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Advisers urged to check on fund firms’ stability

JP Morgan head of UK sales Jasper Berens believes that advisers need to take greater heed of the stability of an asset management firm before deciding to invest client money into one of its funds.

Berens says that after the actual performance of the fund, advisers must make the long-term presence of a firm a priority concern before investing, particularly with the amount of deals that have happened in the past few years.

He says: “If you were to look at the top 20 firms for total funds under management now and again in five years time, there are bound to be names that are no longer there and advisers need to weigh those factors in before selecting funds.

“We went through our own teething problems with our merger in 2000 but the important thing to realise is we are here for the long term, which cannot be said for all firms.”

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