J.P. Morgan Wealth Management Review 2023

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’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?