JPMorgan Replaces Proxy Advisers With AI for Voting US Shares

JPMorgan Chase to cuts ties with proxy advisory firms, use AI-powered tool instead: report

Bank will use internal AI platform called Proxy IQ to assist with U.S. company votes, according to the Wall Street Journal

JPMorgan replaces proxy advisers with AI for U.S. company votes

JPMorgan Chase's (JPM) asset management arm is abandoning proxy-advisory firms and will rely on an in-house artificial-intelligence system, called Proxy IQ, to assist on U.S. company votes, the investment bank said on Wednesday.

JPMorgan is ditching proxy advisors and turning to AI for shareholder votes in the US

JPMorgan Chase: Bob Henry/UCG/Universal Images Group via Getty ImagesJPMorgan's asset and wealth management unit is dropping proxy advisors for shareholder voting in the US.In place of external human advisors, the bank is launching an in-house AI tool.The tool, named Proxy IQ, will cover all aspects of the voting process, according to an internal memo.JPMorgan's asset and wealth management division is ditching its long-held practice of using ext…

JPMorgan's asset management will no longer use controversial proxy advisors for shareholder votes

JPMorgan said it is instead using artificial intelligence to aggregate and analyze proxy data.

JPMorgan Replaces Proxy Advisers With AI for Voting US Shares

JPMorgan Chase & Co.’s asset-management unit cut ties with proxy-advisory firms and plans to use artificial intelligence to assist with voting US company shares, according to a person with knowledge of the matter.

JPMorgan eschews proxy advisers for internal AI tool

After CEO Jamie Dimon railed against the advisers for years, the bank’s asset management unit cut firms like ISS and Glass Lewis out of U.S. voting decisions.