J.P. Morgan Wealth Management Review

Chase clients who want investing and banking in one place

FINRA

Why investors choose this broker

Unlimited $0 online trades on U.S.-listed stocks and ETFs
Self-directed investing can start with as little as $1
Fractional shares of S&P 500 and NASDAQ 100 assets from $5
Options trade online for $0 plus $0.65 per contract

Review summary

J.P. Morgan Wealth Management combines self-directed online investing with advisor services, $0 online stock and ETF trades, fractional shares and Chase app access.

Pros

Unlimited $0 online trades on U.S.-listed stocks and ETFs
Self-directed investing can start with as little as $1
Fractional shares of S&P 500 and NASDAQ 100 assets from $5
Options trade online for $0 plus $0.65 per contract
Chase Mobile® app combines banking and investing access
Cash transfers into accounts have no J.P. Morgan fee
Margin rates are published by balance tier

Cons

Call-in stock and ETF trades cost $25.00 per trade
Options still carry a $0.65 per-contract fee
Full outgoing brokerage account transfers cost $75
Wire transfers cost $25 per wire
Physical stock certificate safekeeping costs $10 monthly per position
Low-priced, block and algorithmic trades are not available
Self-directed margin accounts cannot sell cash-secured puts

Company background

J.P. Morgan Wealth Management is the investing arm presented on Chase for people who want to invest on their own or work with an advisor. Its self-directed service focuses on online investing, while advisor services add personalized guidance through a J.P. Morgan advisor. The product range includes stocks, ETFs, options, mutual funds, money market funds, fixed income, brokered CDs, IRAs, brokerage accounts and margin trading. Cryptocurrency exposure is offered through cryptocurrency ETFs rather than direct coin trading.

Fees and pricing

Self-Directed Investing has $0.00 online trades for U.S.-listed stocks and ETFs. Online options trades are also $0.00 per trade, with a $0.65 per-contract fee. Mutual fund transactions are $0.00 online and $20.00 by call-in trade. Call-in stock and ETF trades cost $25.00 per trade. Fixed income pricing is more detailed: secondary U.S. Treasury bills, notes and bonds are $0.00, while secondary market corporate bonds, municipal bonds, government agency bonds and brokered CDs have bond-based charges. A self-directed account can be opened with no minimum investment and trading can start with as little as $1.

Regulation and safety

Investment products and services are offered through J.P. Morgan Securities LLC, a registered broker-dealer and investment adviser. J.P. Morgan Securities LLC is a member of FINRA and SIPC. Investment products are not FDIC insured, are not deposits or obligations of JPMorgan Chase Bank, N.A. or its affiliates, and can lose value.

Platform experience

Clients can research, trade, fund and manage investments at chase.com and in the Chase Mobile® app. The online experience includes redesigned quote pages, advanced charting, portfolio views, watchlists, stock and ETF alerts, screeners, fixed income tools and an enhanced options trade ticket with Greeks. The platform also supports fractional shares of S&P 500 and NASDAQ 100 stocks and ETFs starting with $5.

Pros and cons

The main strength is convenience for Chase clients who want banking and investing in one place, supported by $0 online stock and ETF trades, fractional shares and advisor access. The main limitations are specific transaction and service costs, including call-in trade fees, a $0.65 options contract fee, $75 full outgoing account transfer fees and $25 wire transfers. Some order types, including low-priced securities, block trades and algorithmic trades, are not available to Self-Directed Investing accounts.

Ready to open an account at J.P. Morgan Wealth Management?

Open an account directly with the broker. Confirm current fees and account eligibility on the broker's website before depositing.

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Your capital is at risk. Other fees apply.

Trading fees & commissions

Self-Directed Investing offers $0.00 online trades for U.S.-listed stocks, ETFs, options and mutual funds, with options subject to a $0.65 per-contract fee. Call-in stock and ETF trades cost $25.00 per trade, and call-in mutual fund transactions cost $20.00. Transfers, wires, incidental services and margin borrowing may add extra costs.

Fees

Item	Fee
Bonds	U.S. Treasury bills, notes and bonds secondary trades: $0.00 online and call-in; secondary market corporate bonds, municipal bonds, government agency bonds and brokered CDs: $10.00/trade + $1.00/bond over 10 bonds ($250 Maximum) online; $30.00/trade + $1.00/bond over 10 bonds ($270 Maximum) call-in
Funds	Mutual funds: $0.00/transaction online; $20.00/transaction call-in
Margin	$0 to $25,000: PRIME + 4.75%; $25,001 to $50,000: PRIME + 4.50%; $50,001 to $100,000: PRIME + 4.00%; $100,001 to $500,000: PRIME + 3.75%; $500,001 to $1,000,000: PRIME + 3.00%; $1,000,001 to $3,000,000: PRIME + 2.50%; $3,000,001 to $10,000,000: SOFR + 2.35%; $10,000,001 and above: SOFR + 1.85%
Account	$50 annual fee for average brokerage account; waived for Chase Private Client, $25,000+ in combined investment balances, or $50 in commissions during the calendar year
Custody	$10 - per position, per month; applies only to physical stock certificates held on your behalf by J.P.Morgan
Deposit	No fee to transfer cash into an account
Options	$0.00/trade online + $0.65/contract; $25.00/trade call-in + $0.65/contract
Min Deposit	No minimum investment to open a J.P. Morgan Self-Directed Investing account; start trading with as little as $1
Stop Payments	$30 per item
Wire Transfer	$25 per wire - this fee does not apply to internal wire transfer
Overnight Express Mail	$10 per item
Brokerage Account Transfer And Termination	$75 - applies when all assets are transferred out of the account
Retirement Account Transfer And Termination	$75 - applies when all assets are distributed or transferred out of the account

Trading platform & features

Platforms

Web app
Chase Mobile® app

Regulation and investor protection

J.P. Morgan Wealth Management offers investment products and services through J.P. Morgan Securities LLC, a registered broker-dealer and investment adviser. J.P. Morgan Securities LLC is a member of FINRA and SIPC.

Broker FAQs

Is J.P. Morgan Wealth Management safe?

Is J.P. Morgan Wealth Management a scam?

No. Investment products and services are offered through J.P. Morgan Securities LLC, which is described as a registered broker-dealer and investment adviser and a member of FINRA and SIPC.

Is J.P. Morgan Wealth Management regulated and by whom?

J.P. Morgan Securities LLC is described as a registered broker-dealer and investment adviser. It is a member of FINRA and SIPC.

What products does J.P. Morgan Wealth Management offer?

J.P. Morgan Wealth Management lists stocks, ETFs, options, mutual funds, money market funds, fixed income, brokered CDs, cryptocurrency ETFs, IRAs, brokerage accounts, UTMA accounts and margin trading.

Does J.P. Morgan Wealth Management offer ETFs?

Yes. J.P. Morgan Wealth Management offers ETFs, index ETFs and cryptocurrency ETFs.

Does J.P. Morgan Wealth Management offer cryptocurrency ETFs?

Yes. J.P. Morgan Wealth Management offers cryptocurrency ETFs, which track the performance of at least one cryptocurrency or invest in related technologies.

Does J.P. Morgan Wealth Management offer options?

Yes. Self-Directed Investing supports options, and the options ticket includes Greeks. Eligible IRA accounts can trade Level 1 and Level 2 option strategies, including long calls and long puts.

Can I buy fractional shares on J.P. Morgan Wealth Management?

Yes. Self-Directed Investing supports fractional shares of S&P 500 and NASDAQ 100 stocks and ETFs in any amount starting with $5.

What is the minimum deposit at J.P. Morgan Wealth Management?

A J.P. Morgan Self-Directed Investing account can be opened with no minimum investment, and trading can start with as little as $1. Advised clients generally have $25,000 or more in investable assets.

What does J.P. Morgan Wealth Management charge for stock trades?

U.S.-listed stock and ETF trades cost $0.00 per trade online. Call-in stock and ETF trades cost $25.00 per trade.

What does J.P. Morgan Wealth Management charge for options trades?

Online options trades cost $0.00 per trade plus $0.65 per contract. Call-in options trades cost $25.00 per trade plus $0.65 per contract.

Does J.P. Morgan Wealth Management charge for mutual fund trades?

Self-Directed Investing lists mutual fund transactions at $0.00 online and $20.00 for call-in transactions.

Is there a transfer fee at J.P. Morgan Wealth Management?

A brokerage account transfer and termination fee of $75 applies when all assets are transferred out of the account. A retirement account transfer and termination fee of $75 applies when all assets are distributed or transferred out of the account.

Does J.P. Morgan Wealth Management charge a wire transfer fee?

Yes. The listed wire transfer fee is $25 per wire, and it does not apply to internal wire transfers.

Does J.P. Morgan Wealth Management have a mobile app?

Yes. Investments can be managed in the Chase Mobile® app, and clients can also use chase.com.

How long does it take to open an account at J.P. Morgan Wealth Management?

Self-Directed Investing account applications are reviewed within one business day. For advised accounts, the process can take one to three meetings.

How long do external cash transfers take at J.P. Morgan Wealth Management?

External transfers are typically available within 1 to 3 business days.

Is J.P. Morgan Wealth Management good for long-term investing?

J.P. Morgan Wealth Management offers brokerage accounts, IRAs, mutual funds, ETFs, money market funds and advisor services. These products and services can support investors building a portfolio over time.

Bottom line

J.P. Morgan Wealth Management suits Chase clients who want self-directed investing, advisor access and banking integration in one place. It may be less suitable for investors who need unsupported order types or want to avoid call-in, wire and outgoing transfer fees.

J.P. Morgan Wealth Management

Chase clients who want investing and banking in one place

Open Account

Your capital is at risk. Other fees apply.