Bottom Line: Chase You Invest is best for beginner investors, active traders, and existing Chase customers who want to avoid commissions when trading. The company is also great for passive investors looking for robo-advice and professionally managed accounts.
It also made our list of the best mobile banking apps. Chase You Invest Portfolios, on the other hand, is essentially a robo-advisor service. The tool builds an automated investment portfolio with ETFs based on your answers to a questionnaire about your risk tolerance and investing goals.
JPMorgan Chase customers with a minimum of $500 in their checking account can now enroll in You Invest Portfolios, an automated advice platform, or so-called robo advisor, that gives customers access to managed investment portfolios, the bank announced this week.
You Invest Portfolios is designed and managed by the JPMorgan robo-advisor. Using your age, financial goals, timeline for investments, and risk tolerance, the Chase robo-advisor calculates an investment strategy for your portfolio. JPMorgan then manages this portfolio for a small fee.
Robo-advisor performance
| Robo-advisor | 2.5-year annualized return |
|---|---|
| SoFi | 4.03% |
| TD Ameritrade | 3.62% |
| TIAA | 4.20% |
| Vanguard | 3.42% |
Is You Invest Safe? You Invest is insured by the SIPC. They protect against the loss of cash and securities held by a customer at a financially troubled SIPC-member brokerage firm. The coverage is limited to $500,000.
You Invest Trade is free, but even with You Invest Portfolios, you'll only pay a 0.35% annual advisory fee.
A trading experience that puts you in control
With unlimited commission-free online trades, you can take control of your own investments. Choose from a wide range of stocks, ETFs, fixed income, mutual funds, and options. ... Access our secure, easy-to-use trading experience online or through the Chase Mobile® app.
An initial minimum deposit of $500 and a minimum balance of $250 is required to maintain a J.P. Morgan Automated Investing account. The initial minimum deposit amount must be made within 60 days.
Robo-advisors can be a great solution for many investors. They bring investing management at a reasonable cost, letting you focus on doing more of the things you love instead. A robo-advisor sets up an investing plan and manages it, and all you need to do is add money to the account.
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Reach your financial goals with a J.P. Morgan Advisor
Get a free investment check-up and see where you are on your path toward your goals. Call 1-800-969-3161 to speak with a J.P. Morgan member from Mon-Fri 9 AM - 6 PM ET.
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