Estate planning in different market environments | J.P. Morgan Private Bank U.S. (2024)

KEY RISKS

This material is for informational purposes only, and may inform you of certain products and services offered by J.P. Morgan’s wealth management businesses, part of JPMorgan Chase & Co. (“JPM”). Products and services described, as well as associated fees, charges and interest rates, are subject to change in accordance with the applicable account agreements and may differ among geographic locations. Not all products and services are offered at all locations. If you are a person with a disability and need additional support accessing this material, please contact your J.P. Morgan team or email us ataccessibility.support@jpmorgan.comfor assistance.Please read all Important Information.

GENERAL RISKS & CONSIDERATIONS

Any views, strategies or products discussed in this material may not be appropriate for all individuals and are subject to risks.Investors may get back less than they invested, and past performance is not a reliable indicator of future results.Asset allocation does not guarantee a profit or protect against loss. Nothing in this material should be relied upon in isolation for the purpose of making an investment decision. You are urged to consider carefully whether the services, products, asset classes (e.g., equities, fixed income, alternative investments, commodities, etc.) or strategies discussed are suitable to your needs. You must also consider the objectives, risks, charges and expenses associated with an investment service, product or strategy prior to making an investment decision. For this and more complete information, including discussion of your goals/situation, contact your J.P. Morgan team.

NON-RELIANCE

Certain information contained in this material is believed to be reliable; however, JPM does not represent or warrant its accuracy, reliability or completeness, or accept any liability for any loss or damage (whether direct or indirect) arising out of the use of all or any part of this material. No representation or warranty should be made with regard to any computations, graphs, tables, diagrams or commentary in this material, which are provided for illustration/reference purposes only. The views, opinions, estimates and strategies expressed in this material constitute our judgment based on current market conditions and are subject to change without notice. JPM assumes no duty to update any information in this material in the event that such information changes. Views, opinions, estimates and strategies expressed herein may differ from those expressed by other areas of JPM, or views expressed for other purposes or in other contexts;this material should not be regarded as a research report. Any projected results and risks are based solely on hypothetical examples cited, and actual results and risks will vary depending on specific circ*mstances. Forward-looking statements should not be considered as guarantees or predictions of future events.

Nothing in this document shall be construed as giving rise to any duty of care owed to, or advisory relationship with, you or any third party. Nothing in this document shall be regarded as an offer, solicitation, recommendation or advice (whether financial, accounting, legal, tax or other) given by J.P. Morgan and/or its officers or employees, irrespective of whether or not such communication was given at your request. J.P. Morgan and its affiliates and employees do not provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any financial transactions.

LEGAL ENTITY, BRAND & REGULATORY INFORMATION

In theUnited States, bank deposit accounts and related services, such as checking, savings and bank lending, are offered byJPMorgan Chase Bank, N.A.Member FDIC.

JPMorgan Chase Bank, N.A.and its affiliates (collectively“JPMCB”) offer investment products, which may include bank-managed investment accounts and custody, as part of its trust and fiduciary services. Other investment products and services, such as brokerage and advisory accounts, are offered throughJ.P. Morgan Securities LLC (“JPMS”), a member of FINRA and SIPC. Annuities are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. JPMCB, JPMS and CIA are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states.

References to “J.P. Morgan” are to JPM, its subsidiaries and affiliates worldwide. “J.P. Morgan Private Bank” is the brand name for the private banking business conducted by JPM.

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Estate planning in different market environments | J.P. Morgan Private Bank U.S. (2024)

FAQs

How much money do you need for JP Morgan Private Bank? ›

JP Morgan private bank minimum requirement is $10 million. Chase private bank minimum requirement is an average beginning day balance of $150,000 or more.

Is JP Morgan Private Bank a fiduciary? ›

JPMorgan Chase Bank, N.A. and its affiliates (collectively “JPMCB”) offer investment products, which may include bank-managed investment accounts and custody, as part of its trust and fiduciary services.

What is the minimum balance for J.P. Morgan? ›

An initial minimum deposit of $500 and a minimum balance of $250 is required to maintain a J.P. Morgan Automated Investing account. The initial minimum deposit amount must be made within 60 days.

Is JP Morgan Private Bank the same as Chase? ›

J.P. Morgan Private Bank (JPMorgan PB) is a global private banking division of JPMorgan Chase& Co. It offers investment advisory, planning, and management, discretionary and non-discretionary portfolio management, and other supportive services.

How much does a VP at JP Morgan private bank make? ›

The average Vice President Private Banker base salary at J.P. Morgan is $166K per year.

How much does a JP Morgan private bank advisor charge? ›

J.P. Morgan Personal Advisors charges between 0.40% and 0.60% of your assets under management annually. It's 0.60% for portfolios below $250,000, 0.50% for portfolios between $250,000 to $1 million, and 0.40% for portfolios over $1 million.

How much money do you need for Morgan Stanley Private Bank? ›

There's no minimum deposit requirement. Morgan Stanley Private Bank offers enhanced FDIC coverage. The yield is competitive.

Are J.P. Morgan private client advisors worth it? ›

J.P. Morgan Personal Advisors also offers low account management fees that start at 0.6%. While J.P. Morgan Personal Advisors fees are better than most advisory services reviewed by NerdWallet, they still trail behind Vanguard and Betterment Premium.

Is JP Morgan Private Bank prestigious? ›

J.P. Morgan Private Bank is named 2024's “World's Best Private Bank” for the fifth year in a row. For its ninth annual World's Best Private Banks Awards, Global Finance Magazine ranked J.P. Morgan Private Bank* first overall.

What is the minimum assets for private banking? ›

What is a private banking account? A private banking account is typically an account or combination of accounts that total at least $1 million in assets. Due to the unique needs of these high-net-worth individuals, financial institutions offer a range of financial services in one location, called a private bank.

How much money do you have to have to invest with J.P. Morgan? ›

In most cases, you may open a J.P. Morgan account with as little as $1,000.

How much money do you need for Wells Fargo Private Bank? ›

The Private Bank CD requires a $500,000 minimum opening deposit and a minimum of $500,000 in money new to Wells Fargo. Funds new to Wells Fargo must be from sources outside of Wells Fargo Bank, N.A., or its affiliates. Maximum deposit allowed per client in one or multiple The Private Bank CDs is $25,000,000.

Is JP Morgan Private Bank safe? ›

Euromoney names J.P. Morgan “World's Best Private Bank"

For the third year in a row, J.P. Morgan received this accolade that reflects the bank's unwavering commitment to delivering exceptional client service.

Are private banks worth it? ›

If you're a high-net-worth individual, choosing private banking can help you save money on loan interest rates and bank account fees, earn more on your deposit accounts, and get access to special offerings. You only pay for extra services.

How to qualify for J.P. Morgan private client? ›

What types of clients are serviced by J.P. Morgan Private Client? Typically, our Relationship Managers serve clients with $750,000 or more in deposits and/or investment balances with J.P. Morgan Chase.

What is the minimum for Chase Private Banking? ›

There is a $35 Monthly Service Fee for Chase Private Client Checking OR $0 when you have at least one of the following each statement period: an average beginning day balance of $150,000 or more in any combination of this account and linked qualifying (a) deposits / (b) investments OR, a linked Chase Platinum Business ...

How much money do I need for private banking? ›

A private banking account is typically an account or combination of accounts that total at least $1 million in assets. Due to the unique needs of these high-net-worth individuals, financial institutions offer a range of financial services in one location, called a private bank.

What is the minimum for J.P. Morgan? ›

In most cases, you may open a J.P. Morgan account with as little as $1,000. You may purchase shares of any of the J.P. Morgan Funds, except the tax-exempt funds, for an Individual Retirement Account including an IRA Rollover or other retirement account.

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