J.P. Morgan is aiming to help big investors wrap their heads around the highly variable world of ESG data by launching a tech-based service Tuesday that can “normalize” inputs from different sources.
The service, Sustainable Investment Data Solutions, is available through J.P. Morgan Securities Services’ Fusion system. It includes data from Bloomberg, Equileap, FactSet, ISS ESG, MSCI, RepRisk, Revelio Labs, S&P Global and Sustainalytics, according to an announcement from J.P. Morgan.
Data has posed a challenge in the ESG world, not only because public companies measure and present it in different ways, but also because ratings firms measure and report data inconsistently.
The new service thus “provide[s] quick and seamless access to normalized data across providers while offering investors the flexibility to manage, screen and create customized metrics with easy-to-use tools,” the company said. “Fusion accelerates the ability for investors to perform analysis, scoring, stock-selection, compliance monitoring and reporting.”
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Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.
The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.
“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.
The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.
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From direct lending to asset-based finance to commercial real estate debt.
