J.P. Morgan Wealth Management

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mark996

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mark996
Feb 5 9 Comments

Does anyone have any direct (a.k.a. personal, first person) experience working with a J.P. Morgan Wealth Management Advisor?

How is it better than their general robo-advisor account?

How about other advisors, wealth management plans, or active management accounts with other financial institutions?

TC ~600k (before metacrash)
#personalfinance #personalfinance #investments

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TOP 9 Comments
  • Google
    fake guru

    Go to company page Google

    fake guru
    I think it highly depends on your advisor.

    I have had a JP Morgan Wealth Management advisor for almost 6 months. They just put my portfolio into a JP Morgan large cap growth fund. That's it.

    I spoke with him a few times. He's a SVP in my local branch. But he didn't seem very knowledgeable. He is a YES person who just tells me what I want to hear.

    He's charging me 1% annual fee. I'm taking my money out soon.
    Feb 5 2
    • Google
      fake guru

      Go to company page Google

      fake guru
      Note: I only put a $100k under his management to test the waters.

      Just wanted to clarify in case people wonder if I put my entire portfolio there.
      Feb 5
    • Meta
      mark996

      Go to company page Meta

      mark996
      OP
      Thanks for you reply! What's the fund ticker out of curiosity?

      I chatted with one and had a very bad impression... Very pushy, fomo tactics, catchphrases, and a lingo that completely ignored that i was not born in this country...
      Feb 6
  • Speedway / Mgmt
    Hank Hill

    Go to company page Speedway Mgmt

    PRE
    Amazon, JPMorgan Chase & Co., Capital One
    Hank Hill
    It doesn't depend on your advisor. That's all of them or even a better one @Google.

    If you really need wealth management, estate planning, tax planning advice go see a fee-only financial advisor a few times to build a plan, don't pay 1% AUM to get put in high fee funds that generate money for the manager and underperform the SPX.
    Feb 5 5
    • Meta
      mark996

      Go to company page Meta

      mark996
      OP
      Hmmm, 1.5%? Or is it a tricky question?? 😅
      Feb 7
    • Speedway / Mgmt
      Hank Hill

      Go to company page Speedway Mgmt

      PRE
      Amazon, JPMorgan Chase & Co., Capital One
      Hank Hill
      You have to outperform by more than 1.5% over time because of missed compounding. Don't know the exact number but it'll cut your retirement wealth by 25% or more.
      Feb 7