Self-Directed Investment Account Welcome Center (2024)

FAQs

How do I open a self-directed investment account? ›

For DIY investors, self-directed investing allows you to trade stocks, mutual funds, exchange-traded funds (ETFs) ¹ and options, directly online.

J.P. Morgan Self-Directed Investing is an online investing platform where you can invest in stocks, options, mutual funds, ETFs and many fixed-income securities, including U.S. Treasury securities, brokered certificates of deposit (CDs) and bonds. Taxable brokerage accounts are available both individually and jointly.

If you have questions, you can call us at 1-800-392-5749, Monday-Friday 8 AM – 9 PM and Saturday 9 AM – 5 PM ET.

The use of an LLC is not required when creating and using a Self-Directed IRA but the advantages should definitely be considered when determining the best type of account structure for your individual needs.

Set Up Fee

This fee can range from $50 to $300 depending on the custodian or provider. It can also vary depending on your investment types. Providers that create IRA LLCs for checkbook control are usually higher in cost.

Let me start with the good news: J.P. Morgan Self-Directed Investing is considered a legit and trustworthy broker, where your money is in good hands, and you can withdraw it whenever you want to.

Cons of a Self-Directed IRA

That's something you don't typically face with a standard IRA holding stocks, bonds or funds. Additionally, there's a higher potential for fraud or misuse of funds without proper due diligence, and the lack of professional guidance could lead to risky investment decisions.

Some of the advantages of self-directed investing include: Total control over how and when your money gets invested. Access to a wider range of investments, such as derivatives, futures, crypto, and more. Lower costs because you don't have to pay management or advisory fees.

J.P. Morgan offers a variety of accounts to meet your specific needs. In most cases, you may open a J.P. Morgan account with as little as $1,000.

How much money do you need for J.P. Morgan Private Bank? ›

For example, the Bank of America private bank minimum requirement is $10 million. The minimum requirement to open a private banking account with HSBC in the US is $5 million, while the minimum for banks like JP Morgan is $10 million.

In response, a growing number of 401(k)s are offering what is commonly referred to as a “self-directed account” or “brokerage window.” These allow participants to use their tax-qualified retirement savings to trade stocks, bonds or mutual funds as often as they want to within few, if any, limits set by the plan.

Help grow your wealth with a brokerage account. Conveniently invest in stocks, ETFs and mutual funds with brokerage fees starting at $0.

First Savings Bank is one of a few banks that offer Self Directed Custodial Individual Retirement Accounts (IRAs) that allow you control over your future. Real Estate-Backed Investments Eligible to be Held in the IRA: First and second trust deeds. Rental property.

Some of the advantages of self-directed investing include: Total control over how and when your money gets invested. Access to a wider range of investments, such as derivatives, futures, crypto, and more. Lower costs because you don't have to pay management or advisory fees.

Many brokerages don't have minimum starting deposits or ongoing balance requirements. That means you could open a brokerage account and start investing with whatever funds you have—whether that's $100 or $1,000.