JP Morgan Asset Management will offer actively managed portfolios and a range of fund of funds as part of its discretionary service which will launch early next year.
The JPM Elite Portfolios consists of six risk-graded multi asset funds, ranging from income to growth with a portfolio management fee of 0.6% and a platform fee of 0.5%.
The JPM Fusion Fund range will consist of five risk-rated fund of funds and will reflect the fund selection and risk-targeting of JP Morgan Private Bank. The annual management charge is 0.75%.
The new portfolios will be available through JP Morgan Adviser Solutions for intermediaries.
The asset manager is set to launch the discretionary service in the first quarter of 2013.
Jasper Berens (pictured), head of UK funds business at JP Morgan Asset Management, said that the service was designed to help advisers focus on 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,’ he said.