NEW YORK, May 29, 2018 /PRNewswire/ -- J. P. Morgan Asset
Management is announcing a major upgrade to its popular Target Date
CompassSM tool that advisors use to help plan sponsors
make informed target date fund selections. The new Target
Date Compass has easier, more intuitive navigation, deeper
analytics, and greater customization. Together, these
enhancements make Target Date Compass an even more indispensable
resource for the timely, accurate and prudent analysis of the
ever-changing target date fund universe.
First introduced a decade ago, Target Date Compass set the
standard for helping defined contribution plan sponsors evaluate
the critical differences among target date funds and has maintained
its reputation as the industry leading tool. Powered by
J.P. Morgan Spectrum* using Morningstar data, the enhanced Target
Date Compass continues to help plan sponsors determine which target
date funds fit their plans' goals.
Thousands of advisors use Target Date Compass to help their plan
sponsor clients narrow the growing array of fund choices. The
program asks plan sponsors to consider important plan criteria
including objectives, risk tolerance, demographics and expected
participant behavior. Answers to these questions help plan
decision-makers identify the Target Date Type that best matches
plan goals and participant needs. This allows plan sponsors to
concentrate on a group of funds that are likely to match the plan's
goals and objectives.
"With of the vast number of target date fund choices in the
market, it is virtually impossible to make an informed choice
without exhaustive analysis of the fund universe," said
Catherine Peterson, Global Head of
Insights Programs at J.P. Morgan Asset Management. "Target
Date Compass allows advisors to conduct this analysis in a matter
of minutes and generate custom reports that help meet fiduciary
obligations with a well-defined process for making, documenting and
defending target date fund decisions."
The need for such a program is more critical than ever.
Not only do target date funds represent more than 60 percent of net
flows within defined contribution plans, according to Callan
Investment Institute, but this growth has led to a multiplicity of
fund choices, making decisions for plan sponsors even more
complex.
Just as important is how this innovative program can help plan
sponsors meet their fiduciary responsibilities for target date fund
evaluation and selection. "It's not only critical for plan
sponsors to make prudent target date fund selections, the process
helps them fulfill responsibilities of acting in the best interest
of their participants," said Mike
Miller, Head of Retirement Distribution for J.P. Morgan
Asset Management. "Offering such a program is just one of the
many ways that J.P. Morgan can help plan sponsors and their
advisors make more-informed decisions. And it has the
absolute added bonus of being easy to use and customizable."
*J.P. Morgan Spectrum is the asset management division's
multi-faceted, end-to-end technology platform.
About J.P. Morgan Asset Management – Retirement
J.P. Morgan Retirement, part of J.P. Morgan Asset Management, is
a leading provider of comprehensive retirement solutions and is
dedicated to improving individual retirement outcomes. The
group has defined contribution assets under management of
$118 billion, as of March 31, 2018.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of
$1.7 trillion, 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 asset management firm with assets of approximately
$2.4 trillion and operations in more
than 60 countries. Information about JPMorgan Chase & Co.
is available at www.jpmorganchase.com.
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SOURCE J.P. Morgan Asset Management