J.P. Morgan Wealth Management Review: Plans Tailored to Your Financial Goals

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Quick Take: J.P. Morgan Wealth Management offers a full lineup of products and services to help clients save, invest and plan for the future, with the backing of one of the biggest financial services companies in the world.

J.P. Morgan Wealth Management Overview

J.P. Morgan Wealth Management is the U.S. wealth management business of JPMorgan Chase & Co., a financial services firm with assets of $4.1 trillion and operations worldwide. J.P. Morgan Wealth Management has about 5,600 advisors and $1 trillion of assets under supervision. Clients can invest digitally, remotely or in person by meeting with an advisor in one of more than 4,800 Chase branches throughout the U.S. or in one of the firm’s offices.

J.P. Morgan Wealth Management also has advisor offices in major cities across the Northeast and West Coast, though some offices are also scattered in the Southeast, Midwest and Southwest.

Key Features

A number of products and services are offered under the J.P. Morgan Wealth Management umbrella. Here’s a quick look.

Wealth Planning

• Estate planning
• Liquidity events (focused on transitioning business and personal wealth)
• Philanthropy
• Executive services

Full-Service Investing

J.P. Morgan Wealth Management offers personalized investment strategies based on its research and proprietary data. You’ll have access to financial advisors and a personal banking assistant to manage your account as well as real-time support for special requests. Services include the following:

• Investment and portfolio management
• Investment strategies for specific asset allocation needs
• Access to alternative investments

Investment Products

• 529 plans
• IRAs
• Annuities
• ETFs
• Sustainable investing options
• Brokerage accounts
• Mutual funds
• Stocks
• Annuity multi-asset choices (MACs)

Self-Directed Investing

Although J.P. Morgan Wealth Management touts a full-service experience that includes access to professional advisors, you can also trade online on your own with a J.P. Morgan Self-Directed Investing account that lets you trade stocks, funds, ETFs and options. All online trades are commission-free with J.P. Morgan Self-Directed Investing. Fractional shares are available on over 800 stocks and ETFs, also commission-free, for as little as $5. You can receive a $700 cash bonus by opening and funding a new account and meeting all qualifications by October 21, 2025.

The company offers the following bonuses for opening a Self-Directed Investing account. Note that offers are subject to change:

• $50 when you transfer or roll over $5,000-$24,999
• $150 when you transfer or roll over $25,000-$99,999
• $325 when you transfer or roll over $100,000-$249,999
• $700 when you transfer or roll over $250,000 or more

Lending

J.P. Morgan Wealth Management offers custom credit strategies for long- and short-term liquidity, new acquisitions and investment opportunities. These include real estate lending for residential and commercial properties as well as other credit solutions.

J.P. Morgan Personal Advisors

In November 2022, J.P. Morgan Wealth Management launched a remote investing advice product called J.P. Morgan Personal Advisors. Through this product, clients can speak with an advisor as frequently as they want by video or phone. They’ll also receive a personalized financial plan and recommendations, and they’ll have access to expert-built investment portfolios. The product is integrated within the Chase digital system, so clients can transfer money and manage all of their banking, investing and borrowing online or on the Chase Mobile app.

J.P. Morgan Personal Advisors charges an annual fee of 0.6% of account assets for accounts with less than $250,000. The fee percentage is lower for larger accounts. The product has a relatively low account minimum of $25,000.

Mobile App

J.P. Morgan Wealth Management customers who also have a Chase or J.P. Morgan account can sign up for its Wealth Plan digital tool using the Chase Mobile app or the Chase website. J.P. Morgan Wealth Plan is part of a collaborative suite of digital tools that you and a J.P. Morgan advisor can use to track your financial progress and adjust your strategies around saving, spending and external accounts.

In January 2023, J.P. Morgan Wealth Management launched QuickDeposit for Investments, which lets clients deposit checks into their investment accounts anytime from their phone using the “Home” or “Pay & Transfer” tabs in the Chase Mobile app.

Fees and Minimums

J.P. Morgan Wealth Management charges an advisory fee for baout a maximum of 1.45%. There are different investment minimums as well, depending on the program yo uselect.

For example, your initial investment only needs to be $10,000 for the J.P. Morgan Core Advisory Portfolio. On the other hand, for the Fixed Income Advisory Program, the fee is only 0.70%, however, the minimum investment is just about $100,000.

Remember that there is no minimum to start investing with J.P. Morgan Self-Directed Investing. You can learn more by visiting the J.P. Morgan Wealth Management site. You can also have the annual maintenance fee waived on a J.P. Morgan IRA by maintaining a balance of $10,000 or more.

Customer Service

The J.P. Morgan Wealth Management site does not list any customer service contact numbers. Instead, you can contact Chase Customer Service at 800-935-9935. For general inquiries regarding JPMorgan Chase & Co. or other lines of business, you can also call 212-270-6000.

How To Apply

If you want to open a J.P. Morgan Wealth Management account, you can connect with a J.P. Morgan advisor directly by using this contact form. Otherwise, you can go to the J.P. Morgan general website and apply for any account there.

Who It’s Best For

J.P. Morgan Wealth Management targets a wide range of clients, depending on how you’d like to invest. You don’t need a minimum amount to start investing, though; $5,000 is the minimum to invest if you’d like to be eligible for a sign-up bonus.

How J.P. Morgan Wealth Management Earned Its Scores

Range of Services

J.P. Morgan Wealth Management offers the standard lineup of services you’ll find at most big banks and investment firms, although it doesn’t extend very far into more niche areas.

Accessibility

If you prefer meeting face-to-face with an advisor, most of its offices are concentrated in the Northeast or California.

Investment Products

Again, you’ll find no shortage of investment products at J.P. Morgan Wealth Advisors to fit all kinds of financial strategies.

Digital Options

J.P. Morgan Wealth Management regularly receives high marks for its Wealth Plan and other digital tools.

J.P. Morgan Wealth Management vs. Competitors

Wealth management is a big field with many different types of players, ranging from small boutique firms to massive corporations such as Goldman Sachs, USB and Morgan Stanley. Since J.P. Morgan Wealth Management is part of a financial corporation that also offers retail banking, its natural rivals are similar companies such as Wells Fargo and Bank of America. Here’s a look at how they stack up.

J.P. Morgan Wealth Management vs. Wells Fargo Advisors

Wells Fargo Advisors is Wells Fargo’s wealth management unit, and it offers many of the same services found at J.P Morgan Wealth Management. Its services include asset management, advisory services, estate planning, retirement planning, portfolio analysis and more. As with J.P. Morgan, customers of Wells Fargo Advisors can choose to open a self-directed investing account or work with a dedicated financial advisor. J.P. Morgan Wealth Management scores higher with its digital tools.

J.P. Morgan Wealth Management vs. Merrill

Merrill is the wealth management division of Bank of America, and it offers a broad range of financial services such as investment management, wealth planning, advisory services, lending and more. But again, J.P. Morgan Wealth Management gets the nod for its forward-thinking digital financial management program.

Final Take

Customers who want a well-rounded mix of financial and investment services and products will get just about all their boxes checked with J.P. Morgan Wealth Management. The company does not necessarily offer more than its peers, but you won’t find it lacking in any area, either. It might be best suited for those who live where it operates offices, but you can also do plenty online.

This article was updated on July 31, 2024, to clarify some inaccuracies, such as the minimum investment required.

INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE

The information related to J.P. Morgan Wealth Management was collected by GOBankingRates and has not been reviewed or provided by the issuer of this product. Product details may vary. Please see the issuer’s website for current information. GOBankingRates does not receive commission for this product.

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