NEW YORK, April 20, 2016 /PRNewswire/ -- J.P. Morgan Asset Management today announced that it has hired Michael Bailey as managing director and national sales manager for the wealth management channel in its U.S. Funds business. Mr. Bailey was formerly national sales director at BlackRock, responsible for the distribution of BlackRock mutual funds, iShares ETFs and other investments through its Merrill Lynch division.
In his new role Mr. Bailey will oversee two divisional managers and 25 client advisors who work with wealth management firms across the country, such as Merrill Lynch, Morgan Stanley, UBS and Wells PCG.
"Wealth managers are very important partners for us in delivering investment solutions to end investors," said Andrea Lisher, head of J.P. Morgan's U.S. Funds business. "Mike's established relationships and success in covering these partners will be a boon to our business and will allow for continued growth in this channel."
J.P. Morgan has cultivated a successful sales force focused on financial intermediaries to distribute its investment capabilities. The fund family is the only firm in the top 5 of net sales for each of the last 5 years, bucking the trend of outflows for active managers. The firm has invested heavily in market insights, top-notch training capabilities and business intelligence, making its client advisors sought after for the insights and investments they can bring to the table.
J.P. Morgan has continued to grow its nationwide network of client advisors, growing its salesforce to 119 territories and continuing to add advisors year over year.
About J.P. Morgan Funds
J.P. Morgan Funds is the mutual fund arm of J.P. Morgan Asset Management. It is the 7th largest long-term manager in the U.S., with over $263 billion in long-term assets under management across a broad range of investment strategies in fixed income, equity, multi-asset, alternatives and absolute return.
J.P. Morgan Asset Management, with assets under management of $1.7 trillion (as of March 31, 2016), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high-net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. JPMorgan Chase & Co. (NYSE: JPM), the parent company of J.P. Morgan Asset Management, is a leading global financial services firm with assets of approximately $2.4 trillion (as of March 31, 2016) and operations in more than 60 countries. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
Investors should carefully consider the investment objectives and risks as well as charges and expenses of the fund before investing. The prospectus contains this and other information about the fund. Read the prospectus carefully before investing. (Call 1-844-4JPM-ETF or visit jpmorganetfs.com to obtain a prospectus)
Investing involves risk, including possible loss of principal. Shares are bought and sold market price, and are not individually redeemed from the fund. Brokerage commissions will reduce returns.
International investing involves a greater degree of risk and increased volatility. Changes in currency exchange rates and differences in accounting and taxation policies outside the U.S. can raise or lower returns. Also, some overseas markets may not be as politically and economically stable as the United States and other nations.
There is no guarantee the funds will meet their investment objective.
Diversification may not protect against market loss.
J.P. Morgan Exchange-Traded Funds are distributed by SEI Investments Distribution Co, which is not affiliated with JPMorgan Chase & Co. or any of its affiliates.
J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co. Those businesses include, but are not limited to, JPMorgan Chase Bank N.A., J.P. Morgan Investment Management Inc., Security Capital Research & Management Incorporated, J.P. Morgan Alternative Asset Management, Inc., and J.P. Morgan Asset Management (Canada), Inc.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
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SOURCE J.P. Morgan Asset Management