We no longer support this browser. Using a supported browser will provide a better experience.

Please update your browser.

Close browser message

 

Our management style

Grounded in four pillars, it guides the design of our team and our investment process

the four pillars of the J.P. Morgan Private Bank investment management style.

This table describes the four pillars of the J.P. Morgan Private Bank investment management style. They are: long-term investing, tactical flexibility, specialization, and an asymmetric approach to risk.


Meet the team

Led by Chief Investment Officer Richard Madigan, our team consists of specialists that work together to enhance a portfolio’s risk and return potential.

Disclaimer: There is no assurance that professional currently employed will remain employed by J.P. Morgan Private Bank or that the past performance or success of any such professional serves as an indicator of such professional’s future performance or success.

This pie chart categorizes the five elements of the portfolio construction and management process.

This pie chart categorizes the five elements of the portfolio construction and management process. They are: portfolio construction and analytics (where risks are evaluated and portfolios are stress tested); asset class portfolio managers (they focus within their asset classes to identify opportunities); multi-asset class portfolio managers (they identify and analyze opportunities across asset classes); managed solutions (driving innovation to enhance our clients’ experiences); and manager selection and due diligence (to identify and monitor active and passive vehicles to implement our views).


Identifying your goals and preferences

Our disciplined investment approach is anchored in your goals. We consider your return expectations, tolerance or appetite for risk, time horizon, liquidity needs and other factors specific to you to create your personalized portfolio.

Laying the foundation

Your portfolio’s strategic asset allocation is the “North Star” for your return expectations and risk tolerance. We believe a well-diversified portfolio built for the long term starts with three key building blocks:

This table defines the three key ingredients of the portfolio-building process.

This table defines the three key ingredients of the portfolio-building process. They are: growth, stability and diversification. Equities offer growth and bring higher volatility. Cash and high-quality bonds provide income and stability, and come with a lower expected return. Alternatives bring an additional element of diversification and have varying degrees of liquidity.


Layering on tactical flexibility

Our Chief Investment Officer and his team continually assess the market environment for tactical opportunities. These opportunities are meant to enhance the return, risk or diversification of the overall portfolio.

Our specialists assess opportunities and dislocations within and across asset classes before making any recommendations. They evaluate the recommendations’ expected contribution to the portfolio under various economic conditions. Next, they propose the vehicle best-suited for the investment. While vetted vigorously across the entire team, the final decision for all transactions lies with our Chief Investment Officer.

This pie chart divides a hypothetical portfolio into its component asset classes, adhering to the principles of growth, stability and diversification.

This pie chart divides a hypothetical portfolio into its component asset classes, adhering to the principles of growth, stability and diversification. Growth is achieved by investments in U.S. equities, Europe equities, emerging market equities, Japan equities and Pacific equities. Stability is represented through core bonds, high yield/extended credit bonds, and inflation-linked bonds. Enhanced diversification is provided by investments in hedge funds and liquid alternatives, which include equity long-short, event-driven, relative value and macro strategies.


Asking (and answering) the right questions

Designing the right portfolio for you begins with a thorough understanding of your financial objectives as well as your desire and comfort for taking risk. Your portfolio will incorporate your preferences, coupled with our guidance.

We work with you to create a portfolio based on four investment decisions:

The four investment decisions central to a customized portfolio.

This graphic represents the four investment decisions central to a customized portfolio. They are: performance benchmark, geographic focus, implementation preference, and inclusion of alternatives.


Performance benchmark:
How will we measure performance? Is the goal to outperform the market? Or are consistency and stability more of a priority?

Geography: Based on your preferences, does it make the most sense to invest in your home market or globally?

Implementation: What investment vehicles align with your goals and preferences? Active managers or passive investments?  Or both?

Alternatives: Hedge funds and more liquid alternatives may enhance the diversification of your portfolio – are you in?

The final result

The right portfolio has a level of risk that feels manageable to you, giving you the confidence to always stay invested, even during drawdowns. That is critical to creating and preserving wealth over the long term. 


Managing Your Wealth
 

View Transcript (updates content above) Show Audio Description (updates content above)


Our Chief Investment Office has been entrusted with almost $300 billion of our clients’ wealth. Watch as professionals from the team discuss our process for investing on your behalf.

 

Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck

To learn more about J. P. Morgan’s investment business, including our accounts, products and services, as well as our relationship with you, please review our  J.P. Morgan Securities LLC Form CRS and  Guide to Investment Services and Brokerage Products.

This website is for informational purposes only, and not an offer, recommendation or solicitation of any product, strategy service or transaction. Any views, strategies or products discussed on this site may not be appropriate or suitable for all individuals and are subject to risks. Prior to making any investment or financial decisions, an investor should seek individualized advice from a personal financial, legal, tax and other professional advisors that take into account all of the particular facts and circumstances of an investor's own situation. 

This website provides information about the brokerage and investment advisory services provided by J.P. Morgan Securities LLC (JPMS). When JPMS acts as a broker-dealer, a client's relationship with us and our duties to the client will be different in some important ways than a client's relationship with us and our duties to the client when we are acting as an investment advisor. A client should carefully read the agreements and disclosures received (including our Form ADV disclosure brochure, if and when applicable) in connection with our provision of services for important information about the capacity in which we will be acting.

INVESTMENT AND INSURANCE PRODUCTS ARE: • NOT FDIC INSURED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY • NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, JPMORGAN CHASE BANK, N.A. OR ANY OF ITS AFFILIATES • SUBJECT TO INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED

Equal Housing Opportunity logo

J.P. Morgan Chase Bank N.A., Member FDIC. Not a commitment to lend. All extensions of credit are subject to credit approval.

Investments in alternative investment strategies is speculative, often involves a greater degree of risk than traditional investments including limited liquidity and limited transparency, among other factors and should only be considered by sophisticated investors with the financial capability to accept the loss of all or part of the assets devoted to such strategies.

Borrowing with securities as collateral involves certain risks, including the possibility that you may need to deposit additional securities and/or cash in the account to meet a maintenance call, and that securities in the account may be sold to meet the maintenance call.  Proper management of your account and a thorough understanding of the conditions that may affect your investments will assist you in effectively using the margin lending program.​

J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment advisor, member FINRA and SIPC. Annuities are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. Certain custody and other services are provided by JPMorgan Chase Bank, N.A. (JPMCB). JPMS, CIA and JPMCB are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states.

Please read additional Important Information in conjunction with these pages.