27th Oct 2009 16:40
J.P. Morgan Funds has launched an online version of its target date evaluation program, the Target Date Compass. The program provides a framework advisors can use to evaluate design factors such as time horizon, participant behavior, risk management and asset class diversification, and identify those target date strategies that are most closely aligned with the goals of the plan sponsor and its participants.
"With a vast universe of target date funds to choose from, advisors and plan sponsors need a framework to sort out and identify the right option based on their goals," said David Musto, head of J.P. Morgan's retail investment only retirement business. "With Target Date Compass, advisors can make sure they have thoroughly assessed the elements of a fund's design and whether or not it is the right match for the plan. We have now made the advisor's job easier by providing them with the ability to go online to customize and generate these reports more efficiently, so that they can serve their clients in a timely way."
Advisors have real-time access to the Compass, which plots the plan sponsor to a specific target date type, and identifies the target date strategies associated with that target date type. Now, advisors can go online and customize the Compass by adding or removing funds from the Target Date universe in order to focus on the most relevant funds. In addition, they can generate, in real-time, a detailed target date analysis report which provides a side-by-side quantitative and qualitative analysis of the selected funds. The advisor may also archive pervious reports on the system.
Once the target date type is determined, then an advisor can identify the appropriate funds, conduct due diligence, prepare a recommendation, and support the implementation of the selected target date fund. The universe of target date funds and data behind the online analysis of Target Date Compass is powered by Lipper.
For more information, visit www.jpmorganfunds.com/compass
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under supervision of $1.5 trillion, is a global leader in investment and wealth management. J.P. Morgan Asset Management's clients include institutions, retail investors and high-net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. J.P. Morgan Asset Management provides trust and estate, banking and brokerage services to high-net-worth clients and retirement services for corporations and individuals. JPMorgan Chase & Co. (NYSE: JPM), the parent company of J.P. Morgan Asset Management, is a leading global financial services firm with assets of $2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com
Press:J.P. Morgan Asset ManagementKristen Chambers, 212-622-4111[email protected]
Copyright Business Wire 2009
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