JPMorgan Chase & Co. was dethroned this year as the buy side’s top corporate access provider.
For the first time since the survey’s debut in 2012, money managers chose Bank of America Merrill Lynch as their favorite corporate intermediary in Institutional Investor’s annual ranking of America’s Top Corporate Access Providers. BofA held the No. 1 spot regardless of whether voters’ responses were weighted by assets under management, as they have been in previous years, or commissions.
JPMorgan, meanwhile, placed third in the commissions-weighted ranking and second in the AUM-based leaderboard.
From the corporate point of view, JPMorgan was still seen as this year’s best corporate access provider, topping that leaderboard for a third year in a row.