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JP Morgan Chase (JPM) DRIP

DRIP Plan Highlights

Enrollment

 

 

Initial Purchase

 

$250

 

 

 

 

Purchases

 

 

Minimum purchase

 

$50

Maximum purchase

 

$10,000

 

 

 

 

Fees

 

 

 

Account Setup Fee

 

$15.00

Automatic investment Fee

 

$2

Optional Cash Purchase

 

$5

Reinvestment Fee

 

N/A

Sale Fee

 

 

$15

 

 

 

 

Company Web Site

 

http://www.jpmorganchase.com

Additional Plan Information

Agent Site



JPMorgan Chase DRIP Details:
JP Morgan's Investor Services Program allows investors to make an intial investment through the plan and offer no dividend reinvestment fees. We see the stock investment plan as a mediocre long term holding vehicle with its $15 account setup fee and $5 optional cash purchase fee. If you are planning on using the $2 automatic investment feature for the majority of your stock purchases the JPM DRIP plan maybe your lowest cost holding vehicle. However for most investors we believe a low cost brokerage like Sharebuilder will be your lowest cost holding vehicle.

Pros:
No reinvestment fees
$2 automatic purchase fee

Cons:
$15 account setup fee
$5 optional cash purchase fee