Chase You Invest Review – JP Morgan Robo-Advisor

you invest-girl investing on phone

*Disclosure: Please note that this article contains affiliate links which means that – at zero cost to you – I might earn a commission if you sign up through the affiliate link. (That said, we’re committed to providing honest reviews.)

You Invest is an online investment option from JPMorgan Chase, a bank which manages over $2.6 trillion in assets. The Chase robo-advisor and You Invest Trade offer something for everyone, whether you prefer more control over your investments or you want to build a portfolio managed by Chase.

There are two You Invest options:

  • You Invest Portfolios – Robo-advisor automated investment manager
  • You Invest Trade – Free investment trading platform

The difference between these investing platforms lies in how much of a hand Chase has in managing your money and the available investments.

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.

On the other hand, You Invest Trade is a commission-free investment service designed for investors who don’t need or want the hands-on account management that comes with You Invest Portfolios. You Invest Trade investors have the opportunity to trade stocks, ETFs, mutual funds, options and fixed income.

In this Chase You Invest review you’ll learn the features of JP Morgan You Invest Portfolios and find out whether the Chase robo-advisor is right for you. We’ll also dip into the Chase You Trade App, a bit.

Chase You Invest Robo-Advisor Features at a Glance

OverviewTwo options for investment, both backed by JP Morgan Chase.
The You Invest Portfolios is a digitally managed robo-advisor.

You Invest Trade is a brokerage account that allows investors DIY options for investing.
Minimum Investment AmountYou Invest Portfolios: $500

You Invest Trade: $0
Fee StructureYou Invest Portfolios: 0.35% AUM, charged quarterly.

You Invest Trade: No account management fees. Unlimited commission-free trades, including ETFs, options, and stocks. Other fees, including options contracts, may apply.
Top FeaturesInvestment risk calculator; professionally managed portfolio through You Invest Portfolios; DIY control over investments through You Invest Trade.
Free ServicesYou Invest Trade offers commission-free ETFs, stocks, fixed income, and options.
Contact & Investing AdviceMonday-Friday 8:00 am - 9:00 pm and Saturday 9:00 am - 5:00 pm by phone. Clients can visit Chase branch locations during business hours to speak to a JP Morgan representative about investment products as well.
Investment FundsYou Invest Portfolios: JP Morgan ETFs.
You Invest Trade: Stocks, bonds, mutual funds, options, and ETFs.
Accounts AvailableTraditional and Roth IRAs; individual brokerage accounts. Check with a representative for other types of accounts.
PromotionsN/A

What is the Chase You Invest Robo-Advisor?

“You Invest Portfolios is a managed account that gives you a portfolio aligned to you and your goals, managed by professionals at J.P. Morgan.” ~You Invest Chase website

You Invest Chase is a financial tool for investors that offers a way to grow your wealth for retirement account, cash for a home downpayment or any future goal. The app-based robo is low-cost, and requires a low-ish minimum investment amount to get started.

So, is investing with Chase good? If you’re looking for a robo-advisor backed by a solid financial institution, the answer is yes! You Invest Chase also offers clients the ability to choose between DIY investments and actively managed portfolios.

However, the JPMorgan robo-advisor is limited in terms of fees, investment choices and add on services. You’ll need to look elsewhere if you want a robo-advisor with the lowest management fees. M1 Finance, Schwab and Axos Invest all offer robo-advisors with zero management fees.

What Differentiates the JP Morgan Robo-Advisor from Competitors?

You Invest is backed by JPMorgan Chase, making it different from the many standalone robo-advisors on the market.

JPMorgan Chase is one of the oldest financial institutions. Their products and services include banking, lending, investing and other financial sevices.

Robos like Betterment and Ellevest do not have the same institutional backing as JPMorgan; as such, You Invest clients have the option to visit a brick and mortar branch for assistance while Betterment clients will need to stick to virtual customer service. Additionally, if you want all of your financial transactions under one roof, you might consider the You Invest robo-advisor.

Visit the Robo-Advisor Wizard, answer four questions and find out which robo is best for you.

Who Benefits from the Chase You Invest Platform?

While current Chase customers might appreciate the ability to keep all of their products under one roof, You Invest is available to non-customers as well. By opening a You Invest Portfolio or Trade account, you will gain access to the JPMorgan Chase family.

The JPMorgan Chase offers these financial services:

  • Checking and Savings Accounts
  • Credit Cards
  • Mortgage and Car Loans
  • Investing options for do-it-yourselfers and thse seeking managed accounts

If you like having your investments at your fingertips, you will benefit from the You Invest app. That said, there are many excellent robo-advisor apps.

Chase aims to provide the same level of access to your investments regardless of whether you check in on your investments using a computer or a smartphone.

The Chase robo-advisor is beneficial for investors who want a professional’s oversight and management and access to the JPMorgan Chase family of products and services. The You Invest Trade is appropriate for DIY investors interested in the JPMorgan Chase Trading and Portfolio tools.

How Does Chase Investment Work for Robo Investors?

You Invest Chase Portfolios are managed by JPMorgan and designed with your financial goals in mind. Using robo-advisor algorithms or computerized investment programs, You Invest calculates your chances for reaching your target goals and provides recommended portfolios.

Something that makes You Invest unique is a two-step risk calculator. First, You Invest asks you to select the risk tolerance you feel most comfortable with. Then the Chase robo-advisor asks a series of follow-up questions to determine whether this risk tolerance is best suited to your financial timeline, goals, and deposits.

Bonus: Best Investments During a Stock Market Crash

You Invest investment returns graphs

How to Sign Up for Chase You Invest Portfolios

You Invest Portfolios prompts you to fill out some basic information about yourself and your financial goals. Prospective clients will be asked to provide:

  • Your age
  • Your initial investment
  • The amount of money you will add to your account monthly
  • The risk level of the account: conservative, moderate, growth, or aggressive
  • Your investment goal and timeframe
    • If you select retirement, you will be prompted to select your target retirement age: 60-65, 66-70, 71-75, or 76+
    • If your goal is building wealth, saving for a major purchase, or another purpose, you will be given timeframes of 3-5, 6-10, 11-15, or 16+ years

After this initial questionnaire, the JPMorgan robo-advisor asks additional questions to determine whether your risk tolerance is appropriate, considering your stated goals. Some of the questions will repeat the initial information:

  • What is the purpose of this investment?
  • What type of account are you interested in?
    • If your goal is retirement, you will be asked whether you’d like a Traditional IRA, Roth IRA, General Investment. You will also be asked at what age you plan to retire.
    • If you have another goal you will only be able to open a General Investment account. You will also be asked long you plan to invest this money.
  • What do you care about most when it comes to investing? (Capital preservation, Moderate growth, or Aggressive growth)
  • How comfortable are you with large swings in the value of your portfolio? (Not Very, Moderately, Highly, or Very Highly)
  • How likely would you be to invest if the value of your portfolio changed +/- 20% over three years? (Not likely, Likely, or Very likely)
  • What would you do if the value of your investment dropped by 20%? (Sell all, Sell most, Nothing, or Buy more)

Finally, You Invest will create a recommended portfolio allocation, based on these answers. If you have chosen retirement, you will also likely be enrolled in the Glide Path strategy; Glide Path reduces risk exposure as you age, by automatically changing your asset allocation to become more conservative upon approaching retirement.

Chase You Invest Robo-Advisor Fees and Minimums

Investors can open a You Invest Portfolio account with a $500 minimum investment.

You Invest Portfolios charges 0.35% AUM in account management fees, charged quarterly. This puts Chase You Invest in line with robo-advisors like Fidelity Go (0.35% AUM), TD Ameritrade Essential Portfolios (0.30% AUM), and Vanguard Personal Advisor Services (0.30% AUM).

With these fees, a client whose account is valued at $100,000 can expect to pay just over $29 per month in account management fees.

Following are links to the websites of robo-advisors with lower management fees:

Investors can use You Invest Trade with no minimum balance. You Invest Trade offers unlimited commission-free options for stock, options, and ETF trades. Other fees may apply to some situations, including representative-assisted trades, trades in the secondary market, and for options contracts.

Following are links to websites of other free investing apps:

You Invest Goals and App

JP Morgan You Invest – Chase Robo-Advisor Investments

“Your You Invest Portfolios account contains a selection of J.P. Morgan exchange-traded funds (ETFs) aligned with your risk profile, time horizon, and objectives. An ETF is a mix of stocks, bonds and alternative securities that’s bought and sold on an exchange. One ETF may hold hundreds of securities, helping to diversify your portfolio and reduce risk.” ~Chase You Invest FAQ

The investment strategies behind Chase You Invest Portfolios include:

  • Conservative portfolios: approximately 75% fixed income and cash/25% US and international equities
  • Moderate portfolios: approximately 50% fixed income and cash/50% US and international equities
  • Growth portfolios: approximately 25% fixed income and cash/75% US and international equities
  • Aggressive portfolios: approximately 10% fixed income and cash/90% US and international equities

The You Invest Funds Include:

  • JPMorgan BetaBuilders U.S. Equity ETF (BBUS)
  • JPMorgan Diversified Return Emerging Markets Equity ETF (JPEM)
  • JPMorgan BetaBuilders International Equity ETF (BBIN)
  • JPMorgan BetaBuilders Canada ETF (BBCA)
  •  JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF (BBSA)
  • JPMorgan U.S. Aggregate Bond ETF (JAGG)
  • JPMorgan Core Plus Bond ETF (JCPB)

These portfolios come with the benefit of professional monitoring and periodic rebalancing to keep your investments in line with your financial goals.

For DIY investors, Chase You Invest Trade clients can invest in stocks, ETFs, options, bonds, and mutual funds.

Is Chase You Invest Robo-Advisor FDIC Insured?

Chase You Invest is not FDIC insured. The Federal Deposit Insurance corporation (FDIC) insures cash held in a savings or checking account at a bank, should the bank fail. The reason that You Invest Chase isn’t FDIC insured is because it is not a savings account.

Investment accounts are likely to fluctuate in value, and losses are to be expected at some point over the life of the investment account. Investments will be insured by the Securities Investor Protection Corporation (SIPC) up to $500,000.

The Securities Investor Protection Corporation protects investors should their financial firm go bankrupt. The SIPC also protects the cash and securities held within your Chase You Invest accounts up to $500,000.

Chase You Invest Customer Support

Customer support is available to You Invest clients Monday through Friday from 8:00 am to 9:00 pm and Saturday from 9:00 am to 5:00 pm ET.

  • You Invest Trade clients can call: 1-800-392-5749
  • You Invest Portfolios clients can call: 1-800-776-6061

Additionally, since You Invest is part of JPMorgan Chase, clients also have the option to visit a Chase bank branch to discuss investment products.

Chase You Invest Robo-Advisor Advantages and Disadvantages

Chase You Invest Portfolios and Trade Pros

  • Customizable levels of account management
  • Connection to a large financial institution
  • In-person branch support available
  • Unlimited commission-free trades for stocks, ETFs, and options at You Invest Trade
  • Large investor education section on the site

Chase You Invest Portfolios and Trade Cons

  • The investment minimum for the You Invest Portfolios of $500 may be too high for beginning investors are higher than many comparable robo-advisors.
  • The You Invest Portfolios only invest in the JPMorgan ETFs. We believe this is a huge negative. There are many excellent and lower fee ETFs that the You Invest Portfolios do not include.
  • Fees on You Invest Portfolios is in the upper-middle range of robo-advisors. Here’s a list of robo-advisor fees from lowest to highest.
  • In a robo-advisor comparison, there are other robo-advisors with more features, such as tax-loss harvesting, access to human financial advisors, active investment choices, and more diverse ETF choices.

Chase You Invest – Wrap Up

Is investing with Chase good?

Well, it depends.

Chase You Invest Portfolios gives investors the support of  professionally created robo-advisor. While Chase You Invest Trade allows investors to manage their own accounts with commission-free trading of stocks, ETFs, and options on an unlimited basis.

That being said, investing with Chase You Invest Portfolios can be limiting. We believe that the main reason to invest with the You Invest Chase Robo-Advisor is to keep all of your finances under one roof.

Otherwise, there are many better robo-advisor options available.

Chase You Invest Alternatives

*Disclosure: Please note that this article may contain affiliate links which means that – at zero cost to you – I might earn a commission if you sign up or buy through the affiliate link. That said, I never recommend anything I don’t believe is valuable.

 

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