is launching a new service for its clients that will give them access to an automated after-tax performance report, a spokesperson with the firm told the MutualFundWire.com. The service is currently available to JPMorgan's institutional clients.
"It helps everyone comply with SEC mandates with no development costs," the official continued. "The information is delivered via the Internet or e-mail. Or fax, if the client prefers."
JP Morgan believes the offering
will appeal to clients because it will allow them to focus on investment
decisions. "Using JPMorgan's after tax capability, clients will increase their
efficiency as they decrease manual effort and error, while complying with the
SEC regulation. After-tax reporting is part of JPMorgan's extensive services for
mutual fund clients," stated Virginia Meany, fund services business
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