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Broker Comparison

J.P. Morgan Wealth Management vs M1

Compare J.P. Morgan Wealth Management and M1 side by side: fees, regulation, platforms.

J.P. Morgan Wealth Management

J.P. Morgan Wealth Management

Chase clients who want investing and banking in one place

J.P. Morgan Wealth Management combines self-directed online investing with advisor services, $0 online stock โ€ฆ

VS
M1

M1

Long-term investors using automated portfolios

M1 combines automated Pies for stocks, ETFs, funds and crypto with scheduled trade windows, cash accounts andโ€ฆ

Head-to-head comparison

J.P. Morgan Wealth Management vs M1
Feature J.P. Morgan Wealth Management M1
Minimum deposit No minimum investment to open a J.P. Morgan Self-Directed Investing account; start trading with as little as $1 โ€”
Stock trading fee U.S.-listed stocks: $0.00/trade online; $25.00/trade call-in Regulatory expenses occur when users sell a stock or ETF
Regulators FINRA SEC, FINRA
Best for Chase clients who want investing and banking in one place Long-term investors using automated portfolios
Markets & account
Stocks
ETFs
Crypto
โ€”
Bonds
โ€”
Options
โ€”
Funds
Fractional Shares
โ€”
Money Market Funds
โ€”
Margin
Investment Plans
โ€”

Pros & cons

J.P. Morgan Wealth Management

J.P. Morgan Wealth Management

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 Mobileยฎ 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
M1

M1

Pros

  • No commission, trading or management fees on self-directed brokerage accounts
  • Pies invest new deposits toward target allocations automatically
  • Dynamic rebalancing buys underweight Slices first
  • One-click rebalancing returns a Pie to preset targets
  • Cash accounts show 3.10% APY and FDIC insurance up to $4.75 million
  • Margin loans shown at 5.65% with no minimum payment or late fees
  • Crypto Pies use Bakkt custody and can trade 7 days a week

Cons

  • $3 platform fee applies below $10,000 in M1 assets unless waived
  • Trades execute during scheduled trade windows, not in real time
  • Crypto holdings are not FDIC or SIPC insured
  • Crypto on-demand trading is limited to 10 trades per calendar month
  • Margin loans require at least $2,000 invested in eligible accounts
  • Crypto can't be included in an IRA
  • Outgoing account transfers cost $100
J.P. Morgan Wealth Management

J.P. Morgan Wealth Management

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.

Your capital is at risk. Other fees apply.

M1

M1

M1 combines automated Pies for stocks, ETFs, funds and crypto with scheduled trade windows, cash accounts and margin loans.

Your capital is at risk. Other fees apply.

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