what is the difference between JP Morgan and JP Morgan Chase? And also does anyone have any recommendation for a good investment company? i am planing on opening a roth ira and other savings accounts.
2006-10-18 01:11:51 · 3 answers · asked by dawn s 1 in Business & Finance ➔ Investing
There is no difference. At one time until a couple of years ago they JP Morgan and Chase Banks were two different banks. Then they merged and became one. It is now known as JP Morgan Chase & Co. Stock symbol is JPM. Trades at about $48.33 a share.
There are so many options available to you that it is somewhat difficult to explain them with out knowing a little more about your situation.
For overall service and reasonable fees, Fidelity is good. They have good mutual funds. They have good service. They provide a wealth of information and they are full service. They are not the least expensive however as to their fees that they charge.
If you need investment advice of a detailed nature, you may need the services of a full line brokerage firm. Their fees are expensive however and you are at the mercy of the broker that you happen to connect up with. Some are good and some are not so good. One drawback to that approach is that these brokers work on commission and they do not alway have your best interest at heart. They have their pocketbooks at heart. Before Internet brokers became available, I had several very unpleasant experiences with these types. But to be fair, I also had some very good experiences also.
2006-10-18 01:43:31 · answer #1 · answered by Anonymous · 1⤊ 0⤋
JP Morgan is the investment arm, the other provides banking and credit card services.
Depending on how much advice you need while investing your IRA money. Go with JP Morgan (or its competitors) if you need more advice and hand holding. Go with discount brokers like e*Trade if you can do your own research and online trading.
e*Trade is one of the few that collects little or no 12B1 fee on most funds.
Best wishes.
2006-10-18 01:23:49 · answer #2 · answered by JQT 6 · 0⤊ 0⤋
Don't know the answer to your first question but as to the second, get to a low cost company because every cent you pay to them in fees comes right out of your pocket. Vanguard is excellent in that regard as is T Rowe Price.
2006-10-18 01:42:38 · answer #3 · answered by DelK 7 · 0⤊ 0⤋