J.P. Morgan Asset Management

CRD#107038
Investment Advisor Firm

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Overview

J.P. Morgan Asset Management operates as an advisory firm located in New York, New York. J.P. Morgan Asset Management controls $1.4 trillion in total assets over 37,591 accounts, placing it among the biggest investment advisory firms in the United States by assets under management (AUM). The company has a very large group of 3,082 employees, seven hundred thirty-three of whom are financial advisors. J.P. Morgan Asset Management is not a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer firm to do so. Securities are defined as tradable financial investments such as options, bonds and equities.

J.P. Morgan Asset Management administers the majority of the company's accounts in a discretionary manner. Discretionary management signifies that an investment advisor has the discretion to make transaction choices for the client's account without needing to seek the client's permission. It also has 47 non-discretionary accounts totaling $4.8 billion in assets under management. J.P. Morgan Asset Management manages an average of $37.2 million for each customer account. An average advisor at J.P. Morgan Asset Management manages about 51 client accounts, making it about average in terms of personalization.

J.P. Morgan Asset Management's central office is at 383 Madison Avenue, New York, New York 10179-0001. It is allowed to provide services to investors across 52 U.S. states and territories.

Number of Advisors

733

Disclosures

No

Office Location

383 Madison Avenue
New York, NY 10179-0001

J.P. Morgan Asset Management by the Numbers

Total Number of Employees

3,082

National Average: 4,943
Total Number of Accounts

37,591

National Average: 2,522
Average Account Size

$37.3 million

National Average: $1.3 million

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Products and Services

J.P. Morgan Asset Management offers a number of services, which can consist of portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services and selection of other advisers. The company is engaged in selling products or offering services other than investment advisory services to its customers. The firm is also affiliated with a number of other service providers in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, pension consultant, real estate broker or dealer and commodity pool advisor.

Core Advisor Services

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    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 63% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 23% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Financial advisory fees usually are based on which service is provided. However, fee types charged by the company most likely include the following fee structures: asset-based, fixed or performance-based. The firm participates in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.

Available

  • Offered by 75% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 17% of firms

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Offered by 40% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

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    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 3% of firms that offer this fee type

    Commissions

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    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

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    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The company manages money for a number of different investors. The company caters to high net worth investors, banking institutions, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, other investment advisors, insurance companies, sovereign wealth funds, corporations and other types of clients. Out of its 37,591 customers, J.P. Morgan Asset Management's largest client type is other, although it also manages money for two high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the company's accounts reside abroad.

  • High-Net-Worth Individuals* - 0.01%
  • Other Individuals - 0%
  • Corporations - 99.46%
  • Charitable Organizations - 0.53%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

J.P. Morgan Asset Management does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA