55ip, a tax-smart investment technology platform, has expanded its unified managed account (UMA) offering to the RIA channel, starting with model portfolios that include separately managed accounts (SMAs) from J.P. Morgan Asset Management and BlackRock. The single-account structure combines managed and custom model strategies with equity SMAs, ETFs and mutual funds, while 55ip's ActiveTax Technology continues to provide tax transition recommendations. Citing Cerulli, 55ip said U.S. UMA assets are projected to reach about $3.7 trillion by the end of 2026, and additional asset managers are expected to join later this year.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
BlackRockJPMorganinvestment trustsinvestment advisory
Open a keyword to see other news on the same topic.
Related tickers and likely impact
JPM
• NeutralJPMorgan Chase
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Financials |
| Industry | Diversified Banks |
| Market cap | $891.9B |
| Close on 10/19/2026 | 333.53 |
| Change that session | -1.82% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- BlackRock Is Building a Bitcoin ETF for Investors Who Can't Stomach the Swings
On Oct. 19, BlackRock filed a preliminary prospectus with the SEC for the iShares Bitcoin Managed Protection ETF, ticker PBIT, which aims to deliver Bitcoin-linked gains up to a cap while cushioning some losses. Instead of holding Bitcoin directly, the fund would use options on IBIT across three overlapping, roughly three-month tranches, buying a call struck near 90% of IBIT's starting price for the floor and selling a higher-strike call to cap upside, with Treasury bills held alongside. Each tranche's loss is capped at roughly 10% before fees, but BlackRock retains broad discretion to change terms, and the fee field is still blank. The filing could take effect as early as January 2027.
- BlackRock Record Asset Holdings Are Half The Size Of US Economy
BlackRock reported record assets under management of $15.49 trillion at the end of the third quarter, after $205 billion in net client inflows, according to its earnings release filed with the SEC on Oct. 14. GAAP earnings were $10.57 per share and as-adjusted earnings were $15.93, while revenue rose 19% to $7.75 billion and net inflows into its iShares ETFs reached about $135 billion. The company also repurchased $550 million of its shares and raised $68 billion in private markets over the past twelve months. Net inflows into its private credit funds rose $5 billion from the previous quarter, and redemption requests at its Corporate Lending Fund eased to about 11.5% of shares from 13.3%, though Moody's warned that risks could be worse than reported default rates suggest. BlackRock shares rose as much as 5% after the results but gave back those gains as the session progressed.
- Hedge funds emerge as winner of JP Morgan AM new …
JPMorgan Asset Management raised its 10-to-15-year return forecast for diversified hedge funds by 140bp to 6.7%, the largest upgrade of any alternative asset class in its 31st annual Long-Term Capital Market Assumptions. Most of the increase comes from alpha, which rises from 2.4% to 3.9%, while beta slips from 2.9% to 2.8%. The firm cites higher rates boosting short-position carry, governments unlocking new capital pools, and more frequent policy catalysts creating relative value opportunities, though it admits part of the uplift reflects a methodology change. The report suggests that a 30% allocation to a blend of hedge funds, gold, infrastructure and transport can lift a 60/40 portfolio's Sharpe ratio by 22% as stock-bond correlation becomes less reliable. It also warns that manager dispersion remains elevated, so manager selection is vital.
- J . P . Morgan Releases 2027 Long - Term Capital Market Assumptions Projecting 7 . 0 % Return for 60 / 40 Portfolio Over 10 - 15 Years
J.P. Morgan Asset Management released its 2027 Long-Term Capital Market Assumptions, projecting 10–15-year returns amid elevated inflation uncertainty and market volatility. The forecast annual return for a USD 60/40 stock-bond portfolio rises to 7.0%, and adding 30% in diversified alternatives lifts it to 7.5% with a 21% higher Sharpe ratio. The report credits AI-driven productivity, higher corporate profits and higher real yields for lifting the global aggregate bond forecast to 5.3%, the highest in two decades. The U.S. large cap equity forecast rises 80bps to 7.5%, and developed markets overtake emerging markets for the first time, while diversified hedge funds are upgraded by 140bps. Bitcoin receives a return range but is not included as an allocation.
- JPMorgan eyes $2 trillion as Europe ETF demand builds
- BlackRock seeks to shield bitcoin investors from losses after rival fund weathers 50% crash
BlackRock filed on Monday for the iShares Bitcoin Managed Protect ETF, which would offer bitcoin upside exposure while seeking to limit losses when the cryptocurrency falls. A similar Calamos fund, CBOO, dropped just 1% since October 2025, even as bitcoin tumbled as much as 52% from its record high of roughly $126,000. BlackRock's filing did not say how much downside protection or upside the new fund would offer, and the fund would build on its iShares Bitcoin Trust (IBIT), which manages more than $65 billion. Calamos holds roughly 90% of its funds in U.S. Treasuries and uses the rest for bitcoin-linked options, a structure that caps gains while limiting losses over a set period.
Related markets
Latest news
- The U.S. Army Is Spending $2.2 Billion on Micro Nuclear Reactors. This Stock Could Benefit.
On Aug. 26, the U.S. Army announced $2.2 billion in funding for several companies to own, build and operate nuclear microreactors for military installations, under its Janus Program launched in 2025. The goal is to supply safe, reliable power to the military through more than 20 microreactors, which are factory-assembled modular designs that can be built faster and at lower cost than large plants. BWX Technologies (BWXT) was selected as one of the vendors, given its long history of building reactors for the U.S. Navy. BWXT shares rose about 136% over five years but fell about 40% over the past six months, and the company recently raised its 2026 guidance for revenue, adjusted EBITDA, non-GAAP EPS and free cash flow. The article notes BWXT has a proven record of deploying its technology and earning profits, unlike some SMR companies without earnings.
- Utah AG sues Kalshi, pursues profits from prediction market company
Utah Attorney General Derek Brown sued Kalshi, its affiliates and two Susquehanna trading companies, alleging the prediction market platform has facilitated illegal betting in the state since 2024. Utah asked the court to compel the companies to return about $30 million to $60 million in profits and to stop sports, election, politics and culture bets in Utah. The lawsuit alleges Kalshi illegally served more than 32,000 users in the state, causing significant losses. A judge had earlier ruled for Utah in August, and an appellate court denied Kalshi's injunction request in September. The case is one of many filed by states against prediction market platforms such as Kalshi and Polymarket, as the U.S. Supreme Court considers New Jersey's case.
- JPMorgan Puts a Number on Bitcoin for the First Time: 10% a Year, With a Big Caveat
J.P. Morgan Asset Management projected a 10% compound annual return for Bitcoin over the next 10 to 15 years in its 2027 Long-Term Capital Market Assumptions, the first time the report includes the asset. That forecast tops its estimates for U.S. large-cap stocks (7.5%), gold (5.5%) and a 60/40 stock-bond portfolio (7%), but the report puts Bitcoin's annualized volatility at 55%, versus about 17% for gold. The firm still excludes Bitcoin from its main covariance matrices, citing volatility and unstable correlations, and rejected the currency debasement bull case as “wide of the mark.” Bitwise's Matt Hougan welcomed the forecast but argued the 55% volatility assumption is too high, making the return estimate too conservative. Meanwhile, U.S. spot Bitcoin ETFs drew $526.7 million on Monday, trimming October's net outflows to about $88 million.
- JPMorgan Puts a Number on Bitcoin for the First Time: 10% a Year, With a Big Caveat
J.P. Morgan Asset Management projected a 10% compound annual return for Bitcoin over the next 10 to 15 years in its 2027 Long-Term Capital Market Assumptions, the first time the report includes the asset. That forecast tops its estimates for U.S. large-cap stocks (7.5%), gold (5.5%) and a 60/40 stock-bond portfolio (7%), but the report puts Bitcoin's annualized volatility at 55%, versus about 17% for gold. The firm still excludes Bitcoin from its main covariance matrices, citing volatility and unstable correlations, and rejected the currency debasement bull case as “wide of the mark.” Bitwise's Matt Hougan welcomed the forecast but argued the 55% volatility assumption is too high, making the return estimate too conservative. Meanwhile, U.S. spot Bitcoin ETFs drew $526.7 million on Monday, trimming October's net outflows to about $88 million.
- Wall Street diverges Tuesday , industrials advance , techs slip
Industrial stocks rallied while tech lagged, although AI stocks firmed after recent sell-offs. The S&P 500 closed at 7,712.75, up 0.29 percent, while the Dow Jones Industrial Average gained 531.39 points (1.02 percent) to 52,497.42 and the Nasdaq Composite slipped 0.02 percent to 26,424.82. Jake Behan of Direxion said upcoming hyperscaler earnings would be the next major test for the AI trade, with guidance on ROI, data centre spending and 2027 capex seen as more important than headline earnings. In Asia, Japan’s Nikkei 225 fell 1.30 percent to 64,075.42 and South Korea’s KOSPI dropped 3.73 percent, while Indonesia’s IDX Composite rose 5.65 percent. The U.S. dollar weakened against major currencies, with EUR-USD at 1.1236.
- America's dismal housing market to get even worse in 2027, grim forecast predicts
Goldman Sachs expects America's housing market to stay frozen in 2027, with about 3.9 million existing homes changing hands, slightly fewer than this year and 26% below 2019 levels. Mortgage rates have climbed back above 7%, keeping buyers out while homeowners hold on to cheap loans: more than 95% of existing mortgage borrowers have rates below current market levels, and 65% are at least 2 percentage points lower. Rates have risen nearly 1.5 percentage points since February lows, and Goldman says affordability will increasingly weigh on activity. The Mortgage Bankers Association forecasts single-family mortgage lending will fall 5% in 2027 to just under $2 trillion, with new-home construction slowing. Housing-linked stocks are already down, with the SPDR S&P Homebuilders ETF off about 9% and the iShares Mortgage Real Estate ETF down about 24% this year.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.