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J.P. Morgan Personal Advisors
Terms and Conditions Rates and fees
Go to site
Stock trade fee
$0
Minimum deposit
$25,000
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Our verdict

Access remote advice, planning and portfolio management — but the minimum balance requirement may be out of reach for some.

Consider a JP Morgan Personal Advisors (JPMPA) account if you want human advisory and management services and unlimited, ongoing remote advice. If you’re an existing Chase customer, you may also enjoy the convenience of managing all your banking and investing through a single platform. However, the minimum investment requirement of $25,000 may be too steep for new investors. Plus, while some competitors provide various investment strategies, like bonds, options or crypto, the JPMPA account only offers mutual funds and exchange-traded funds (ETFs).

Best for: Existing Chase customers who prefer a professionally managed portfolio.

Pros

  • Unlimited video and phone check-ins with a fiduciary advisor
  • Professionally managed portfolio
  • Personalized financial advice
  • Automated tax-loss harvesting

Cons

  • Portfolios only include mutual funds and ETFs
  • Can only make changes through an advisor
  • Requires a $25,000 minimum investment
  • Charges a 0.6% annual fee

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JP Morgan Personal Advisor at a glance

FeatureRatingDetails
Fee structure and additional costs

★★★★★

Account management fee:
  • 0.6% on account balances of $25,000 to $249,999
  • 0.5% on account balances of $250,000+

Expense ratios: 0.08%

Flat fees, subscription fees and setup fees: $0

Account minimum

★★★★★

$25,000
Advisor access and credentials

★★★★★

  • Video, phone and email but no in-person meetings
  • Dedicated advisor for accounts over $250,000
  • Team of advisors for accounts under $250,000
  • Wealth Management Certified Professionals but not Certified Financial Planners
Services offered

★★★★★

  • Comprehensive financial planning advice
  • Investment management
  • Retirement planning
  • Tax harvesting

Accounts must be held at Chase

Portfolio construction

★★★★★

Offers over 20 prebuilt portfolios but with limited customization
Customer support

★★★★★

Discuss your JPMPA account with an advisor by phone or video during regular business hours. Schedule meetings through the Chase app.

To learn how our star ratings are calculated, read our methodology.

Who is JP Morgan Personal Advisors best for?

If you have at least $25,000 to invest, want advice from a licensed investment advisor and prefer a professionally managed portfolio, a JPMPA account could be the right move for you. You can also benefit from the option to call or video chat with an advisor as often as you like for no extra charge.

How JP Morgan Personal Advisors works

To open a JP Morgan Personal Advisors account, you must first set up a consultation with one of its investment advisors. You can call or fill out the online form, and an advisor will contact you.

The advisor will ask about your financial needs and goals, risk tolerance, time horizon and overall financial picture. Based on this information, they will develop a financial plan and investment strategy to help you achieve your objectives, such as investing for retirement or your children’s education.

Once you settle on a plan, you’ll fund the account with a minimum of $25,000. These funds can come from cash, existing investments or retirement funds. After that, you’ll be invited to annually review your plan and objectives to ensure the financial plan still meets your needs. However, you are welcome to call at any time to discuss or make changes to your portfolio.

What we like about JP Morgan Personal Advisors

The JP Morgan Personal Advisors service is integrated with Chase, so you can access it through both Chase.com and the Chase mobile app. Existing Chase customers can manage all their banking, investing and borrowing conveniently through one modern, straightforward platform.

We also appreciate that JP Morgan offers multiple ESG (environmental, social and governance) portfolio options for clients who prefer more socially responsible investing. The automated tax-loss harvesting is another nice feature that has the potential to reduce your taxable income.

Where JP Morgan Personal Advisors falls short

While the $25,000 minimum is relatively low compared to some competitors, it potentially excludes a large pool of newer investors. Other financial advisors, such as Domain Money and Facet Financial Planning, have no minimum investment requirement.

The account also lacks some convenience, as you can only contact an advisor through phone or email during regular business hours. By comparison, Ally Invest offers live chat and 24/7 service.

Beyond that, the investment strategy of a JP Morgan Personal Advisors account includes only mutual funds and ETFs, which could feel limiting to some investors.

JP Morgan Personal Advisors fees

Type of feeFee details
Minimum deposit$25,000
Minimum investment$10,000
Annual fee
  • 0.6% from $25,000 to $249,999
  • 0.5% from $250,000 and up
Stock trading feeN/A
Options trading feeN/A
Margin annual interest rateN/A
Outgoing account transfer fee$0
Inactivity fee$0

Is JP Morgan Personal Advisors legit?

Yes, JP Morgan Personal Advisors is a legitimate wealth advisory service provided by JPMorgan Chase. JPMorgan Chase is a 225-year-old financial services company headquartered in New York City, with over $3.9 trillion in total assets and more than $900 billion of assets under supervision.

Investment products are offered through JPMorgan Securities LLC, a registered broker-dealer and investment advisor and member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).

In addition, the JP Morgan Personal Advisors’ platform employs multiple authentication checks, account monitoring for suspicious activity and 128-bit encryption technology to protect your account and personal information.

Customer experience

BBB accreditedNo
BBB ratingA-
BBB customer reviews1.13 out of 5 stars, based on 868 customer reviews
Trustpilot score1.4 out of 5 stars, based on 37 customer reviews
Apple App Store Score4.8 out of 5 stars, based on 6,800 customer reviews
Google Play Score4 out of 5 stars, based on 30 customer reviews
Customer reviews verified as of02 January 2025

What do people on Reddit say?

On Reddit, we couldn’t find anything specific about JPMPA accounts, but there is some discussion about using JP Morgan advisors. The general consensus seems to be: Why pay for a company to manage your investments when you can learn to do it yourself?

Still, a few commenters point out that a high income and/or high net worth can be difficult to navigate on your own. Choosing to work with an advisor may depend on your financial situation and how much time you have to spend managing the accounts yourself.

Compare JP Morgan Personal Advisors to other platforms

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What is the Finder Score?

The Finder Score crunches 147 key metrics we collected directly from 18+ brokers and assessed each provider’s performance based on nine different categories, weighing each metric based on the expertise and insights of Finder’s investment experts. We then scored and ranked each provider to determine the best brokerage accounts.

We update our best picks as products change, disappear or emerge in the market. We also regularly review and revise our selections to ensure our best provider lists reflect the most competitive available.

Read the full Finder Score breakdown

Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.

Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.

Frequently asked questions

What is the difference between JP Morgan’s Personal Advisors Account and JP Morgan’s Private Client Advisor?

JP Morgan Personal Advisors gives you access to a team of advisors, and it matches you with portfolios designed to help you meet your financial goals. By contrast, JP Morgan Private Client Advisor allows you to work with an advisor in your local community to build a custom investment strategy, but it has a higher minimum account balance.

What is the difference between JP Morgan’s Self-Directed Investing account and its Personal Advisors account?

The main difference between the accounts is how much control you want over your investments and the associated fees. The JP Morgan Self-Directed Investing account lets you manage your own investments with minimal or no professional guidance and comes with nearly no fees.

On the other hand, the Personal Advisors account offers professional management and customizable portfolios, but it carries an annual fee ranging from 0.5% to 0.6%, depending on the account size.

INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE

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