NEW YORK--(BUSINESS WIRE)--May 15, 2019--
Academy Securities, a registered broker-dealer, certified Disabled
Veteran Business Enterprise (DVBE), and Minority Business Enterprise
(MBE), today announced the launch of the Academy Share Class of the JP
Morgan Prime Money Market Fund (JPAXX) and JP Morgan U.S. Government
Money Market Fund (JGAXX).
The product offering delivers the experience, expertise, and performance
of the JP Morgan Asset Management team, while serving as a solution to
cash management investors who share in the support of Academy
Securities’ social mission to mentor, train, and hire transitioning
veterans. The partnership between JPM and Academy exemplifies the
intersection between capabilities and authentic diversity.
“We are very excited to launch this new share class initiative with JP
Morgan, a best in class asset management platform,” stated Academy’s
Chairman and CEO Chance Mims.
“Academy will keep seeking new ways like this to better serve our
clients, while also being focused on helping our nation’s returning
heroes transition to the civilian work force,” said Phil McConkey,
President of Academy Securities.
The Academy Share Class of the JP Morgan Money Market Funds are managed
by JP Morgan Asset Management. Both funds aim to preserve capital,
maintain liquidity and produce a competitive yield.
“We are proud to be working with Academy Securities to launch this share
class supporting our joint mission to mentor, train and hire
transitioning US Military Veterans,” said John Donohue, CEO and CIO of
the J.P. Morgan Asset Management Global Liquidity Business.
About Academy Securities
Academy Securities is a preeminent disabled veteran owned investment
bank with strength in capital markets, public finance, fixed income and
equity trading. Leadership and staff have had intensive military
training prior to entering and gaining in depth financial services
experience in global capital markets. We are mission driven with a high
ethical code, a solid sense of accountability and strive for excellence
in the pursuit of our clients’ success. Intellectual assets, strong
visionary leaders and a proud team commitment bring out the best in each
other for the benefit of our clients. Academy is our nation’s first
post-9/11 disabled veteran owned investment bank and is certified as a
DVBE, SDVOSB, and MBE. The firm has offices in New York, Chicago, San
Diego, Chapel Hill, Sacramento, and South Norwalk, CT. Information about
Academy Securities is available at www.academysecurities.com.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of $1.7
trillion (as of March 31, 2019), is a global leader in investment
management. J.P. Morgan Asset Management's clients include institutions,
retail investors and high net worth individuals in every major market
throughout the world. J.P. Morgan Asset Management offers global
investment management in equities, fixed income, real estate, hedge
funds, private equity and liquidity. J.P. Morgan Asset Management is the
marketing name for the asset management businesses of JPMorgan Chase &
Co. (NYSE: JPM),
and its affiliates worldwide.
View source version on businesswire.com:
Source: Academy Securities
Michael Boyd, 646-736-3995
Securities Investor Contact:
Joe Tarditi, 646-520-4912
JP Morgan Investor Contact:
Jason Scott, 212-270-2479
JP Morgan Asset Management Contact:
Sam Wallman, 212-464-0034