J.P. Morgan Personal Advisors offers investment services for individuals with $25,000 or more, providing personalized financial strategies, expert-built portfolios, and ongoing fiduciary advice, with a fee structure based on invested amounts.
Table of Contents
J.P. Morgan Personal Advisors Summary
J.P. Morgan has an investment product, J.P. Morgan Personal Advisors, for individuals who wish to invest $25,000 or more.
This program grants everyday investors the opportunity to work with a team of financial advisors to construct a financial strategy and be paired with the right investments for their objectives.
Here’s how it works:
- Connect with a J.P. Morgan team member to schedule a free financial planning session. Call 833-930-4515 or fill out our contact form and we’ll be in touch.
- Work with a team of fiduciary advisors who will create a personalized financial plan, match you to expert built portfolios and provide ongoing advice via video or phone.
- Get matched to expert-built portfolios, and receive ongoing advice and annual check-ins to ensure your plan is on track.
- Our team of advisors act as fiduciaries so you can be confident that any advisor you work with has your best interest at heart.
- Manage all of your banking, investing and borrowing, and conveniently transfer money online and on the Chase Mobile® app.
- Once we understand your financial picture, risk tolerance and time horizon, we’ll recommend a professionally designed investment portfolio that meets your needs and automatically rebalances as the market shifts.
- Partner with an advisor to build a personalized financial plan based on what’s important to you-whether that’s paying off debt, opening a business or saving for a big purchase.
- J.P. Morgan Personal Advisors now offers automated tax-loss harvesting.
J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment adviser, member FINRA and SIPC. Insurance products are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. Certain custody and other services are provided by JPMorgan Chase Bank, N.A. (JPMCB). JPMS, CIA and JPMCB are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states.
INVESTMENT AND INSURANCE PRODUCTS: • NOT A DEPOSIT • NOT FDIC INSURED • NOT INSURED BY ANY FEDERAL GOVERNEMENT AGENCY • NO BANK GUARANTEE • MAY LOSE VALUE
What J.P. Morgan Personal Advisors Offers
Ongoing Access
Clients are required to pay a monthly advisory fee relative to the assets in their Personal Advisors account, and in return, they have unlimited access to advisors through phone or video consultations.
Customized Investment Strategies
In the first meeting, the advisor gathers information about the client’s financial situation, goals, and funding requirements. Subsequently, the advisor formulates a plan to help clients achieve their targets, be it purchasing a house, paying off debt, or saving for retirement.
Expert-Built Portfolios
Advisors will match clients with portfolios constructed by experts. These portfolios come in several varieties, each with distinct risk levels.
Personalized Service
Although clients may interact with different advisors, all sessions are one-on-one. During account creation and financial planning, clients work with the same advisor for consistency.
Managing All Accounts Under One Roof
The Chase Mobile App or Chase.com allows clients to oversee their investment, deposit, and lending accounts in one place.
Advisory Fees
Advisory fee is levied as follows:
- $25k to $249,999 invested: 0.6%
- $250k to $1 million invested: 0.5%
- Over $1 million invested: 0.4%
Automated Tax-Loss Harvesting
J.P. Morgan Personal Advisors has introduced automated tax-loss harvesting! This feature allows you to automatically offset capital gains by selling securities at a loss, which can be a smart move to reduce your tax bill.
READ MORE: TAKE A LOOK AT THIS PROMOTION FROM J.P. MORGAN BEFORE IT ENDS
Pros & Cons
Pros:
- Access to expert-constructed portfolios
- Custom-made investment strategies
Cons:
- Advisors are not certified financial professionals or CPAs
Other J.P. Morgan Wealth Management Products
J.P. Morgan offers other wealth management products, including Private Client Advisors for personalized advice, Self-Directed Investing for more control over investments, and Automated Investing through a robo-advisor.
READ MORE: SEE THIS LIMITED TIME PROMOTION FROM SEEKING ALPHA
Bottom Line
If you’ve got $25K or more that you’re looking to invest, J.P. Morgan Personal Advisors can be an attractive option.
They’ve got advisors who will work with you to create investment plans. They’re fiduciaries, which means they’re legally obliged to have your best interests at heart.
However, if you’re after specialized advice or have less than $25K to invest, you might want to weigh other options.
INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
Frequently Asked Questions (FAQ)
The advisors are part of J.P. Morgan Wealth Management and act as fiduciaries, providing investment advice based on clients’ goals.
An advisory fee is charged based on the amount invested, with no additional costs for consultations.
Clients have unlimited access to advisors through phone or video consultations.
Yes, you need to have at least $25,000 to invest with J.P. Morgan Personal Advisors.
The advisory fee is based on the assets you hold in your account. For investments between $25,000 and $249,999, the fee is 0.6%. For $250,000 to $1 million, it’s 0.5%, and for over $1 million, it’s 0.4%.
Having a dedicated financial advisor is not an option with J.P. Morgan Personal Advisors unless you have at least $250,000 invested. Otherwise, you will have access to a team of advisors.
An advisor will discuss your financial goals, timeline, and risk tolerance with you. Based on this information, they will match you with one of the expert-built portfolios that best aligns with your objectives.
If there are changes in your financial situation or goals, it’s important to communicate this with your advisor. They will help reassess and make necessary adjustments to ensure that your investment strategy continues to align with your objectives.
J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (“J.P. Morgan”), a registered broker dealer and investment adviser, member FINRA and SIPC. Moneysmylife is a publisher of J.P. Morgan, (“Publisher”). The Publisher will receive compensation from J.P. Morgan if you provide contact details to speak with a J.P. Morgan representative. Compensation paid to the Publisher will be up to $500 per completed contact form. Compensation provides an incentive for the Publisher to endorse J.P. Morgan and therefore information, opinions, or referrals are subject to bias. J.P. Morgan and the Publisher are not under common ownership or otherwise related entities, and each are responsible for their own obligations. Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved.
Unlock Your Trading Potential with Interactive Brokers – Click Here to Learn More!
Trending Checking Account Deal:
