Overview
- The asset and wealth management unit will shift to an internal AI platform, Proxy IQ, with a first-quarter transition and full U.S. implementation on April 1.
- Proxy IQ is designed to manage end-to-end vote workflows and analyze proprietary data from more than 3,000 annual company meetings for portfolio managers.
- JPMorgan says it is the first major investment firm to fully eliminate reliance on external proxy advisors for its U.S. voting process.
- The move follows years of criticism from CEO Jamie Dimon of proxy firms and comes after a December executive order directing agencies to review proxy-advisor practices.
- ISS responded by defending the independence and quality of its research as companies, counsel, and investors evaluate implications for vote outcomes, disclosures, and AI governance ahead of the 2026 proxy season.