Originally Posted by garykung

Then CPC is not for you.

Robo-advisor is YMMW. Some like it. Some don't. But FWIW - if everything works out for you at Wealthfront, I don't see a point that you have to move your portfolio to try something new.

CPC is a mixture of things. To Chase, they want you to use their investment service with an advisor. In that case, they can earn more money by not only managing your portfolio (~1% fee), also they get to sell you securities that are usually not available in the public market (commission).

That's why if your sole concern is banking, Schwab is a very good alternative. First - Schwab has no balance requirement. So you can try it out without moving everything elsewhere from HSBC. Second - although Schwab requires opening of a brokerage account at the same time as the checking account, you are under no obligation to use the account (and again - no balance requirement). So it is practically a free account with many perks without any obligations.

Of course - Schwab is not without its limitation. First, its branches are useless for banking purpose. Second, Schwab does not offer wire and cashier checks.

Fidelity is also an alternative. But its disadvantages are pretty much the same as Scbwab, plus the 1% foreign transaction fee.