J.P. Morgan Private Client Advisor Review
Along with its online discount brokerage platform, J.P. Morgan also provides a full-service investment option through the Private Client Advisor program. While this service is more expensive than the company’s online discount offering, it also provides many additional features.
Chase Private Client Investment Services
J.P. Morgan Private Client Advisor provides investment accounts in both brokerage and advisory formats. Advisory accounts can be discretionary, meaning the financial advisor makes the trading decisions, or non-discretionary, meaning the investor receives recommendations but makes the final decisions.
Regardless of how the account is opened, a real human investment advisor will be tied to it. J.P. Morgan Private Client Advisor accounts are generally opened through a J.P. Morgan advisor in the client’s area or at a Chase branch. This is clearly a traditional advisory service. For that reason, it offers a high level of personal service and a broad menu of investment products, although the pricing is higher.
Finding a Chase Private Client Advisor
Finding a J.P. Morgan advisor is straightforward. A good starting point is to call the company’s investment consultation line at 1-833-542-1891 to arrange a meeting. You can also complete an online form to request a consultation. If you already have Chase.com login credentials, some of the information may be filled in automatically.
An in-person meeting may be part of the account-opening process, but later meetings with a Private Client Advisor can be handled by phone, in person, or virtually.
Chase Private Client Benefits
Chase Bank, which is affiliated with J.P. Morgan, has its own Private Client banking program that can be used together with the J.P. Morgan Private Client Advisor service. The banking program has a $35 monthly fee, although this fee is waived with $150,000 in qualifying linked balances or by linking the account to a qualifying checking account. Certain account types, including 529 plans, donor-advised funds, and some retirement plan investment accounts, do not count toward the balance requirement. Because of this, many J.P. Morgan Private Client Advisor customers may be able to qualify for the banking service without paying the monthly fee.
Similar to the investment program, Chase Private Client provides a one-on-one relationship with
a Private Client Banker. The program includes several benefits, such as
relationship pricing on home lending,
no ATM fees charged by Chase worldwide, and wire-transfer benefits.
At this time, new Chase Private Client customers who deposit enough qualifying new money
may qualify for a welcome bonus of up to $3,000.
Chase Private Client and J.P. Morgan Private Client Advisor accounts can be connected under one login.
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Available Financial Products and Accounts
The J.P. Morgan Private Client Advisor program provides access to a wide selection of investment products. These include:
- 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 every account will qualify for every asset class listed above.
An account opened through J.P. Morgan Private Client Advisor can be set up using many tax structures. These include 529 education plans, Individual Retirement Accounts, custodial accounts, and other choices.
Available Services
Opening an account with a Private Client Advisor provides more than basic investment management. The Advisor can assist with many planning topics, 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
Either a brokerage account or a managed account may be eligible to borrow money to buy additional securities. The cost of using margin can vary. Investors with discretionary accounts should ask their Private Client Advisor whether margin is being used.
Chase Private Client Fees for Managed Accounts
The annual fee for an investment-advisory account opened through the J.P. Morgan Private Client Advisor program depends on the program chosen. Current published maximum advisory fees go up to 1.45% of assets under management. There is also a fixed-income advisory program with a published maximum fee of 0.70% per year.
Requirements
Minimum deposit requirements vary by the strategy selected. The
fixed-income advisory program has a $100,000 minimum. A mutual fund advisory package
has a $50,000 minimum, while a core advisory program has a $10,000 minimum. J.P. Morgan says advised clients generally have $25,000 or more in investable assets, although the J.P. Morgan Private Client Advisor service itself is listed with a $100,000 minimum investment.
Chase Private Client Fees for Brokerage Accounts
Brokerage accounts have a $50 annual fee plus a commission schedule. The annual fee can be waived if the account meets one of several conditions:
- Is a Chase Private Client
- Has $25,000+ in combined investment balances
- Generates $50 in commissions during the calendar year
The commission for stock and ETF trades placed by phone is 1% of trade value with a $25 minimum. Stock and ETF trades placed online at Chase.com are free.
Alternative investments and other specialized products may have additional costs. Be sure to check the company’s full fee schedule.
Options, bond trades, and other products may also have extra charges under the brokerage commission schedule.
Mutual fund transactions do not always have a transaction fee, but the funds themselves may charge loads or other expenses. Be sure to review the fund prospectus.
Digital Tools
After a J.P. Morgan Private Client Advisor account is opened, it can be managed on the Chase.com website or through the mobile app. Inside the mobile app, there is a Wealth Plan feature. Meetings with an advisor can be scheduled through the Chase Mobile app or on Chase.com.
Brokerage customers can place their own trades and perform research on either platform. The trade ticket and research tools are available on both desktop and mobile.
Charting and research tools are available at a decent level, although the platform is not built for advanced trading.
The mobile app includes many of the same investing tools and account-management features found on the website.
Research and Educational Materials
Discretionary clients may not need to spend much time researching securities, but other investors may want to use the screeners available on the website. These tools can be found inside the firm’s digital investing area.
There are screeners for stocks, ETFs, and mutual funds. During our testing of these search tools, we found them simple to use and equipped with many criteria.
J.P. Morgan Asset Management, an affiliated company, publishes a large collection of investor education on its website. Available resources include market commentary, articles and videos about market news, and other planning material. Many of these resources are available without logging in, although some may require sign-in.
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Chase Private Client Review Summary
J.P. Morgan Private Client Advisor offers a solid investment service that may work for both self-directed and investment-advisory clients with higher balances. Chase Bank customers may benefit the most because they can build a broader financial relationship at a local branch.
However, investors who do not need help with charitable giving or have no interest in trading limited
partnerships may be better served by the
low-cost brokerage Charles Schwab. This online service is less expensive and provides a strong website and mobile app, with both managed and self-directed account options.
Updated on 5/25/2026.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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