JPMorgan Announces Target-Date Evaluation Product

September 8, 2008 ( - JPMorgan Asset Management has unveiled an evaluation process to help advisers and clients identify the most appropriate target-date funds.

A JPMorgan news release said its new Target Date Navigator categorizes funds according to their investment composition and glide path strategy. The company said its offering could also help advisers and their clients to ensure fiduciary responsibilities are being addressed and that plans are compliant with qualified default investment alternative (QDIA) guidelines.

“What we have found in the marketplace is a real disconnect in the alignment of participants’ behaviors and needs, plan sponsors’ goals, and target-date strategy selection,” said David Musto, Managing Director of Retail Investment Only Retirement, JPMorgan Asset Management, in the statement. “Retirement advisers and plan sponsors have been hungry for an easy-to-use and intuitive target date evaluation solution.” 

According to the news release, the new offering involves a three-step process:

  • Assessing the plan’s desired level of equity exposure for participants at or near retirement,
  • Determining the plan’s philosophy regarding asset class diversification, and
  • Comparing and selecting the most appropriate target date funds using JPMorgan’s Target Date Compass.