JPMorgan Asset Management has unveiled details of JPMorgan Adviser Solutions, an investment outsourcing solution for UK advisers which is set to be launched in the first quarter of next year.
A JPMorgan spokesperson told SRP that the business will not include structured products at launch but that "this could very well change as the offering develops."
JPMorgan Adviser Solutions is an online solution designed to support the management requirements, investment and client servicing needs of UK advisers, including record keeping and regulatory requirements as well as helping with advisers' investment research and selection.
"UK advisers are facing significant changes to their business models under the Retail Distribution Review 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 (pictured), head of UK funds business at JPMorgan Asset Management. "In addition, the way in which most UK advisers buy funds is set to change and we need to meet that change with products and solutions that best suit our clients. JPMorgan Adviser Solutions has been built to help advisers who wish to outsource their clients' investments, to do what they feel they do best, which is financial planning."
The US investment bank has also unveiled a range of actively managed discretionary portfolios and fund-of-funds which will be available through JPMorgan Adviser Solutions including the JPM Elite Portfolios, consisting of six whole-of-market and actively managed portfolios that are multi-fund; and the JPM Fusion Fund range, consisting of five whole-of-market fund-of-funds and actively managed with each one strategically 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 JPMorgan Private Bank.
The investment portfolios will be built and managed by the JPMorgan Adviser Solutions investment team which consists of members from JPMorgan Asset Management and JPMorgan Private Bank.