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Products May 27, 2008
Chase Launches Investment Advisory Program
Chase introduced the Chase Strategic Portfolio, delivered by financial advisers in Chase branches.
Reported by Ellie Behling
The diversified portfolios—which might include mutual funds, exchange-traded funds (ETFs), separately managed accounts, and money market funds—seek to enhance returns while reducing risk, Chase says.
The minimum initial investment is $50,000 and customers can select from 26 investment portfolios, including 13 retirement accounts. The annual fee is based on the average asset value in the customer’s portfolio, according to the company.
An adviser will determine the best asset-allocation strategy and portfolio based on the needs of individual customers, and will be available to discuss the performance of the portfolio on an ongoing basis, the release says.
JPMorgan Asset Management monitors the portfolio and implements all transactions.
Contact JPMorgan Funds Distribution Services at 1-800-480-4111 for a prospectus or visit www.jpmorganfunds.com.