10.16.23

Raymond James To Use J.P. Morgan’s 55ip Tax-Smart Portfolio Tool

by: John Manganaro

Raymond James has picked J.P. Morgan Asset Management’s 55ip technology to enhance its managed account platform with integrated tax management capabilities. The arrangement should help Raymond James’ advisors make regular changes, like rebalancing and tax-loss harvesting, to clients’ managed accounts, leaders of the two firms say. Overall, the deal underscores the growing demand for tax management capabilities, as well as the expanding need for industry players to work with third parties rather than build new tools alone.

Read the full article on Think Advisor