Mosaic Portfolio Advisers, the portfolio management subsidiary of wealth manager SFG Australia, has chosen JP Morgan Worldwide Securities Services to provide custodial and fund administration services to a number of its new funds. 

The decision is in line with the integration of Shadforth Financial Group and Snowball Group, now known together as SFG, resulting in 10 addditional funds for management. 

JP Morgan's expanded services will include mandate compliance and performance reporting, mostly through its newly-launched Online Portfolio Analytics Lab, a web-based investment tool aimed at streamlining product capabilities related to regulatory change and consolidation.

JP Morgan Worldwide Securities already provides custody and fund administration services to four managed investment schemes by Mosaic Portfolio Advisers.