If you're searching for low-cost investment options, don't overlook commission-free trading with J.P. Morgan Wealth Management. The brokerage functions as the investment division of J.P. Morgan Securities, LLC, offering several inexpensive investment choices for passive and active investors.
Business Insider's personal finance team compared J.P. Morgan Wealth Management to the best online brokerages. We found it a good platform for beginners and existing Chase Bank users.
Pros and Cons
J.P. Morgan Wealth Management Pros
- $0 account minimum and low fees
- Trade commission-free stocks, ETFs, options, and no-transaction-fee mutual funds
- Professionally managed account options
- Easy to connect with other Chase accounts
J.P. Morgan Wealth Management Cons
- Limited advanced trading features and research
- Low 0.01% on uninvested cash
- No longer offer an automated account option
Open an Account
$0
0%
$700 when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money by 4/15/2025
- No minimum requirement;
- Commission-free stocks, ETFs, options, and mutual funds
- Account includes access to exclusive JP Morgan research
- Stock, mutual fund, and ETF screeners available
- Limited selection of account types
- No advanced trading platforms
- Get up to $700 when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money by 4/15/2025
- $700 when you fund with $250,000 or more
- $325 when you fund with $100,000-$249,999
- $150 when you fund with $25,000-$99,999
- $50 when you fund with $5,000-$24,999
- Get unlimited commission-free online stock, ETF, fixed income, and options trades when you open an account.
- $0 Online Commission trades
- Choose an account that's right for you: General Investing, Traditional IRA or Roth IRA.
- Access our secure, easy-to-use trading experience online or through the Chase Mobile® app.
- Our powerful tools and resources are built to help you take control of your investments.
- INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
Compare J.P. Morgan Wealth Management
$0 ($1 to start investing); $5 fractional shares; $2,000 for margin trading
0% for active trading and automated investing
Get up to $1,000 in stock when you fund a new account.
- No account minimum
- No account or trading fees, and low fees to own funds
- Access to Certified Financial Planners
- IPOs available
- SoFi 1% IRA match
- No tax-loss harvesting, an advanced investing technique where you sell a stock or mutual fund at a loss for a tax benefit
- No option for stop-loss orders when actively investing. SoFi's active investing account only uses market orders
- Currently only available to US residents
SoFi Invest is a great platform for US investors who are looking for an intuitive online trading experience, an open active or automated investing account.
SoFi Active Invest- Promotion: Get up to $1,000 in stock when you fund a new account.
- App store rating: 4.8 iOS/3.8 Android
- Consider it if: You want an easy-to-use platform paired with rock-bottom pricing.
$0 ($1 for fractional shares; $2,000 for margin trading)
0% ($5/month for Robinhood Gold)
- Free stock, option, ETF, and cryptocurrency trades; 0.01% APY on uninvested cash for non-Gold users and 4.00% for Gold members
- IPO investing available
- Cash management accounts available
- Website is easy to navigate; advanced charts for all users
- Lack of investing research and trading tools; can only take advantage of professional research if you're a Robinhood Gold member
- No joint accounts, education savings accounts, or mutual funds
- App store rating: 4.2 iOS/4.0 Android
- Consider it if: You want to trade crypto and invest in a wide range of stocks and ETFs.
$1 ($500 for automated investing)
$0 for stock trades. 0.25% for automated investing (0.06% to 0.13% for fund fees)
- Low annual fee for investment accounts; crypto trust investments available
- Tax-loss harvesting, portfolio lines of credit, 529 college savings plans available
- Cash account
- Mobile app and investing and retirement tools
- You need at least $100,000 to utilize additional investment strategies
- No human advisor access
Wealthfront is one of the best robo-advisor options if you're in search of low-cost automated portfolio management, and one of the best socially responsible investing apps for features like tax-loss harvesting, US direct indexing, and crypto trusts.
Wealthfront- Consider it if: You're balancing several goals and want to streamline your finances.
- Promotion: Fund your first taxable investment account with at least $500 in the first 30 days of account opening and earn a $50 bonus.
J.P. Morgan Wealth Management Overview
J.P. Morgan Self Directed Investing is a goal-oriented online brokerage and banking platform offering various investment strategies and services for all kinds of investors.
It offers self-directed and professionally managed account options. However, automated trading is no longer available, so passive-style investors should look elsewhere.
You can trade commission-free stocks, options, and $1 no-load mutual funds. The mobile app can seamlessly integrate with your Chase Bank account and credit cards.
With a professionally managed account, you can work one-on-one with a dedicated financial advisor to build a custom portfolio and financial plan.
J.P. Morgan J.P. Morgan Online Investing is best for novice, hands-on traders or passive investors interested in professional management. It's also convenient for existing Chase Bank customers interested in trying their luck in the stock market.
Consider investing through one of the best investment apps for beginners if you want access to comprehensive trading tools, more brokerage account options, or robo-advice.
Ways to Invest with J.P. Morgan Wealth Management
Here's to invest with J.P. Morgan Wealth Management.
J.P. Morgan Self-Directed Brokerage Account
J.P. Morgan Self Directed Investing lets you place trades without paying commissions for stocks, ETFs, options, and mutual funds. There's a $0 minimum to get started.
Get access to a Portfolio Builder tool, investment comparison features, and a bond ladder illustrator with J.P. Morgan Wealth Management.
Beginners may benefit from the bank's tax planning services, a library of learning resources, webcasts, and J.P. Morgan exclusive research.
Fractional share trading of more than 800 stocks and ETFs is available starting at $5. You can place a market order online or through the Chase Mobile app.
As for its sign-up bonus, those who fund a J.P. Morgan Self-Directed Investing account (general investment, traditional IRA, and Roth IRAs are eligible) with qualifying new money receive the following rewards (offer ends April 15, 2025):
- $700 when you fund with $250,000 or more
- $325 when you fund with $100,000 to $249,999
- $150 when you fund with $25,000 to $99,999
- $50 when you fund with $5,000 to $24,999
J.P. Morgan Personal Advisors Account
With a J.P. Morgan Personal Advisors brokerage account, you'll receive ongoing virtual financial advice, including a personalized financial plan created by a team of fiduciary advisors. The platform's advisors match you with an expert-built portfolio with ongoing advice and annual check-ins.
J.P. Morgan's holistic view of banking, investing, and borrowing considers your entire financial picture, risk tolerance, and time horizon to match your pre-built investment portfolio.
Investors initially work alongside an advisor during the account setup progress. After that, your investments are automatically rebalanced to keep you on track to meet your goals.
If your goals or financial situation changes, you can schedule a meeting with an advisor to adjust your portfolio and strategy.
J.P. Morgan Private Client Advisor Account
You can work one-on-one with an advisor committed to building a personalized and actionable investment strategy to help you reach your financial goals, whether early retirement, paying down debt, education saving, or buying a home.
Wealth management services by J.P. Morgan include face-to-face chats with a dedicated advisor, personalized investment advice based on your financial picture, goal-based investment strategies, and a custom portfolio with access to various brokerage and insurance products.
J.P Morgan Retirement Accounts
J.P. Morgan offers investment options for traditional and Roth IRAs. With the self-directed investing option, you can open either retirement account with no minimum requirement. Or, you can work one-on-one with a J.P. Morgan advisor for tailored guidance. But you'll be subject to higher minimum requirements and fees.
Features included with a J.P. Morgan IRA are advisor access, online investing tools, a custom financial plan, and long-term investment strategies. It offers various mutual funds, stocks, bonds, and ETFs that can be easily tracked and managed through the Chase Mobile app.
529 Plans
J.P. Morgan online investing supports 529 plans, combining the benefits from some of the best 529 plans with J.P. Morgan asset management to help investors prepare for college education expenses. This account gets you access to more than 100 multi-asset financial experts to help you build and manage an investment portfolio.
529 plans are tax-advantaged accounting that can help people afford various educational expenses, such as K-12 tuition, student loan payments, apprenticeships, school supplies, and room and board.
J.P. Morgan supports two 529 plans: New York's 529 Advisor-Guided College Savings Program and the Future Path 529 Plan.
J.P Morgan Investment Options
J.P. Morgan Invest offers stocks, ETFs, fractional shares, options contracts, secondary corporate bonds, municipal bonds, mutual funds, brokered CDs, money market funds, and alternative investment options. You can also invest in fixed-income investments, equity, multi-asset solutions, and global liquidity.
J.P. Morgan Wealth Management Fees
A self-directed brokerage account doesn't require a minimum deposit to open; the fees are generally low for DIY investing strategies. But you'll need at least $2,500 in your account to unlock the Portfolio Builder tool.
J.P. Morgan Personal Advisor account requires a $25,000 minimum balance and charges an annual fee between 0.6% and 0.5% of your assets — the higher your account balance, the less you'll pay in fees. That means, at minimum, you'll pay $150 per year in annual advisory fees ($25,000 account balance with a 0.6% annual fee).
J.P. Morgan Private Client Advisor brokerage and retirement savings accounts require a $100,000 minimum in investable assets and charge a $50 annual fee. This fee is waived for Chase Private Clients, folks with more than $25,000 combined investment balances, those who transact a commissionable trade in a calendar year, or clients with more than $50,000 in a Chase banking account.
J.P. Morgan Trustworthiness
J.P. Morgan Chase has an A+ rating with the Better Business Bureau. Since the BBB rates companies using an A+ to F range, this suggests that J.P. Morgan Chase displays excellent business practices and interacts well with its customers.
Though ratings aren't the same for every company, the BBB assesses all companies by reviewing licensing information, advertising, government actions, and more.
In February 2024, five Chase customers filed a lawsuit against JP Morgan Chase, alleging that the bank charged them predatory and unconscionable fees for unintentionally depositing checks that bounced. The suit argues that the person who deposited the check should not be at fault for insufficient funds and is seeking at least $5 million in damages. Chase has not commented on the lawsuit but did state that the bank stopped charging fees in December 2022.
In 2023, J.P. Morgan settled a lawsuit with the US Virgin Islands after being accused of facilitating Jeffrey Epstein's sex-trafficking enterprise for over a decade. J.P. Morgan settled the lawsuit by agreeing to pay a $75 million settlement, neither confirming nor denying the allegations. $55 million worth of the settlement will go toward local charities and victim assistance, while the rest will cover legal fees. Jeffery Epstein was terminated as a client by J.P. Morgan in 2013.
J.P. Morgan Alternatives
Below, see a comparison of J.P. Morgan with two similar investing platforms.
J.P. Morgan vs. E*TRADE
J.P. Morgan and E*TRADE are both easy-to-use investment platforms with a $0 minimum balance requirement and commission-free stocks, ETFs, and mutual funds. However, they diverge in fees and investment strategies.
J.P. Morgan no longer offers its robo-advisor for low-cost passive investing. This makes E*TRADE the best choice for automated investment management through its Core Portfolios. There's a $500 minimum to get started.
E*TRADE offers more retirement plan options, such as a beneficiary IRA, an IRA for minors, and an E*TRADE Complete IRA for retirement investors over 59 1/2. However, E*TRADE's fees are slightly higher than J.P. Morgan Self-Directed Investing and E*TRADE accounts don't support Zelle, whereas J.P. Morgan does.
J.P. Morgan vs. SoFi Invest
SoFi Invest is another popular online option for comprehensive investment guidance and brokerage services. SoFi® offers automated investing with a $1 minimum to access robo-advice.
J.P. Morgan offers zero commission stocks and ETFs. SoFi Active Invest offers $0 in commission for stocks and ETFs, but no options.
Overall, SoFi is better for new investors interested in both active and automated investing on a beginner-friendly platform with curated learning content and real-time news updates. J.P. Morgan is better for investors with larger account balances who want to work alongside a fiduciary advisor to create a personalized financial plan.
J.P. Morgan Wealth Management FAQs
What is J.P. Morgan Wealth Management, and what services does it offer?
J.P. Morgan Wealth Management is a comprehensive investment platform offered by J.P. Morgan Chase, one of the largest and most popular financial institutions. It offers various investment products and services, including self-directed trading, professionally managed brokerage accounts, and personalized wealth management solutions from fiduciary advisors.
How does J.P. Morgan Wealth Management stand out from other investment platforms?
J.P. Morgan stands out as a transparent and trustworthy brokerage and banking platform. Its holistic view considers your entire financial picture to match you with a dedicated financial advisor, create a custom financial plan, or pair you with a pre-established, professionally built portfolio.
What are the fees associated with J.P. Morgan Wealth Management?
J.P. Morgan Wealth Management fees vary depending on the account type and investment options. A self-directed brokerage account generally has low fees with low minimum deposit requirements and commission-free trades.
Is J.P. Morgan Wealth Management suitable for beginner investors?
J.P. Morgan Wealth Management may not be suitable for beginner investors. It's best for hands-on, DIY traders who prefer to do the majority of their tracking and trading through a mobile app. However, J.P. Morgan no longer offers a robo-advisor service.
How do investors access their J.P. Morgan Wealth Management accounts and manage their investments?
Investors can access their J.P. Morgan Wealth Management accounts online or through the Chase mobile app. You can track your investments' performance, research investment opportunities, manage your portfolio, and set up automatic contributions.
Why You Should Trust Us: How We Reviewed J.P. Morgan Wealth Management
We examined J.P. Morgan Online Investing investing app using Business Insider's investing rating methodology to compare and examine account types, pricing, investment options, and overall customer experience when reviewing investing platforms. Platforms are given a rating from 1 to 5.
J.P. Morgan was evaluated, focusing on how it performed in each category.
Business Insider's Overall J.P. Morgan Wealth Management Rating
| Feature | Rating (out of 5) |
| Fees | 4.50 |
| Investment selection | 4.50 |
| Access | 4.35 |
| Ethics | 5.00 |
| Customer service | 5.00 |
| Overall score | 4.65 |
INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
Sofi Active Invest: Investments are not FDIC-insured - Are not bank-guaranteed - May lose value - Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org).
Must be a SoFi Plus member at the time a recurring deposit is received into your SoFi Active or Automated investing account to qualify. Bonus calculated on net monthly recurring deposits made via ACH and paid out as Rewards Points. See Rewards Terms of Service. SoFi reserves the right to change or terminate this promotion at any time without notice. See terms and limitations. https://www.sofi.com/sofiplus/invest/#disclaimers.
SoFi Plus members can schedule an unlimited number of appointments with a financial planner during periods in which the SoFi Plus member meets the eligibility criteria set forth in section 10(a) of the SoFi Plus Terms and Conditions. SoFi members who are not members of SoFi Plus can schedule one (1) appointment with a financial planner. The ability to schedule appointments is subject to financial planner availability. SoFi reserves the right to change or terminate this benefit at any time with or without notice. Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth's advisory operations, services, and fees is set forth in SoFi Wealth's current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov.
Customer must fund their Active Invest account with at least $50 within 30 days of opening the account. Probability of customer receiving $1,000 is 0.028%. See full terms and conditions. https://www.sofi.com/invest/clawpromotion/rules.
