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JP Morgan Announces Details Of Impending "Adviser Solutions" Unit

JP Morgan Asset Management has unveiled its range of actively-managed discretionary portfolios and fund-of-funds, in advance of the launch of its Adviser Solutions offering, an investment outsourcing solution for UK advisors.
JP Morgan Adviser Solutions, to be launched in the first quarter of 2013, is designed to support the management requirements, investment and client servicing needs of UK advisors. This includes record-keeping and regulatory requirements, as well as assistance with investment research and selection.
The US-listed asset management firm previously said that the decision to launch the unit came after consultations with clients on how to best assist them following the implementation of the Retail Distribution Review, which comes into effect on 31 December.
The portfolios and fund-of-funds availble via JP Morgan Adviser Solutions include:
- Six whole-of-market and actively-managed multi-fund
portfolios; the risk-graded JPM Elite Portfolios will be
managed on a discretionary basis.
- Five whole-of-market fund-of-funds that are actively managed, with each one positioned at a key point on the risk spectrum. The JPM Fusion Fund range will draw on the asset allocation, fund selection and risk control systems from JP Morgan Private Bank.
The investment portfolios will be built and managed by the JP Morgan Adviser Solutions investment team, which consists of members from JP Morgan Asset Management and JP Morgan Private Bank. The firm said any of the portfolio and fund-of-funds solutions can be held in an ISA or a SIPP.
“UK advisors are facing significant changes to their business models under the RDR and are finding themselves under pressure to continue to deliver the very best advice whilst ensuring a high level of reporting and client servicing," said Jasper Berens, head of UK funds at JP Morgan Asset Management. "In addition, the way in which most UK advisors buy funds is set to change...", he added.
JP Morgan Asset Management has $1.4 trillion in assets under management, as at 30 September.