Wealth Plan, a free digital money coach that gives customers a complete picture of their finances and assists them in planning, saving, and investing all in one spot, was launched by J.P. Morgan Wealth Management today. The 62 million Chase customers who are digitally active will be able to access the experience for free on both the highly rated Chase Mobile app and Chase.com.
According to Kristin Lemkau, CEO of J.P. Morgan U.S. Wealth Management, “Wealth Plan will be offered for free to all consumers inside the Chase app.” “Customers can use this to track their spending and saves so they can create goals for things like retirement, college savings, or vacations. They can consider several possibilities for how much they ought to invest or save in order to gradually reach that objective. It’s one of the best tools out there, in our opinion, and people will adore it.”
Customers of Wealth Plan can:
In the J.D. Power 2022 U.S. Wealth Management Digital Experience Study, J.P. Morgan Wealth Management received the highest score for customer satisfaction with wealth management digital channels.
Users using goal simulators can set, assess, and revise their goals after imagining the future they want. Customers can simulate make changes to their financial decisions to understand how they might be affected by changes.
By clicking on the ‘Plan & Track’ tab on the Chase app and Chase.com, clients will be able to access several features to help inform their financial decisions:
Wealth Plan will make recommendations and provide instructional content throughout the experience to aid users in moving closer to their objectives.
Sam Palmer, Head of Digital Planning & Advice at J.P. Morgan Wealth Management, stated that “Wealth Plan allows clients take control of their money and communicate with us however they prefer, which is increasingly digitally.” Additionally, individuals may quickly discuss their goals to start off a meaningful conversation with an advisor by scheduling a meeting through the Chase app.
While J.P. Morgan Wealth Plan forecasts are speculative and may not represent future investment performance, customers can see how they are progressing towards their goals and how current events may effect them. For clients to plan and invest, J.P. Morgan Wealth Management provides a full range of services and products. They can invest digitally online, remotely with an advisor via phone or video, or in-person at a workplace or nearby Chase branch.
J.P. Morgan Wealth Management introduced Personal Advisors last month to offer guidance remotely. Customers of Personal Advisors are exempt from paying advisory fees for a period of six months.
- To assist clients in making wise financial decisions, J.P. Morgan introduced digital money coach
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