J.P. Morgan’s Wealth Plan Enables Chase Customers To Craft One Million Plans

Morgan Wealth Management’s Wealth initiative has enabled users to craft over 1 million personalized plans, reaching this achievement within a year since its debut.

Wealth Plan, accessible for free in the Chase Mobile app on Chase.com, is a digital money coach that offers users a complete picture of their finances and enables them to invest, save, and plan all in one place. Customers can schedule a conversation with an advisor directly from the tool.

Wealth Plan Seeks To Empower Financial Success

Kristin Lemkau, CEO of J.P. Morgan Wealth Management, highlighted that planning is essential for life goals. She stresses that simply having the intention to retire isn’t enough; specifics like when and where are the key and hard questions needed for consideration. The Wealth Plan tool aims to aid this process and generate a tool to make goals tangible and attainable.

Users can set and monitor short-term goals, such as vacations, and long-term objectives, like retirement or buying a home, in real-time and receive personalized insights and guidance. Additionally, a goal simulator demonstrates how different choices made today can affect the future financial future.

More than 10 million users are utilizing Wealth Plan to upgrade plans and get closer to their dreams while getting assistance to stay on track. In a data account for activity in the past 90 days, the primary goals Wealth Plan customers are working towards are Travel and Retirement.

Wealth Plan Aims to Revolutionize Financial Planning

Sam Palmer, the newly appointed General Manager of Chase Sapphire and leader of the team behind Wealth Plan, highlights the significance of having a plan for achieving goals. Their team developed Wealth Plan as a powerful but easy-to-use planning tool to aid customers in achieving their dreams.

It’s innovative because it empowers customers to engage in planning whenever, wherever at their convenience. Over the past year, Wealth Plan has received five awards. These rewards include Smart Money Awards winner by Real Simple, Best Digital Initiative, and Best Use of Technology in Wealth Management in 2023, and Best New Tool among online brokers by StockBrokers.com.

Wealth Plan has also increased the adoption of planning as an initial step for investors. Users have crafted more than the needed number of the overall plans than recorded in the entire history of J.P Morgan U.S wealth management before Wealth Plan.