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- Chase You Invest is an online brokerage that offers both DIY trading and managed accounts. It lets current Chase Bank customers connect all of their accounts in the same place.
- Chase You Invest offers commission-free trading on stocks, ETFs, options, and mutual funds.
- The brokerage has a robo-advisor, You Invest Portfolios, that invests and manages your money for you.
- Chase You Invest is best for beginner investors and existing Chase customers who want access to low-cost brokerage and automated investment accounts.
- Click here to open an account with Chase You Invest.
If you’re searching for low-cost investment options, don’t overlook Chase You Invest. The brokerage functions as the investment division of J.P. Morgan Securities, LLC, and offers several inexpensive investment choices for both active investors and passive investors.
Chase You Invest is convenient for existing Chase Bank customers interested in trying their luck in the stock market. That’s not to say you’ve got to have a Chase bank account to sign up; You Invest just makes it easier to connect all of your Chase accounts in one place.
And on the low-cost front, Chase lets you make unlimited commission-free trades on stocks, ETFs, options, and mutual funds.
The platform currently offers two accounts: Chase You Invest Trade and Chase You Invest Portfolios. Chase You Invest Trade is a brokerage account, while Chase You Invest Portfolios is an automated investment management account. This means you’ll have the choice between trading on your own or using a robo-advisor.
Both accounts also support retirement plans like traditional IRAs and Roth IRAs, but You Invest Portfolios offers a Portfolio Building feature that helps you find investments that work best with your risk tolerance and short- or long-term savings goals. You’ll need at least $2,500 for this feature, though.
Chase’s mobile app also makes it possible to carry your investments with you wherever you go. For existing Chase customers, the You Invest app connects with Chase’s mobile app. This means you’ll be able to access both your investing and bank accounts under one umbrella.
One thing to look out for, however, is that Chase is limited in its investment research offerings and trading tools. The company offers J.P. Morgan equity research and its Portfolio Building tool, but not much else. This might be a downside for more advanced investors who want access to additional trading tools and investing insights.
Another drawback is that You Invest doesn’t offer specialty accounts such as education savings plans and trust accounts. You’ll need to consider other brokerages if you’re looking for 529 college savings plans or other custodial accounts.
Bottom Line: Chase You Invest is best for beginner investors, active traders, and existing Chase customers who want to avoid commissions when trading. The company is also great for passive investors looking for robo-advice and professionally managed accounts.
Chase You Invest right pros and cons
Pros
- No minimum opening deposit for active trading account
- Unlimited commission-free stock, ETF, mutual fund, and option trades
- Account includes access to exclusive J.P. Morgan Research
- Easy transfers and linking with Chase bank account integration
Cons
- You Invest doesn’t offer education savings accounts, joint investing accounts, or trust accounts
- Limited research offerings and trading tools
- No retirement accounts for small businesses
Self-directed brokerage accounts
Chase You Invest Trade lets you place trades without paying commissions for stocks, ETFs, options, and mutual funds. You can get started without having to meet a minimum initial investment requirement, and you’ll be able to trade with general investment accounts, traditional IRAs, and Roth IRAs.
You’ll only run into fees for options contracts, corporate bonds, municipal bonds, and brokered CDs. Chase charges $0.65 per options contracts, while bonds and CDs cost $10 per trade plus an extra $1 for every bond over 10 bonds.
Automated investment management
You can also sign up for Chase You Invest Portfolios if you’d like your portfolio managed by professionals. This account is great for those who like robo-advice, but it also offers a unique feature: a team of investment specialists.
Chase says it uses both automated investment technology and human specialists to keep your portfolio on track. So you won’t have to worry about making any trades or rebalancing your portfolio on your own like you would with a self-directed account.
Just be prepared to pay a bit more for Chase You Invest Portfolios. You’ll need a minimum of $500 to get started, and you’ll have to pay an annual advisory fee of 0.35%.
The platform mainly uses four portfolios: conservative, moderate, growth, and aggressive. Each portfolio utilizes a different mix of J.P. Morgan ETFs.
Retirement accounts
Both You Invest Trade and You Invest Portfolios offer investment options for traditional IRAs and Roth IRAs. With You Invest Trade, you can open either retirement account with no minimum requirement. But you’ll need at least $500 to get set up an automated traditional or Roth IRA with You Invest Portfolios.
Additionally, it’s worth pointing out that Chase You Invest doesn’t offer IRA rollovers, SEP IRAs, and SIMPLE IRAs. If you’re looking for any of these accounts, you should consider other brokerages.
J.P. Morgan Chase & Co. is a global financial services firm with more than $2.6 trillion in assets under management. You Invest is a division of J.P. Morgan Securities LLC, a registered investment advisor and broker dealer.
Chase You Invest specializes in online brokerage and investment management services. The company offers options for active investors and hands-off traders, and it’s perhaps most well known for its extensive collection of commission-free investments.
The brokerage was established in 2018 by J.P. Morgan. You Invest offers two primary accounts: You Invest Trade and You Invest Portfolios. You Invest Trade functions as an online brokerage, and You Invest Portfolios provides managed investment advisory services.
Today, Chase offers more than 4,300 branches and 16,000 ATMs in the US.
Rickie Houston is a wealth-building reporter at Personal Finance Insider who covers investing, brokerage, and wealth-building products.