J.P. Morgan Asset Management is to launch a fund of funds range and a set of discretionary portfolios as part of its adviser solutions offering launching next year.
The Q1 2013 launch of J.P. Morgan Adviser Solutions is designed to support UK advisers' "management requirements, investment and client servicing needs".
The JPM Elite Portfolios, six whole-of-market, actively managed multi-fund portfolios that will be risk-rated and run on a discretionary basis, will be joined by the JPM Fusion fund range - five fund of funds sitting at different points on the risk spectrum.
The Fusion range will draw on J.P. Morgan Private Bank's asset allocation, fund selection and risk control systems.
The Fusion funds will carry AMCs of 0.75%, while the JPM Elite Portfolios - only available via the J.P. Morgan Adviser Solutions platform - will charge a 0.6% AMC and a 0.5% platform fee.
"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," said Jasper Berens (pictured), head of UK funds business at JPM Asset Management.
"J.P. 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."
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