J.P. Morgan Launches Platform for Rebalancing TDFs

J.P. Morgan Worldwide Securities Services has launched a cash allocation and rebalancing solution (CARS) that supports target-date funds, both custom and open architecture.

J.P. Morgan CARS allows clients to implement a unique allocation strategy (glide path) with any configuration of underlying investments, the company announced. The platform is scalable and secure with configurable parameters that enable efficient administration and embedded system controls.  It is integrated with J.P. Morgan’s custody, accounting and reporting services.  

“By providing an automated rebalancing solution, J.P. Morgan CARS will enable clients to deliver customized and innovative investment solutions to help achieve better retirement outcomes for their plan participants, reduce costs and mitigate fiduciary risks,” said Mark Kelley, Americas Markets Executive for J.P. Morgan Worldwide Securities Services.