JPMorgan Worldwide Securities Services announced that Lee Munder Capital Group has selected JPMorgan to provide outsourcing services for the separately managed accounts program included in the $2.5 billion in assets that LMCG manages for their institutional and private clients.
JPMorgan will provide services such as account opening and closing, account maintenance, document management, order management, performance reporting, and account reconciliation. Lee Munder will be able to access managed account programs through a single Web-based interface, where they will be able to implement model portfolios across multiple customized individual accounts, access shadow accounting, document imaging and billing services.
“Lee Munder Capital Group selected JPMorgan Worldwide Securities Services because they offer the latest in technology and every service we need to establish a first-rate managed accounts program,” said Kenneth Swan, president of Lee Munder Capital Group.