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JPMorgan Ditches Proxy Advisors for AI Voting Solution
1/8/2026
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JPMorgan Adopts AI Voting
- JPMorgan Chase & Co.'s asset management division will cease using external proxy advisory firms for U.S. shareholder votes starting April 1, 2024.
- The firm will utilize Proxy IQ, an AI platform, to oversee the voting process and analyze data from over 3,000 annual meetings.
- This decision follows an internal memo and aligns with the Trump administration's directive to reduce proxy advisers' influence, as JPMorgan focuses on client interests and data utilization.
