JPMorgan (JPM) Chase’s asset-management unit, among the world’s largest investment firms with more than $7 trillion in client assets, is cutting all ties with proxy-advisory firms effective immediately and will start using an internal artificial-intelligence-powered platform it is calling Proxy IQ to assist on U.S. company votes this coming proxy season, according to a memo seen by The Wall Street Journal.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JPM:
- Four banks downgraded at Wolfe as part of 2026 industry outlook
- Discord Moves Toward Public Debut with Confidential IPO Filing
- Goldman Sachs (GS) Tops Global M&A Dealmaking in 2025 with $1.48 Trillion
- JPMorgan downgraded to Peer Perform from Outperform at Wolfe Research
- Nvidia (NVDA) Finance Chief Says AI Demand Exceeds $500 Billion Forecast