Articles from 55ip

55ip, a wholly owned subsidiary of J.P. Morgan and a financial technology company purpose-built to break down barriers to financial progress, today announced the appointment of Michael Camp as chief client officer, based in the firm’s Boston office. Camp will lead 55ip’s client business and help steer the firm’s strategic priorities, reporting to Gautam Sachdev, chief executive officer at 55ip.

55ip, a tax-smart investment technology platform and a fully-owned subsidiary of J.P. Morgan, today announced an expansion of its investment platform through a new collaboration with T. Rowe Price, a global leader in investment management and retirement solutions, to provide custom models to advisors.

55ip, a fully-owned subsidiary of J.P. Morgan, and a financial technology company purpose-built to break down barriers to financial progress, today announced that Chadd Lucas joined the Client Solutions Team as Executive Director and Enterprise Business Development Manager, based in the firm’s New York office. He will report to Michael Camp, Head of Client Solutions at 55ip.

55ip, the financial technology platform designed to deliver personalized, tax-smart investment management at scale, released 2022 year-end overall results, revealing the company saw record performance for the year across all critical metrics.

55ip, the financial technology platform designed to deliver personalized, tax-smart investment management at scale, announced today that data from its platform this year reveals a record number of advisors taking advantage of tax-loss harvesting opportunities for their clients. Across client portfolios through Q3, the 2022 YTD tax savings benefit for model portfolios of ETF and Mutual Funds was 2.99 percent. Dating back to 2020, the annualized tax savings across clients in model portfolios on the platform was 2.82 percent. The savings demonstrate the value of ongoing harvesting within client portfolios throughout the year when compared to those not harvested for tax losses.

Increasing demand from advisors and their clients has spurred 55ip to expand its partnership with RiverFront Investment Group (“RiverFront”). The firms announce today a rollout at Baird of 55ip’s tax-smart transition technology with RiverFront ETF strategies to help advisors ease the burden of moving to advisory programs. The addition of Baird—who has over 1,300 financial advisors—to the firm's stable of clients represents the second major broker-dealer to partner with 55ip.

55ip has marked significant year-to-date growth for its tax-smart investing strategy engine as a result of advisor-driven enhancements and new strategic relationships with industry-leading financial services firms. With an increased focus on tax strategy across the wealth management industry, advisors are seeing the value and increased benefits of 55ip’s solution improvements and overall growth.

55ip today announced that advisors now have access to Fidelity InstitutionalSM’s professionally managed model portfolios, combined with 55ip’s ActiveTax Technology®, to help advisors add scale and efficiency to their practices. In addition, 55ip’s existing integration with Fidelity’s custodial platform has been enhanced to make the experience even easier for advisors.

55ip has partnered with Janney Montgomery Scott, a leading full-service wealth management, capital markets and asset management firm, to enhance its tax management capabilities for financial advisors on the Janney platform. For Janney, the partnership strategically positions the firm as an early adopter of 55ip, underscoring its industry leadership and commitment to continuous innovation of its platform. For 55ip, the partnership marks its first relationship in the broker-dealer space and is a significant milestone on its mission to become the industry standard tax-smart investment strategy engine.