Head of Executive Compensation Advisory
Devin Blackburn is a Managing Director and the Head of Executive Compensation Advisory for J.P. Morgan Private Bank Advice Lab. In her role, Devin leads a team of specialists who work with clients and advisors to optimize equity-linked compensation and drive informed decision making related to concentrated stock positions, IPO-generated wealth, and employment and severance packages. She develops widely published thought leadership to address issues that impact corporate executives and is also a frequent guest speaker and featured panelist, sharing insights with peers and practitioners.
As a former practicing corporate tax attorney, Devin advised public and private companies on tax planning and structuring of complex transactions, as well as IRS tax controversy and dispute resolution. Prior to joining J.P. Morgan, she was Senior Tax Counsel and Director of Executive Wealth Advisory at a global wealth management firm where she advised wealthy families on wealth transfer and the impact of tax legislation, and also institutionalized the strategic direction for advising corporate executives and insiders throughout their journey in the C-suite.
Devin earned a B.S. in Finance from Florida State University, a J.D. from the University of Illinois at Urbana-Champaign College of Law, and a Master of Laws in Taxation (LL.M.) from the University of Missouri-Kansas City School of Law.
Passionate about art history, Devin currently serves as a Commissioner of the Smithsonian National Portrait Gallery, where she strives to tell the story of America by portraying people who have shaped the nation’s history, development, and culture.
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General Risks & Considerations
Any views, strategies or products discussed in this material may not be appropriate for all individuals and are subject to risks. Investors may get back less than they invested, and past performance is not a reliable indicator of future results. Asset allocation/diversification does not guarantee a profit or protect against loss. Nothing in this material should be relied upon in isolation for the purpose of making an investment decision. You are urged to consider carefully whether the services, products, asset classes (e.g., equities, fixed income, alternative investments, commodities, etc.) or strategies discussed are suitable to your needs. You must also consider the objectives, risks, charges and expenses associated with an investment service, product or strategy prior to making an investment decision. For this and more complete information, including discussion of your goals/situation, contact your J.P. Morgan team.
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Conflicts of interest will arise whenever JPMorgan Chase Bank, N.A. or any of its affiliates (together, “J.P. Morgan”) have an actual or perceived economic or other incentive in its management of our clients’ portfolios to act in a way that benefits J.P. Morgan. Conflicts will result, for example (to the extent the following activities are permitted in your account): (1) when J.P. Morgan invests in an investment product, such as a mutual fund, structured product, separately managed account or hedge fund issued or managed by JPMorgan Chase Bank, N.A. or an affiliate, such as J.P. Morgan Investment Management Inc.; (2) when a J.P. Morgan entity obtains services, including trade execution and trade clearing, from an affiliate; (3) when J.P. Morgan receives payment as a result of purchasing an investment product for a client’s account; or (4) when J.P. Morgan receives payment for providing services (including shareholder servicing, recordkeeping or custody) with respect to investment products purchased for a client’s portfolio. Other conflicts will result because of relationships that J.P. Morgan has with other clients or when J.P. Morgan acts for its own account.
Investment strategies are selected from both J.P. Morgan and third-party asset managers and are subject to a review process by our manager research teams. From this pool of strategies, our portfolio construction teams select those strategies we believe fit our asset allocation goals and forward-looking views in order to meet the portfolio’s investment objective.
As a general matter, we prefer J.P. Morgan managed strategies. We expect the proportion of J.P. Morgan managed strategies will be high (in fact, up to 100 percent) in strategies such as, for example, cash and high-quality fixed income, subject to applicable law and any account-specific considerations.
While our internally managed strategies generally align well with our forward-looking views, and we are familiar with the investment processes as well as the risk and compliance philosophy of the firm, it is important to note that J.P. Morgan receives more overall fees when internally managed strategies are included. We offer the option of choosing to exclude J.P. Morgan managed strategies (other than cash and liquidity products) in certain portfolios.
The Six Circles Funds are U.S.-registered mutual funds managed by J.P. Morgan and sub-advised by third parties. Although considered internally managed strategies, JPMC does not retain a fee for fund management or other fund services.
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