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 based in New York, New York. The company handles $1.7 trillion in assets under management across 47,011 client accounts, making it one of the largest investment advisory firms in the nation by assets under management (AUM). The firm has a very large group of 3,124 employees, of which 597 are financial advisors. J.P. Morgan Asset Management does not act as a registered broker-dealer, meaning the company is not able to buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer company to do so. Securities are defined as exchangable fiscal assets such as bonds, options and equities.

J.P. Morgan Asset Management manages most of its client assets on a discretionary basis. Discretionary management is a structure in which a portfolio manager has the discretion to make transaction decisions for the client's account without requiring client consent. The firm also manages 66 non-discretionary accounts totaling $10.3 billion in AUM. The advisory firm oversees roughly $35.7 million in assets for every client account. The average financial advisor at J.P. Morgan Asset Management oversees about 79 client accounts.

J.P. Morgan Asset Management's main office is located at 383 Madison Avenue, New York, New York 10179-0001. The firm is allowed to provide services to investors across 51 U.S. states and territories.

Assets Under Management

$1.7 trillion

Number of Advisors

597

Disclosures

No

Office Location

383 Madison Avenue
New York, NY 10179-0001

J.P. Morgan Asset Management by the Numbers

Total Assets Under Management

$1.7 trillion

National Average: $3.7 billion
Total Number of Employees

3,124

National Average: 29
Total Number of Accounts

47,011

National Average: 2,073
Average Account Size

$35.7 million

National Average: $1.8 million

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Products and Services

J.P. Morgan Asset Management provides a variety 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, selection of other advisers and educational seminars. J.P. Morgan Asset Management does not sell products or offer services aside from investment advisory services to its investment advisory clients. J.P. Morgan Asset Management also has a number of financial industry affiliations, 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 62% 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.

  • Offered by 10% of firms

    Educational Seminars/Workshops

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

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Fee Structure

A financial advisor's fees vary depending on which services are provided. Fee types charged by the firm can consist of any blend of the following fee types: asset-based, fixed or performance-based. J.P. Morgan Asset Management does participate in a wrap fee program, in which the firm offers a bundle of services for a single fee.

Available

  • Offered by 74% 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

  • Find one of the 35% of firms that offer this fee type

    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 2% of firms that offer this fee type

    Commissions

    Show Explanation

    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.

  • Find one of the 12% of firms that offer this fee type

    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 firm does business with a number of different customers. It caters to high net worth investors, banking institutions, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, other investment advisers, insurance companies, sovereign wealth funds, corporations and other. Out of its 47,011 clients, J.P. Morgan Asset Management's largest client by number of accounts is other, but it also serves seven high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of its clients are non-U.S. persons.

  • High-Net-Worth Individuals* - 0.02%
  • Other Individuals - 0%
  • Corporations - 99.64%
  • Charitable Organizations - 0.34%

* 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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Financial Advisors at J.P. Morgan Asset Management

Mariana Connolly
New York, NY

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This content was compiled from the SEC and FINRA