TAX PLANNING

J.P. Morgan Asset Management Acquires 55ip

J.P. Morgan, 55ip | December 04, 2020

J.P. Morgan Asset Management today reported that it has gone into a complete consent to procure 55ip, a financial technology company with proprietary capabilities empowering financial advisors to convey tax-smart investment strategies at scale. The company will keep on operating as a separate element, under its own image, with the full support of J.P. Morgan and stays focused on serving its current customers and enterprise partners. The details of the arrangement were not revealed.

55ip is a pioneer in automated tax technology and has provided financial advisors with a tax-smart investment technique motor for almost five years. Its natural experience and astute computerization improve portfolio plan and conveyance, sparing advisors time and helping to drive better results for financial specialists. At the core of the experience is 55ip's ActiveTax Technology®, which incorporates tax-smart advances, management (counting deliberate tax-misfortune reaping), and withdrawals. 55ip additionally helps advisors convey continuous tax-smart exchanging and tax advantage reporting to customers.

"Advisors are increasingly seeking intelligent, automated tools to provide simplicity, scale and efficiency, and by acquiring 55ip we are accelerating our significant investments in advanced advisor technology," said George Gatch, CEO of J.P. Morgan Asset Management. "This is an exciting development that signifies broad collaboration between fintech and asset managers, aimed toward improving capabilities and outcomes for advisors and their clients."

"55ip's unique application of automated tax management to the model portfolio universe has tremendous potential in today's market environment. Automating sophisticated strategies while also allowing for customization for tax and individual preferences is a differentiator and will be a key driver of success," said Jed Laskowitz, Global Head of Asset Management Solutions at J.P. Morgan Asset Management. "We are excited to work together to build a leading platform for asset managers to deliver model portfolio capabilities to financial advisors."

"55ip combines investment intelligence and modern technology to provide personalized and automated investment solutions with a focus on reducing barriers investors face," said Dr. Vinay Nair, Founder and Executive Chairman of 55ip. "Tax-related savings are first order, especially in a world with lower rates, lower returns and higher taxes. We are delighted that J.P. Morgan shares our vision to democratize sophisticated tax management."  Dr. Nair will stay on as a consultant and special advisor to J.P. Morgan Asset Management.

"Joining forces with J.P. Morgan will provide greater resources for our current clients and enterprise partners, accelerate our innovation and broaden access to our solutions," added Paul Gamble, CEO of 55ip. "55ip's purpose is to break down barriers to financial progress, by finding better ways to help more people through intelligent automation. Being part of J.P. Morgan will accelerate our ability to do just that, as the industry standard tax-smart investment strategy engine."

55ip remaining parts focused on its partnerships with outsider asset supervisors, tacticians and abundance management platforms to drive model portfolio use as an important part of its general technique. The potential addressable market for asset director and outsider tactician models is as much as $3.6T*, exhibiting the craving for financial advisors to carry simplicity and scale to their practices, while conveying tax-smart management and investment results.

About 55ip
55ip is a financial technology company whose purpose is to break down barriers to financial progress. Financial advisors use 55ip's tax-smart investment strategy engine to improve their efficiency and effectiveness. 55ip's intuitive experience and intelligent automation elevate portfolio design and delivery, helping advisors save time and drive better outcomes for their clients. At the heart of the experience is 55ip's ActiveTax Technology®, which includes tax-smart transitions, management, and withdrawals.

About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of USD 2.2 trillion (as of 30 September 2020), is a global leader in investment 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

Spotlight

The digital age has changed the way many of us use our banking services, but with technology constantly evolving, what other innovations can we look forward to in the future? Our Group Head of Digital Banking.

Spotlight

The digital age has changed the way many of us use our banking services, but with technology constantly evolving, what other innovations can we look forward to in the future? Our Group Head of Digital Banking.

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