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Deals & People July 6, 2011
J.P. Morgan Selected by New York’s 529 Advisor Plan
J.P. Morgan Asset Management has been selected as the investment
manager and distributor for New York's 529 College Savings Program
Advisor Plan.
Reported by PLANADVISER staff
New York’s 529 College Savings Program Advisor Plan currently has more than $1.9 billion and more than 125,000 accounts.
J.P. Morgan’s Advisor Plan line-up will give advisers maximum flexibility to help clients tailor investments to their individual needs. The options include actively managed age-based options and asset allocation and single-fund portfolios that leverage both active J.P. Morgan mutual funds and third party Index and Exchange Traded Funds.
J.P. Morgan’s distribution network will allow New Yorkers to access the Advisor Plan through multiple touchpoints, including the over 128,000 financial advisers the firm has existing distribution relationships with, or any one of Chase’s 1,000 branches throughout the state of New York.