Products October 6, 2016

J.P. Morgan Opens Virtual Education Hub for Institutional Investors

The growing platform will offer podcasts, publications, and other materials designed to help institutional investors generate the best outcomes.
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J.P. Morgan Asset Management has announced the opening of its Center for Investment Excellence, a virtual education hub offering an expanding collection of podcasts, publications, and other resources designed to give institutional investors the insight they need to make better investment decisions.

“We’ve always been committed to applying our intellectual capital to help investors deliver superior outcomes and the Center is an extension of that philosophy,” says Ken Poliziani, managing director of J.P. Morgan Asset Management. “The podcasts, publications and events available through this new initiative are designed to connect institutional investors across the globe with our team of tenured research and portfolio managers as they explore the increasingly complex dynamics of investing in today’s ever-evolving marketplace.”

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Because J.P. Morgan Asset Management is a participant in the CFA Institute Approved-Provider Program, CFA Institute members may also receive continuing education credits after accessing select materials offered by the Center for Investment Excellence.

CFA Institute members may earn three CE credits for listening to the Center’s inaugural podcast series, “The Future of Fixed Income,” presented by J.P. Morgan Asset Management investment experts and portfolio managers in Columbus, London. The series will explore how investors can potentially achieve greater total return in an unconstrained fixed income portfolio, the risk and return considerations of private credit, the most attractive prospects for emerging markets and debt, as well as other topics. 

The podcasts are currently available free of charge on the Center for Investment Excellence’s homepage and through the iTunes store. Additional podcasts based on timely market activity are currently being developed to address multi-asset solutions, retirement, and alternative views specific to the opportunities and challenges facing institutional investors today.

Data & Research October 6, 2016

Baby Boomers Will Rely Heavily on Social Security

Many Baby Boomers think the average monthly payment from Social Security is $500 more than it actually is, a new survey shows. 
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A survey by the Indexed Annuity Leadership Council (IALC) finds 60% of Baby Boomers think they need less than $1 million in retirement, when in reality at least a quarter of a million will be needed for health care costs alone. One in four Baby Boomers have less than $5,000 saved for retirement.

Nearly half of Baby Boomers don’t know that there are financial products that deliver lifetime income, and two out of five think they will get more money from Social Security than the average monthly payment.

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Many Baby Boomers are banking on Social Security as a main stream of money for retirement, yet more than half cannot correctly guess the average monthly Social Security payment. Many think the average monthly payment is $500 more than it actually is—a budget miscalculation that will leave them nearly a quarter of a million dollars short over a 30-year retirement, IALC says. 

The study found budgeting troubles rather than retirement come to mind when Boomers are asked what they would do with a large cash gift. Forty percent prioritize lifestyle purchases over retirement savings, and 52% have debt to pay down before saving for retirement.

“Struggling to estimate how much money will be needed during retirement or sifting through different financial products can feel like a big hurdle, especially for those close to retirement,” says Jim Poolman, executive director of the IALC. “The good news is it’s fairly easy to increase your retirement IQ.  Start with the basics of estimating retirement costs and getting a balanced portfolio in place.” 

More about the study is here. IALC’s retirement calculators can be found here. 

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