JPMorgan buys UK pensions technology firm WealthOS, memo shows

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/13/2026

1. CSCO
2. CBRS
3. COHR
4. SPY
5. STUB
6. EAT
7. NVDA
8. WYFI
9. ARX
10. BTGO

January 22, 2026 11:44 AM EST

FILE PHOTO: JPMorganChase sign at the firm's headquarters at 270 Park Avenue in the Midtown area of New York City, U.S., September 9, 2025. REUTERS/Shannon Stapleton/File Photo

Jan 22 (Reuters) - U.S. ⁠banking giant ⁠JPMorgan ‍Chase has closed a deal to buy UK-based pensions technology platform WealthOS, ‍according to an internal memo seen by ​Reuters on Thursday.

The acquisition will deepen the bank's footprint ​in pensions, positioning it to tap demand for retirement planning products as customers seek predictable income in later life.

Founded ​in 2019, WealthOS runs a technology-focused wealth management platform with a workforce in the ​UK and Sri Lanka, all of whom will join JPMorgan, the ‌memo sent by Edmund Cohen, head of pensions and wealth products at the ​bank, said.

J.P. Morgan Personal ⁠Investing plans to use the technology capabilities of WealthOS to enhance its pensions ‌offering, the memo added.

Private banking is a large and competitive market in the UK, shaped by the ‌country's role as a global financial centre and home ‌to a high concentration of wealthy individuals, family offices and international investors.

Demand has been supported by an ageing ‍population, rising cross-border wealth flows and a growing need for advice on ⁠succession, tax and retirement planning, making the segment a steady source of fee income for banks and asset managers.

(Reporting by Manya Saini in Bengaluru; Editing by Alan Barona)


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Reuters

Related Entities

JPMorgan, Definitive Agreement