Investing with confidence
It is J.P. Morgan Asset Management’s obligation to arrange adequate protection for our clients’ assets when managing their assets and investments. As one of the world’s leading financial institutions we have robust internal controls and safeguards in place to ensure that our clients’ investments are segregated from our own assets at all times.
Please note that this doesn’t mean we can provide protection against market fluctuations – any investment in stocks and shares can fall in value and you may not get back the full amount invested.
One of the world’s leading financial institutions
J.P. Morgan Asset Management has been managing money for more than 200 years and today we are responsible for over £700 billion in assets under management as at 31 December 2010 – a testament not only to our investment expertise, but also to our clients’ trust in us.
J.P. Morgan Asset Management benefits from being part of JPMorgan Chase & Co., which is one of the world’s leading financial services providers. In 2011, JPMorgan Chase ranked 23rd out of 500 companies in Fortune’s annual list of the world’s most admired companies, which is voted for by 4,100 company directors, executives and financial analysts. In the ‘megabanks’ sector, JPMorgan Chase ranked highest in several categories including ‘quality of management’, ‘financial soundness’ and ‘long-term investment’.
We believe that the reputation of our parent group, including its strong balance sheet and commitment to financial strength, along with our investment expertise and experience, provides reassurance to thousands of investors around the world.
Separation of client assets from our assets
The UK financial services regulator, the Financial Services Authority, requires us to keep clients’ assets separate from our own assets. As a result, any investments you hold with us will be registered directly in your name or will be held in a nominee account on your behalf, while any cash will be held in a separate client money bank account.
This ringfencing means your cash and assets should be protected from any potential creditors of J.P. Morgan if a J.P. Morgan company was ever to be declared insolvent or cease trading.
Please refer to the Key Features and Terms and Conditions document for further details. OEIC investors should refer to the Prospectus.
Financial Services Compensation Scheme
In addition to the above segregation of assets, your investments with us may also be covered by the Financial Services Compensation Scheme (FSCS). This means that if a J.P. Morgan company was to become insolvent or cease trading you may be entitled to compensation should you suffer a loss as a result. The FSCS covers 100% of the first £50,000 of any investment, although the level of any compensation paid will depend on the circumstances of your claim.
If you have any cash within your J.P. Morgan account, this will be held in a client money bank account set up in the name of a JPMorgan nominee company. Should the bank with which the money is deposited become insolvent, you may be entitled to claim up to a total of £85,000 from the FSCS. However, you should note that this claim would take account of any money held directly by you with the bank.
You should note that the FSCS will not provide protection against losses caused by the bankruptcy of any of the underlying stocks in your investment portfolio (either held directly or as part of a pooled fund).
Further details of the FSCS can be obtained from www.fscs.org.uk.
The Financial Services Compensation Scheme
7th Floor, Lloyds Chambers
1 Portsoken Street
London E1 8BN
Client Order Execution Policy
J.P. Morgan Asset Management is required to take reasonable steps to ensure that the best possible result is obtained for clients when executing deals. This document sets out the policy that has been put in place to ensure that this occurs.
Conflicts of Interest Policy
JPMAM is required to maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to identify, monitor and manage conflicts of interest. This document sets out the policy that has been put in place to ensure that this occurs.
Essential information
Before investing you should take the time to read all the relevant legal information and make yourself aware of the investment risks involved.
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