https://www.cnbc.com/2018/08/21/jp-...th-an-eye-catching-disruptive-price-free.html JP Morgan is set to introduce an app similar to Robinhood. All of their customers get 100 free trades per year and their Chase Private Clients get free unlimited trading. The details are still limited. They don't officially launch the service until next week. I don't see this affecting the brokers designed for active trading. (Free trading always comes at a price.) But this could be a huge development for the larger brokers geared more towards investing.
They will internalize the flow. They will create a path to sell more Chase services to those customers (who will be millenials who are just starting to build their wealth).
"To open a You Invest Trade account, all you need is a valid Social Security number and a U.S. home address."
Does anyone with a Chase account can login to you invest and see if you can have access to JP Morgan stock research. I would be tempted to throw some money their way if i can get their stock research. I read that there is some stock research, but I am not sure if its the banks own stock analyst opinions. Thank you if you can provide some insight into this issue for me.