JPMorgan unveils muni bond ladder tool
JPMorgan Asset Management has launched Bond Ladder Illustrator, a tool which aims to help financial advisors create hypothetical municipal bond ladders using criteria such as tax rates, credit quality, maturity ranges and interest rate views.
“Using actual municipal bonds that have made it into J.P. Morgan's portfolios enables the tool's output to be more indicative of what a client would actually get if they choose to build a laddered portfolio with us," said Rick Taormina, Head of Tax Aware Strategies at J.P. Morgan Asset Management.
Built in partnership with Asset and Wealth Management's Intelligent Digital Solutions group, the tool lets advisors create hypothetical bond ladders based on actual municipal bonds that have gone through JPMorgan's extensive credit review process, rather than generic benchmark interest-rate curves.
Some of the features include a tax rate calculator, customizable portfolio assumptions based on client preferences, and a personalized, end-client ready report that includes key portfolio characteristics, estimated investment returns, income, cash flow and total return metrics.
"This is another great example of how we're investing in leading-edge tools to help financial advisors build stronger portfolios for their clients," said Andrea Lisher, head of the Americas for JPMorgan's Global Funds business.
With over $69 billion in municipal bond assets, JPMorgan's investment team and credit analysts have managed municipal bonds for more than 35 years. JPMorgan Asset Management has assets under management of $1.7 trillion as of March 31.