Rich people, is Chase Private Client worth it? I don’t want to deal with the hassle do transferring $.5M from Schwab to Chase, but would do it if there are material advantages. Looking for advice from folks who are current clients and can speak to the delta with other similar money managers!

funnylikeuplifting
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Here, fixed that for you: “Is Chase Private Client worth it? Would consider switching from Schwab if there are material advantages. Looking for advice from folks who are current clients and can speak to the delta with other similar money managers!”

likeupliftingsmart

Ironically more of the poors probably respond when you ask the way you did

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Op ignore all the haters, you asked a question which was deliniated in it's essence. No one answered because they're not that smart. All thses people just want to tear down a system they don't even understand. The establishment will win. Just give it time

funnylikesmart

This is not a coherent written statement

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Recent IconRecent

God is this why everyone hates McKinsey...

likefunny

Kind of 😂

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Rich people, is it okay if I upgrade from my small private jet to a Boeing 737 airliner?

likefunny

Make it MAX

likesmart

You lost me at “Rich people,”

likefunnysmart

Op lost me at rich and 500K. I have more than that at 29. I’m not rich. Add a couple of 0s, now that’s rich

Not really rich here myself but have 0.5B in assets I park in off shore accounts. No use for private client. It’s for the upper middle class.

likefunny

I continue to work at PwC because I love working 60 hours a week from home and not having a life or doing useful things for society

funnylike

Amazon1, chill........always richer or poorer people than you in the world.

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You’re exactly right. Qualifying the post by saying “hey rich people only” makes OP seem like an ass. Doesn’t matter how much or how little you have.

likefunny

Sometimes I wish we could vote to reveal the idiot behind the curtain of a post.

likefunny

It’s Tai Lopez, he joined McKinsey

HERE IN MY GARAGE

likefunny

Saved a 20$ atm fee in Vegas that was nice...

likehelpful

I also liked the culture card that got me in free at museums

I only put my money in the Caymans and Panama. Sorry OP but you playing $5 blackjack while the rest of us are at the private table.

likesmart

Ha, I looked into this b/c if the mortgage offer. It basically requires $150k balance or you pay $35 a month. Not for those in poverty but wouldn’t consider that for “rich people only”. Sounds middle class/upper middle class can make that work, at least in big cities.

likesmarthelpful

Hi OP, I’m a “rich person”. Except as a rich person, I care about how I manage my money, and never find it is a “hassle” to transfer it to where I need it. Chase call me every few months to ask if I’m interested in enrolling in their private client services and I always decline. Until I hit $10M+ (or should I write it as $.01B?) I think I’ll manage it myself.

funnysmart

.5M. Tell us more about your assets...

funny

100% guarantee op has 50k in cc debt

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Wow, what kind of peasant doesn’t have a family office managing their funds?

My entire extended family uses the same family office to invest our capital.

I wouldn’t expect you to understand. Maybe you should speak to the local banker in the bank branch?

likefunny

Does $.05M even qualify you for acceptance

funnylike

Advantages I found useful are .125 discount on mortgage rates, unlimited free wire transfer (very handy for paying vendors during a 6 month remodel and for sending money to relatives internationally). For the amount you want to transfer they usually have a net new money program that gives you some bonus for moving money over (I got 1/4 percentage of my mortgage rate and like 800 dollars)

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Bank of America platinum honors is much much better. And you only need 100k for that.

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Kudos to this post! We are so supportive n nice to each other!

uplifting

Lol I like that you wrote it as .5m instead of 500k. What is it? Cash?

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Separate point - If you’re not shopping around and using members of your network that are existing clients at private banks as a referral to score the lowest % fee possible, you’re not doing it right. Get the lowest rates possible, and negotiate for a match.

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