Overview
- An internal memo says JPMorgan Asset & Wealth Management will end reliance on ISS and Glass Lewis for U.S. proxy decisions and deploy a new platform called Proxy IQ.
- A spokesperson said the transition will occur in the first quarter with full implementation on April 1, 2026.
- Proxy IQ is described as covering the entire voting process, aggregating and analyzing proprietary data from more than 3,000 annual meetings.
- The unit manages roughly $7 trillion in client assets, giving it substantial influence over thousands of shareholder votes.
- The move comes after a December executive order by President Trump calling for more oversight of proxy advisors, and ISS and Glass Lewis did not respond to requests for comment.