JP Morgan Wealth Management, a business of US-based investment bank JPMorgan Chase & Co., has launched a free digital money coach, dubbed Wealth Plan.
Wealth Plan provides its clients with a complete view of their finances and serves as a single platform to plan, save, and invest.
The company is offering its new product to all its 62 million digitally-active customers free of cost, through its Chase Mobile app and website.
JP Morgan US Wealth Management CEO Kristin Lemkau said: “Wealth Plan will be available for free to all customers inside the Chase app.
“This allows customers to see their savings and spending, and then set up their goals, like retirement, college savings or a vacation.
“They can explore options for how much they should save or invest to achieve that goal over time. We think it’s one of the best tools available and people will love it.”
Wealth Plan allows its users to get a complete view of their finances, create and track their goals in real-time, and receive personalised guidance.
It shows them how their current spending or savings could impact their financial future, and provides a one-on-one video meeting opportunity with a JP Morgan financial advisor.
The digital money coach offers the clients’ monthly, quarterly, or annual earnings, compares them to spending categories, and provides a view of their total assets and debt.
Furthermore, Wealth Plan also offers suggestions and educational content, said the company.
JP Morgan Wealth Management digital planning and advice head Sam Palmer said: “Wealth Plan lets clients take control of their finances and interact with us however they choose, which increasingly is digitally.
“And if they want to speak with an advisor, they can schedule a meeting right in the Chase app, and easily share their goals to have a meaningful conversation from day one.”
JP Morgan Wealth Management offers investment products and services through J.P. Morgan Securities (JPMS), a registered broker-dealer and investment adviser.
