Originally Posted by
Wyfind
I have a self-directed brokerage account, and there are no fees.
I am also not pressured by my banker or investments "advisor" to have my investments managed by Chase. The banker asked me how I manage my investments when I signed up (no-fee and self-directed through Merrill Edge) and passed the notes along to the advisor when he introduced me. Interestingly, the advisor told me not to use YouInvest when we first met.
Did the advisor explain why? I imagine with a JPM brokerage account, there is a chance that the advisor can "take over" with minimal hassle if desired by the client. With You Invest, I supposed it's not designed for advisor management and may require the funds to be transferred to a traditional brokerage account even if the client wants some hand-holding.
LAX