J.P. Morgan Asset Management

CRD#107038
Investment Advisor Firm

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Learn more about J.P. Morgan Asset Management

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    J.P. Morgan Asset Management is an advisory company that has its headquarters in New York, New York. It controls $1.4 trillion in assets over 37,591 accounts, placing it among the biggest firms in the country by assets under management (AUM). The company has a very large group of 3,082 employees, of which 733 are financial advisors. J.P. Morgan Asset Management does not act as a registered broker-dealer, meaning it is not able to buy and sell securities for its customers' and own accounts and instead has to go through a broker-dealer company to do so. Securities are tradable fiscal assets such as bonds, options and stocks.

    J.P. Morgan Asset Management oversees 37,544 of its client assets in a discretionary manner. Discretionary management signifies that an investment advisor has the discretion to make transaction choices without requiring client permission. It also has 47 non-discretionary accounts totaling $4.8 billion in AUM. The firm's average account size is $37.2 million. An average financial advisor at J.P. Morgan Asset Management oversees around 51 client accounts, making it about average in terms of personalization.

    The company's central office is located at 383 Madison Avenue, New York, New York 10179-0001. The firm is permitted to provide services to customers throughout 51 U.S. states and territories.

    Assets Under Management

    $1.4 trillion

    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 Assets Under Management

    $1.4 trillion

    National Average: $3.3 billion
    Total Number of Employees

    3,082

    National Average: 31
    Total Number of Accounts

    37,591

    National Average: 1,935
    Average Account Size

    $37.3 million

    National Average: $1.7 million

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    Products and Services

    J.P. Morgan Asset Management provides a number of financial services, which can include 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. J.P. Morgan Asset Management is engaged in selling products or offering services different than investment advice to its customers. It is 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 61% 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

    Fees charged by financial advisors usually depend on which services are offered. Fees billed by J.P. Morgan Asset Management most likely are comprised of some combination of the following fee types: asset-based, fixed or performance-based. The firm does participate in a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.

    Available

    • Offered by 72% 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 39% 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

    J.P. Morgan Asset Management manages money for a number of different investors. J.P. Morgan Asset Management provides services 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 37,591 accounts, J.P. Morgan Asset Management's largest client group is other, but it also serves two high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of more than $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 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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    Financial Advisors at J.P. Morgan Asset Management

    Mariana Connolly
    New York, NY
    Amy Handelman
    New York, NY

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    This content was compiled from the SEC and FINRA