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JPMorgan Launches Digital Model Portfolios: Tech Roundup

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JPMorgan announced on Tuesday that it has partnered with wealth management technology platform GeoWealth to give RIAs access to digital model portfolios. 

The five JPMorgan Global Tactical models invest in the firm’s suite of strategic beta ETFs and will be available this month on GeoWealth’s cloud-based platform.

“JPMorgan has been delivering custom asset allocation solutions to investors for decades and through many market cycles,” Jillian DelSignore, head of ETF distribution for J.P. Morgan Asset Management, said in a statement. “With an increasing focus on how clients access this expertise and at what cost, we believe these ETF model portfolios offered through GeoWealth’s technology will fill a gap in the market.”

Colin Falls, president of GeoWealth, noted, “Our clients are looking for access to top notch investment capabilities that can be easily accessed through our end-to-end advisor technology. J.P. Morgan’s technology-enabled model portfolios offer a uniquely differentiated solution that can help advisors efficiently manage and grow their business.”

Orion Advisor Services launched its social advisor support application on Tuesday. Orion Social connects users with experts, training and other advisors to help them implement the Orion platform.

Users can submit development ideas to group forums, and get status updates on Orion projects and updates.

“We want to provide advisors with the ability to engage with our support team and share best practices with each other,” Eric Clarke, Orion’s CEO, said in a statement.

(Related: Fintech Innovation Picks Up the Pace)

Last month, digital estate planning platform Mylennium launched its Digital Asset Authorization tool to help consumers create legal documents that control who can access their online accounts after their passing.

New laws passed in many states settle access to online accounts based on the provider’s Terms of Service, unless the original owner expressly states who should have access to what.

Mylennium’s Digital Asset Authorization categorizes a user’s various digital assets and lets them authorize access for each category. Mylennium says the process of identifying assets and drafting the document takes about five minutes.

The Uniform Fiduciary Access to Digital Assets Act is a model law that had been enacted by 27 states, according to the Uniform Law Commission, and has been introduced in an additional 17.

The Digital Asset Authorization is only available for residents in California, Florida, New York and Washington, with authorizations for an additional 18 states expected soon. Mylennium offers two services levels: basic, which lets users make unlimited revisions to the document for 30 days before they receive an emailed copy; and comprehensive, which allows a year of revisions and the choice between an emailed or mailed copy of the document.

(Ed. note: Mylennium tweeted on April 19 that authorizations are now available in Michigan.)

“Recent enactment of Fiduciary Access to Digital Assets laws is a major step forward for anyone that uses the internet and wants to control access to their online accounts after they’re gone” Russ Haft, Mylennium’s founder, said in a statement. “At a time when internet privacy protections are being challenged, Mylennium’s Digital Asset Authorization is a simple and inexpensive way to generate a legal document that directs service providers how the data in a user’s online accounts should be handled upon their passing.  This is the necessary first step in any digital estate plan.” 

— Read Where There’s a Will, There’s a Way — if Loved Ones Can Find It on ThinkAdvisor.


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