Originally Posted by
radonc1
Are you saying that CPC has a 1% account fee?
I pay no fees for my Chase private client account. Then again, I get nothing for a substantial account with them either. (although I will admit that my broker managed to steer me and my money away from a unilaterally Chase imposed "savings account " that paid a glorious 0.01% )
Apparently, the breakpoint for Chase and the next level above CPC is 25MM and then you are in another elite level. I didn't bother asking what it was called.
I think 1% fee is the regular offer of Chase CPC. But you can get Chase CPC as self-directed. Then there is no 1% management fee. Of course they want to make money from you from investing in their mutual funds, trust funds, small business loans. My SO had a Chase investment advisor and the advisor was good to direct on the asset allocation etc. It all depends on each person's needs. But with the FT folks, I figure most are self-directed smart people and good at numbers.