | Form ADV Part 2A Appendix 1, July 6, 2026 |
| UMB Private Wealth: UMB Private Wealth Management, LLC (CRD 306374) | “Retail clients are individuals, families, and businesses with a net worth of $1 million or more”. “UMBPWM may engage clients not listed above and may waive minimum account requirements at its discretion”. | Form ADV Part 2A, September 18, 2026 |
| BMO Private Wealth: Stoker Ostler, a part of BMO Financial Group (CRD 111320) | “Our account minimum is typically $500,000”. | Form ADV Part 2A, March 31, 2026 |
What the banks print on their own pages
Citi Private Bank’s inquiry page answers a visitor who reports a net worth under $5 million with “Our services have a minimum investment level of $5 million.” and says its family office services are “only available to single family offices with over $100 million in AUM”.
U.S. Bank labels its tiers by net worth on its private wealth page: “Net worth $250,000 to $3 million” for Wealth Management, “Net worth $3 to $75 million” for Private Wealth Management, and “Net worth more than $75 million” for Ascent Private Capital Management. That is a band for who the service is for, not an account minimum.
We also read the J.P. Morgan Private Bank home page on October 29, 2026; the text we retrieved states no account minimum, so the J.P. Morgan figures above come from its adviser’s brochure. Goldman Sachs Private Wealth Management is not in the table because we did not read a brochure minimum for it.
How to use a brochure minimum
A program minimum is the least you can put into that program. It is not a promise that a banker will take you on at that size, and a manager chosen inside a program can set a higher one: J.P. Morgan’s brochure ties its minimums to the manager “subject to minimum account requirements imposed by the applicable Portfolio Manager” for its STRATIS strategies. Ask the banker for the written minimum of the specific program, then price it with the fee page for that firm.
The firm-by-firm pages show the fee at each minimum: J.P. Morgan, Citi, Morgan Stanley, Northern Trust, Wells Fargo, UBS, U.S. Bancorp Advisors, Huntington, Citizens Private Wealth, UMB, and BMO.
Common mistakes
- Reading a $10,000 program minimum as the size a private banker will accept: the brochures do not say that.
- Comparing a net-worth band (U.S. Bank) with an account minimum (the brochures) as if they were the same measure.
- Treating the registered adviser’s number as the bank’s own: the legal entity in each row is a different company from the bank.
Related: private wealth management fees, average wealth management fees, and the advisor fee comparison.
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Answer againSources
- J.P. Morgan Securities LLC Wrap Fee Program Brochure, Form ADV Part 2A Appendix 1, June 30, 2026: www.jpmorgan.com
- Citigroup Global Markets Inc. Investment Advisory Programs brochure, March 25, 2026: files.adviserinfo.sec.gov
- Citi Private Bank home page (privatebank.citibank.com), read October 29, 2026: www.privatebank.citibank.com
- Morgan Stanley Consulting Group Advisor (CGA) Program Wrap Fee Brochure, Form ADV Part 2A Appendix 1, March 30, 2026: adviserinfo.sec.gov
- Northern Trust Securities, Inc. Wrap Fee Program Brochure, March 31, 2026: files.adviserinfo.sec.gov
- Wells Fargo Clearing Services, LLC advisory programs brochure, Rev 76, September 2025: adviserinfo.sec.gov
- UBS Financial Services Inc. Form ADV Part 2A brochure, March 31, 2026: adviserinfo.sec.gov
- The Huntington Investment Company Wrap Fee Program Brochure, August 3, 2026: files.adviserinfo.sec.gov
- Citizens Private Wealth, LLC Form ADV Part 2A Appendix 1, July 6, 2026: files.adviserinfo.sec.gov
- UMB Private Wealth Management, LLC Form ADV Part 2A, September 18, 2026: files.adviserinfo.sec.gov
- Stoker Ostler Wealth Advisors, Inc. Form ADV Part 2A, March 31, 2026: files.adviserinfo.sec.gov
- U.S. Bank, Private Wealth Management (usbank.com), read October 29, 2026: www.usbank.com
Read from the filings and pages linked above on October 29, 2026. General information, not investment advice. Fees and minimums change, and the firm’s current brochure and a written quote are the documents that decide what you pay.