JP Morgan Creates Robo-Advisor

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Topic Author
tj
Posts: 2432
Joined: Thu Dec 24, 2009 12:10 am

JP Morgan Creates Robo-Advisor

Post by tj » Wed Jul 10, 2019 6:33 pm

https://www.cnbc.com/2019/07/10/jpmorga ... -etfs.html

35 bps Annual Fee, but the ETF's evidently have all fees waives. So this is very similar to Fidelity Go.

https://www.chase.com/personal/investme ... portfolios

Tdubs
Posts: 603
Joined: Tue Apr 24, 2018 7:50 pm

Re: JP Morgan Creates Robo-Advisor

Post by Tdubs » Wed Jul 10, 2019 6:53 pm

tj wrote:
Wed Jul 10, 2019 6:33 pm
https://www.cnbc.com/2019/07/10/jpmorga ... -etfs.html

35 bps Annual Fee, but the ETF's evidently have all fees waives. So this is very similar to Fidelity Go.

https://www.chase.com/personal/investme ... portfolios
Did you find a link to the funds used in the four portfolios? That was information that was oddly hard to find. When they say all "fees" waived, whatat expenses are paid by the investor? The fine print had this statement: "All funds have various internal fees and other expenses, that are paid by managers or issuers of the funds or by the fund itself, but that ultimately are borne by the investor."

What does that mean for the funds used by Morgan?

Topic Author
tj
Posts: 2432
Joined: Thu Dec 24, 2009 12:10 am

Re: JP Morgan Creates Robo-Advisor

Post by tj » Wed Jul 10, 2019 7:05 pm

Tdubs wrote:
Wed Jul 10, 2019 6:53 pm
tj wrote:
Wed Jul 10, 2019 6:33 pm
https://www.cnbc.com/2019/07/10/jpmorga ... -etfs.html

35 bps Annual Fee, but the ETF's evidently have all fees waives. So this is very similar to Fidelity Go.

https://www.chase.com/personal/investme ... portfolios
Did you find a link to the funds used in the four portfolios? That was information that was oddly hard to find. When they say all "fees" waived, whatat expenses are paid by the investor? The fine print had this statement: "All funds have various internal fees and other expenses, that are paid by managers or issuers of the funds or by the fund itself, but that ultimately are borne by the investor."

What does that mean for the funds used by Morgan?
When I took the questionnaire, it showed all of the ETFs underneath the pie chart there was a see details link. The literature says they will credit all the etf fees to the account, it's just 35 bps aum. They are all jp Morgan branded ETFs. Domestic was a broad market fund. Internal was split into Europe, emerging, Japan and Asia ex japan. There were a few bond ETFs also.

Topic Author
tj
Posts: 2432
Joined: Thu Dec 24, 2009 12:10 am

Re: JP Morgan Creates Robo-Advisor

Post by tj » Wed Jul 10, 2019 7:10 pm

The most aggressive allocation was:


US Large Cap Equity 50.00% BBUS JPMorgan BetaBuilders U.S. Equity ETF
International Equity 40.00%

Emerging Market Equity
11.00% JPEM JPMorgan Diversified Return Emerging Markets Equity ETF

Asia ex Japan Equity
3.50% BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF

European Large Cap Equity
18.50% BBEU JPMorgan BetaBuilders Europe ETF

Japanese Large Cap Equity
7.00% BBJP JPMorgan BetaBuilders Japan ETF

Core Fixed Income
US Short-Term Bonds
1.00% BBSA JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF

US Aggregate Bonds
5.00% JAGG JPMorgan U.S. Aggregate Bond ETF

US Aggregate Bonds 2
2.00% JCPBJPMorgan Core Plus Bond ETF
Cash
2.00%

Tdubs
Posts: 603
Joined: Tue Apr 24, 2018 7:50 pm

Re: JP Morgan Creates Robo-Advisor

Post by Tdubs » Wed Jul 10, 2019 7:13 pm

tj wrote:
Wed Jul 10, 2019 7:05 pm
Tdubs wrote:
Wed Jul 10, 2019 6:53 pm
tj wrote:
Wed Jul 10, 2019 6:33 pm
https://www.cnbc.com/2019/07/10/jpmorga ... -etfs.html

35 bps Annual Fee, but the ETF's evidently have all fees waives. So this is very similar to Fidelity Go.

https://www.chase.com/personal/investme ... portfolios
Did you find a link to the funds used in the four portfolios? That was information that was oddly hard to find. When they say all "fees" waived, whatat expenses are paid by the investor? The fine print had this statement: "All funds have various internal fees and other expenses, that are paid by managers or issuers of the funds or by the fund itself, but that ultimately are borne by the investor."

What does that mean for the funds used by Morgan?
When I took the questionnaire, it showed all of the ETFs underneath the pie chart there was a see details link. The literature says they will credit all the etf fees to the account, it's just 35 bps aum. They are all jp Morgan branded ETFs. Domestic was a broad market fund. Internal was split into Europe, emerging, Japan and Asia ex japan. There were a few bond ETFs also.
Yeah, I figured I might have to start the setup process to find out. But appears that there isn't any hidden "other" expense category that they aren't admitting to up front? The 35 bps is it?

Topic Author
tj
Posts: 2432
Joined: Thu Dec 24, 2009 12:10 am

Re: JP Morgan Creates Robo-Advisor

Post by tj » Wed Jul 10, 2019 7:27 pm

Tdubs wrote:
Wed Jul 10, 2019 7:13 pm
tj wrote:
Wed Jul 10, 2019 7:05 pm
Tdubs wrote:
Wed Jul 10, 2019 6:53 pm
tj wrote:
Wed Jul 10, 2019 6:33 pm
https://www.cnbc.com/2019/07/10/jpmorga ... -etfs.html

35 bps Annual Fee, but the ETF's evidently have all fees waives. So this is very similar to Fidelity Go.

https://www.chase.com/personal/investme ... portfolios
Did you find a link to the funds used in the four portfolios? That was information that was oddly hard to find. When they say all "fees" waived, whatat expenses are paid by the investor? The fine print had this statement: "All funds have various internal fees and other expenses, that are paid by managers or issuers of the funds or by the fund itself, but that ultimately are borne by the investor."

What does that mean for the funds used by Morgan?
When I took the questionnaire, it showed all of the ETFs underneath the pie chart there was a see details link. The literature says they will credit all the etf fees to the account, it's just 35 bps aum. They are all jp Morgan branded ETFs. Domestic was a broad market fund. Internal was split into Europe, emerging, Japan and Asia ex japan. There were a few bond ETFs also.
Yeah, I figured I might have to start the setup process to find out. But appears that there isn't any hidden "other" expense category that they aren't admitting to up front? The 35 bps is it?
Seems to be.
Effective July 1, 2019, an annual advisory fee of 0.35% (subject to applicable discounts, promotions, adjustments, or waivers) will be charged based on the assets held in the account. The advisory fee does not include underlying fees and expenses charged by the ETFs in your account. Each ETF charges these fees and expenses to all shareholders (ETF fees and expenses will vary; please refer to the ETF prospectuses). However, for J.P. Morgan ETFs held in a You Invest Portfolios account, the underlying J.P. Morgan ETF expenses that are paid to J.P. Morgan will be rebated or offset against the advisory account fee. For additional fee details, see the J.P. Morgan You Invest Portfolios program disclosure brochures.

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