Jpmorgan Alternative Asset Management

CRD#20989
Investment Advisor Firm

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Learn more about Jpmorgan Alternative Asset Management

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

    • Overview

    Jpmorgan Alternative Asset Management is located at 383 Madison Avenue, New York, NY. The firm employs 24 financial advisors to manage client portfolios and provide financial guidance. Jpmorgan Alternative Asset Management is not a registered broker-dealer.

    Jpmorgan Alternative Asset Management oversees $18.8 billion in assets under management across 287 accounts, of which 195 are discretionary and 92 are non-discretionary. The services offered include portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, selection of other advisers, and other services. The firm caters to high net worth investors, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, other investment advisers, insurance companies, sovereign wealth funds, corporations, and other types of investors, with the largest client type by accounts being categorized as other. The fee structure at Jpmorgan Alternative Asset Management includes asset-based and performance-based fees. The firm has 60 high net worth clients and maintains affiliations 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.

    Assets Under Management

    $18.8 billion

    Number of Advisors

    24

    Disclosures

    No

    Office Location

    383 Madison Avenue
    New York, NY 10179-0001

    Jpmorgan Alternative Asset Management by the Numbers

    Total Assets Under Management

    $18.8 billion

    National Average: $8.6 billion
    Total Number of Employees

    59

    National Average: 64
    Total Number of Accounts

    287

    National Average: 375,227
    Average Account Size

    $65.5 million

    National Average: $23.0 thousand
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    Products and Services

    Jpmorgan Alternative Asset Management provides a number of financial services, including portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, selection of other advisers, and other services. Notably, Jpmorgan Alternative Asset Management did not provide financial planning services to any of its customers in the previous fiscal year. The Company is not engaged in selling products or offering services aside from investment advisory services to its investment advisory accounts.

    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 46% 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 20% 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 typically are based on the services provided. Fees charged by Jpmorgan Alternative Asset Management likely consist of some combination of the following fee types: asset-based or performance-based.

    Available

    • Offered by 69% 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 26% 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.

    Unavailable

    • Find one of the 21% 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 1% 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 0% 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 32% of firms that offer this fee type

      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.

    • Find one of the 10% 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 company works with a number of different customers. The company caters to high net worth investors, 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 10 clients, Jpmorgan Alternative Asset Management's biggest client type by number of accounts is other investment advisers, though it also serves 60 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 in AUM or a net worth of at least $1,50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 22.73%
    • Other Individuals - 0%
    • Corporations - 67.05%
    • Charitable Organizations - 10.23%

    * 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

    Jpmorgan Alternative Asset Management does not have any disclosures.

    Please visit its Form ADV for more details.

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