Chances are youâ€™ve heard of J.P. Morgan Chase. Itâ€™s one of the major players in the financial space, and itâ€™s long had a brokerage arm in addition to providing global banking services. Now, though, J.P. Morgan is getting into the online brokerage space with You Invest.
You Invest is an online trading platform that allows you to buy and sell individual stocks and exchange-traded funds (ETFs) without the need for a human broker. This You Invest review will look at whatâ€™s offered and provide you with the information you need to decide if itâ€™s right for you.
You Invest offers a way for you to seamlessly connect your Chase bank account to your brokerage account. Additionally, you end up with access to plenty of educational materials and the ability to understand your total portfolio.
You Invest is ideal for beginning investors, especially those looking for education and assistance building a portfolio that will help them reach their goals. Intermediate and advanced investors also can benefit, but the educational tools and resources are especially helpful for novice investors.
Additionally, You Invest connects to your other Chase accounts, making it easy for you to move money from your bank account to your brokerage account and vice versa. If you already bank with Chase, using You Invest to manage your portfolio might not be a bad choice.
While $2.95 per trade is a low cost, this product might not be the best choice for active traders. For traders who can keep their trade volume low, this can be an excellent brokerage since you receive 100 free trades in the first year after an account is opened â€” with the opportunity to qualify for more free trades in subsequent years.
Up to 100 free trades
|Stock trading fees||
|Account fees (annual, transfer, inactivity)||
|Commission-free ETFs offered|
|Offers automated portfolio/robo-advisor|
|Ease of use|
|Mobile app||iOS, Android|
|Customer support||Phone, Chat, 5,100 branch locations|
The educational tools and insights provided by You Invest are where this offering shines. With tools that allow you to see how a mutual fund might fit into your portfolio and screeners that allow you to find specific stocks, itâ€™s possible to get the help you need to learn your investing style.
A review of You Invest wouldnâ€™t be complete without a look at some of the downsides. In many ways, You Invest is a typical online brokerage option. Other than some of the educational and portfolio building tools, thereâ€™s not a lot to distinguish You Invest from other brokers.
Any investment comes with the risk of loss. However, You Invest is insured by the SIPC for up to $500,000. Additionally, J.P. Morgan is a member of FINRA. As a result, youâ€™re reasonably protected â€” especially when you consider that this is a company with more than $1 trillion in assets under management. Itâ€™s not likely to fail.
Just make sure you understand your own risk tolerance before you invest. While insurance protects you from failure, youâ€™re not protected from market losses.
You Invest can be a great option for middle-of-the-road investors who want a little more flexibility in their portfolios but still need some guidance. There are a number of assets to choose from, and the educational tools and resources allow you to build a portfolio based on your long-term goals and expectations.
Depending on your goals, there might be other products that work for you. For those more interested in a hands-off approach, Betterment might be a more suitable choice. You also can make trades for less with a service like Robinhood. However, you might not get the same level of educational tools with Robinhood, and Betterment wonâ€™t let you personalize your portfolio to the same degree.
If you want a low-cost, personalized way to invest â€” learning as you go â€” and if youâ€™re already a Chase customer, opening a You Invest account might be a good way to move forward.