Jamie Dimons bombshell on proxy advisory delivers ...

What’s Happening

Here’s the thing: In a break that shapes the architecture of shareholder power, JPMorgan Asset Management severed all ties this week with ISS and Glass Lewis.

In a break that shapes the architecture of holder power, JPMorgan Asset Management, which manages more than $7 trillion in client assets — severed all ties this week with proxy advisory giants ISS and Glass Lewis . Recommended Video It will now rely solely on an internal, AI-driven voting platform called Proxy IQ — the first such move by a major asset manager. (we’re not making this up)

It comes days after President Trump issued an executive order directing federal agencies to investigate proxy advisers , citing concerns that their influence on board votes, CEO pay, and ESG policies is driven more than fiduciary duty.

The Details

Together, Trump and JPMorgan waged a two-front assault on the proxy advisory industry — one political, one financial. Trump’s order adds regulatory firepower.

Dimon’s decision delivers a market blow. JPMorgan CEO Jamie Dimon , relentless critic of proxy advisers, called these firms “ incompetent ” and their dominance “done with.

Why This Matters

” The bank’s full exit marks a direct challenge to a system many view as opaque and obsolete. Yet in dismantling the old gatekeepers, JPMorgan may be quietly installing itself as a new one. Advisers with its own AI platform, it now controls the machinery of holder voting it once condemned.

This reflects broader trends we’re seeing in the business world right now.

The Bottom Line

These developments underscore the rise of a more decentralized and digitally engaged electorate — part of a broader shift toward democratization of investing , as individuals gain real-time access to ballots and influence decisions once shaped by a handful of power brokers. This spring’s proxy season may not hinge on an activist’s letter, banker spreadsheets or hedge fund media blitzes … but instead on the quick, quiet clicks of individual investors — each with a few hundred s — voting between Zoom calls and scrolling through message board threads.

Thoughts? Drop them below.