28, 2026 12:30 pm EST
View Press/Getty Images It looks like JPMorgan Chase is saying goodbye to their robo-advisor service, You Invest Portfolios. Apparently, this automated investing platform just didn’t take off the way they expected. Turns out the robo-advisor business hasn’t been as profitable or popular as many thought it would be. Even other big names like Charles Schwab and UBS have had to shut down or scale back their own automated investing offerings in recent years.
But don’t let JPMorgan’s decision fool you – robo-advisors are still a big deal in the world of personal finance. They’re making investing more accessible to folks of all income levels. In fact, a lot of the growth in this space has actually come from fintech startups like Acorns and Wealthfront, who are catering to a younger, more tech-savvy crowd. The average You Invest Portfolios user was 42 years old, while these newer platforms are seeing the majority of their clients being under 40.
So while JPMorgan may be giving up on the robo-advisor game, the overall industry is still going strong. Experts predict it’ll grow from $1.4 trillion in assets under management in 2024 to $3.2 trillion by 2033. Just goes to show that not all automated investing platforms are created equal – some are simply better suited to certain demographics than others.
JPMorgan’s decision does not necessarily reflect broader trends
Freshsplash/Getty Images Looks like JPMorgan’s decision to shut down their robo-advisor isn’t really reflective of the broader trends in this industry. While some traditional brokerage firms have struggled with their automated investing offerings, the real growth has been happening over at the fintech startups. Companies like Acorns, Coinbase, and Wealthfront are catering to a younger crowd who are all about the easy, beginner-friendly investing experience.
In fact, the overall robo-advising market is expected to keep booming. Experts predict it’ll grow from $1.4 trillion in assets under management in 2024 to a whopping $3.2 trillion by 2033. And surveys show that almost half of Americans would be willing to trust a robo-advisor over a human one these days. So the demand is definitely there, it’s just a matter of offering the right services to the right people.
So while JPMorgan may be throwing in the towel on their robo-advisor experiment, the future of automated investing still looks bright. Gotta know your target audience and build the right product for them. Not all robo-advisors are created equal, that’s for sure.
