Chase Private Client Advisor Review and Fees (2024) (2024)

Chase Private Client review, managed brokerage account minimum, financial advisor investment fees schedule.

J.P. Morgan Private Client Advisor Review

J.P. Morgan not only offers online discount investment services but also provides a comprehensive, full-service investment program through its Private Client Advisor program. While this option is pricier than the online services, it offers extensive benefits.

Chase Private Client Investment Services

J.P. Morgan Private Client Advisor provides investment accounts that you can manage on your own or have a financial advisor manage for you. You can choose from discretionary accounts (where the advisor makes all decisions) or non-discretionary accounts (where you make the final decisions based on advice).

Regardless of the type, each account is managed by a dedicated human advisor. You'll need to visit a local branch, typically at a Chase Bank, to open a Private Client Advisor account. This traditional approach ensures personalized service and access to a broad range of investment options, though it comes at a higher cost.

Finding a Chase Private Client Advisor

Locating a Chase Private Client Advisor is straightforward since they are often based at Chase Bank branches. You can start by calling their investment consultation hotline at 1-800-969-1734 to arrange a meeting. Alternatively, you can schedule an appointment online. If you're already a Chase customer, you can use your login details to streamline the process.

Although you need to visit in person to set up an account, you can meet with your advisor afterward by phone, online, or in person as needed.

Chase Private Client Benefits

As part of the Chase family, the Private Client service integrates seamlessly with J.P. Morgan Private Client Advisor services. There's a $35 monthly fee for the banking service, waived for those with $150,000 across bank and investment accounts. Many Private Client Advisor customers qualify, effectively getting the banking service for free.

Benefits of the Chase Private Client program include personalized banking services, reduced mortgage rates, no global ATM fees, and waived wire transfer fees. New clients who bring $500,000 to Chase can get a $3,000 welcome bonus.

Chase Private Client and J.P. Morgan Private Client Advisor accounts can be managed with a single login, simplifying account management.

Find a Financial Advisor

If you are looking for a professional money management service in your area, you can find a Financial Advisor on the Wiser Advisor(or read Wiser Advisor review). Visit Wiser Advisor

Available Financial Products and Accounts

J.P. Morgan Private Client Advisor offers a diverse array of investment options, including:

• Stocks
• Bonds
• Options
• Structured Investments
• Mutual Funds (including money market funds)
• Exchange-Traded Funds and Notes
• Annuities (fixed and variable)
• Life Insurance
• Hedge Funds
• Private Equity Funds
• Real Estate Funds
• Separately Managed Accounts
• Limited partnerships

Not all investment types are available in every account, and you have various tax-advantaged structures to choose from, such as 529 plans and IRAs.

Available Services

Working with a Private Client Advisor goes beyond investment management. Your advisor can help with a variety of financial planning needs, including:

• Estate planning
• Charitable giving
• Executive compensation
• Multigenerational wealth transfer
• Retirement planning
• Goal setting
• Education planning
• Liquidity events
• Wealth planning
• Customized financial plan
• And more

Margin

Both self-directed and managed accounts can borrow funds to purchase more securities (margin). The terms for using margin are negotiable. If you have a discretionary account, make sure to discuss this feature with your advisor.

Chase Private Client Fees for Managed Accounts

The annual advisory fee for managed accounts at J.P. Morgan Private Client Advisor is typically 1.45%, with a special rate of 0.7% for fixed-income strategies.

Requirements

Minimum investment amounts vary by strategy: $250,000 for bond programs, $50,000 for mutual funds, and $10,000 for general investing, with at least $50,000 needed to join the Chase Private Client Advisor program.

Chase Private Client Fees for Brokerage Accounts

Brokerage accounts incur a $50 annual fee ($30 for IRAs), but it’s waivable under certain conditions:

- At least $50,000 in a Chase account ($25k for IRAs)
- Chase Bank Private Client status
- $25,000+ in combined JPMorgan balances
- At least one trade per year

Phoned-in stock and ETF trades cost 1% of the trade value (minimum $25). Online equity trades are free. Other fees apply for alternative investments, options, and bonds. Mutual fund transactions are free, though some may have associated loads. Check their prospectuses.

Digital Tools

Once your account is set up, you can manage it via Chase.com or the mobile app. The app features a Wealth Plan tool under the ‘Plan & track’ tab, which allows virtual meetings with your advisor. Both platforms offer comprehensive trading tools and research capabilities, although charting on the app does not support horizontal viewing.

Research and Educational Materials

The website offers security screeners under the Investments tab, with separate tools for stocks, ETFs, and mutual funds. These are user-friendly and offer numerous filtering options.

J.P. Morgan Asset Management provides extensive educational materials on its website, including market recaps and insights on financial topics, some of which require a login.

Find a Financial Advisor

If you are looking for a professional money management service in your area, you can find a Financial Advisor on the Wiser Advisor(or read Wiser Advisor review). Visit Wiser Advisor

Chase Private Client Review Summary

The J.P. Morgan Private Client Advisor service offers a robust investment solution for those with significant assets. It's particularly beneficial for Chase customers, who can enjoy a comprehensive financial service at their local branch. However, those who do not need extensive financial planning or investment advice might find better value with a simpler, low-cost service like Charles Schwab, which also provides excellent online and mobile platforms.

Free Charles Schwab Account

Visit Schwab Website

Updated on 6/26/2024.