by Key Risks
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General Risks & Considerations
Any views, methods or merchandise mentioned on this materials will not be acceptable for all people and are topic to dangers. Investors could get again lower than they invested, and previous efficiency isn’t a dependable indicator of future outcomes. Asset allocation/diversification doesn’t assure a revenue or defend in opposition to loss. Nothing on this materials must be relied upon in isolation for the aim of investing determination. You are urged to contemplate rigorously whether or not the companies, merchandise, asset courses (e.g., equities, fastened earnings, various investments, commodities, and many others.) or methods mentioned are appropriate to your wants. You should additionally contemplate the aims, dangers, prices, and bills related to an funding service, product or technique prior to investing determination. For this and extra full info, together with dialogue of your targets/scenario, contact your J.P. Morgan staff.
Non-Reliance
Certain info contained on this materials is believed to be dependable; nevertheless, JPM doesn’t characterize or warrant its accuracy, reliability or completeness, or settle for any legal responsibility for any loss or harm (whether or not direct or oblique) arising out of the use of all or any half of this materials. No illustration or guarantee must be made with regard to any computations, graphs, tables, diagrams or commentary on this materials, that are offered for illustration/ reference functions solely. The views, opinions, estimates and methods expressed on this materials represent our judgment based mostly on present market circumstances and are topic to change with out discover. JPM assumes no responsibility to replace any info on this materials within the occasion that such info adjustments. Views, opinions, estimates and methods expressed herein could differ from these expressed by different areas of JPM, views expressed for different functions or in different contexts, and this materials shouldn’t be considered a analysis report. Any projected outcomes and dangers are based mostly solely on hypothetical examples cited, and precise outcomes and dangers will range relying on particular circumstances. Forward-looking statements shouldn’t be thought-about as ensures or predictions of future occasions.
Nothing on this doc shall be construed as giving rise to any responsibility of care owed to, or advisory relationship with, you or any third celebration. Nothing on this doc shall be considered a suggestion, solicitation, advice or recommendation (whether or not monetary, accounting, authorized, tax or different) given by J.P. Morgan and/or its officers or staff, irrespective of whether or not or not such communication was given at your request. J.P. Morgan and its associates and staff don’t present tax, authorized or accounting recommendation. You ought to seek the advice of your personal tax, authorized and accounting advisors earlier than partaking in any monetary transactions.
IMPORTANT INFORMATION ABOUT YOUR INVESTMENTS AND POTENTIAL CONFLICTS OF INTEREST
Conflicts of curiosity will come up each time JPMorgan Chase Bank, N.A. or any of its associates (collectively, “J.P. Morgan”) have an precise or perceived financial or different incentive in its administration of our shoppers’ portfolios to act in a method that advantages J.P. Morgan. Conflicts will end result, for instance (to the extent the next actions are permitted in your account): (1) when J.P. Morgan invests in an funding product, equivalent to a mutual fund, structured product, individually managed account or hedge fund issued or managed by JPMorgan Chase Bank, N.A. or an affiliate, equivalent to J.P. Morgan Investment Management Inc.; (2) when a J.P. Morgan entity obtains companies, together with commerce execution and commerce clearing, from an affiliate; (3) when J.P. Morgan receives cost in consequence of buying an funding product for a shopper’s account; or (4) when J.P. Morgan receives cost for offering companies (together with shareholder servicing, recordkeeping or custody) with respect to funding merchandise bought for a shopper’s portfolio. Other conflicts will end result as a result of of relationships that J.P. Morgan has with different shoppers or when J.P. Morgan acts for its personal account.
Investment methods are chosen from each J.P. Morgan and third-party asset managers and are topic to a evaluation course of by our supervisor analysis groups. From this pool of methods, our portfolio building groups choose these methods we imagine match our asset allocation targets and forward-looking views so as to meet the portfolio’s funding goal.
As a normal matter, we choose J.P. Morgan managed methods. We anticipate the proportion of J.P. Morgan managed methods shall be excessive (in actual fact, up to one hundred pc) in methods equivalent to, for instance, money and high-quality fastened earnings, topic to relevant legislation and any account-specific issues.
While our internally managed methods typically align properly with our forward-looking views, and we’re conversant in the funding processes in addition to the chance and compliance philosophy of the agency, it is vital to word that J.P. Morgan receives extra total charges when internally managed methods are included. We supply the choice of selecting to exclude J.P. Morgan managed methods (aside from money and liquidity merchandise) in sure portfolios.
The Six Circles Funds are U.S.-registered mutual funds managed by J.P. Morgan and sub-advised by third events. Although thought-about internally managed methods, JPMC doesn’t retain a charge for fund administration or different fund companies.
Legal Entity, Brand & Regulatory Information
In the United States, financial institution deposit accounts and associated companies, equivalent to checking, financial savings and financial institution lending, are provided by JPMorgan Chase Bank, N.A. Member FDIC.
JPMorgan Chase Bank, N.A. and its associates (collectively “JPMCB”) supply funding merchandise, which can embrace bank-managed funding accounts and custody, as half of its belief and fiduciary companies. Other funding services and products, equivalent to brokerage and advisory accounts, are provided by way of J.P. Morgan Securities LLC (“JPMS”), a member of FINRA and SIPC. Insurance merchandise are made out there by way of Chase Insurance Agency, Inc. (CIA), a licensed insurance coverage company, doing enterprise as Chase Insurance Agency Services, Inc. in Florida. JPMCB, JPMS and CIA are affiliated firms below the widespread management of JPM. Products not out there in all states.
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