J.P. Morgan Launches Sponsor Billing Reconciliation Solution for Separately Managed Accounts

New technology helps asset managers reconcile billing and collect owed fees

New York, December 9, 2008 – J.P. Morgan today launched a Separately Managed Account billing technology that provides asset managers with a faster and more accurate way to collect fees they are owed. The module, offered by J.P. Morgan Managed Account Solutions, calculates all the billable events that occur in the SMA process at each of a manager’s sponsor relationships, identifying all differences outside of a flexible tolerance range and outputting the appropriate details that can then be directed back to the sponsor for review and resolution. The automated billing system also allows asset managers to independently calculate their expected revenue from sponsors.

J.P. Morgan developed the solution with Redi2 Technologies, a leading software provider that exclusively focuses on fee billing solutions for the global financial services industry, and Vestmark Inc., an enterprise software company.

“In today’s competitive and volatile environment, asset managers are looking closely at the bottom line and at new ways to bring in more revenue,” said Scot Knight, executive director and product manager of J.P. Morgan Managed Account Solutions. “This solution provides a detailed, accurate and efficient way to ensure that they are collecting every penny that is due to them. It is the latest in a long line of added-value services we offer to administer SMAs.”

J.P. Morgan is a leading provider of outsourcing solutions for SMA managers and sponsors. The firm offers an integrated suite of services designed to allow investment managers, sponsors and overlay managers to outsource their operational and administrative SMA infrastructure. The firm's full-service customized platform provides complete coverage including account workflow, reconciliation, trade support, billing and performance reporting.

For more information on J.P. Morgan Managed Account Solutions, go to www.jpmorgan.com/visit/mas.

About JPMorgan Investor Services
JPMorgan Investor Services is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. A division of JPMorgan Chase Bank, N.A. (NYSE: JPM), Investor Services leverages the firm’s unparalleled scale, leading technology and deep industry expertise to service investments around the world. It has $14.4 trillion in assets under custody and $5.4 trillion in assets under administration. For more information, go to www.jpmorgan.com/visit/is.

About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM), is a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan, Chase, and Washington Mutual brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.