JP Morgan Chase 2012 Annual Report Download - page 45

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us with their assets. We had more
than $100 billion in new, long-term
inflows (excluding liquidity), bringing
us to a record $2.1 trillion in total
client assets. Equally impressive, we
marked our 15th consecutive quarter
of positive long-term assets under
management flows and our 10th
consecutive year of inflows across our
private client complex. 
In addition to investing with
J.P. Morgan, more clients utilized our
lending and deposit capabilities
than ever before. We had a record
$69 billion of wholesale loan
Delivering for our clients
In Asset Management, our commit-
ment is to generate strong risk-
adjusted investment performance over
the long term for our individual and
institutional clients around the world.
By virtually any measure, we delivered
on that promise in 2012, achieving
industry-leading performance in the
1-, 3-, 5- and 10-year categories.
With more than 215 of our public
mutual funds ranked 4 or 5 stars by
Morningstar and 76% of all our assets
in the first or second performance
quartile over the past five years, our
success spans all the global markets
in which we operate. We are proud
that J.P. Morgan is the only firm to
be recognized by Barron’s as being in
the top five of its 1-, 5- and 10-year
U.S. performance rankings.
Our award-winning investment
performance is even more powerful
when it’s combined with our broad
range of banking, lending and
fiduciary capabilities. Our integrated
oering led to more clients entrusting
balances, an additional $18 billion
in total underwritten mortgages,
and a record $145 billion in private
client deposits at year-end.
A unique business model serving
the world’s most influential clients
Asset Management’s Global Invest-
ment Management (GIM) and
Global Wealth Management (GWM)
franchises count among their clients
many of the world’s largest billion-
aires; more than half of the top
pension funds, sovereign wealth funds
and central banks; and over 3,000
global financial intermediary firms –
each with multiple advisors who
invest in our funds on behalf of
their clients.
Our client relationships are built on
trust and have endured for decades.
Last year, we celebrated the 110th
anniversary with one of our private
client families. The relationship,
which started in New York with a
prominent business owner, has
spanned 14 family branches and five
generations, and includes multi-
jurisdictional estate planning and
investment management for family
members living around the world,
from New Zealand to New York.
Asset Management
Mary Callahan Erdoes
Asset
Management
Solutions &
Alternatives
Global
Investment
Management
Global
Wealth
Management
Insurance
Sovereigns
Pension Funds
Intermediaries
Endowments & Foundations
Family Oces
Ultra-High-Net-Worth
High-Net-Worth
Auent
An Integrated Business Model