J.P. Morgan WealthManager+ to launch in October

Aug 27, 2009

  • J.P. Morgan Asset Management to enhance its online, service and wrapper offering.

London 27th August 2009 – J.P. Morgan Asset Management is set to enhance its online service to its existing direct customer base with the launch of a new online investment management tool called WealthManager+. This launch is in response to feedback from over 100,000 direct customers and the consolidation of its administration platforms from several third party administrators to a single administration platform.  These developments allow J.P. Morgan Asset Management to present a consolidated view to its direct clients of all their investment products and wrappers when it is launched in Q4 this year. As a pioneer of the use of wrappers and investment trust pensions in the UK, J.P. Morgan WealthManager+ has been created in order to continue the firm’s long heritage in servicing its direct client base to the highest standards.

J.P. Morgan WealthManager+ will offer a single view of clients’ existing OEICs, Investment Trusts and ISAs as well as a wide range of equities, other investment products, information and planning tools to enable clients to consolidate their existing wealth and manage their entire wealth at a glance. In addition to existing J.P. Morgan Investment Trusts, OEICs and SICAVs, investors will also have access to a new SIPP.

J.P. Morgan Asset Management remains fully committed to the IFA community and its support of aggregating platforms and it will continue to service them in the same manner that has won the investment house 6 gold standards for service in a row. J.P. Morgan WealthManager+ has functionality to allow access to IFAs who advise our direct clients and we recently completed an exercise to verify these relationships.

As such, J.P. Morgan WealthManager+ will allow direct clients and their advisers to make the most of clients’ tax efficient allowances through a sophisticated open-architecture platform that will include the ability to invest via an ISA but also the J.P. Morgan SIPP which will give the choice and flexibility investors need to help them take control of their financial planning.

A range of helpful and sophisticated tools, including example portfolios, access to some of J.P. Morgan Asset Management’s best thinking and investment expertise will be available. These tools will also enable investors implement and appropriate investment strategy in order to understand their attitude to risk and identify appropriate asset allocation strategies and access a wide variety of investments.

The launch marks J.P. Morgan Asset Management’s commitment to its existing direct client base and their advisers but will also be of use to fee based IFAs who may want to advise their clients to purchase Investment Trusts or access a SIPP via WealthManager+.

Campbell Fleming, head of UK business at J.P. Morgan Asset Management commented: “As the UK’s largest provider of Investment Trusts and a large retail provider of OEICs and ISAs, we have an existing book of over 100,000 direct clients to whom we are primarily aiming the new improved product set and services.  Feedback from those clients, who have expressed a wish to deal directly with J.P. Morgan Asset Management, suggests that an enhanced online proposition giving access to a wider range of products would be well received.  The recent changes we have made to our administration arrangements have put us in the position where we can further enhance our service offering and relationship with our direct clients and their advisers. It is testament to our long heritage of servicing them to a very high standard, that they have been very clear in their desire to continue their relationship with us. Our commitment to the IFA community continues to be steadfast and we will continue to service them in the same award-winning manner as ever. We are continuing to work closely with IFAs via the J.P. Morgan Asset Management Academy initiative, our Guide to the Markets forum and our industry leading thought pieces. We feel that now is the time to take our commitment to the next level and the platform has been created as a direct response to our client’s needs and wants.”

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For further information please contact:
Ben Larter: Media Relations
Telephone: 020 7742 2112
Email: benjamin.g.larter@jpmorgan.com

Notes to Editors

J.P. Morgan Asset Management is part of J.P. Morgan Chase & Co. and is a global asset management leader providing world-class investment solutions to clients. With US$1.1 trillion in assets under management (the Asset Management client funds of J.P. Morgan Chase & Co. as at March 31st 2009) and offices in 40 locations around the world, J.P. Morgan Asset Management offers global coverage with a strong local market presence, and leadership positions in most asset classes.

J.P. Morgan Asset Management is a trading name of J.P. Morgan Asset Management Marketing Limited which has issued this material in the United Kingdom and which is authorised and regulated by the Financial Services Authority.  Registered in England No. 288553.  Registered office: 125 London Wall, London EC2Y 5AJ.

Any past performance referred to in this material is not a guide to future performance and the value of investments, and any income from them, can fall as well as rise.  Any tax concessions referred to are not guaranteed and their value will depend on the individual circumstances of investors.  Stock market linked investments carry a number of inherent risks.  These risks will increase where fluctuations in exchange rates impact on the value of any underlying investments or where the investment is exposed to smaller companies or emerging markets.  Investments in fixed income securities that are not rated as investment grade represent a greater risk to an investor’s capital.

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