J.P. Morgan Wealth Management Review 2023

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Andrew Hayward
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J.P. Morgan Wealth Management offers three tiers of services. Self-directed investing, advisory services and investment advice, and robo-advising depending on your risk tolerance.

All three investment choices come with a cash account and a variety of financial products.

Read my review below to find out if J.P. Morgan Wealth Management is right for you, and if so, which type of service you should select.

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Who is J.P. Morgan Wealth Management

J.P. Morgan Chase, headquartered in New York City, is the result of the combination of several large U.S. banking companies since 1996, including Morgan Stanley, Chase Manhattan Bank, J.P. Morgan & Co., Bank One, Bear Stearns and Washington Mutual.

The company’s oldest predecessor institution, The Bank of the Manhattan Company, was the third oldest banking corporation in the United States, and the 31st oldest bank in the world, having been established on September 1, 1799, by Aaron Burr.

J.P. Morgan Wealth Management (JPMWM) offers investment products and services through J.P. Morgan Securities LLC. The J.P. Morgan Wealth Management subsidiary has AUM (Assets Under Management) of $188 billion dollars with 6,000 professional financial advisors.

Morgan asset management, as a subsidiary of J.P. Morgan Chase, is publicly traded under the ticker symbol of JPM. The investment company is also a registered investment advisor and registerd with the commodity futures trading commission.

JP Morgan Wealth Management Ratings


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  • Wide array of financial investment options to choose from for personal finance
  • Wealth Planning Insights helps everyone with financial planning
  • Morgan advisors offer in-person investing advice for individual investors
  • The annual management fee (wrap fee) is only 0.35%


  • Must have higher levels of wealth to qualify for several products
  • Limited research offerings and trading tools
  • No retirement planning accounts available
J.P. Morgan Wealth Management Review Homepage

J.P. Morgan Wealth Management Account Fees

The minimum deposit for JP Wealth Management automated investment management is a $500 to $250,000 minimum deposit with a 0.35% Wrap Fee.

A “Wrap Fee” takes all the separate fees and combines them together to one simple number that is multiplied by the amount in the account at the end of the year.

The costs and fees for self-directed investing include a $0 minimum deposit, $0 commissions stock and ETF trades, $0 option trades + a .65 contract fee, $0 mutual funds ($20 representative assisted), $0 for treasury bills, and $10 for corporate bonds. Writing (selling) options is not available in this account no matter the amount deposited. With a $0 deposit minimum, and the lowest costs in the industry for trading, JPM Wealth Management self-directed trading is a very attractive choice for investors with the knowledge to build their portfolios with little advice.

Wealth Planning

Morgan asset management helps clients realize their vision for the future with a multigenerational wealth plan that reflects their priorities and preserves their legacy.

J.P. Morgan Wealth Management has multiple investment management options, including working with a financial advisor, setting up a manual investment portfolio, investment advisory services, automated investing, savings accounts, access to Morgan self directed investing, a dedicated portfolio manager, or a financial professional.

Automated Investing

Model Portfolios:

The J.P. Morgan Wealth Management Program offers two types of model portfolios— “Portfolios” and “Glide Path Portfolios.” The allocations of Portfolios are based on the firm’s long-term capital market assumptions, as well as correlation between asset classes.

While the allocations for Portfolios may change, they are not designed to change based on the client’s age and target retirement date.

The Program currently offers four model Portfolios: Conservative, Moderate, Growth and Aggressive. Portfolios are available to all Program participants. For current allocations, please see the Program Website. JP Wealth Management retains the right to modify the asset allocations for the Portfolios at any time.

Morgan securities helps clients prepare for the successful transition of wealth with thoughtful pre-transaction planning around tax, investment, and estate goals.

Morgan asset management utilizes portfolio managers to go beyond basic charitable giving with a strategic philanthropy plan that furthers client values and strengthens their impact on the causes customers care about.

Maximize the benefits and minimize the risk of equity-based compensation, non-qualified retirement plans, and other corporate perks for your overall wealth plan.

Full Service Investing

Take advantage of market trends with personalized strategies based on J.P. Morgan’s award-winning research and proprietary data. 

  • Best-in-class investment and portfolio management
  • Investment strategies for your specific asset allocation needs
  • Access to a wide range of alternative investments

Solutions centered around you

  • Premium banking products for every aspect of your financial life
  • Concierge and digital services for access to your money, when and where you need it
  • Shared accounts for ease and accountability

An experienced team at your side

  • Dedicated service professionals who understand your needs
  • A personal banking assistant to manage your account
  • Real-time support for special requests

Strength and security when you need it most

  • The stability of one of the most trusted financial services firms in the world
  • Advanced cybersecurity and account protection
  • Strategies to defend against sophisticated attacks
  • Secure tools to manage your money from any device

Asset Management

Custom credit strategies for long- and short-term liquidity, new acquisitions, and investment opportunities.

Real Estate Lending

Get lending strategies to buy a new home, finance an investment property, or expand your residential real estate holdings.

J.P. Morgan Wealth Management Automated Investing

J.P. Morgan’s Automated Investing allows users to get matched with a portfolio that meets their investing goals. J.P. Morgan Managed Portfolios work to manage risk and maximize returns based on an individual’s needs.

J.P. Morgan’s portfolio profiles include conservative, moderate, growth, and aggressive.

Automatic Rebalancing – Portfolio responds to a change in market conditions automatically and adjusts and rebalances as necessary.

Wealth Planning Insights:

J.P. Morgan Wealth Management claims they provide the best thinking of a financial institution to help guide client decision making. An example of a Wealth Planning Insight:

Discover how much of one stock you might hold – and still stay on track to reach your long-term goals

Today’s market volatility has some investors wondering if they are too concentrated in some positions. It can be unnerving to watch stock values act like a rollercoaster—especially when, since the start of 2021, a staggering one in 10 companies in the Russell 3000 Index has suffered a 70% drawdown from which it’s yet to recover.

A look at your concentrated holdings may be advisable. Our research consistently finds that concentrated positions historically have been both the great creator and destroyer of fortunes. A Morgan core advisory portfolio could assist you in smart diversification re-balancing of your investment portfolios.

However, in our view applying simple solutions to any concentrations you have might not always be the best approach.  A widely accepted rule of thumb claims that a properly diversified portfolio must have no more than 20 percent of total investment assets in a particular stock.

But reality is usually more complicated. Standardized percentage-based rules never made sense for many investors, especially the top executives and owners of public and private businesses who cannot help but have significant holdings in their companies.

We find it helpful to take a nuanced approach to help clients find their “numbers.” Your acceptable level of concentration will depend on your circumstances, objectives and tolerance for risk. A complete conversation is recommended.

Step 1: Identify why you hold a concentrated stock position

There are multiple paths that lead people into a concentrated position. Perhaps you are employed by the company whose stock you hold and there are limits to diversifying.

Step 2: Assess your circumstances

Perform a thorough look at your full financial picture so that you can be clear about how important diversification might be for your long-term fiscal health.  

It’s reassuring to see proof that you are in the “protected” category, and to identify precisely how much downside you might absorb before your lifestyle is affected. This knowledge can also help give you the confidence that if your stock values hold steady or improve, you might be able to dream bigger and start implementing a variety of planning techniques to achieve these new goals.    

Rather than looking at how much of your portfolio is in the concentrated position, we suggest evaluating how much of your future might be at risk due to your concentration. This exercise is often helpful because it lets you see your target number and assess all potential fixes, given your earning capacity, potential stock performances, spending and goals. 

Step 3: Free yourself to find your best path   

If all this sounds like going for the medical exam you know you need but would rather not schedule, here are a few scientifically backed thought exercises that could liberate you:

  • Imagine it’s not yours—Pretend these investments belong to your friend James, and he asks you to give him financial advice. “Is this a good use of my capital? Does this look like a smart idea? Am I too concentrated?” What would you tell him?
  • Start from now—Imagine you don’t own your concentrated holding, but are instead presented with the opportunity, right now, to buy the entire position at a price exactly equal to however much you have invested. Would it be a good investment for your goals?
  • Regain control—In holding on to a concentrated position, we’re actually not exercising control, but rather relinquishing it. We’re sitting back, waiting for circumstances to dictate our options. Real control comes from creating a strategic plan for your wealth. 
  • Remember your goals—Why are you investing your money? What is the intention of your wealth? It’s rare that we want a specific number of shares in a specific company or industry. Few set out to have X percent of ABC Company. Instead, we want what that investment, that wealth, might provide. So ask yourself: Does this consolidated positions help you pursue these desires? Or is there a better way?

Common questions asked about J.P. Morgan Wealth Management

Is J.P. Morgan Wealth Management a fiduciary?

JPMorgan Chase operates one of the most complex fiduciary businesses in the world, with total fiduciary assets (meaning those invested on behalf of clients) of $1.3 trillion.

Is J.P. Morgan Wealth Management a good place to invest?

J.P. Morgan Online Investing is best for beginner investors, active traders, and existing Chase customers who want to avoid commissions when trading. The company is also great for passive investors looking for robo-advice and professionally managed accounts.

Is Wealth Management the same as Private Banking?

Private banking provides investment-related advice and aims to address the entire financial circumstances of each client. Wealth management generally involves advice and execution of investments on behalf of affluent clients.

How much does a financial advisor cost at J.P. Morgan Wealth Management?

An annual advisory fee of 0.35% (subject to applicable discounts, promotions, adjustments, or waivers) will be charged on quarterly basis, based on the assets held in the account. The advisory fee does not include underlying fees and expenses charged by the ETFs in your account.

Does J.P. Morgan do financial planning?

Whether you choose to work with an advisor and develop a financial strategy or invest online, J.P. Morgan offers insights, expertise and tools to help you reach your goals.

Why is J.P. Morgan is the best?

JPMorgan’s entire capital markets franchise came together to deliver a mission-critical financing for a troubled client in the most turbulent market conditions since the financial crisis.

Why should I invest in JPMorgan Chase?

Many consider JPMorgan Chase a good value because it is undervalued relative to its earnings power and position as a market leader. It has a forward price-to-earnings ratio of about 13.8, which is around the average P/E for financial institutions.

Does J P Morgan offer a Roth IRA?

You can easily open a Roth IRA online or with a J.P. Morgan advisor. Once you fill out an application and are approved, you’re ready to start making contributions and investing in mutual funds, bonds, stocks and exchange-traded funds (ETFs).

Is it worth paying a financial advisory 1%?

A financial advisor can give valuable insight into what you should be doing with your money to reach your financial goals. But they don’t offer their advice for free. The typical advisor charges clients 1% of the assets that they manage. However, rates typically decrease the more money you invest with them.

Should I pay for wealth management?

Wondering whether a wealth manager is worth it? If you fit into a higher-net-worth category, typically above $250,000, $500,000 or $1 million, you might consider using a wealth manager, depending upon your facility with financial management and the complexity of your financial situation.

What percentage should I pay for Wealth Management? Online advisors have shown that a reasonable fee for money management only is about 0.25% to 0.30% of assets, so if you don’t want advice on anything else.

J.P. Morgan Wealth Management FAQs

Do I need a minimum deposit to start investing with J.P. Morgan Wealth Management?

You can open a J.P. Morgan Self-Directed Investing account and start trading with as little as $1. To open a J.P. Morgan Automated Investing account, you need to deposit at least $500 to create a diversified portfolio that fits your goals.

Once I open my automated investment portfolio what is the minimum balance I need to keep in it?

After your initial deposit of $500 to start the account, your minimum account balance needs to exceed $250.

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