Latest news with #PaulVienick
Business Wire
10 hours ago
- Business
- Business Wire
J.P. Morgan Unveils New Features, Fixed Income Experience for Retail Investors
NEW YORK--(BUSINESS WIRE)--J.P. Morgan revealed a wave of new features including a cutting-edge fixed income experience on the J.P. Morgan Self-Directed Investing platform. The enhancements make it easier for investors to explore and invest in corporate bonds, Treasuries and more. By simply logging into the Chase mobile app or investors can now access user-friendly tools that simplify the process of finding and trading fixed income products. Here's what's new: Yield Comparison Table: Investors can quickly see and compare yields across fixed income products and filter them by preferred timeframe. Customizable Screeners: New filter options help investors find Treasuries, corporate bonds, municipal bonds and brokered CDs that match their criteria with just a few clicks. The screeners can also be saved to use in the future. Streamlined Trade Ticket: Trade faster and more efficiently with fewer steps and a quick view of yields. Investors can also see the smallest and largest number of bonds they can buy at a specific price. Contextual guides are especially helpful for those new to fixed income. 'Fixed income investments are a key part of a diversified portfolio, helping to balance stock market volatility and providing consistent income through regular interest payments,' said Paul Vienick, Head of Online Investing at J.P. Morgan Wealth Management. 'We have built an easy-to-navigate experience for fixed income that will feel familiar to stock investors. But what really sets us apart is that we are offering it both on desktop and on the Chase mobile app.' Today's rollout is part of J.P. Morgan's ongoing commitment to make J.P. Morgan Self-Directed Investing the best online brokerage experience for Chase customers to grow their wealth. In the past year, the firm has introduced fractional shares for over 3,000 stocks and ETFs, tools to compare portfolio performance against major indices, ideas to help clients identify investing opportunities, trust accounts and new investment choices, including margin trading and leveraged, inverse and volatility ETFs. Clients considering retirement account rollover options can also connect with J.P. Morgan's retirement desk, which gives them access to a retirement specialist that can answer in-depth questions and walk them through the process of a rollover or funding a retirement brokerage account. 'We are thrilled about the future and the continuous improvements we are making to empower our clients,' said Andrea Finan, Head of J.P. Morgan Self-Directed Investing. 'These new features are just the beginning. We encourage clients to watch this space as we continue to innovate and elevate the investing experience.' The platform has been recognized as a leader in the industry, ranking #1 in J.D. Power's Wealth Management Digital Experience Study for both Self-Directed and Full-Service investors. It was also named Best-in-Class for Retirement Accounts and Bank Brokerages by J.P. Morgan Self-Directed Investing customers can open an account in a few quick steps and invest on-the-go. New customers can earn up to $700 when they open and fund an eligible account with qualifying new money. All customers have access to thousands of investments. For more information about J.P. Morgan Self-Directed Investing and the new features, please visit J.P. Morgan Wealth Management received the highest score in the 2022 U.S. Wealth Management Digital Experience Study and the Self-Directed Investors segment of the J.D. Power 2023 & 2024 studies of customers' overall satisfaction with wealth management websites and mobile apps (Published 11/21/24, data as of 8/23/24). Ratings may not guarantee future success or results. Fee paid to publisher for advertisement materials after ranking announced. Visit for more details. Annual Awards winners (Published 28 January 2025) are selected by editorial team, who evaluated the nominations based on measurable, data-driven criteria. Companies do not pay a fee to be considered for the awards. Study conducted between September 2024 - November 2024. For more information, visit About J.P. Morgan Wealth Management J.P. Morgan Wealth Management is the U.S. wealth management business of JPMorgan Chase & Co., a leading global financial services firm with assets of $4.4 trillion and operations worldwide. J.P. Morgan Wealth Management has ~5,800 advisors and $1 trillion of assets under supervision. Clients can choose how and where they want to invest. They can do it digitally, remotely or in person by meeting with an advisor in one of our nearly 5,000 Chase branches throughout the U.S., or in one of our offices. For more information, go to and follow J.P. Morgan Wealth Management on LinkedIn. J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment adviser, member FINRA and SIPC. Insurance products are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. Certain custody and other services are provided by JPMorgan Chase Bank, N.A. (JPMCB). JPMS, CIA and JPMCB are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states. © 2025 JPMorgan Chase & Co.
CNBC
10 hours ago
- Business
- CNBC
JPMorgan Chase beefs up mobile app with bond trading as bank targets $1 trillion in assets
Once a laggard in the online investing game, JPMorgan Chase now believes it is a leader. The bank on Friday is set to unveil new tools that allow investors to research and purchase bonds and brokered CDs through its mobile app, CNBC is first to report. Users can set up customized screens and compare bond yields on the same banking app or web portal that they use to check their account balances, according to JPMorgan executives. The moves are part of a concerted effort to beef up the bank's credentials among investors who trade a few times a month. "Our goal was to create an experience that makes it extremely simple for clients that want to buy fixed income," said Paul Vienick, head of online investing at JPMorgan's wealth management arm. "We've taken that exact thought process for the simplicity of [buying] stocks and ETFs and moved that into the fixed-income space." JPMorgan, the biggest U.S. bank by assets and a leader across most major categories of finance, is relatively puny compared with other online brokerages. Despite seeing steady gains in recent years as it added functions including the ability to buy fractional stock shares, the bank has only recently crossed $100 billion in assets under management, CNBC learned. That pales in comparison to online investing giants including Charles Schwab, Fidelity or E-Trade, which have had decades to accumulate investors and acquire competing platforms. The bank first attempted to snare more of the trillions of dollars that self-directed investors hold by launching a free-trading service in 2018. JPMorgan called it "You Invest" and marketed the new name in a push that included prominent placement at the U.S. Open. But by 2021, JPMorgan saw the brand wasn't connecting the way it had hoped and pivoted to simply calling it the Self-Directed Investing platform. That year, with the business managing about $55 billion in assets, CEO Jamie Dimon called out the firm's product in his usual blunt way. "We don't even think it's a very good product yet," Dimon told analysts at a financial conference. "So we're driving that thing." Part of JPMorgan's pivot was to hire Vienick, a veteran of TD Ameritrade, Morgan Stanley and Bank of America, in October 2021 to overhaul the bank's efforts. "There was a recognition that in wealth management, we have some catching up to do overall," Vienick said in a recent interview at the bank's midtown headquarters. That also includes managing more money for wealthy Americans through financial advisors at physical locations, a push that was helped by JPMorgan's 2023 acquisition of First Republic. JPMorgan banks half of the country's 19 million affluent households but has just a 10% share of their investing dollars. The industry now recognizes that providing good online tools is table stakes, even if the emphasis had previously been on human financial advisors who earn more revenue by providing more services. Around half of those who use a financial advisor also invest on their own with online tools, Vienick said. Now, the bank is looking to target more engaged investors, those who research and buy stocks a few times per month and who are more inclined to purchase bonds directly rather than owning them through mutual funds. It currently offers customers up to $700 for moving funds to its self-directed platform. Up next, the bank is working on providing users the ability to execute after-hours stock trades, Vienick said. It's all part of the bank's efforts to convince customers who bank with JPMorgan already or have its credit cards to consolidate more of their wallet with the firm. Doing so will allow an investor to have a single view of their finances and move money instantaneously between accounts, Vienick said. The bank's advantages — its vast branch network, deep balance sheet and reputation under Dimon — have Vienick confident that JPMorgan will eventually join the other large players among online brokerages. "I have every belief the self-directed business outside of core wealth management can be a trillion-dollar business," Vienick said. "It's going to take hard work. It's going to mean we're delivering what clients are asking for."
