JPMorgan's asset management division is phasing out its reliance on proxy advisers when making voting decisions in US shareholder meetings, according to internal documents. The move marks a significant shift in how one of the world's largest financial institutions approaches corporate governance and stewardship. This policy change could ripple through the broader investment landscape, influencing how institutional capital flows and governance structures evolve. For those tracking institutional money movements and asset allocation strategies, this signals the ongoing tension between traditional finance gatekeepers and more direct engagement models. The decision reflects growing pressure on asset managers to take more direct responsibility for their investment decisions rather than outsourcing to third-party advisory services. Whether this approach spreads across other major institutions remains to be seen, but it hints at the industry's gradual evolution toward more transparent and accountable governance practices.