Originally Posted by
r.brown
I would ask the banker what the differences are. They are obviously going to push to manage your money and charge you a fee.
We opened ours last summer — we transferred one of our taxable accounts from Ameritrade. We had a pleasant meeting with our Chase rep. He explained what he would charge to manage our account, but did not pressure us at all when I told him we wanted to manage ourselves. Back then IIRC Chase was still charging a trading fee, but sometime last year they eliminated it.