Investment advisory firms typically require that customers agree to submit all disputes to binding arbitration through AAA or JAMS. In many respects, arbitration through either AAA or JAMS is similar to FINRA arbitration. JAMS and AAA arbitrations can be more costly than FINRA arbitration because of the filing fee costs and the hourly fees for arbitrator time. However, the investment advisory firm must cover most of the costs of arbitration if your claim is deemed a “consumer dispute.”