JPMorgan announced Monday that it is buying Integrated Investment Services from Western & Southern Financial Group. Terms of the deal, which is expected to close in the second quarter, were not disclosed.IIS provides fund accounting, fund administration and transfer agency services. The acquisition adds TA services to JPMorgan’s fund services suite, which also includes compliance reporting and investment analytics.
“This transaction underscores our commitment to growing our fund services business and delivering best-in-class products, services and technology to clients,” said Mark Kelley, head of JPMorgan’s U.S. fund services business. “We welcome IIS into our firm and look forward to delivering a full suite of U.S. transfer agency services, directly to clients of various sizes.”