J.P. Morgan partners with cash management platform Trovata

J.P. Morgan partners with cash management platform Trovata
Trovata will host the Morgan Money corporate investing and trading solutions.
DEC 13, 2022

J.P. Morgan Asset Management is upping its cash management game at a time when volatile equity markets and higher interest rates have made cash a more worthwhile allocation strategy for financial advisers.

The $2.3 trillion asset manager announced a partnership Tuesday with bank connection platform Trovata Partners to help customers tap into Morgan Money’s services to access higher cash yields.

“Now more than ever, corporate treasury investors need a fully integrated trading solution for their liquidity needs,” said Paul Przybylski, head of product strategy and Morgan Money at J.P. Morgan Asset Management.

“Bringing two of the newest and fastest growing experiences in corporate finance and treasury together makes for a powerful combination for our customers,” he said.

Trovata will host the Morgan Money corporate investing and trading solution as the first third-party app on its platform. Users will have the ability to transact across their global portfolio in real time and compare funds across multiple managers, currencies, durations or settlement options.

Investment balances and transactions from Morgan Money will flow into Trovata in real time so that operating and investing activities can be monitored and managed in one place, delivering a unified experience for managing operating cash flows and investments.

“Finance and treasury clients are seeking to automate and streamline how their work gets done each day,” said Brett Turner, Trovata founder and chief executive. “We expect that Trovata and Morgan Money will be the go-to modern toolbox to manage cash and investments.”

As the Federal Reserve continues to push interest rates higher in an effort to combat stubbornly high inflation, cash accounts have become an attractive tool for financial advisers.

According to Bankrate.com, some online banks are offering yields on savings accounts in the 4% range.

With cash looking like one of the few asset classes that will produce a positive return in 2022, and with advisers still asking clients to keep several months’ worth of liquidity available for emergencies, cash management platforms have become all the rage.

Latest News

The 2025 InvestmentNews Awards Excellence Awardees revealed
The 2025 InvestmentNews Awards Excellence Awardees revealed

From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.

Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty
Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty

Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.

Edward Jones joins the crowd to sell more alternative investments
Edward Jones joins the crowd to sell more alternative investments

“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.

Record RIA M&A activity marks strong start to 2025
Record RIA M&A activity marks strong start to 2025

Sellers shift focus: It's not about succession anymore.

IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients
IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients

Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.