A major shift just happened in the institutional finance world. JPMorgan Chase's asset-management division has decided to completely sever ties with proxy advisory firms, and they're doing it right now—no gradual transition, no exceptions.

What does this mean? Basically, JPMorgan's massive investment decisions will no longer be influenced by the guidance these advisory firms provide. It's a bold move, but here's the context: proxy advisory firms have been getting serious heat lately, especially from the Trump administration side. Their influence over corporate governance and shareholder voting has become a hot-button issue in Washington.

JPMorgan's move is essentially saying they'll chart their own course. Whether other major asset managers follow suit remains to be seen, but this decision signals how much pressure the industry is under right now. When a heavyweight like JPMorgan makes a unilateral call like this, others tend to pay attention.