J.P. Morgan and Lincoln Financial merge insurance trust funds – InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.ℱ

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Life Insurance News
Topics
    • Life Insurance News
    • Annuity News
    • Health/Employee Benefits
    • Property and Casualty
    • Advisor News
    • Washington Wire
    • Regulation News
    • Sponsored Articles
    • Monthly Focus
  • INN Exclusives
  • NewsWires
  • Magazine
  • Webinars
  • Free Newsletters
Sign in or register to be an INNsider.
  • Exclusives
  • NewsWires
  • Magazine
  • Webinars
  • Free Newsletters
  • Insider Pro
  • About
  • Advertise
  • Editorial Staff
  • Contact
  • Newsletters

Get Social

  • Facebook
  • Twitter
  • LinkedIn
Life Insurance News
Life Insurance News RSS Get our newsletter
Order Prints
December 19, 2022 Life Insurance News No comments
Share
Share
Tweet
Email

J.P. Morgan and Lincoln Financial merge insurance trust funds

By Press Release

New York, NY, Radnor, PA., December 19, 2022 – J.P. Morgan Asset Management and Lincoln Financial Group today announced that they have strengthened their partnership to have J.P. Morgan’s world class investment capabilities as part of Lincoln Financial Group’s platform, further enhancing Lincoln’s broad offerings of leading insurance, retirement and variable annuity solutions.

Under this initiative, shareholders of four JPMorgan Insurance Trust Portfolios (JPM VITs) will be asked to approve a proposal to merge the JPM VITs into four corresponding, newly formed series of Lincoln Financial Variable Insurance Products Trust (LVIP Acquiring Funds). The JPM VITs represent four of J.P. Morgan’s flagship investment strategies across equities and fixed income asset classes.

 

Related stories

  • Maid's son tells judge Alex Murdaugh took $4M for her death
  • Chris Wilson tells court former friend Murdaugh confessed he was ‘stealing money’
JPM VITs LVIP Acquiring Funds
JPMorgan Insurance Trust Core Bond Portfolio LVIP JPMorgan Core Bond Fund
JPMorgan Insurance Trust Mid Cap Value Portfolio LVIP JPMorgan Mid Cap Value Fund
JPMorgan Insurance Trust Small Cap Core Portfolio LVIP JPMorgan Small Cap Core Fund 
JPMorgan Insurance Trust U.S. Equity Portfolio LVIP JPMorgan U.S. Equity Fund

 

 

Pending shareholder approval of the merger, J.P. Morgan will serve as the subadvisor for each LVIP Acquiring Fund and will continue to manage the LVIP Acquiring Funds using its world-class portfolio management teams and investment processes. Lincoln Investment Advisors Corporation (LIAC) will be retained as the investment adviser to each LVIP Acquiring Fund.

“As a leading provider of life, annuity and retirement solutions with a $90 billion funds platform, we are thrilled to have these capabilities as part of our subadvised lineup, further enhancing how we address core investor needs,” said Ben Richer, Head of Funds Management, Lincoln Financial Group. “The combination of our scale, resources and investment platform design with J.P. Morgan’s portfolio management capabilities will deliver a best-in-class offering for our clients.”

J.P. Morgan’s subadvisory business oversees $75 billion in assets under management across variable annuity and mutual fund products and is a top five variable annuity subadvisor in the industry.

“This partnership underscores our complete focus on subadvisory relationships, the investment strategies that underpin them and supporting our clients’ own growth strategies,” said Eric Wilson, Head of Subadvisory for J.P. Morgan Asset Management. “We have a significant subadvisory relationship with Lincoln Financial and look forward to deepening this partnership and most importantly, delivering investment returns.”

 

The transaction is expected to take place in May 2023.

 

Older

Marketing your practice: 7 tips for financial advisors in 2023

Newer

Gen Z plans to retire earlier than any other generation before them

Advisor News

  • Fed slows rate hikes even as Powell says there's more work to do
  • Mortgage rates in U.S. fall again, hit 6.09%
  • 1 in 3 Americans struggling financially but goal-setting is a game-changer
  • Advisors bet on US stocks to outperform in 2023 amid tech rebound
  • Investors want more ESG information from companies
More Advisor News

Annuity News

  • Study: Does pessimism really suppress annuity sales?
  • Sweet streams of income: ChatGPT, the bard of annuities
  • F&G Annuities & Life announces equity investment in life IMO SYNCIS
  • Investors scrambling to lock in rates propel annuity sales to record highs
  • North American and Annexus launch new fixed index annuity
Sponsor
More Annuity News

Health/Employee Benefits News

  • State: all insurers failed to comply with Oregon Reproductive Health Equity Act
  • Will plan fix California health care?
  • Insurance giant Elevance to move into 15th state
  • Medicare card scam targets seniors for personal info
  • Yes, states are re-checking Medicaid and CHIP eligibility starting in April
More Health/Employee Benefits News

Property and Casualty News

  • Why flooding from hurricanes in the Wilmington area could get a whole lot worse
  • California invests nearly $1 billion for transportation improvements
  • Insurance relief bill nears final approval in Louisiana. Here's what's next.
  • Allstate reports $1.4B loss for 2022; increases rates, policy restrictions
  • Houston area declared a disaster following tornado outbreak
More Property and Casualty News

- Presented By -

Top Read Stories

  • Chicago news roundup: PPP fraud uncovered in Chicago, informant reveals $100K bounty on FBG Duck and more
  • Gov. Carney: Enrollment on Delaware's Health Insurance Marketplace for 2023 Reaches All-Time High
  • 25 people charged in fake nursing diploma operation
  • Connecticut addressing broker shortage amid The Great Unwinding
  • Missouri Department of Insurance: Over $24 Million Returned To Missouri Insurance Consumers In 2022
More Top Read Stories >

FEATURED OFFERS

Meet Encova Life
We know agents matter. You can count on our life team to be high tech, high touch and responsive.

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Life Insurance News
  • Annuity News
  • Health/Employee Benefits
  • Property and Casualty
  • Advisor News
  • Washington Wire
  • Regulation News
  • Sponsored Articles
  • Monthly Focus

Top Sections

  • Life Insurance News
  • Annuity News
  • Health/Employee Benefits News
  • Property and Casualty News
  • AdvisorNews
  • Washington Wire
  • Insurance Webinars

Our Company

  • About
  • Editorial Staff
  • Magazine
  • Write for INN
  • Advertise
  • Contact

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2023 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • AdvisorNews

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.