JPMorgan Chase & Co. has retained 90% of First Republic's clients following its acquisition of the bank in a government-led auction earlier this year. 

The acquisition, due to First Republic becoming the second-largest bank failure in US history in May, presented unique challenges, primarily driven by a hole in its balance sheet due to rising interest rates.

According to AdvisorHub, Marianne Lake, consumer and community banking co-head at JPMorgan, expressed confidence in JPMorgan's progress with its "integration milestones." The company is not only meeting expectations but is also poised to "outperform the deal model." 

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.