|
JP Morgan Automated Investing (2025)
JP Morgan automatic (periodic) investing review, AIP/SIP contributions, (dollar cost averaging) program
setup and review. Chase monthly/quarterly recurring investing in ETFs, stocks, and mutual funds.
|
Chase Dollar Cost Averaging
Access to the financial markets is straightforward and convenient with a brokerage account from Chase. J.P. Morgan Wealth Management offers stocks, ETFs, mutual funds, options, fixed-income products, and a few useful tools to help investors implement strategies like dollar cost averaging.
Keep reading to learn whether Chase is a good broker for dollar cost averaging.
Key Takeaways
• Chase offers zero-commission trading, which benefits long-term investors using dollar cost averaging.
• Investors can use ‘repeating transfers’ to automate some aspects of their dollar cost-averaging strategy.
• Chase no longer offers an automated investing account.
J.P. Morgan Chase
J.P. Morgan Chase is a global financial services company offering a wide range of financial products and account types. Among them is a group of self-directed brokerage accounts offered by J.P. Morgan Wealth Management. Investors can open standard brokerage accounts and a variety of IRAs. Chase used to offer automated investing accounts, but it no longer does.
No matter what type of account you open, Chase provides a few useful tools for portfolio building and
dollar cost averaging.
Dollar Cost Averaging at Chase
To decide whether Chase is a good broker for dollar cost averaging, the answer comes down to a few basic questions.
What features do you expect from your broker? What are the fees associated with investing at Chase? And which securities are available for investing?
Chase Brokerage Features
DRIP and repeating transfers at Chase are the most notable features for long-term investors, but a few other useful tools and services are also available.
DRIP
Now that Chase has discontinued automated investing accounts, one of the easiest ways to automate recurring investments is to use DRIP (Dividend Investment Program). The feature can be turned on within the settings menu, and it allows for a passive approach to regularly adding to your current investments.
JP Morgan Repeating Transfers and Periodic Investing
Repeating transfers and periodic investing are also helpful for investors using a dollar-cost averaging strategy. Repeating transfers allow you to add funds to your brokerage account continually, and periodic investing orders automate the process of adding to existing positions.
Recurring deposits can be set up for your account regardless of the securities you invest in, but period investing orders can only be set for mutual funds. Additional purchase orders must be handled manually for dollar cost averaging on stocks and ETFs. For mutual funds, automated purchases can be scheduled weekly or monthly.
Cost
Using a dollar-cost averaging strategy at Chase is inexpensive. There are no account minimums or inactivity fees to worry about, and trading fees are very low.
J.P. Morgan Investing accounts do not collect commissions on trades, and the contract fees for investment vehicles like fixed-income products, mutual funds, and options follow a standard pricing model. Options contracts have a $0.65 fee, and bonds cost $1 each.
Trading Platforms
Chase does not have a dedicated trading platform. Instead, it offers a webpage and a mobile app. Neither would be very efficient for demanding investing tasks like day trading, but they are both well suited to a dollar-cost averaging strategy. Investors can access important news events potentially affecting their positions, and order management is handled through the provided trade tickets.
Should You Use JP Morgan for Dollar Cost Averaging?
Chase’s self-directed brokerage accounts have several positive features. The broker is very good for general investing and dollar-cost averaging. Prices are low, there is mobile accessibility, and there are many securities to choose from.
Additionally, Chase is especially attractive to current Chase customers as it allows seamless management of brokerage, banking, and credit card accounts that customers may also have.
Chase Brokerage Review
Read detailed J.P. Morgan Investing Review.
Updated on 2/4/2025.
I work in investment analytics and have been investing in the market since I was in high school. I enjoy anything that involves lots of strategy (i.e. a good game of chess), which is why I was naturally drawn to investing and researching companies. Outside of investing, I’m a big fan of the outdoors. In summer, you’re most likely to find me kayaking, camping, and hiking in the mountains.
|