JPMorgan is launching a new service for its clients that will give them access to an automated after-tax performance report, a spokesperson with the firm told the MutualFundWire.com. The service is currently available to JPMorgan's institutional clients.

"It helps everyone comply with SEC mandates with no development costs," the official continued. "The information is delivered via the Internet or e-mail. Or fax, if the client prefers."

JP Morgan believes the offering will appeal to clients because it will allow them to focus on investment decisions. "Using JPMorgan's after tax capability, clients will increase their efficiency as they decrease manual effort and error, while complying with the SEC regulation. After-tax reporting is part of JPMorgan's extensive services for mutual fund clients," stated Virginia Meany, fund services business executive. 

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