Assumptions & Disclosures
Important Disclosure Documents: 55ip & JPMIM
55ip Form CRS, Client Relationship Summary, can be accessed via the link below:
55ip Form ADV Part 2A Brochure can be accessed via the link below:
JPMIM Form CRS & ADV Part 2A Brochure can be accessed via the link below:
Important Disclosure Documents: Model Provider Forms
55ip Table Assumptions – Hypothetical Wealth Creation With and Without Active Tax Management
Backtested performance of two $1M accounts invested in 60/40 Global Allocation strategy (60% S&P and 40% AGG exposure), one with active tax management and one without active tax management.
• One account has active tax management and has benefited from 0.81% of after-tax over-performance over the other account without active tax management.
• Average gross post-tax returns are assumed to be 6.29% which is the average post-tax return of a 60% SPY ETF and 40% AGG ETF portfolio for last 10 years (from 2007 until 2017). Gross returns imply returns without considering management fees.
This chart depicts the historical investment performance of a portfolio or index including capital appreciation/depreciation, dividends and other investment income. Past performance is not indicative of future returns. Estimated returns are derived from simulated models or historical back tests and scenario analysis when sufficient historical data is unavailable. These hypothetical returns do not reflect actual trading and therefore do not account for market risks, economic conditions, taxes, fees or expenses.
While calculating wealth creation estimates and projections, it is assumed a portfolio will grow cumulatively at the average annual rate of return (not actual rate of return) of the portfolio of securities input during the holding period from Jan 2007 until approximately the date of the report or chart displayed (the “Backtest Period”).
55ip is the marketing name used by 55 Institutional Partners, LLC, an investment technology developer, and for investment advisory services provided by 55I, LLC, an SEC-registered investment adviser. 55ip is part of J.P. Morgan Asset Management.
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Disclosures for Investment Advisory Business
Investment advisory services are offered through 55I, LLC, a SEC-registered investment adviser. Registration does not imply any certain level of skill or training, and all investments involve risk and may lose value. The value of your investment can go down depending upon market conditions. Exchange Traded Funds (ETFs) are subject to market volatility, to fluctuations in the value of their underlying investments, and they charge fees and other expenses.
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Tax and Legal Advice Disclaimer
Neither 55 Institutional Partners, LLC, nor 55I, LLC provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
55ip is the marketing name used for software licensed by 55 Institutional Partners, LLC, an investment technology provider, and for investment advisory services provided by 55I, LLC, an SEC-registered investment adviser. BlackRock Fund Advisors (collectively with its affiliates, “BlackRock”) provides investment ideas in the form of model portfolios, to 55ip for use in the software offered herein. 55ip receives a service fee from BlackRock as consideration for the services 55ip provides its customers in relation to the BlackRock Model Portfolios. The BlackRock Model Portfolios are provided for illustrative and educational purposes only, do not constitute research, personalized investment advice or a fiduciary investment recommendation from BlackRock or 55ip to any client of 55ip, and are intended for use only by 55ip customers, with other information, as a resource to help build a tailored portfolio or as an input in the development of investment advice from a Financial Advisor to its own clients and shall not be the sole or primary basis for a Financial Advisor. Financial Advisors are responsible for making their own independent fiduciary judgment as to how to specifically use the BlackRock Model Portfolios and/or whether to implement any trades for its designated clients. BlackRock does not have investment discretion over, or place trade orders for, any portfolios or accounts derived the BlackRock Model Portfolios. BlackRock is responsible for the methodology of the Model Portfolios; it is not responsible for determining the individual appropriateness or suitability of the BlackRock Model Portfolios or any of the securities included therein for any client of 55ip. Information and other marketing materials provided by BlackRock or 55ip concerning the BlackRock Model Portfolios including holdings, performance, and other characteristics – may vary materially from any portfolios or accounts derived from the BlackRock Model Portfolios. Any performance shown for the BlackRock Model portfolios does not include brokerage fees, commissions, or any overlay fee for portfolio management, which would further reduce returns. There is no guarantee that any investment strategy will be successful or achieve any particular level of results. The BlackRock Model Portfolios themselves are illustrative, they are not funds and one cannot invest directly in the Model Portfolios. The BlackRock Model Portfolios, allocations, and data are subject to change.BlackRock and 55ip are not affiliated. BlackRock disclaims responsibility for any content provided by 55ip.
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Investing involves risk, including possible loss of principal. Asset allocation and diversification may not protect against market risk, loss of principal or volatility of returns.
Transactions in shares of ETFs may result in brokerage commissions and will generate tax consequences. All regulated investment companies are obliged to distribute portfolio gains to shareholders.
The BlackRock and iShares Funds within the model portfolios are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”). BlackRock Fund Advisors, an affiliate of BlackRock Investments, LLC is a registered investment adviser.
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