The bottom line: You Invest Portfolios is a robo-advisor offering from J.P. Morgan that takes the complexity out of investing. It could be a good choice for existing Chase customers who want to start investing but have no interest in dealing with their investments themselves. But the 0.35% management fee is higher than that of competitors.
You Invest Portfolios by J.P.Morgan
no promotion available at this time
Pros & Cons
App that connects all Chase accounts.
Low investment expense ratios.
ETFs are exclusively from J.P.Morgan.
$500 account minimum.
High management fee for a robo-advisor.
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You Invest Portfolios marries the investing expertise of J.P. Morgan with the convenience of Chase’s mobile app. You Invest Portfolios matches investors with a portfolio that fits their risk tolerance and investment goals, then manages the account for an annual management fee of 0.35% of the account balance.
You Invest Portfolio’s counterpart, You Invest Trade, is the do-it-yourself version of the product, suitable for investors who want to trade on their own.
You Invest Portfolios is best for:
Existing Chase customers.
Investors who want portfolio management.
A simple investing experience.
Chase You Invest Portfolios at a glance
Account management fee
Investment expense ratios
ETF expense ratios range from 0.10% to 0.12%, depending on the portfolio. You Invest Portfolios will reduce its management fee by the portion of expense ratios that is paid to J.P. Morgan or its affiliates.
Account fees (annual, transfer, closing)
$75 account transfer fee.
Portfolios are made up of seven asset classes, with up to two ETFs each. ETFs are smart-beta funds.
Roth and traditional IRA accounts; individual nonretirement accounts.
Free on all accounts.
Human advisor option
A simulation tool allows investors to see how potential investments will perform over time.
Bank account/cash management account option
Chase Savings and Chase Premier Savings, both with interest rates below the national average.
Customer support options (includes website transparency)
Phone support Monday - Friday, 8 a.m. to 7 p.m. Eastern.
Where You Invest Portfolios shines
Easy portfolio building and management: Building a well-diversified portfolio takes time and research. You Invest Portfolios makes it easy with a simple quiz that asks about your risk profile, your goals and your time horizon, then pairs you with one of four potential portfolio options. Ranging from conservative to aggressive, the portfolios are built using a mix of exchange-traded funds, giving investors exposure to stocks and bonds.
Portfolio mix: You Invest Portfolios features seven asset classes plus cash, and allows up to two ETFs in an asset class. The ETFs are smart-beta funds, which customize the ETF’s holdings rather than passively tracking every investment in an index. Because of that, the company says its smart-beta ETFs are designed to perform better than traditional passive ETFs.
One thing to note: You Invest Portfolios uses only J.P. Morgan ETFs — even if there is a similar ETF that is cheaper. For robo-advisors offered by brokerages that have their own funds, this isn’t uncommon, and the average expense ratios of You Invest Portfolios’ four portfolio choices is competitive, ranging from 0.10% for the aggressive portfolio to 0.12% for the conservative option. Similar to other robo-advisors, that expense ratio for the investments used is charged to investors in addition to You Invest Portfolios’ management fee. But the service reduces its management fee by the portion of the expense ratio that is paid to J.P. Morgan or its affiliates.
» How does You Invest Portfolios compare? See our list of the best robo-advisors.
Integrated app: If you’re already a Chase customer, you’ll be able to access your You Invest Portfolios account on the Chase mobile app. Users can check on their investments in addition to accessing any other Chase accounts, such as credit cards or bank accounts.
If you’re not an existing Chase bank customer, you can still open a You Invest Portfolios account.
Automatic rebalancing: Though not uncommon for robo-advisors, You Invest Portfolios does offer automatic rebalancing. J.P. Morgan uses a glide-path strategy to adjust your asset allocation over time, ensuring your portfolio matches your risk tolerance as you get closer to your goal.
Where You Invest Portfolios falls short
Higher-than-average account management fee: An annual 0.35% management fee is on the higher end of the robo-advisor spectrum, especially since You Invest Portfolios doesn’t offer any additional services (like tax-loss harvesting or access to human advisors) to round out its automated portfolio management offering.
Account minimum: With so many robo-advisors offering $0 account minimums, it feels like a service has to go the extra mile to justify a $500 minimum (and a required $250 maintained balance), and You Invest Portfolios simply doesn’t.
Limited tools and access to research: You Invest Portfolios has a simulation tool that illustrates the likelihood of various investment returns over time, but aside from that, does not offer much to help investors understand their assets or plan for their financial goals. The Chase website does feature educational articles to help beginners understand investing, but sticks to fairly basic concepts.
Customer support availability: Account holders have access to You Invest Portfolios customer service only over the phone Monday through Friday, from 8 a.m. to 7 p.m. Eastern. Chase has almost 4,900 branches, but none of them offer in-person assistance for brokerage accounts.
Is You Invest Portfolios right for you?
If you’re looking for investment management and nothing more, You Invest Portfolios is a decent option — especially if you’re already a Chase customer. If investing feels particularly daunting to you, You Invest Portfolios takes almost all the leg work out of it and lets you invest strategically without making the intimidating decisions that DIY investing might require.
» Curious about other offerings? Check out our roundup of the best robo-advisors.
INVESTMENT PRODUCTS: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
A previous version of this review misstated that a promotion is available. Chase You Invest Portfolios does not currently offer a promotion. This review has been corrected.