The JP Morgan Adviser Solutions will support the management requirements, investment and client servicing needs of UK advisers, including investment research, record keeping and regulatory requirements as well as the new ranges.
JPM Elite Portfolios consists of six whole-of-market and actively managed portfolios, which are risk graded and run on a discretionary basis. The standard charge applied to the range will be a portfolio management fee of 0.6% and a platform fee of 0.5%.
The JPM Fusion Funds range comprises five whole-of-market funds of funds, carrying an annual management charge of 0.75%. They are actively managed and each will be strategically positioned at a key point on the risk spectrum.
Jasper Berens, head of UK retail at JPMAM, said: "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.
“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. 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."
JP Morgan Adviser Solutions goes live in the first quarter of 2013.
