JP Morgan to launch discretionary service and funds of funds

Jasper Berens 450

JP Morgan Asset Management is to launch an actively-managed discretionary portfolio service and a fund of funds range.

The JP Morgan Adviser Solutions will launch during the first quarter of 2013, and will include the discretionary service JPM Elite Portfolio and fund of funds range JPM Fusion Funds.

The JPM Elite Portfolio range will include six whole-of-market, actively-managed, risk-graded portfolios.

The fund of funds JPM Fusion range will consist of five actively-managed funds “strategically positioned” on the risk spectrum and will draw on the asset allocation, fund selection and risk control systems from the JP Morgan Private Bank.

Head of UK funds business Jasper Berens (pictured) says: “JP Morgan 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.

“We’ve spent a lot of time with key industry opinion leaders to develop what we believe will be one of the most comprehensive and competitive offerings in the market.”

He adds: “With an offering that includes risk-graded discretionary portfolios and multiple fund-of-funds, built with outstanding research and asset allocation capabilities, as well as full audit trails on the adviser and client decision making processes, including attitude to risk, I believe that JP MorganAdviser Solutions is ideally placed to help UK advisers continue to offer the very best in service.”

The Fusion range will carry an annual management charge of 0.75 per cent, while the the standard charge for the Elite Portfolio range is 0.6 per cent.