The firm anticipates expanding the technology to more funds on its platform later this year.

The digital-focused advisory recruits advisors from UBS, Farther and others, bringing its total assets to over $400 million.

JPMorgan's asset-management unit, which handles money for wealthy people and institutions including endowments and pension funds, is seeking to grow its private credit offerings.

Gorman's decision to step down after giving up the CEO role in January is seen as a vote of confidence in Pick’s leadership.