JPMorgan is a big bank that helps rich people save money on taxes by using a special way of managing their investments called separately managed accounts (SMAs). This strategy involves selling some stocks at a loss to balance out other gains, which reduces the amount of taxes they have to pay. JPMorgan has been very successful in getting more wealthy clients to use this method and wants to catch up to its competitors like Goldman Sachs and Morgan Stanley. Read from source...

1. The title of the article is misleading and sensationalized. It implies that JPMorgan is only attracting tax strategy business from wealthy clients because it wants to catch up to its rivals, when in reality, this is just one aspect of their overall growth strategy. A more accurate title would be "JPMorgan Attracts Over $15B In Tax Strategy Business From Wealthy Clients As It Pursues Expansion And Competitive Edge".
2. The article relies heavily on unnamed sources, which lowers its credibility and makes it difficult to verify the information presented. It would be more helpful to include specific quotes or data from named experts or officials in the industry.
3. The article does not provide enough context or background information about the tax strategy business or how it relates to JPMorgan's overall performance and goals. For example, it does not mention how much revenue this segment generates, what percentage of their total assets under management (AUM) it represents, or how it compares to other segments of their business.
4. The article makes several assumptions and generalizations about the motivations and behavior of wealthy investors without providing any evidence or analysis to support them. For example, it claims that tax-loss harvesting in SMAs is "potentially the fastest-growing segment of asset management in the last 18 months", but does not provide any data or comparisons to other segments to substantiate this claim.
5. The article uses emotive language and inflammatory phrases throughout, such as "looks to catch up to rivals" and "intensified its efforts", which suggest a sense of urgency and competition that may not be warranted or accurate. A more objective and neutral tone would be preferable for a financial news article.