16 funds added to J.P. Morgan direct consumer platform
J.P. Morgan Asset Management has added 16 funds from Allianz Global Investors* to enhance its direct-to-consumer offering via its WealthManager+ platform. Investors now have access to more than 600 third-party funds from 27 leading asset managers.
The added funds include a number of Allianz Global Investors' BRIC, US, European and UK equity offerings which are available via the J.P. Morgan WealthManager+ platform at no initial charge.
J.P. Morgan WealthManager+ enables clients to invest directly into funds or make the most of their tax efficient allowances through an open-architecture platform that includes the ability to invest via an Individual Savings Account (ISA) and the J.P. Morgan Self Invested Personal Pension (SIPP), providing investors with the choice and flexibility they need to help take control of their retirement planning. The minimum lump sum investment is £500 and minimum regular contribution is £50 per month for investments in ISAs, SIPPs and Investment Accounts.
In addition, J.P. Morgan WealthManager+ provides a range of financial tools, including sample portfolios and access to some of J.P. Morgan Asset Management's best thinking and investment expertise. The platform also offers tools that help investors to understand their risk tolerance and create an appropriate investment strategy.
Launched in 2009, J.P. Morgan WealthManager+ offers a range of investments, products, information and planning tools to enable investors to consolidate existing and future investments, as well as plan, view and manage this all in one place. In addition to J.P. Morgan investment trusts, OEICs and SICAVs, investors also have access to a wide range of investments, including managed funds from other fund management groups, as well as FTSE-All Share equities, ETFs and bonds.
Peter Feasey, Head of Direct Clients commented: "We're very pleased to be adding these Allianz Global Investors funds to the platform. WealthManager+ continues to go from strength to strength and our direct investors can now gain access to an even broader set of funds and providers. Earlier this year, we reduced our initial charge to 0% and introduced improvements to our overall charging structure, reduced our minimum investment amounts for both lump sum and regular investments and simplified our documentation. Customer feedback has been extremely positive and we are thrilled with the success and growth of the platform to date."
Nick Smith, a Managing Director of Allianz Global Investors Europe added: "We are delighted to see 16 of our funds identified as leaders in the third party funds sphere. Inclusion on this platform, which has witnessed ongoing success since inception, is an exciting development for Allianz Global Investors. We are committed to extending our reach and look forward to continuing our work with J.P. Morgan Asset Management to ensure maximum accessibility to our top funds."
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