Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

You Invest Portfolios review

Last updated:  

A robo-advising platform built by the largest bank in the US.

You Invest Portfolios is a robo-advising platform created by JPMorgan Chase. It’s ideal for hands-off investors looking for a robo-advisor to design, balance and manage their portfolios. But you need at least $500 to start and there’s a steep management fee.

0.35%

Annual fee

$500

Minimum deposit to open

Details

Minimum deposit to open$500
Available asset typesETFs
Option trade feeN/A

Expert review

Cassidy Horton

Review by


Cassidy Horton is a writer for Finder, specializing in banking and investments. She has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. Cassidy enjoys educating people about financial services, exploring the Pacific Northwest and watching endless reruns of The Office.

Expert review

You Invest Portfolios takes the guesswork out of investing. Simply answer a few questions about your risk tolerance and goals, then let this robo-advisor manage everything for you. Plus, get the added security of knowing you’re investing with the largest bank in the US.

But watch out for a $500 opening deposit and a 0.35% management fee. Although it’s cheaper than getting advice from a human, there are other robo-advising platforms that will manage your account for free.

How does You Invest Portfolios work?

As with most robo-advising platforms, You Invest Portfolios is ideal for hands-off investors.

When you start the account application process, you’ll answer a series of questions about your risk tolerance, time horizon and financial goals. You Invest Portfolios will then recommend a broadly diversified portfolio of JPMorgan ETFs that align with your risk profile and investment preferences.

Once you fund your account, You Invest Portfolios will monitor your portfolio and automatically make adjustments if your portfolio gets unbalanced or external factors come about that could impact your investments.

You Invest Portfolios fees

You Invest Portfolios charges a 0.35% management fee on your account balance each year. Other fees you may include expenses charged by the ETFs in your account.

What are the benefits of You Invest Portfolios?

You Invest Portfolios is available online and the mobile app and includes several perks:

  • Risk-based questions. As with most robo-advisors, You Invest asks you a series of risk-based questions to determine which portfolio is right for you.
  • Automatic rebalancing. With You Invest, Chase tracks your portfolio daily and rebalances when needed.
  • Professionally designed. Each You Invest Portfolios was designed by JPMorgan’s team of financial experts.
  • Several account options. Save for your future using a joint or individual investment account. Or, save for retirement using a traditional or Roth IRA.

What to watch out for

If you plan on opening a You Invest Portfolios account, watch out for these potential drawbacks:

  • 0.35% management fee. This is less than you’d pay for a human adviser, but other robo-advisors offer fees as low as 0%.
  • $500 investment minimum. This minimum opening deposit is higher than other robo-advising platforms, which charge as little as $0 to get started.
  • Limited securities. This robo-advisor uses JPMorgan ETFs only, so you won’t find any other securities in your portfolio.
  • $250 daily minimum balance. Chase won’t manage your account if your balance is lower than $250.

If you want a robo-advisor with lower fees or minimum opening deposit requirements, you’ll want to keep looking. As always, compare your options when considering a robo-advisor.

Compare with other stock trading platforms

Name Product Available asset types Stock trade fee Option trade fee Annual fee
You Invest
Stocks
Bonds
Mutual funds
ETFs
$0
$0 + $0.65/contract
0%
Free online stock, ETF and options trades with $0 minimum to start.
INVESTMENT PRODUCTS: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
Betterment
Stocks
Mutual funds
ETFs
Real estate
$0
N/A
0.25% on balances up to $99,999

0.4% on balances of $100,000+
Betterment's automatic investment site aims to improve your returns and support good financial habits with passive investing and financial planning support.
Ally Invest Self-Directed Trading
Stocks
Bonds
Options
Mutual funds
ETFs
Forex
$0
$0 + $0.50/contract
0%
500+ commission-free ETFs, some of the industry's lowest fees plus a cash bonus up to $3,500.
Robinhood
Stocks
Options
ETFs
Cryptocurrency
$0
$0
0%
Make unlimited commission-free trades in stocks, funds, and options with Robinhood Financial.
Sofi Invest
Sofi Invest
Stocks
ETFs
Cryptocurrency
$0
N/A
0%
A free way to invest in stocks, ETFs and crypto.
Zacks Trade
Stocks
Bonds
Options
Mutual funds
ETFs
Forex
Cash
$0.01 per share
($3 minimum)
$3 + $0.75/contract
0%
Trade stocks, options and ETFs for as low as $1 per order for a year when you open a new account by December 31, 2019, and fund it with $2,500 or more within 60 days.
loading

Compare up to 4 providers

You Invest Portfolios reviews and complaints

You Invest Portfolios is a fairly new robo-advising platform, so there aren’t many reviews. With that said, JPMorgan Chase is the largest bank in the US, so it prides itself on security.

If you look at the company as a whole, JPMorgan Chase has quite a few customer complaints. It isn’t accredited by the Better Business Bureau and has a 1 out of 5 stars based on 216 customer reviews.

How do I get started?

Follow these six steps to get started with You Invest Portfolios:

  1. Go to the official Chase website, navigate to the You Invest Portfolios webpage and click Open an account.
  2. Enter basic information about your age, minimum amount, risk tolerance and investing timeline and click Determine your risk profile.
  3. Answer multiple-choice questions about your investing goals and click Next.
  4. Review your risk profile and click Open an account.
  5. Enter your personal information including your name, citizenship, date of birth, Social Security number and click Next.
  6. Follow the prompts to verify your identity, submit your application and fund your account.

Eligibility

If you meet these requirements, you’re eligible for a You Invest Portfolios account:

  • At least 18 years old
  • US citizen or resident
  • Social Security number
  • US residential address
  • Government-issued ID
  • $500 minimum deposit

Required information

Have the following information ready when you open an account:

  • Full name
  • Date of birth
  • US home address
  • Social Security number
  • Government-issued ID number
  • Employer name and address
  • Investment goals

You Invest Portfolios customer service

There are a few ways to get in touch with JPMorgan’s customer support team:

  • Call 800-343-3548 at any time
  • Start a live chat on JP Morgan’s website using the Virtual Assistant feature
  • Send a secure email from your account portal

Frequently asked questions

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site