First Target Date Evaluation Tool Now Available Online to Advisors
NEW YORK--(Business Wire)--
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 Management
Kristen Chambers, 212-622-4111
kristen.chambers@jpmorgan.com
J.P. Morgan Asset Management
Copyright Business Wire 2009
