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Press release content from Business Wire. The AP news staff was not involved in its creation.

Academy Securities and JP Morgan Announce New Money Market Funds

May 15, 2019 GMT

NEW YORK--(BUSINESS WIRE)--May 15, 2019--

Academy Securities, a registered broker-dealer, certified Disabled Veteran Business Enterprise (DVBE), and Minority Business Enterprise (MBE), today announced the launch of the Academy Share Class of the JP Morgan Prime Money Market Fund (JPAXX) and JP Morgan U.S. Government Money Market Fund (JGAXX).

The product offering delivers the experience, expertise, and performance of the JP Morgan Asset Management team, while serving as a solution to cash management investors who share in the support of Academy Securities’ social mission to mentor, train, and hire transitioning veterans. The partnership between JPM and Academy exemplifies the intersection between capabilities and authentic diversity.


“We are very excited to launch this new share class initiative with JP Morgan, a best in class asset management platform,” stated Academy’s Chairman and CEO Chance Mims.

“Academy will keep seeking new ways like this to better serve our clients, while also being focused on helping our nation’s returning heroes transition to the civilian work force,” said Phil McConkey, President of Academy Securities.

The Academy Share Class of the JP Morgan Money Market Funds are managed by JP Morgan Asset Management. Both funds aim to preserve capital, maintain liquidity and produce a competitive yield.

“We are proud to be working with Academy Securities to launch this share class supporting our joint mission to mentor, train and hire transitioning US Military Veterans,” said John Donohue, CEO and CIO of the J.P. Morgan Asset Management Global Liquidity Business.

About Academy Securities

Academy Securities is a preeminent disabled veteran owned investment bank with strength in capital markets, public finance, fixed income and equity trading. Leadership and staff have had intensive military training prior to entering and gaining in depth financial services experience in global capital markets. We are mission driven with a high ethical code, a solid sense of accountability and strive for excellence in the pursuit of our clients’ success. Intellectual assets, strong visionary leaders and a proud team commitment bring out the best in each other for the benefit of our clients. Academy is our nation’s first post-9/11 disabled veteran owned investment bank and is certified as a DVBE, SDVOSB, and MBE. The firm has offices in New York, Chicago, San Diego, Chapel Hill, Sacramento, and South Norwalk, CT. Information about Academy Securities is available at  www.academysecurities.com.


About J.P. Morgan Asset Management

J.P. Morgan Asset Management, with assets under management of $1.7 trillion (as of March 31, 2019), is a global leader in investment management. J.P. Morgan Asset Management’s clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co. (NYSE:  JPM ), and its affiliates worldwide.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190515005393/en/

CONTACT: Academy Securities

Michael Boyd, 646-736-3995

Chief Compliance Officer


Academy Securities Investor Contact:

Joe Tarditi, 646-520-4912

JP Morgan Investor Contact:

Jason Scott, 212-270-2479

JP Morgan Asset Management Contact:

Ken Buterbaugh


Media Contact:

Sam Wallman, 212-464-0034



SOURCE: Academy Securities

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PUB: 05/15/2019 08:30 AM/DISC: 05/15/2019 08:30 AM