UK-based JP Morgan Asset Management has launched an online wealth management service called WealthManager+, which will offer investors direct access to a range of open ended investment companies, investment trusts, SICAVs and a range of UK equities and bonds, as well as a range of financial education and planning tools.
The platform's underlying services and technology were delivered by wealth management platform provider, FNZ.
JP Morgan said that the launch of the platform is in response to growing demand from existing clients seeking to consolidate their existing investments, manage their wealth more efficiently and access a range of new investments.
The range of applications will include a personal wealth report, an example asset allocation model, a risk profile builder, a tax efficiency breakdown of investments and a function allowing investors to choose the frequency of income payments from their investments.
JP Morgan said that in addition, investors will be able to take advantage of the most tax-efficient investment vehicles via an individual savings account (ISA) and a self-invested personal pension. They could also store further information such as the value of fixed assets and monies held on deposit so their entire net worth can easily and conveniently be viewed at any time under one secure wealth umbrella.
The launch of WealthManager+ will also reportedly offer retail investors a simplified route to over 300 investment trusts managed by JP Morgan Asset Management and other providers.
David Barron, head of investment trusts at JP Morgan Asset Management, said: "As the UK's largest manager of investment trusts and a major retail provider of open ended investment companies and ISAs, we have over 150,000 valued direct clients to which we are committed to providing the highest standard of service.
"As such we have spent a considerable amount of time developing JP Morgan WealthManager+ which not only enables investors to manage their entire wealth through one easy to understand website, but also provides them with the tools and knowledge to make better informed investment decisions. As the industry develops and there is an increasing need and desire for individuals to take control of their finances, we have taken steps to ensure we are continuing to serve clients by offering simplified access to investing."