J.P. Morgan is launching an online service allowing its defined benefit clients to buy and sell institutional mutual funds online and access accounts on the website, said Bob Deutsch, vice president and head of mutual fund distribution. Account balances, account histories and NAVs will be available daily. Clients will access fund data using a password at J.P. Morgans main mutual fund website.
What we are looking to do is to provide the highest level of service in the industry, and we want to take a high-tech and high-touch approach, Mr. Deutsch said.