J.P. Morgan Launches J.P. Morgan CARS SM -- Cash Allocation and Rebalancing Solution - Supporting Target Date Funds
NEW YORK, - J.P. Morgan Worldwide Securities Services today announced the launch of J.P. Morgan CARSSM, a new and market-leading automated platform for daily cash allocation and rebalancing of target date funds - both custom and open architecture - and other complex fund of fund structures. Because any investment product or pool is supported, the platform enables pension sponsors, investment managers and consultants to design and implement highly customized solutions with flexibility, efficiency and control.
J.P. Morgan CARS SM allows clients to implement a unique allocation strategy (“glide path”) with any configuration of underlying investments. The platform is scalable and secure with configurable parameters that enable efficient administration and embedded system controls. It is integrated with J.P. Morgan’s custody, accounting and reporting services.
“The pension industry continues to undergo significant change, driven by the broad and continuing shift of responsibility for retirement savings from plan sponsors to plan participants,” said Mark Kelley, Americas Markets Executive for J.P. Morgan Worldwide Securities Services. “By providing an automated rebalancing solution, J.P. Morgan CARS SM will enable clients to deliver customized and innovative investment solutions to help achieve better retirement outcomes for their plan participants, reduce costs and mitigate fiduciary risks.”
About J.P. Morgan Worldwide Securities Services
J.P. Morgan Worldwide Securities Services is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. Worldwide Securities Services leverages the firm’s unparalleled scale, leading technology and deep industry expertise to service investments around the world. It has $16.6 trillion in assets under custody and $7.1 trillion in assets under administration. For more information, go to www.jpmorgan.com/visit/wss.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, Small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
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