{ "media_type": "text", "post_content": "Anyone here invest with JP Morgan Chase? They're trying to get us to be a Private Client & will charge 1.3% for investments. Just wondering if anyone has advice on who to invest with (growth 5-10yr).", "post_id": "59f211523c342e0011df2e62", "reply_count": 10, "vote_count": 1, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }
null

Anyone here invest with JP Morgan Chase? They're trying to get us to be a Private Client & will charge 1.3% for investments. Just wondering if anyone has advice on who to invest with (growth 5-10yr).

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Posting as :
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Vanguard at 0.05%. Guaranteed market returns!

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Vanguard

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Why? Just why? What do they help with? Not like it's guaranteed returns. Do s&p500 w vanguard and you'll be fine.

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That’s obscene.

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Isn't that a little high?

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1.3% and even 1% are absurdly high, the days of scamming people out of ~25% of their retirement for basic financial advice are in the past, don’t be a sucker

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I have some from Morgan Stanley. The rates are 1-1.25% depending on the amount of the investment. Give me burner I can give you his contact.

Everyone here is a winner except C1

Former FA here. 1.3% makes sense if you are an accredited investor who is allowed to invest in private markets and various other complex instruments. JP / MS / GS can give you access to these that other places can't, thus the 1.3%. If you aren't accredited, you'll essentially be paying out the ass for white glove service and beta returns.

Beta returns .... fancy term. Nevertheless it's a scam, stay out of it OP. Index funds are your best friend.

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