Chase You Invest Trade is a primarily app-based tool that allows you to create your own investment portfolio. When you open an account, you get unlimited commission-free online trades for stocks and options. You can also access automated investments through Chase You Invest Portfolios, the bank’s answer to the robo-advisor. Both allow users to enter the world of investing. But if you don’t want to go it alone, we can help you find a financial advisor.
Chase You Invest Trade exists on the Chase mobile banking app., which made our list of the best mobile banking apps. The active investor can use it to build an investment portfolio with your choice of the following securities:
- Mutual funds
As of this writing, the app has a 4.6 out of 5 rating on the Google Play store and 4.8 out of 5 stars on the Apple store. 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. J.P. Morgan portfolio managers monitor and rebalance this portfolio for you, so you can just kick back. With an investment minimum of $500, it may be a good option for the “set-it-and-forget-it” investor.
Chase You Invest Trade Overview
|Pros||– No minimum, be personally in charge of all your investments|
|Cons||– Investment options are mainly only J.P. Morgan ETFs|
|Best For||– Those who want to be involved in their investments|
|Drawbacks||– Not professionally managed for you|
Chase You Invest Portfolio Overview
|Pros||– Professionally managed automated portfolios and low fees|
|Cons||– Relatively high minimum investment and investment options are mainly only J.P. Morgan ETFs|
|Best For||– Set-it-and-forget-it investors|
|Drawbacks||– Investment options aren’t as diverse as they are for other robo-advisors|
Fees Under Chase You Invest Trade
Fees for You Invest Trade depend on the service you choose and your relationship with Chase. That said, you don’t need to be a Chase banking customer to open an account. You’ll also have access to unlimited commission-free online trades for stocks and options.
Also, Chase doesn’t charge any maintenance fees or fees for transferring money into your account from any source including wires. (The financial institution it’s coming from, though, may charge its own fees.)
Chase You Invest Trade Commission Fees
|Account Type||Fees and Conditions|
|All||Unlimited commission-free online trades for stocks and options.|
|Regulatory||SEC fees: $13 per $1 million of principal|
Trading activity fee: $0.000119 per share
Fees Under You Invest Portfolios
Chase’s You Invest Portfolios service charges 0.35% of your account balance per year. It collects this fee on a quarterly basis. The fee doesn’t include the underlying expenses associated with the ETFs your portfolio invests in. You can find more details about these management fees in the publicly available prospectus of each fund your portfolio invests in.
Chase notes that “the underlying J.P. Morgan ETF expenses that are paid to J.P. Morgan will be rebated or offset against the advisory account fee.”
Chase doesn’t charge any maintenance or additional management fees for its You Invest Portfolios service. It also doesn’t charge separate commissions.
You Invest Trade Services & Features
Services & Features
|You Invest Trade||– Research and invest in stocks, bonds, mutual funds and ETFs|
– Open a brokerage account, IRA or Roth IRA
– Access educational tools and content by Chase
– Set parameters for investments
You Invest Trade allows you to open a variety of accounts, including a traditional brokerage account, individual retirement account (IRA) or a Roth IRA. You can fund an IRA with pre-tax dollars, so it can reduce your taxable income. If you qualify for a Roth IRA, you can fund it with after-tax dollars and benefit from tax-free qualified withdrawals in retirement.
To help you build strong portfolios in either account type, the tool provides you with some powerful research tools. You can access the “Find Investments” section on the app to pull up securities based on parameters such as asset class, fees and risk tolerance. The tool also provides useful information about each investment. When you look at a mutual fund, for instance, you get to see its MorningStar rating. When you find a stock, you can access valuable information about the company it’s tied to, including the latest news. All of these features can help you evaluate securities.
In addition, the platform also offers a “Learning and Insights” section. This contains a variety of educational tools and content designed by Chase professionals in order to help you make better investment decisions. If you’re new to investing, the “Financial Jargon Busting” pieces can help you get a grip on the basics.
You can open an account with as little as $1. Plus, you can rollover investments from other brokerage, IRA or Roth IRA accounts.
Additionally, if you have at least $2,500 in your account, you can access Portfolio Builder. This feature creates a personal asset allocation for you based on your answers to a questionnaire about your risk tolerance and investing goals.
Yet where You Invest Trade falls short is with its investment offerings. You’re limited to investing in stocks, bonds, mutual funds, ETFs and options. So you can’t invest in securities like futures, commodities, Forex and cryptocurrencies. Other low-cost options that also have IRA and Roth IRA components give you access to a wider universe of investments. Even basic brokerage services typically give you access to other options such as certificates of deposit (CDs) and different types of index funds.
Chase You Invest Portfolios Services & Features
Services & Features
|You Invest Portfolios||– Automated portfolio based on your risk tolerance and investment goals|
– Invests in ETFs
– Professionally managed, monitored and rebalanced
The You Invest Portfolios are robo-advisors built with J.P. Morgan ETFs that offer exposure to equities, fixed income and cash. Based on your answers to a questionnaire about your risk tolerance, investing goals and other financial matters, Chase may invest your assets across one of the following model portfolios:
- Conservative: 75% fixed income and cash/25% U.S. and international equities
- Moderate: 50% fixed income and cash/50% U.S. and international equities
- Growth: 25% fixed income and cash/75% US and international equities
- Aggressive: 10% fixed income and cash/90% US and international equities
From there, you don’t need to do anything else. Investment professionals at Chase monitor your portfolio and rebalance it if deemed necessary.
To open an account, you’d need a minimum investment of $500. While this may not be a prohibitive amount for many investors, there are similar services out there that require no minimum investment. But just as with the Trade option, you can fund this account with money from a different account. This can include brokerage accounts, IRAs or employer-sponsored retirement plans.
Chase You Invest User Experience
You can access the Chase You Invest Trade feature via Chase’s banking website or app. But its user experience may not be as stellar as that of its competitors. On the site, you can access securities by category tabs such as stocks and mutual funds. But you can’t search for a particular stock or mutual fund. Similarly, with the app, some users have reported lack of a quick-to-access search bar to look up securities. Also, some tools are hard to find.
Chase You Invest Portfolios can also be accessed through the banking site or app. But because it’s an automated, hands-off system, there isn’t much to report about the user experience. You can always log in to your account to access it and view your investment holdings. Like many robo-investing services, it gives you a visual depiction of your asset allocation via a pie chart.
Chase You Invest Customer Support
When you sign up for either Chase You Invest component, you have access to J.P. Morgan’s massive customer service department. You can dial Chase’s main customer service line at (877) 242-7372 if you’re in the United States. Or you can dial the international customer support group at (713) 262-3300.
Plus, you can stop by at any of Chase’s more than 5,000 branches to speak to a customer service representative in person. But you may not even need to pick up the phone or leave the house if you’re having trouble with the You Invest platform. Chase You Invest also has its own Frequently Asked Questions (FAQs) section.
Who is Chase You Invest Trade Good For?
Chase You Invest Trade may suit the moderately experienced and tech-savvy investor who prefers to invest in traditional securities. The tool is mainly app-based. It also offers some useful information about different investments. For instance, Morningstar ratings on mutual funds can help you determine if they are right for your portfolio. It also offers some insight about the companies that stocks tied to in order to help you decide if you’re willing to invest in them.
The tool may be especially useful for dedicated Chase customers. A stronger relationship with Chase earns you more commission-free online stock and ETF trades as long as they are listed in the U.S. Plus, you’d get to manage all your Chase financial accounts from one platform.
Who is Chase You Invest Portfolios Good For?
Chase You Invest Portfolios may work well for the set-it-and forget it investor. You need a minimum of $500 to open an account. But the firm manages the portfolio for you. Plus, it’s built based on the answers you provide to a questionnaire about your investment goals, time horizon and risk tolerance.
However, you have to be comfortable with investing in a model portfolio primarily built with J.P. Morgan ETFs. These provide exposure to stocks, bonds and cash.
How Does Chase You Invest Trade Compare?
When it comes to costs, Chase You Invest Trade delivers a knock-out punch to some of the biggest players in the industry. After applicable free trades, the You Invest Trade platform charges $2.95 commissions per online stock and ETF trades. Similar services charge about twice as much.
However, the Chase You Invest trade platform isn’t as robust as the ones that similar investing apps like Robinhood offer. In fact, the Robinhood mobile app earned a design award from Apple in 2015. This app also allows unlimited commission-free trades of U.S.-listed stocks, ETFs and options. But services like Robinhood and similar ones born on the internet may lag when it comes to customer service.
|Brokerage Firm||Fees||Minimum||Best For|
|Robinhood||$0||$0||– Mobile/online traders|
– Self-sufficient investors
|E-Trade||$6.95||$500||– Those who trade often|
– Anyone who prefers strong customer service
|Chase You Invest||$0||$0||– Those just getting started|
– People who want to become active investors
How Does Chase You Invest Portfolios Compare?
You Invest Portfolios entered the robo-advisor arena in 2019, so it may need some time to become a threat to big players like Betterment. You need a minimum investment of $500 to open an account, compared to Betterment, who doesn’t have a minimum investment requirement – and charges a lower annual advisory fee of 25 bps.
What’s the Catch With Chase You Invest?
There doesn’t seem to be a catch when it comes to signing up for either Chase You Invest component. If there is one, perhaps it’s that the portfolio component mainly uses J.P. Morgan ETFs.
Chase You Invest Disclosures
J.P. Morgan Investment Management Inc. (JPMIM) has no legal or disciplinary events to disclose regarding its Chase You Invest Portfolios program as of the time of this writing. For the most current information, you can access the disclosure brochure for J.P. Morgan Securities’ You Invest Portfolios program available online for free.
The Bottom Line
The Chase’s You Invest platform stands as a noteworthy but not groundbreaking entry into the world of app-based trading and robo-advisors. Each component offers something useful.
You Invest Trade stands out with its introductory free trades. Its commissions after the introductory period are still low by industry standards. But its interface can use some tweaking. It also limits exposure to traditional securities. But that shouldn’t be a problem for the investor who sticks to these types of investments.
The You Invest Trading platform invests in low-cost ETFs that adhere to your individual risk profile and time horizon. And your portfolio gets managed by experts from one of the biggest financial institutions in the country. But competitors may offer exposure to a few more investment products at lower fees and minimum investment requirements.
Tips on Diving into Investing
- Whether you seek an automated financial advisor, a real person or a combination of both that you’re seeking, we can help. Use our SmartAsset financial advisor matching tool. It connects you with up to three advisors in your area based on your answers to questions about your investment goals. For some users, it can also recommend robo-advisors or platforms that combine personal advice with automated services.
- If you’re looking for a top-rated robo-advisor or app-based investing platform, check out our reports on the top 10 robo-advisors of 2019 and the best investment apps of 2019.
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