JPMAM wins Findex portfolio structuring role

Binaya Dahal

Journalist

4 June 2026

J.P. Morgan Asset Management has been appointed by Findex as implementation manager for a new portfolio structure designed to improve efficiency and reduce costs across its managed accounts business.

The arrangement, announced on Wednesday, covers a tactical asset allocation (TAA) framework operating within Findex’s $8.5 billion managed discretionary account platform and gives JPMAM responsibility for supporting portfolio changes, rebalancing and implementation decisions.

Developed in conjunction with boutique firm Specialised Private Capital, the structure aims to tackle inefficiencies associated with traditional managed account models, where TAA changes often require trading between multiple managed funds.

The two firms said the new model reduces transition times when adjusting portfolio exposures and enables advisers to implement portfolio changes more efficiently during periods of market volatility.

The structure also allows foreign exchange hedging without the transaction costs typically associated with switching between funds or unit classes. About 20% of Findex’s managed account funds under advice has already been transferred into the new structure.

Specialised Private Capital chief investment officer Kieran Canavan said the initiative helps firm strengthen its ability to implement portfolio decisions efficiently, while maintaining the governance, accountability and transparency

“Having, 20% of our total MDA Funds Under Advice (FUA) structured under this approach, we now have greater flexibility to adjust portfolios efficiently and at scale,” he said.

“We have already successfully implemented TAA changes at a significantly reduced cost for clients which reinforces the value of this model.”

Furthermore, JPMAM head of wholesale Mark Carlile said both the firms engaged from the outset, discussing and debating a range of options to find the best fit.

“Every client is different and we wanted to ensure we were able to provide Findex and Specialised Private Capital with a tailored solution that benefited them and their clients,” he said.