{
  "docId": "019dd923-5e88-73ef-bd5b-2e3ca625ccc0",
  "docSlug": "3ea6726edfba3228",
  "documentTitle": "2020 am investor day",
  "authorId": "JPMorgan",
  "authorName": "JPMorgan Chase & Co.",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.647,
  "pageNumber": 20,
  "pageCount": 27,
  "prevPage": 19,
  "nextPage": 21,
  "slideType": "appendix_disclosure",
  "function": "appendix",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": null,
  "elementsJson": [
    "numbered_list"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5b-2e3ca625ccc0/20",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5b-2e3ca625ccc0",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5b-2e3ca625ccc0.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5b-2e3ca625ccc0#slide-20",
  "components": [
    {
      "bbox": {
        "h": 0.605,
        "w": 0.906,
        "x": 0.047,
        "y": 0.175
      },
      "kind": "list",
      "text": "1. Historical revenue revised as a result of the adoption of the new accounting guidance for revenue recognition, effective January 1, 2018\n2. Does not include expense allocated to AWM Center in 2009\n3. Represents the Nomura “star rating” for Japan domiciled funds and Morningstar for all other domiciled funds. Includes only Asset Management retail open-ended mutual funds that have a rating. Excludes money market funds, Undiscovered Managers Fund, and Brazil domiciled funds. Mutual fund rating services rank funds based on their risk-adjusted performance over various periods. A 5-star rating is the best rating and represents the top 10% of industry-wide ranked funds. A 4-star rating represents the next 22.5% of industry-wide ranked funds. A 3-star rating represents the next 35% of industry-wide ranked funds. A 2-star rating represents the next 22.5% of industry-wide ranked funds. A 1-star rating is the worst rating and represents the bottom 10% of industry-wide ranked funds. The ‘overall Morningstar rating’ is derived from a weighted average of the performance figures associated with a fund’s three-, five-and ten-year (if applicable) Morningstar Rating metrics. For U.S. domiciled funds, separate star ratings are given at the individual share class level. The Nomura ’star rating’ is based on three-year risk-adjusted performance only. Funds with fewer than three years of history are not rated and hence excluded from this analysis. All ratings and the assigned peer categories used to derive this analysis are sourced from these fund rating providers as mentioned. Past performance is not indicative of future results\n4. Headcount used for analysis based on 12-month simple average number of people deemed Client Advisors or Relationship Managers\n5. Retail and Institutional AUM\n6. Source: Strategic Insight Simfund retrieved February 10, 2020. Excludes Index, Fund of Funds, and Money Market Funds\n7. Calculated as revenue divided by average WM Advisor headcount. Excludes CWM Advisors\n8. 2009 restated to include mortgage balance to conform to current reporting. Average mortgage balance for December 2009 used for calculation\n9. Includes fee earning and non-fee earning assets",
      "attrs": null,
      "subkind": "numbered",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f3c09f5c-c80e-41d9-8b48-9868939537a0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.038,
        "w": 0.685,
        "x": 0.047,
        "y": 0.105
      },
      "kind": "title",
      "text": "Notes on slide 3 – A decade of growth: AM and WM business metrics",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0b5b39e0-6819-4a3d-8ecd-2df769ed6884",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}