55ip Expands UMA Offering to RIA Channel with J.P. Morgan Asset Management and BlackRock
JPMorgan Chase (JPM) subsidiary 55ip expanded its unified managed account offering for registered investment advisers with J.P.
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55ip’s new Unified Managed Account (UMA) structure offers access to outcome-oriented models and separately managed accounts (SMAs) featuring investment solutions from J.P. Morgan Asset Management and BlackRock
The enhanced platform combines managed and custom model portfolio strategies with equity SMAs in a single account, powered by 55ip’s ActiveTax Technology®. This follows the progression of its offerings to RIAs that started with models, SMAs, and Direct Indexing.
Adoption of UMA accounts within the RIA channel continues to accelerate, with Cerulli projecting UMA assets to reach approximately
In recent years, 55ip has expanded its tax-managed UMA offerings for select enterprise partners. Through this extended offering with asset managers, 55ip now provides RIAs greater choice and scaling opportunities. This includes:
- Single account structure — Simplifies operations while leveraging an asset manager-provided or an advisor-provided model strategy combining ETFs, Mutual Funds, and an active SMA.
- Improved visibility — The 55ip Portal will deliver holistic portfolio management for the full target UMA model - similar to the existing portal that advisors have rated as easy to use and navigate - providing detailed breakdowns of both the model and SMA portions of the account.
- 55ip’s ActiveTax Technology — 55ip will continue to provide recommendations for tax transitions and ongoing account management reflecting the combination of an active SMA with ETFs, and Mutual Funds.
“The rapid growth in the RIA channel highlights the issue of scale for advisors,” commented Gautam Sachdev, Chief Executive Officer, 55ip. “Navigating the complexity of acquiring new clients, while contending with infrastructure challenges can be alleviated with the addition of a UMA to an advisor’s practice. We are excited to collaborate with two leading asset managers to meet the needs of a broader range of clients.”
Sachdev added, “These leading asset managers support 55ip in providing an expanded UMA solution on our platform that addresses the operational limitations advisors face without compromising personalization of investments.”
Through its collaboration with J.P. Morgan Asset Management and BlackRock, 55ip is extending the capabilities available to advisors seeking to implement personalized investment strategies more efficiently.
“Advisors want customized portfolios with tax management,” commented Stephen Kaplan, Managing Director, Head of Customized Managed Account Solutions at J.P. Morgan Asset Management. “Our collaboration with 55ip to deliver a model portfolio with an SMA, is a compelling value proposition for advisors. Many advisors seek the scalability and consistency of model portfolios but also see the benefits—as do their clients—that come with the direct ownership and tax-loss harvesting potential of SMAs, enabling them to focus on deepening client relationships.”
Together, these perspectives underscore the role that integrated technology and investment capabilities can play in helping advisors balance personalization with efficiency.
“As demand from high-net-worth investors evolves, advisors are looking for ways to deliver both customization and efficiency,” said Jon Diorio, Head of Americas Product at BlackRock. “Combining model portfolios and SMAs within a single account enables more responsive tax management while unlocking the scale and capacity needed for advisors to grow their practice and deepen client relationships.”
This announcement follows 55ip’s previous announcement with InvestCloud about offering private investments in a UMA for RIAs that will be coming to market in the future.
For more information on 55ip, please visit www.55-ip.com.
About 55ip
55ip is a financial technology company purpose-built to break down barriers to financial progress. Our mission is to become the industry standard for personalized, tax-smart management at scale. Offering automated, personalized, and optimized tax outcomes, the 55ip platform delivers efficient implementation of the investment process to the financial services industry. Combined with integration, trading, and rebalancing capabilities, we offer a full-service solution that meets the unique needs of advisors. At the heart of 55ip’s seamless, intuitive user experience is 55ip’s ActiveTax Technology, including elevated portfolio design and delivery, tax-smart transitions, management, and withdrawals, all helping advisors save time and pursue better outcomes for their clients. 55ip is a wholly owned subsidiary of J.P. Morgan Asset Management, the asset management business of JPMorgan Chase & Co.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorganChase had
Important Disclosures:
55ip is the marketing name used by 55 Institutional Partners, LLC, an investment technology developer, and for investment advisory services provided by 55I, LLC, an SEC-registered investment adviser. 55ip is part of J.P. Morgan Asset Management, the brand for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide.
Telephone calls and electronic communications may be monitored and/or recorded. Personal data will be collected, stored and processed by 55ip in accordance with our privacy policies at https://www.55-ip.com/email-disclaimer/.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20261020184377/en/
Media contacts:
55ip:
Ben Tanner
The Rudin Group
ben@therudingroup.com
J.P. Morgan Asset Management:
Kristen Chambers
J.P. Morgan Asset Management
kristen.chambers@jpmchase.com
Source: 55ip