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Updated September 18, 2026. Quick answer: J.P. Morgan Private Bank discloses a maximum, individually negotiated rate of 2.0% in its Form ADV Part 2A Appendix 1, Wrap Fee Program Brochure, J.P. Morgan Securities LLC (Portfolio Advisor / Portfolio Manager / Strategic Investment Services / Customized Bond Portfolios / Unified Managed Account / Investment Counseling Service / J.P. Morgan Core Advisory Portfolio Programs) (June 30, 2026). Converted to dollars, that runs $10,000 a year on a $500,000 account; see the full table below for $250,000, $1 million and $2 million.
The published numbers
From the Form ADV Part 2A Appendix 1, Wrap Fee Program Brochure, J.P. Morgan Securities LLC (June 30, 2026): “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%, Certain strategies in STRATIS managed by affiliates of JPMS, which may have a lower maximum annual rate for JPMS’ component of the Fee of 2.00%. (For example, JPMPI Liquidity Management Strategy is offered in STRATIS as part of the Multi-Manager Strategies for which the maximum annual rate for JPMS’ component is 0.40%.)”
The published maximum: 2.0% per year ({‘Customized Bond Portfolios Program (CBP)’: ‘0.70%’, ‘JPMPI Liquidity Management Strategy within STRATIS’: ‘0.40%’}).
What you would pay
| Account balance | Annual fee (dollars) | Effective rate |
|---|---|---|
| $250,000 | $5,000 | 2.00% |
| $500,000 | $10,000 | 2.00% |
| $1,000,000 | $20,000 | 2.00% |
| $2,000,000 | $40,000 | 2.00% |
Ceiling type: dollar_at = balance x 0.02 (the 2.00% maximum annual rate for JPMS’ component of the Fee, which applies to the flagship separately-managed-account/UMA programs, i.e. Portfolio Manager Program) at each balance: 250000->5000, 500000->10000, 1000000->20000, 2000000->40000. This excludes any separate Portfolio Manager/Model Portfolio Provider component fee (e.g. up to 0.75% for STRATIS managers), analogous to excluding underlying fund expense ratios. IMPORTANT PROVENANCE NOTE: ‘J.P. Morgan Private Bank’ has no distinct SEC registration of its own – verified via api.adviserinfo.sec.gov/search/firm (‘J.P. Morgan Private Bank’ resolves only to CRD 79 J.P. Morgan Securities LLC and CRD 110186 J.P. Morgan Private Investments Inc., a sub-adviser used inside JPMS’s wrap programs, not a standalone fee-charging RIA). Private Bank’s securities-based advisory/wrap activity is conducted under CRD 79. JPMS runs at least two parallel wrap-fee brochures for different channels: this one (hosted at jpmorgan.com/adv, serving clients through ‘Wealth Advisors’/’Wealth Partners’) versus a separate Chase-branded retail brochure (hosted at chase.com/managed-account-disclosures, covering Chase Strategic Portfolio / Mutual Fund Advisory Portfolio / Advisory Program / Fixed Income Advisory Program). The jpmorgan.com/adv brochure cited here is the higher-touch, non-Chase-retail channel and is the closest identifiable primary-source fee ceiling for Private Bank-referred JPMS advisory accounts; no document found states a fee schedule under the label ‘J.P. Morgan Private Bank’ verbatim.
How this compares
Our benchmark of published adviser fee schedules puts the weighted median annual cost near $2,000 to $2,500 on $250,000 (the benchmark). At $500,000, J.P. Morgan Private Bank’s own published maximum rate runs up to $10,000 a year.
Comparing J.P. Morgan Private Bank against a full move? Read the general mechanics of switching financial advisors, or use a dated termination letter once you decide.
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- Form ADV Part 2A Appendix 1, Wrap Fee Program Brochure, J.P. Morgan Securities LLC (Portfolio Advisor / Portfolio Manager / Strategic Investment Services / Customized Bond Portfolios / Unified Managed Account / Investment Counseling Service / J.P. Morgan Core Advisory Portfolio Programs) (June 30, 2026): https://www.jpmorgan.com/content/dam/jpm/securities/documents/adv/jpma-wrap-fee-program-brochure.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 on J.P. Morgan Private Bank’s own SEC-filed disclosure and, where cited, its published fee schedule, with sources linked above; any figure 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. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
Is J.P. Morgan Private Bank a fiduciary? See what its own Form CRS says, and how that compares to what you would pay.
What does it take to open an account? See J.P. Morgan Private Bank’s minimum investment, straight from its own Form ADV Part 2A brochure.
Weighing whether to move ahead? Read the full J.P. Morgan Private Bank review, including its fiduciary status and what it costs to leave.
Comparing J.P. Morgan Private Bank against other options? See J.P. Morgan Private Bank alternatives, including a flat-fee route and a robo/hybrid, plus a lower-fee full-service firm.