's vice president of mutual fund distribution, Ed Clarke
left the company on Thursday, February 3 to start his own financial services firm, a spokesperson said.
A replacement has not yet been appointed but the firm is currently looking both internally and externally for somebody to take over Clarke's responsibilities. For three-and-a-half years Clarke headed up the financial advisory department which consisted of 12 people handling the distribution of mutual fund products to financial advisors along with an advisor education program.
Clarke also organized the Wealth Management Symposium
, an annual conference which began in 1997 to educate financial advisors. Clarke reported directly to Jeff Garrity
, managing director of J.P Morgan.
In other news, two of J.P Morgan's disciplined funds earned four star ratings from Morningstar on Thursday, the spokesperson said. The J.P Morgan Institutional Disciplined Equity Fund
, which is also available to individual investors and the J.P Morgan Tax Aware disciplined Equity Fund
were both rated marking their three year anniversary on January 3.
The Institutional Disciplined Equity fund has $1.6 billion in assets and the Tax Aware fund has $425 million in assets. The three year returns on both funs have been 7.93% and 12.57% respectively.
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