J.P. Morgan Wealth Management is a service offered by JPMorgan Chase & Co. that gives you access to self-directed investing, investment management, and overall wealth guidance with the help of a financial advisor.4
J.P. Morgan Self-Directed Investing and J.P. Morgan Automated Investing offer unlimited commission-free trades and low annual fees. Customers can open an account with as little as $0. But is it the right product to help you reach your investment goals?
In this review, we’ll look at the pros and cons of J.P. Morgan Wealth Management to see whether it's right for you.
J.P. Morgan Wealth Management helps you access various investment options while receiving fiduciary advice.
- Pick a general investing account, Roth IRA, or Traditional IRA
- Get unlimited commission-free online stock, ETF, and options trades
- Invest in a wide range of stocks, ETFs, bonds, mutual funds, and options
- Key takeaways
- What is J.P. Morgan Wealth Management?
- How does online investing with J.P. Morgan work?
- How much can you earn with J.P. Morgan Wealth Management?
- How to get started with J.P. Morgan Wealth Management
- Alternatives to J.P. Morgan Wealth Management
- J.P. Morgan Wealth Management FAQ
- J.P. Morgan Wealth Management review: bottom line
- J.P. Morgan Wealth Management offers a comprehensive range of services, including Self-Directed Investing, Automated Investing, Personal Advisors, and Private Client Advisor, providing options aligned with various experience and financial goals.
- The service provides various methods for wealth management, including personalized advice from experts and financial advisors. You also get access to J.P. Morgan Wealth Plan, a digital solution that helps you see an overall picture of your finances.
- You can start investing with J.P. Morgan Wealth Management with as little as $0 when you open a Self-Directed Investing account or $500 when you open an Automated Investing account.
- J.P. Morgan Wealth Management integrates banking services for day-to-day cash flow management, offering a personal banking assistant and access to money management tools.
What is J.P. Morgan Wealth Management?
J.P. Morgan Wealth Management is a division of JPMorgan Chase & Co. that offers a range of investment products and services. With J.P Morgan Wealth Management, you can find financial services such as investment planning, self-guided investing, financial advising, and more.
J.P. Morgan Wealth Management’s services can be divided into these categories:
- Investment access: You can get investment access for varying fees via self-directed investing, automated inventing, and investing with the help of personal advisors or one-on-one private client advisors. Advisors can help with asset allocation, market trends, and strategic investment decisions that support their goals.
- Wealth planning: You can use J.P. Morgan Wealth Plan, a digital solution that works as a money coach to help you make educated decisions for your financial future. J.P. Morgan Wealth Plan is free for all Chase clients. In addition, you can get more specialized financial planning, such as retirement planning and estate planning.
- Banking services: For a more comprehensive service, you can also access banking products and services to manage your day-to-day cash flow. This includes a personal banking assistant to help set up accounts and secure access to money management tools from any device.
- Securities-based lending: You can access financing options that are secured by your investments. This could help you fund large purchases without needing to liquidate your assets.
How does online investing with J.P. Morgan work?
The J.P. Morgan online platform can offer a great way for new investors to learn how to invest money because it gives you different account options based on how much you'd like to invest and how involved you want to be in picking your investments.
|J.P. Morgan Self-Directed Investing*||J.P. Morgan Automated Investing||J.P. Morgan Personal Advisors||J.P. Morgan Private Client Advisor|
|Best for||Experienced investors who prefer to choose their own investments||New and experienced investors who want a hands-off approach to investing||Investors who like the help they can receive from a personal advisor||Investors with at least $100,000 who want one-on-one access to an advisor|
|Types of investments||
Stocks, ETFs, options, fixed income, and mutual funds
Portfolios built by J.P. Morgan experts
||Portfolios built by J.P. Morgan experts||A customized portfolio built for you|
|Asset allocation||Customer chooses investments||Investments chosen by J.P. Morgan experts based on your risk tolerance and goals||Investments chosen by J.P. Morgan advisors based on your risk tolerance and goals||A range of managed, brokerage, and insurance investment products for a unique portfolio based on your needs|
|Rebalancing||Manual||Automatic||Automatic with guidance from personal advisors||Automatic with guidance from a private client advisor|
|Fees||$0 for U.S. stocks, ETFs, mutual funds, and fixed income trades
$0 for options trades plus $0.65 per-contract fee
|0.35% annual advisory fee||0.4% to 0.6% annual advisory fee||0.70% to 1.45% annual advisory fee|
*For online trading. Higher fees apply for representative-assisted trades.
1. J.P. Morgan Self-Directed Investing
J.P. Morgan Self-Directed Investing is a brokerage account best suited for experienced investors who prefer to choose their own investments.
There is no minimum balance requirement, making it accessible for investors of all sizes. Available investments include stocks, ETFs, options, fixed income, and mutual funds.
As a client, you get to determine your own asset allocation, providing a high level of control over the investment strategy. Rebalancing is manual, meaning the investor is responsible for adjusting their investment portfolio as needed.
J.P. Morgan Self-Directed Investing fees are competitive. You’d pay $0 for U.S. stocks, ETFs, mutual funds, and fixed income trades, and $0 for options trades plus a $0.65 per-contract fee.
2. J.P. Morgan Automated Investing
J.P. Morgan Automated Investing is a form of a robo-advisor designed for both new and experienced investors who want a hands-off approach to investing.
A minimum balance of $500 is required to start investing. The portfolios are built by J.P. Morgan experts based on your risk tolerance and goals. The J.P. Morgan Automated Investing service includes automatic rebalancing, ensuring your portfolio stays aligned with your investment goals.
The annual advisory fee for this service is 0.35% of your account balance.
3. J.P. Morgan Personal Advisors
J.P. Morgan Personal Advisors is a service for investors who appreciate the help they can receive from a personal advisor.
To use this service, you must maintain a minimum balance of $25,000. J.P. Morgan advisors build portfolios based on your risk tolerance and goals. The service includes automatic rebalancing and guidance from your advisor.
The annual advisory fee ranges from 0.4% to 0.6% of assets under management, depending on your account balance.
4. J.P. Morgan Private Client Advisor
J.P. Morgan Private Client Advisor is a premium service for investors with at least $100,000 who want one-on-one access to an advisor.
The advisor helps build a unique portfolio based on your financial needs, which can include a range of managed, brokerage, and insurance investment products. The service gives you access to automatic rebalancing with guidance from your private client advisor.
The annual advisory fee for this service ranges from 0.70% to 1.45%, based on your balance and investment products used.
How much can you earn with J.P. Morgan Wealth Management?
Investing in stocks and bonds carries inherent risks, and there’s no guarantee of returns. Your potential earnings with J.P. Morgan’s You Invest or any other investing app depend on your asset choices, risk tolerance, and investment duration.
For instance, U.S. Treasuries, known for their safety, typically yield lower returns. On the other hand, investing in individual stocks, mutual funds, and ETFs could offer higher returns but with greater volatility. Over time, however, this volatility tends to decrease. For example, the S&P 500 has averaged a 10% annual return since 1965.
Ultimately, your earnings will be determined by your investment decisions and your willingness to accept risk for potential returns.
How to get started with J.P. Morgan Wealth Management
To open a J.P. Morgan online investing account, you must be 18 years or older with a valid Social Security number and a U.S. home address. J.P. Morgan does not currently offer joint accounts.
Accounts can be opened without a deposit when choosing the J.P. Morgan Self-Directed Investing option. The minimum opening balance is $ 500 for a J.P. Morgan Automated Investing account. The minimum balance jumps to $25,000 for J.P. Morgan Personal Advisors and to $100,000 for J.P. Morgan J.P. Morgan Private Client Advisor.
Selecting an account
To sign up, follow these steps:
1. Choose the account type you'd like to open.
2. If you chose J.P. Morgan Personal Advisors or J.P. Morgan Private Client Advisor, your next step would be to enter your personal information, and an advisor will reach out to you via phone.
3. If you chose J.P. Morgan Self-Directed Investing or J.P. Morgan Automated Investing, your next step would be to choose a general investment account or a retirement account such as a traditional IRA or a Roth IRA.
4. Continuing with a general investment account or a retirement account takes you to 10 questions about you and your investment preferences and experiences.
5. If you chose J.P. Morgan Automated Investing, you'd receive an automated portfolio that might fit your risk tolerance and goals, along with additional account details.
6. If you feel that the portfolio suggested is right for you, you will click "open an account" to proceed.
Opening an account
To open your account, you'll be asked whether you're an existing Chase customer. If so, much of your personal information will pre-populate.
If you do not already have some sort of Chase account, you’ll need to be prepared to provide the following information:
Then, you'll authorize Chase to use consumer reports to review your application and verify your identity.
Your account can be funded from an existing bank account or through the transfer of assets from another investment account.
Alternatives to J.P. Morgan Wealth Management
If investing with J.P. Morgan doesn’t sound like a good fit, there are other investment products on the list of the best brokerage accounts to consider. Two popular investing apps with no account minimums and commission-free trading are Stash and Public.
Stash is a good choice if you want to make small investments because you can start investing in stocks or exchange-traded funds (ETFs) for as little as $1.2 ,1 You can set up automatic investments, or even use a roundup feature to invest your pocket change. With Stash, you can build a portfolio using suggestions from Stash or by creating your own portfolio from a selection of individual stocks and ETFs.3
Read our full Stash review.
If you prefer to pick your own investments but want access to important features such as fractional share investing and automatic dividend reinvestment, you might prefer a stock trading app like Robinhood. Robinhood offers both of these features, no deposit minimums, and educational resources for new investors. It also offers no commissions, which makes it a good option for day trades.
Read our Robinhood review.
J.P. Morgan Wealth Management FAQ
Is J.P. Morgan Self-Directed Investing commission-free?
Yes, you can invest without paying a commission with J.P. Morgan Self-Directed Investing. This service allows you to invest in U.S. stocks and ETFs, mutual funds, and fixed-income investments without paying a commission. Fixed income investments include government bonds, corporate bonds, and brokered CDs. Some less common trades and orders that require assistance may incur fees.
Can you transfer an existing IRA to J.P. Morgan?
Yes, you can perform an account transfer from your existing traditional or Roth IRA to J.P. Morgan. If you choose to open a J.P. Morgan Self-Directed Investing, your current assets will stay the same when you transfer. If you choose a J.P. Morgan Automated Investing account, your current assets might be sold to invest in the J.P. Morgan portfolio that best fits your stated financial goals.
Does J.P. Morgan Wealth Management have a mobile app?
Yes, J.P. Morgan Wealth Management has a mobile app. Depending on your account, you might use the same Chase mobile app that Chase banking and credit card customers use. Private banking clients would use the J.P. Morgan Mobile app.
J.P. Morgan Wealth Management review: bottom line
J.P. Morgan Wealth Management offers a range of investment services catering to various investor preferences and needs.
With options like Self-Directed Investing, Automated Investing, Personal Advisors, and Private Client Advisor, you can choose a level of involvement that suits your experience and financial goals.
The service provides access to a diverse array of investment vehicles, including stocks, ETFs, options, and fixed income. While Self-Directed Investing stands out for its commission-free trades and low fees, Automated Investing offers a hands-off approach with portfolios designed by J.P. Morgan experts.
Personal Advisors and Private Client Advisor services cater to those seeking personalized guidance, with minimum balance requirements ranging from $25,000 to $100,000.
J.P. Morgan Self Directed Benefits
- Get up to $700 with qualifying activities
- Get unlimited commission-free online stock, ETF and options trades
- Choose from a wide range of stocks, ETFs, fixed income, mutual funds, and options
- Pick a general investing account, Roth IRA or Traditional IRA