Overview
- JPMorgan Asset & Wealth Management will end use of external proxy advisors in the U.S. and shift to its AI system, Proxy IQ, with a Q1 transition and full effect on April 1, according to an internal memo.
- Proxy IQ will manage research, data aggregation, and vote recommendations, analyzing information from more than 3,000 annual company meetings for portfolio managers.
- The unit stewards over $7 trillion in client assets, positioning the firm to cast thousands of influential votes each proxy season.
- ISS said it is proud of its independent, high‑quality research, and Glass Lewis has outlined plans to discontinue broad benchmark recommendations by 2027 in favor of tailored advice.
- The change follows a December executive order directing regulators to examine proxy advisory practices, and legal analysts say similar moves by peers could make voting outcomes more varied and raise expectations for AI governance and audit trails in 2026.