The only advantage of private client is better rates on home loan, free safe deposit box and better service in give branch. Their investment managers are the worst.
One aggressive seller at Chase branch was like - you don't know anything about investing - give it to us - we will grow it. It was literally aggressive and a little passive aggressive.
I could have said in his face that you banks are crooks, but just exited to avoid making a scene.
Banks will say 'strong buy' while they unload the stocks because they know it is tanking. So many banks were caught during the crisis doing this.
Your best bet as the person above said is to invest in ETFs, bonds and balance out. You may as well screw up doing that than give these assholes power (that comes from money).
No need unless you have a ridiculous amount of money and have other variables to consider. If that was the case, I would suggest someone else - my conversations with the Chase advisor did not instill confidence in their knowledge or skill.
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I could have said in his face that you banks are crooks, but just exited to avoid making a scene.
Banks will say 'strong buy' while they unload the stocks because they know it is tanking. So many banks were caught during the crisis doing this.
Your best bet as the person above said is to invest in ETFs, bonds and balance out. You may as well screw up doing that than give these assholes power (that comes from money).