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JP Morgan
Asset Management Profile
Though known for
much more, JP Morgan is primarily identified as a bank
which, in the mutual fund world, has not been an
advantage.
With concerns about not just
the ability to invest in the business but survive, asset
managers attached to strong financial institutions have
a distinct advantage in today’s new world.
With over $1 trillion under
management and an extensive range of investments and
complementing asset allocation funds, JP Morgan Asset
Management has brought a traditionally institutional
style and discipline down to the retail DC Market.
The JP Morgan DC
IO team is led by two industry veterans, David Musto and
Glenn Dial who enjoyed stints at Prudential, Cigna,
Ceridian and Merrill Lynch retirement services
divisions.
The renewed commitment to
the DC IO market, along with a strong presence in the
direct sold, large record keeping market, is bringing JP
Morgan to the top of the industry as other better known
competitors have stumbled or whose parent corporation
has faltered.
JP Morgan DC IO has all the
ingredients for success with 5 external retirement
wholesaler, over 60 retail wholesalers, a presence on
almost every record keeping platform, 30 R2 shares and
many more A and I shares which helped them to a 25%
increase in sales in 2008.
What has set them apart is
their disciplined, institutional approach to target date
funds and their unique “Target Date Navigator” which
enables advisors to evaluate the funds style and risk as
well as guide advisors to the right investment based on
their risk profile.
In addition, JP Morgan makes
available the “Little Book” by world renowned in-house
economist Dr. David Kelley as well as webcasts for
clients tailored to the retirement market.
For higher level record
keeping and advisor partners, co-branding of many of the
tools is available.
With a seasoned DC IO team, outstanding investments,
placement on all major record keeping platforms, an
institutional approach usually not available to retail
investors, and a financially solid parent committed to
the retirement market, JP Morgan appears to be poised to
take a leadership role.
Advisors looking to leverage and partner with JP
Morgan, especially with their institutional target date
approach, can work not only with their local retirement
wholesaler but also their retail representative.
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