J.P. Morgan Private Client Advisor Review
In addition to its online discount investment services, J.P. Morgan offers a full-service investment program through its Private Client Advisor program. While it costs more than the online discount service, it offers a lot more.
Chase Private Client Investment Services
J.P. Morgan Private Client Advisor offers both self-directed and advisory accounts. The advisory accounts come in two types: discretionary (where the advisor makes all trading decisions) and non-discretionary (where the account holder gets advice but makes the final trading decisions).
Regardless of how the account is set up, a real human investment advisor is assigned to each account. J.P. Morgan Private Client Advisor accounts are opened at local branch offices, usually at Chase Bank locations, though there are also some independent J.P. Morgan Wealth Management offices. This is a traditional program, so it provides a lot of personal attention and a wide range of investment products, but at a higher cost.
Finding a Chase Private Client Advisor
It's easy to find a Chase Private Client Advisor. Since they are often located at Chase Bank branches, there are thousands of offices. A good starting point is to call the company’s investment consultation hotline at 1-800-969-1734 to schedule a meeting. You can also fill out an online form to book the appointment. If you already have Chase.com login credentials, you can use them to fill out some information in advance.
While you must meet in person to open the account, you can have future consultations with the Private Client Advisor by phone, in person, or virtually.
Chase Private Client Benefits
Chase Bank, an affiliated company, also offers a Private Client service that works alongside the J.P. Morgan Private Client Advisor program. The banking service costs $35 per month, though the fee is waived if you have $150,000 in total assets across both banking and investing accounts (certain account types, like 529 plans, are excluded from this calculation). Many J.P. Morgan Private Client Advisor clients can get the banking service at no extra cost.
Like the investment program, the Chase Private Client program offers a one-on-one relationship with a Private Client Banker. Several perks are included, such as lower mortgage rates, no ATM fees worldwide, and wire transfer fee waivers.
Currently, new Chase Private Client customers who transfer at least $500,000 of new money will receive a $3,000 welcome bonus.
Chase Private Client and J.P. Morgan Private Client Advisor accounts can be linked using a single login.
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Available Financial Products and Accounts
The J.P. Morgan Private Client Advisor program offers a variety of investment products, 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 accounts are eligible for all of these asset classes.
Accounts opened through J.P. Morgan Private Client Advisor come with a variety of tax structures, including 529 education plans, Individual Retirement Accounts (IRAs), custodial accounts, and more.
Available Services
Opening an account with a Private Client Advisor gives you more than just investment management. The advisor can help with a wide range of services, including:
- Estate planning
- Charitable giving
- Executive compensation
- Multigenerational wealth transfer
- Retirement planning
- Goal setting
- Education planning
- Liquidity events
- Wealth planning
- Customized financial plans
- And more
Margin
Both self-directed and managed accounts can use borrowed funds to buy more securities. The cost of margin is negotiable. If you have a discretionary account, check with the Private Client Advisor to confirm if margin services are available.
Chase Private Client Fees for Managed Accounts
The annual fee for a managed account with J.P. Morgan Private Client Advisor is 1.45% of assets under management. There is a fixed-income package available that costs 0.7% per year.
Requirements
The minimum deposit required varies depending on the strategy chosen. For example, the Chase Private Client bond program requires $250,000, while the mutual fund package requires $50,000. A general-investing account needs a $10,000 minimum, but most J.P. Morgan Private Client Advisor programs typically require at least $50,000 to get started.
Chase Private Client Fees for Brokerage Accounts
Brokerage (self-directed) accounts have a $50 annual fee ($30 for IRAs) plus commissions. The annual fee can be waived if the account meets one of these criteria:
- Has at least $50,000 ($25k for IRAs) in a Chase Bank account
- Is a Chase Bank Private Client
- Has $25,000+ ($10k for retirement accounts) in combined JPMorgan balances
- Has made a commissionable trade in the calendar year
The commission for stock and ETF trades by phone is 1% of the trade value with a $25 minimum. Online equity trades are free.
Alternative investments have a $250 annual fee per investment, which is waived for Chase Private Clients.
Options trades cost between $1 and $4 per contract, depending on the premium price. The minimum commission per trade is $25.
Bond trades range from $1 to $25, depending on the security.
Mutual fund trades do not have transaction fees but may have loads, so always check the prospectus.
Digital Tools
Once a J.P. Morgan Private Client Advisor account is opened, you can manage it through the Chase.com website or mobile app. The mobile app includes a Wealth Plan feature, available under the ‘Plan & track’ tab, which lets you virtually meet with the advisor.
Brokerage customers can place trades and conduct research on either platform. The trade ticket has four order types (market, limit, stop, and stop limit) and five duration choices (day, GTC, immediate or cancel, on the open, and on the close).
Charting tools are decent with technical indicators, drawing tools, and multiple graph styles. However, full-screen charts are not available, which is a drawback.
The mobile app uses the same order ticket and charting tools (minus horizontal charting).
Research and Educational Materials
While discretionary clients won’t need to do much research, other clients can use the security screener on the website to find stocks, ETFs, and mutual funds. We found the screeners easy to use with many filter options.
J.P. Morgan Asset Management also provides a lot of educational resources, including weekly market recaps, market news articles, financial topic slideshows, and more. Some of these resources are available to guests, though some may require login credentials.
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Chase Private Client Review Summary
J.P. Morgan Private Client Advisor provides a solid investment service that will appeal to high-net-worth individuals seeking both self-directed and advisory options. Chase Bank customers will benefit from the full-service approach available at local branches.
However, investors who don't need assistance with charitable giving or limited partnerships might find a better value with the low-cost Charles Schwab brokerage. This online service is cheaper and offers a great website and mobile app for both managed and self-directed accounts.
Updated on 12/22/2025.
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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