JPM looks at adviser outsourcing service
More on Your Business
- Vanguard attempts to quantify value of advice
- Q&A: It’s hard work when your job loses its spark
- Diary of an advisor: Ashley France
In focus: Outsourcing Investments
The head of UK funds for JPMAM, said the service would be known as JPM UK Adviser Solutions.
He said: “The structure of our UK business and our expertise as a product provider means the launch of an investment outsourcing solution represents a natural evolution of, and addition to our existing offering.
“With our clients’ needs at the core of our thinking, we are focusing on building investment solutions that will allow those advisers who wish to outsource their clients’ investments, to do what they feel they do best, which is financial planning.”
The announcement follows the launch of Asset Management Solutions by JPMAM, which comprises the firm’s investment management global multi-asset group, as well as its private banking global access portfolios and thematic and opportunistic advisory programmes.
Andrew Reeves, director of Northamptonshire-based the Investment Coach, said: “JPMAM tends to present useful information for advisers although we do use other outsourced options. About half of the business is outsourced. It depends on the size of the client and where our skills are and therefore, where we can add value.
“It tends to be that bigger cases go outsourced, and smaller ones stay in-house as that keeps the cost down. Increasingly we are having to turn smaller clients away as a consequence of the retail distribution review. Our segmentation will probably lead us to outsource arrangements.”