The JPM Elite Portfolio range will include six whole-of-market, actively-managed, risk-graded portfolios.
JP Morgan Adviser Solutions will launch the service during the first quarter of 2013 and it will include the discretionary service JPM Elite Portfolio and fund of funds range JPM Fusion Funds.
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Additionally, the fund of funds JPM Fusion range will consist of five actively-managed funds, strategically positioned on the risk spectrum, and will draw on the asset allocation, fund selection and risk control systems from the JP Morgan Private Bank.
Commenting on the move, head of UK funds business Jasper Berens sais: "JP Morgan Adviser Solutions has been built to help advisers who wish to outsource their clients’ investments, to do what they feel they do best, which is financial planning."
While the Fusion range will carry an annual management charge of 0.75%, the standard charge for the Elite Portfolio range will be 0.6%.
The group’s asset management and private banking divisions will contribute to the management of both the products.
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