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J.P. Morgan Asset Management to acquire fintech 55ip

J.P.-Morgan-Asset-Management-to-acquire-fintech-55ip

The acquisition will expand access to model portfolios and automated tax management technology for J.P. Morgan Asset Management's network of advisers

J.P. Morgan Asset Management announced Wednesday it has agreed to acquire 55ip in a deal that will expand access to model portfolios and automated tax technology for the firm's network of advisers. 

Terms of the deal were not disclosed, according to the announcement. 55ip will continue to operat

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