J.P. Morgan Alternative Asset Management, Inc. (New York)

J.P. Morgan Alternative Asset Management, Inc. is a large advisory firm based in New York. It manages $11.31 billion of regulatory assets for 137 client accounts. It has been registered with the SEC as an adviser since 2001.

J.P. Morgan Alternative Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and portfolio management for hedge funds/fund of funds. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

J.P. Morgan Alternative Asset Management: assets under management

The assets under management (AUM) of J.P. Morgan Alternative Asset Management, Inc. is $11.31 billion. The firm's AUM has grown by 237% since the beginning of its operation, and $6.88 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $6.61 billion in discretionary accounts and $4.71 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $68.1 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $117.69 million.

Investments

The firm invests in pooled investment vehicles the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio. Investments in other assets form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay J.P. Morgan Alternative Asset Management, Inc. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lisa Teresa Vicital serves?

The firm provides services to insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Lisa Teresa Vicital is other investment advisers with 7 clients and $4.12 billion of assets under management. Among the 6 most similar advisory firms, J.P. Morgan Alternative Asset Management has the highest percentage of other investment advisers out of all clients.

The amount of regulatory assets under management is $10.13 billion for 122 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 58% of the firm’s clients are foreign persons or businesses.

J.P. Morgan Alternative Asset Management also advises several private funds. Namely, nine hedge funds and one private equity fund. The minimum investment commitment required of non-related persons ranges from $0 to $250,000.

Careers at J.P. Morgan Alternative Asset Management, Inc.

The company employs 60 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Lisa Teresa Vicital has been acting as President since 1 Dec 2000. Paul Anthony Zummo has served as the Chief Investment Officer since 1 Mar 2006. Jennifer Elisabeth Mcgrew joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
The Chase Manhattan Bank	Direct parent	1 Jul 1987	75% - 100%	13-4994650
Jpmorgan Chase Bank	Direct parent	1 Jul 1987	75% - 100%	13-4994650
N.A. Jpmorgan Chase Bank	Direct parent	1 Jul 1987	75% - 100%	13-4994650
Francis Giorgio	Cfo & vice president	1 Feb 1996	Other	1894501
Joel Katzman	President, ceo & director	1 Jul 1997	Other	2062817
Sandra Sojka	Vice president & compliance officer	1 Oct 1997	Other	2966973
Michele Gagne Kinner	Director	1 Dec 1999	Other	xxx-xx-xxxx
John Michael Basil Oconnor	Chairman of the board	1 Mar 2000	Other	1036119
Lisa Teresa Vicital	Chief operating officer/chief administrative officer/director	1 Dec 2000	Other	1214465
John Anthony Garibaldi	Managing director	1 Apr 2001	Other	2831395
Kathleen Johnson Duffy	Vice president / compliance officer	1 Aug 2001	Other	1682882
James David Hutter	Chief financial officer	1 Jun 2002	Other	xxx-xx-xxxx
Kathleen Johnson Duffy	Vice president / compliance officer	1 Aug 2002	Other	1682882
Thomas James Smith	Chief compliance officer	1 Jan 2003	Other	4325577
Thomas Joseph Divuolo	Chief financial officer/managing director	1 Apr 2003	Other	1320428
Francis Xavier Curley	Director of compliance	1 Jun 2003	Other	2572714
Lawrence Mark Unrein	Director	1 Jun 2003	Other	4380391
Leonard Francis Wallace	Chief compliance officer/vice president	1 Jan 2004	Other	1953357
Larry Alan Kohn	Head of business management/director	1 Feb 2005	Other	1671054
Jpmorgan Asset Management Holdings Inc.	Shareholder	1 Jan 2006	75% - 100%	13-4131516
Ronan Padraig O'comhrai	Chief legal officer/vice president	1 Jan 2006	Other	5087348
Corey Patrick Case	Chief operating officer/director	1 Jan 2006	Other	5092270
Paul Anthony Zummo	Chief investment officer/chief executive officer/director	1 Mar 2006	Other	2589858
Manuela Amado Cattaneo	Chief legal officer	1 Jan 2012	Other	6045219
Robert Jay Klein	President/director	1 Sep 2012	Other	3035592
John Robert Anderson	President and director	1 Nov 2013	Other	2390781
Ekwutozia Nwabuzor	Chief legal officer	1 Jan 2014	Other	6315743
Ekwutozia Uchechukwu Nwabuzor	Chief legal officer	1 Jan 2014	Other	6315743
Richard Thomas Madsen	Director	1 Apr 2015	Other	5379532
Richard T. Madsen	Director	1 Apr 2015	Other	5379532
Howard Michael Dottin	Director	1 Apr 2015	Other	6630628
Kirk David Rule	Chief compliance officer	1 Mar 2016	Other	2895150
Jennifer Elisabeth Mcgrew	Director	1 Aug 2018	Other	4549658

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
J.P. Morgan Chase & Co.	Owner	1 Aug 1997	75% - 100%	13-3571651
Jpmorgan Chase & Co.	Owner	1 Aug 1997	75% - 100%	13-3571651
Jpmorgan Chase & Co.	Shareholder	1 May 2000	75% - 100%	13-2624428
Jpmorgan Chase & Co.	Shareholder	1 Apr 2017	75% - 100%	13-2624428
Jpmorgan Chase Holdings Llc	100% shareholder	1 Apr 2017	75% - 100%	81-3858870

Based in New York

The principal office where J.P. Morgan Alternative Asset Management, Inc. performs its advisory services is located at 383 Madison Avenue, New York, NY 10179 0001 The mailing address of the firm is 277 Park Avenue, New York, NY 10172. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-648-1597. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.