JPMorgan Chase & Co.'s asset-management division severed all ties with proxy advisory firms. The Wall Street Journal reported the decision, communicated via an internal memo, on January 7, 2026.
The move signals a significant departure from standard industry practice. The bank will cease using external services that advise institutional investors on corporate election votes.
JPMorgan's asset management arm will now rely on its own internal teams and research for shareholder voting decisions. The immediate catalyst driving this change was not publicly detailed.
Initial announcements did not include specific market reaction or stock price analysis.