J.P. Morgan’s (JPM) Asset Management segment offers investment and wealth management services. Its clients include institutions, high-net-worth individuals, and retail investors. The segment offers investment management across all major asset classes including equities, fixed income, alternatives, and money market funds. It also provides retirement products and services, brokerage, and banking services including trusts and estates, loans, mortgages, and deposits to individual investors.
J.P. Morgan’s Asset Management segment’s revenues grew by 5% and net income grew by 3% compared to the previous year.
Institutional Asset Management
Institutional Asset Management offers comprehensive global investment services, including asset management, pension analytics, asset-liability management and active-risk budgeting strategies. Clients include corporate and public institutions, endowments, foundations, nonprofit organizations, and governments.
The graph above shows the growth in institutional assets under management, or AUM, by client segment. As you can see, the segment’s market share based on institutional assets under management has increased over the last five years.
Private Banking offers global investment advice and wealth management services to high- and ultra-high-net-worth individuals, families, business owners, and small corporations. Services include capital markets and risk management, tax and estate planning, capital raising and specialty-wealth advisory services, and banking.
J.P. Morgan ranks number three on Barron’s list of America’s top wealth management firms. The firms are ranked according to client assets in accounts of $5 million or more. Bank of America (BAC) tops the list followed by Morgan Stanley (MS). Wells Fargo (WFC) follows J.P. Morgan at number four. Together, these four firms form ~24% of the Financial Select Sector SPDR ETF (XLF).