Chase Investment Services?

[Sloedough]

I'm looking for some insight here.

My investment account and IRA are currently at TD Ameritrade. My employer's IRA benefit is through TD so I started my investment account there.

I am a busy guy, sometimes monitoring my positions is tough. So I was looking to move it all over to Chase and let them manage it for me.

Is there anyone out there that has some insights on this? Am I missing something on TD's site?

[Anonymous]

https://www.tdameritrade.com/investment-products/managed-portfolios.page

I would think that chase would be more expensive, but I have never looked into it. If you have enough funds, it might be worth it for Chase Private Client. 

If you are just looking for a robo advisor, I would check out schwab.  $5000 min, no fees; Tax loss harvesting at $50,000.  

https://intelligent.schwab.com/

[MyDataMyChoice]

Have you looked into Merrill Lynch?

How much do you have to rollover?   <100K?    >250K+?

[Sloedough]

Yes I have looked at Schwab and Merrill. However I have a relationship with TD and Chase. It would be like starting over.

My investment account is around 100K and my IRA is around 180K. So I am still a small account. I could do better.

Thank you for the information about TD's managed services. I recall reading that years ago.

I also talked to a friend, and he suggested paying for the Montly Fool's reports. It's 1,500 a year. He has done very well with that.

[wasCB14]

Low-cost indexing is always an option.

JPM Private Bank currently requires about $10m in assets under management. When you bring $280k to Chase, they're not going to assign their best staff to help you. So why pay high costs?

[iced]

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@wasCB14 wrote:

Low-cost indexing is always an option.

JPM Private Bank currently requires about $10m in assets under management. When you bring $280k to Chase, they're not going to assign their best staff to help you. So why pay high costs?

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This.

ETFs win the long race, period. The fees are minimal and the returns rival or beat even the best hedge funds in the long run. Any firm can do ETFs for you as well, so there's no benefit to going with Chase vs. Fidelity, Schwabb, Merrill, RBC, or even something like E-Trade.

Unless you're very interested in individual stocks and really want to pay someone to buy and sell things for you, there's no benefit to managed services. Financial advisors are wrong more often than they're right, and none of them can consistently beat the indexes.

[MyDataMyChoice]

There are Benefits to Financial Advisors....
The extra insight... things change...and fast...
Some people change their own oil... and some go to mechanic... there are good and bad mechanics
But its not how it used to be... with so much watchful eye over financial world... everything has to be suitable... stepping away from transaction and using assets under management

Some products are only available to advisors on their platform... Sometimes you end up savings more by spending a bit on an advisor... save headaches... and time.... more organization...
i.e. Your overall relationship with merrill lynch/bank of america changes all advertised rates...

[Anonymous]

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@iced wrote:

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@wasCB14 wrote:

Low-cost indexing is always an option.

JPM Private Bank currently requires about $10m in assets under management. When you bring $280k to Chase, they're not going to assign their best staff to help you. So why pay high costs?

---

This.

ETFs win the long race, period. The fees are minimal and the returns rival or beat even the best hedge funds in the long run. Any firm can do ETFs for you as well, so there's no benefit to going with Chase vs. Fidelity, Schwabb, Merrill, RBC, or even something like E-Trade.

Unless you're very interested in individual stocks and really want to pay someone to buy and sell things for you, there's no benefit to managed services. Financial advisors are wrong more often than they're right, and none of them can consistently beat the indexes.

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Well stated ... for me the smartest thing I did was take ownership of my financial investments and make some money. All I ever did before was enrich financial magaers so they could drive their Audi Cars with me paying fees. Once I took over the research and monitored my portfolio of investments, I actually made money. Followed a path of diversification into various market segments and even took on precious metals where I did well (not for the faint of heart). 

[wasCB14]

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@MyDataMyChoice wrote:
There are Benefits to Financial Advisors....
The extra insight... things change...and fast...People with true insight won't give the time of day to a $280k client. I say this as a former customer of a higher-tier-than-OP-will-get Chase brokerage service.
Some people change their own oil... and some go to mechanic... there are good and bad mechanics and the good "money mechanics" are busy with Porsche and BMW portfolios. OP will likely get some inexperienced or incompetent mechanic for a Honda portfolio.
But its not how it used to be... with so much watchful eye over financial world... everything has to be suitable... Suitable, yes. But don't confuse this with the higher fiduciary standard (that the financial industry is constantly lobbying against). stepping away from transaction and using assets under management

Some products are only available to advisors on their platform...and they are often junk and/or closed to non-accredited investors like OP. Sometimes you end up savings more by spending a bit on an advisor... save headaches... and time.... more organization...
i.e. Your overall relationship with merrill lynch/bank of america changes all advertised rates...Some savings, but investment management fees are big and hit every year.

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I think you have unrealistic expectations of the kind of care and attention $280k gets.

[Anonymous]

I just saw the new Chase self-directed IRA and brokerage terms after getting an ad when logging in. They advertise $5 trades, but just make other fees very, very high. https://www.chase.com/content/dam/chasecom/en/investments/documents/sdi_fee_commish_schedule.pdf Only you can judge if those fees are going to bother you.