Originally Posted by jdsva

I recently (fall of last year) had an advisor from JPM offer us 50 basis points. We opted not to go with them because he said "yes" to everything we asked for - even for things I -knew- would be difficult/impossible to get for us. Simply seemed to be too good to be true.

I just found out that advisor is no longer there, so we dodged a bullet.

For the first few years they really need to build their book before they stop getting a salary. Seems like many will promise you the world to get you to sign on - whether they can provide it or not.