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J.P. Morgan Launches Tax Smart SMA Platform to Help Advisors Create Customized Portfolios on Demand

05/03/2022 | 08:31am EDT

Digital platform leverages 55ip's ActiveTax® technology to allow advisors to create customized, tax-efficient portfolios

Custom Invest - U.S. Large Cap Equity is the first strategy on platform, benchmarked to S&P 500

NEW YORK, May 3, 2022  /PRNewswire/ -- J.P. Morgan Asset Management today announced the launch of a new Tax-Smart Separately Managed Account (SMA) Platform allowing advisors to build customized portfolios and seek better after tax returns for their clients. The platform combines J.P. Morgan's investment expertise with 55ip's tax-smart technology and will be one of the first of its kind to offer custom index SMAs, and model portfolios of mutual funds and ETFs, in one digital portal, delivering seamless portfolio customization, tax management and reporting functionality.

The new platform transforms what is often a complex, paper-based task into a digital, on-demand experience allowing advisors to create custom SMAs in a few simple steps:

  • Customize investments – Using the J.P. Morgan Custom Invest SMA, create flexible, customized portfolios, incorporating clients' investment views, preferences and tax considerations.
  • Create custom, tax-smart transitions - Deliver tax transition proposals to ease the tax burden over time or limited to a specific tax budget.
  • Automate systematic tax management - Generate potential tax alpha through ongoing, systematic tax-loss harvesting with constant portfolio manager oversight.

"Investors and their advisors are increasingly seeking customized investment solutions and higher after-tax returns in anticipation of lower equity returns and higher taxes in the future," said Jed Laskowitz, Global Head of Asset Management Solutions at J.P. Morgan Asset Management. "We've dedicated a significant amount of time to building a cutting-edge, digital, on-demand platform that combines J.P. Morgan's thirty plus years' experience managing index strategies and 55ip's leading tax-smart technology."

The J.P. Morgan Custom Invest - U.S. Large Cap Equity Strategy will be the first SMA on the platform, enabling clients to create a custom portfolio of 275-350 stocks benchmarked to the S&P 500, delivering investor-directed customization and enhanced tax management capabilities. The strategy will leverage insights from J.P. Morgan's index team, which manages over $70 billion in indexed assets, and harnesses J.P. Morgan's 30-years of experience managing passive index strategies.

"Taxes can be a major barrier for advisors looking to transition clients to a more customized portfolio. The integration of 55ips's ActiveTax technology helps overcome this by allowing advisors to deliver tax-smart transitions and ongoing tax-loss harvesting while providing customization at scale" said Paul Gamble, CEO of 55ip. "The new platform is an example of combining best-in-class investment capabilities with intelligent automation to give advisors the power to deliver value to their clients."

"The new Tax-Smart SMA Platform is one of the first in the market to offer custom indices and model portfolios of mutual funds and ETFs in one digital portal," said Stephen Kaplan, Head of Customized Managed Account Solutions at J.P. Morgan Asset Management. "The new platform will allow advisors to customize portfolios live with a client – a process that typically takes days –to easily deliver customization and tax alpha."

About J.P. Morgan Asset Management

J.P. Morgan Asset Management, with assets under management of $2.6 trillion (as of 3/31/2022), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity.

J.P. Morgan Asset Management is the marketing name for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide.

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorgan Chase had $4.0 trillion in assets and $285.9 billion in stockholders' equity as of March 31, 2022. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world's most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

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SOURCE J.P. Morgan Asset Management


© PRNewswire 2022
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