Guides › Financial Advisor Fees
Updated September 18, 2026. Quick answer: $10,000 for Portfolio Advisor (PA) and Portfolio Manager (PM). J.P. Morgan Advisors’ own Form ADV Part 2A brochure states this figure directly, though the firm can waive or reduce it at its own discretion. At that minimum, J.P. Morgan Advisors’ own published fee schedule works out to $200 a year.
The minimum, in the firm’s own words
“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”
On waivability: “JPMS may, in its discretion, waive or reduce the minimum account opening size for certain clients or accounts. If a Program account falls below the Program minimum, JPMS can terminate the Program account at its discretion.”
Minimum investment and what it would cost
| Program | Minimum investment | Annual fee at that minimum | Waivable? |
|---|---|---|---|
| Portfolio Advisor (PA) and Portfolio Manager (PM) | $10,000 | $200 | Yes, at the firm’s discretion |
| Source: J.P. Morgan Securities LLC Wrap Fee Program Brochure, Form ADV Part 2A Appendix 1, June 30, 2026 | |||
Applies the disclosed flat 2.00% maximum JPMS-component rate to the $10,000 PA/PM minimum.
J.P. Morgan Advisors’s own fee schedule at other balances
| Account balance | Annual fee |
|---|---|
| $250,000 | $5,000 |
| $500,000 | $10,000 |
| $1,000,000 | $20,000 |
| $2,000,000 | $40,000 |
What else to know
J.P. Morgan Advisors offers several programs with different minimums: Portfolio Advisor and Portfolio Manager (used here) start at $10,000, while its Endowments & Foundations strategy requires up to $1,000,000.
What a larger account would cost
The minimum is only the entry point. On a $500,000 account, J.P. Morgan Advisors’ own published fee schedule runs up to $10,000 a year (the published maximum); see the full dollar breakdown from J.P. Morgan Advisors’ own fee disclosure across several account sizes.
Already a client and thinking about the minimum a different way, like whether you could get a better deal elsewhere? See what it costs to leave J.P. Morgan Advisors, or read the general mechanics of switching financial advisors.
Compare your next step
Just comparing fees? Keep reading the fee guide.Optional next step
Explore an adviser match
Compare the services and the full fee before deciding whether to hire anyone.
- No fee to request a match
- No obligation to hire
Expect questions about your situation, your name, email and phone, and phone verification by text. A match is not guaranteed.
The form is run by Kapitalwise, our advisor-matching partner. Kapitalwise sends your details to advisers who pay for the introduction, so expect calls and texts. Clear Money Guide is paid when you submit the form, whether or not you ever hire anyone. This is free to you and there is no obligation to hire anyone.
Opens here. Nothing loads and nothing reaches Kapitalwise until you press the button.
How our partner relationships workCompare an adviser match before you decide
Ask about the full fee, what it covers and how the adviser is paid. A match is an introduction, not a recommendation from Clear Money Guide.
- Free matching service
- No obligation to hire
The matching service is run by WiserAdvisor, an independent advisor-matching company. It opens on their site, asks for your ZIP code and a few questions, and matches you with 2 to 3 vetted advisors. It is free to you. WiserAdvisor states the service is built for portfolios of $250,000 and above. By submitting, you consent to emails, phone calls and text messages from WiserAdvisor and up to three advisors, so expect to be contacted. Advisers pay for the introduction. Clear Money Guide is paid when you complete the form, whether or not you ever hire anyone. There is no obligation to hire anyone.
Continue to WiserAdvisorOpens on WiserAdvisor’s site in a new tab.
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
- 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, quoting directly from J.P. Morgan Advisors’ own current Form ADV Part 2A / wrap-fee brochure, with the source linked above. The annual-fee-at-the-minimum figure applies that same brochure’s own published fee schedule to the disclosed minimum dollar amount; 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 the firm’s own Form ADV Part 2A. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
Weighing whether to move ahead? Read the full J.P. Morgan Advisors review, including its fiduciary status and what it costs to leave.
Comparing J.P. Morgan Advisors against other options? See J.P. Morgan Advisors alternatives, including a lower-fee full-service firm, a flat-fee route, and a robo/hybrid.
How much do you need to open an account? Compare the minimum investment at 128 advisory firms, each taken from the firm’s own Form ADV Part 2A brochure.