JP Morgan Asset Management has added 40 funds from Legal and General Investments to its investment platform.

The two firms are both sponsors of the Institute of Financial Planning.

The new L&G Investment funds will be available on the direct-to-consumer WealthManager+ platform at no initial charge.

Investors now have a choice of over 650 funds from 30 asset managers.

The funds are varied and include UK, European, US, Pacific and Global funds as well as index tracker and multi-manager funds.

Peter Feasey, head of direct client at JP Morgan Asset Management, said: “The platform offers a huge range of funds for investors and we’re very pleased to now be complementing the existing range of funds with those from L&G Investments.

Sean Gardner, head of third party sales for L&G Investments, said: “We are delighted to be able to offer our funds through JP Morgan’s Wealth Manager+ plaftform. We strongly believe in the importance of making a broad range of funds available to investors at competitive rates and working with JP Morgan Asset Management ensures this continues to be the case.”

The WealthManager+ online platform was launched in 2009 and allows investors to invest directly into funds or set up Isas and Sipps to help with retirement planning.

It also offers financial tools to help investors understand their risk tolerance and create an appropriate investment strategy.