J.P. Morgan Investment Management Inc.: Manager Rating and Record

Why J.P. Morgan Investment Management Inc. has three stars

J.P. Morgan runs USD 3.5 trillion of regulatory assets and has been registered with the SEC since 1984. Its Form ADV lists eight matters. Two concern J.P. Morgan Investment Management itself, the most recent brought by the SEC in 2024; the others concern other companies in its group or individuals and count for less. Its seven rated insurance-dedicated funds range from three to four stars. In most of them little or none of the assets were valued last year by a firm outside the group, and on its own that rules out five stars.

The rating looks only at the areas below, which matter to a family holding this manager's funds through a private placement policy. Past returns play no part: these funds do not report them in their SEC filings, and they say little about what a policy will earn.

Conduct and regulatory record

What regulators and courts have recorded against the manager, and for platform series against the platform, as the advisers report it to the SEC. Several proceedings on one set of facts count as one matter. Recent and serious matters count most, matters of other companies in the group count for less, matters of individuals are weighed by the person's role and their bearing on the business, and the size of the firm is taken into account.

Reported controls

What the adviser reports to the SEC for the fund: whether the accounts are audited every year by an accountant registered with the PCAOB and subject to its regular inspection, whether audited statements go to investors and what the audit opinion says, whether the administrator and custodian are outside the adviser's group, and what share of the assets was valued last year by a person not related to the adviser.

Depth and experience of the manager

The assets the manager runs, its investment staff and how long it has been registered with the SEC.

PPLI.comManager Rating

Investor experience. What policyholders, insurers and advisers tell us is shown separately and never changes the stars. A factual point they raise is checked against the filings, and if it holds, the data is corrected. We never publish names. Tell us about yours

The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the fund or its manager, not a credit rating, not a forecast of returns and not investment advice. Read about the rating.

Registration and size

Identity

Legal nameJ.P. Morgan Investment Management Inc.

SEC registrationRegistered investment adviser, 801-21011 IAPD

CRD number107038

Latest Form ADV26 August 2026 ADV

Registered with the SEC since4 April 1984

Assets and staff, as filed

Regulatory assets under managementUSD 3,519,415,000,000

Of which discretionaryUSD 3,494,370,000,000

Employees3,194

Of which investment advisory staff2,260

Private funds listed in Schedule D239

Regulatory assets are calculated under the SEC's Form ADV instructions and include all funds and accounts the adviser manages, not only those open to insurers. Figures come from the SEC's adviser files of November 2026.

Regulatory and legal record

What the adviser itself discloses in Item 11 of its Form ADV, summarised from the disclosure pages, with a link to the filing. Item 11 is filed for the adviser as a whole, so under each matter the fund it concerns is read from the disclosure itself.

202431 October 2024

Regulatory action by US Securities and Exchange Commission: cease and desist

Fund concerned: none named in the filing. The matter concerns the adviser itself, not a specific fund, and none of the insurance-dedicated funds in this file is named.

On October 31, 2024, j.p. Morgan Investment Management, Inc. ("JPMIM") entered into a settlement with the Securities and Exchange Commission ("SEC") resulting in the SEC issuing an administrative order (the "order"). Without admitting or denying the findings in the order, JPMIM consented to the entry of the order, which found that JPMIM caused jp Morgan Securities LLC ("JPMS") to violate Section 17(a)(1) of the Investment Company Act of 1940 ("Investment Company Act") and that JPMIM willfully violated Sections 206(3) and (4) of the Investment Advisers Act of 1940 ("Advisers Act") and Rule 206(4)-7 thereunder. The order also found that JPMIM caused certain registered Investment Companies to ...

US Securities and Exchange Commission · Order 31 October 2024 · USD 1.0 million · Concerns the adviser itself · Form ADV, Item 11 disclosure

202431 October 2024

Regulatory action by US Securities and Exchange Commission: cease and desist

Fund concerned: money market mutual funds. None of the insurance-dedicated funds in this file is named.

On October 31, 2024, j.p. Morgan Investment Management, Inc. ("JPMIM") entered into a settlement with the Securities and Exchange Commission ("SEC") resulting in the SEC issuing an administrative order (the "order"). Without admitting or denying the findings in the order, JPMIM consented to the entry of the order, which found that JPMIM caused violations of Section 17(d) of the Investment Company Act of 1940 ("Investment Company Act") and Rule 17d-1 thereunder. The order arose out of JPMIM causing prohibited joint transactions between three U.S. money Market mutual Funds for which JPMIM serves as a registered Investment adviser ("domestic Funds") and an affiliated Foreign money Market Fund ...

US Securities and Exchange Commission · Order 31 October 2024 · USD 5.0 million · Concerns the adviser itself · Form ADV, Item 11 disclosure

202122 July 2021