JPMorgan / 55ip 2020
JPMorgan Chase acquired 55ip on December 3, 2020.
- Target
- 55ip
- Acquirer
- JPMorgan Chase
- Announced
- December 3, 2020
- Sub-sector
- Wealthtech
Transaction overview
- JPMorgan Chase announced the acquisition of 55ip on December 3, 2020.
- The deal is expected to close pending customary conditions.
Strategic rationale
JPMorgan Asset Management acquires tax-efficient portfolio automation platform to accelerate advisor technology capabilities and enable scaled, intelligent investment tools.
Deal terms & multiples
Frequently asked questions
When did JPMorgan Chase announce the acquisition of 55ip?
JPMorgan Chase announced the acquisition of 55ip on December 3, 2020.
What sub-sector is 55ip in?
55ip is tracked in the Wealthtech sub-sector.
Sources
- crowdfundinsider.com /2020/12/169821-jpmorgan-to-acquire-fintech-firm-55ip-in-order-to-help-advisors-with-setting-up-tax-efficient-portfolios/