NEW YORK — J.P. Morgan Chase & Co. said Thursday that it had agreed to acquire Plexus Group Inc., a Los Angeles provider of transaction cost analysis, trade research, and consulting services.
The companies did not say how much the deal was worth.
John F. Phinney Jr., Morgan Chase’s information products senior vice president for investor services, said Plexus, which has 47 employees, targets asset managers, broker-dealers, and pension plan sponsors in the United States and Europe.
Plexus, which has provided services for Morgan Chase’s family of mutual funds, would join its investor services group, Mr. Phinney said. It has almost 200 clients and has been in business for 20 years, he said.
Morgan Chase also said that it has formed an alliance with Inalytics, a London firm that interprets and communicates the transaction cost analysis results that Plexus provides.
