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J.P. Morgan Asset Management has added 51 funds from Threadneedle Investments (Threadneedle) to enhance its direct to consumer offering via its WealthManager+ platform bringing the total number of third party funds available to investors to just over 600.
The funds to be added include a number of Threadneedle's US, European and UK equity offerings as well as funds from their managed and fixed income ranges. All the funds will be available via the J.P. Morgan WealthManager+ platform at a charge of just 1% until October 1st 2011, when a new charging schedule sees the transaction charge reduced to 0%.
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 their entire wealth at a glance. In addition to existing 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.
J.P. Morgan WealthManager+ allows direct clients to make the most of their tax efficient allowances through a sophisticated open-architecture platform that includes the ability to invest via an ISA but also the J.P. Morgan SIPP which gives the choice and flexibility investors need to help them take control of their retirement planning.
A range of financial tools, including example portfolios, access to some of J.P. Morgan Asset Management's best thinking and investment expertise are also available. Tools that enable investors to understand their attitude to risk, as well as create an appropriate investment strategy for them are also on offer.
Peter Feasey, Head of J.P. Morgan WealthManager+ commented: "The platform is going from strength to strength with a choice of over 600 funds from 26 product providers and we will be adding more in the very near future. Now with nearly 70,000 registered accounts, we are thrilled with the success and growth of WealthManager+ in just 18 months. Clients are using the platform to keep track of their entire wealth from the value of their fixed assets to the value and tax-efficiency of their savings portfolios and many of the other portfolio planning tools are proving very popular. The platform also offers access to investment insights from our experts. We're very happy to now be enhancing our offering with Threadneedle's funds."
Gary Collins, Head of UK Wholesale Distribution at Threadneedle added: "We are pleased to have partnered with J.P. Morgan Asset Management to make our funds available directly to retail investors via their WealthManager+ platform. Threadneedle has a broad range of funds to meet different investor needs and with a strong track record of outperformance, by weighted assets under management* 74% of funds have outperformed over 1 year, 73% over 3 year and 84% over 5 years. We are looking forward to working with J.P. Morgan Asset Management to continue to build our business through their platform."
* as at 30 June 2011. All funds managed by Threadneedle including segregated accounts / portfolios, excluding funds sub-advised by a third party or guest funds on a Threadneedle platform. Total value of funds outperforming their relevant benchmark expressed as a percentage of total assets under management.
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