Related Posts
Anyone here from Investment Banking at Houlihan Lokey, Evercore or Lazard in London (UK)? I’m currently working in Corporate Finance M&A in GT UK. I’d want to move to one of these banks next year so would like to know about work culture, teams, opportunities, salaries and bonuses. Appreciate your kind help on this
More Posts
Layoffs at Walmart corporate 😬😬
Additional Posts in Finance
Anyone know what other fishbowls are like?
Khaleesi is coming to Westeros!!!
Is retail quant trading on a massive rise?
Perpetually looking for a job *sigh*
New to Fishbowl?
unlock all discussions on Fishbowl.





Rising Star
Combine it for simplicity or because you like the investment options in one vs the other. Your friend is incorrect.
Nope but there may be some account fees you lose. Say a $50 annual fee or similar.
Also you may get other benefits from having $>25k AUM at a single firm. E.g. If you bank at BofA and move this all to ML Edge yiu get fee waivers on certain products, at $50k yiu get fee free atms everywhere etc. Chase, Schwab and others have similar.
Mathematically, you can show that a*((1+g)^t) + b*((1+g)^t) = (a+b)* ((1+g)^t), so no, you will not get more growth if you combine them