Guides › Financial Advisor Fees
Updated September 18, 2026. Quick answer: J.P. Morgan Advisors is registered with the SEC as both a broker-dealer and an investment adviser. Per its own current fee brochure, a $500,000 account would run up to $10,000 a year (the published maximum) under its published fee schedule; the minimum to open an account is $10,000 for Portfolio Advisor (PA) and Portfolio Manager (PM). Already a client and thinking about leaving? Budget $95 to transfer or terminate. Is it a fiduciary? Yes, when it is acting as your investment adviser; when the same representative acts as your broker-dealer instead, the applicable standard is best-interest, not fiduciary, and its own Form CRS states representatives can earn commissions in that capacity.
Are J.P. Morgan advisors fiduciaries?
Yes, when J.P. Morgan Advisors is acting as your investment adviser. When the same representative acts as your broker-dealer instead, the applicable standard is best-interest, not fiduciary.
J.P. Morgan Advisors at a glance
| Fact | What J.P. Morgan Advisors’ own pages say |
|---|---|
| Legal entity | J.P. Morgan Securities LLC |
| Registration | J.P. Morgan Securities LLC (JPMS) is a broker-dealer registered with Securities and Exchange Commission (SEC). We are also registered with the SEC as an investment adviser. |
| Fee on a $500,000 account | Up to $10,000 a year (the published maximum), per its own current brochure |
| Minimum to open an account | $10,000 for Portfolio Advisor (PA) and Portfolio Manager (PM) |
| Cost to leave (exit fee) | $95 to transfer or terminate |
What J.P. Morgan Advisors’ own fee schedule charges
“The maximum annual rate for JPMS’ component of the Fee is 2.00% for all Programs except for: CBP, which has a maximum annual rate for JPMS’ component of the Fee of 0.70%.”
J.P. Morgan Advisors discloses a flat 2.00% maximum JPMS-component rate for its main programs (Portfolio Advisor, Portfolio Manager, STRATIS, UMA, ICS), not a public breakpoint table. In STRATIS strategies, an additional Portfolio Manager fee (up to 0.75%) and Model Portfolio Provider fee (up to 0.38%) can stack on top of the 2.00%, and the smaller Customized Bond Portfolios program caps at 0.70% instead.
| Account balance | Annual fee |
|---|---|
| $250,000 | $5,000 |
| $500,000 | $10,000 |
| $1,000,000 | $20,000 |
| $2,000,000 | $40,000 |
See the full breakdown, including how the figure is calculated, on J.P. Morgan Advisors’ own fee page.
Is J.P. Morgan Advisors a fiduciary?
J.P. Morgan Securities LLC (JPMS) is a broker-dealer registered with Securities and Exchange Commission (SEC). We are also registered with the SEC as an investment adviser.
“Full-service accounts: … You’ll receive investment recommendations, made in your best interest and based on information you share about your investing goals, needs and preferences.”
This fee may be in addition to (a “commission”) or included in (a “mark-up/mark-down”) the price you pay for the investment itself.
Full detail, including the exact registration type and source: J.P. Morgan Advisors’ fiduciary status, explained.
The minimum to open an account
“Certain Programs require the client to maintain a minimum amount of assets for opening an account in that Program. … The minimum account size typically required in the Programs are listed below. … (a) PA and PM $10,000”
$10,000 for Portfolio Advisor (PA) and Portfolio Manager (PM). See the full minimum-investment breakdown, including what that minimum would cost per year, on J.P. Morgan Advisors’ minimum investment page.
What it costs to leave
Whether the account is Chase-branded advised or J.P. Morgan Self-Directed, the published exit price is $95 to transfer or terminate a non-retirement account, and $95 again to terminate an IRA (plus a $75 annual IRA maintenance fee on the self-directed side).
Full mechanics, sources, and the ACATS transfer process: how to leave J.P. Morgan Advisors.
What we would compare it against
Before you decide, run the numbers against another firm using the financial advisor fee comparison, or price the dollar cost of any percentage fee over time with the Financial Advisor Fee Calculator and the Fee Drag Calculator.
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Source: WiserAdvisor’s service descriptionSources
- J.P. Morgan Securities LLC Wrap Fee Program Brochure, Form ADV Part 2A Appendix 1 (June 30, 2026): https://www.jpmorgan.com/content/dam/jpm/securities/documents/adv/jpma-wrap-fee-program-brochure.pdf
- Form CRS (Client Relationship Summary) (June 2025): https://reports.adviserinfo.sec.gov/crs/crs_79.pdf
- SEC Investment Adviser Public Disclosure, J.P. Morgan Securities LLC (CRD #79): https://adviserinfo.sec.gov/firm/summary/79
- J.P. Morgan Securities LLC, SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/79/PDF/79.pdf
Methodology. This page was built September 18, 2026, drawing directly on J.P. Morgan Advisors’ own current fee brochure and Form CRS, both linked above, plus this site’s own already-published fiduciary, minimum-investment, and (where one exists) how-to-leave pages for the same firm, each independently sourced when it was built. Any distinction we could not independently confirm this session is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading J.P. Morgan Advisors’ own Form ADV Part 2A and Form CRS. We have not used J.P. Morgan Advisors as a client. J.P. Morgan Advisors did not pay for, review, or influence this content. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
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