I do not want to argue with you. But that DP clearly says that the existing CPC relationship will only apply to the primary account holder. The joint account holders do not hold the CPC with their own accounts. This is very clear to me.

This is probably going to happen with LOTS of Chase CPC customers.

The question is whether they will continue to have those benefits if their individual balances do not meet the balance requirement.

There is no individual account. They are all joint and our Trust has us both as Trustees. My contact said we are fine

Literally just hung up the phone with my CPC banker. My wife and I have Joint accounts and our Trust. My daughter and I have a joint account. My wife and I also teach have individual accounts. ALL are still covered because our joint and Trust accounts are well above the minimum.

Clearly that change is on the secondary account holder's own account. Not sure what is not clear here.

So far the best combo is still Bof/ML. My relationship banker is trying hard to keep my business. I can get her to waive my bank fees, so I do not have to wait for 30 minutes to talk to a live person.

Like to see what Goldman and Morgan Stanley/ETrade are going to offer in this space.

Maybe your balance at BofA is much higher than mine was, but no one could do a damn thing about my denied "charge back" request ($25) despite sending in all documentation. I subsequently pulled most of my assets out and left only the minimum to keep the highest preferred level for CC bonus. If there are other CCs that can give me similar bonus to what BofA currently offers, I will transfer out the rest.

LAX

I admit that Chase CPC and Sapphire Banking offer more than BofA without Preferred Rewards. If it offers the full brokerage service, I'll be happy to keep most of my assets with them. I've tried Citi and Chase and learnt the hard way. I thought both of them offer all the stocks and ETFs. But they do not.

I may want to add more to Schwab for the bonus money on AmEx Platinum card ($100 on $250k and $200 on $1MM). But I need to run out my AmEx Plat retention bonus period. Morgan Stanley AmEx Plat card also on the horizon. But I need to wait for the ETrade to get settled to see if there is more new offering.

What is going on with Trade

Morgan Stanley purchased acquired E*TRADE a while back. Still unclear if/how that will change anything offered from either side. Many are waiting to see how it develops eventually and how that may in the end compare to others like CPC/ JP Morgan.

Chase just kindly advised that I had one "Good Faith" trading violation. This is just ludicrous. It was just a $3,000 trade that I made like $50. I've not had anything like that for years at several other places.

I'm going to gut my Chase brokerage account and keep about $3k there to keep account open. Elsewhere I can maintain margin and even IRA margin accounts open. So I do not have to wait for the old fashioned 2 day settlement period. So I won't run into any "Good Faith" violation or any kind like that.

ETrade still very disappointing. Its customer service is the worst I've ever experienced. Extremely slow and non-responsive. Merrill is still the best. Followed by Fidelity, Wells Fargo and Schwab, in this order. Can't comment on Vanguard since I do not use it.

Very serious question, i swear not being snarky. Why do you use so many platforms as it is. The way this is worded you have Chase, Merrill, Fidelity, Wells Fargo and Schwab. Just curious why you are so diversified.

I like to try and experiment to see what platform is better. I can easily consolidate some if I want to. Unfortunately Citi and Chase did not make the lists. The remainders I like to keep.

It is never a good idea to keep just one platform. I've had outages from Merrill, Schwab, Fidelity and Interactive brokers. Some can last for half a day. That becomes rather common now with so many people staying home.

The SIPC insurance is a minor factor.

Here is a standard 2x NASDAQ ETF. Not allowed at all.

https://cimg4.ibsrv.net/gimg/www.fly...0b617fd7f6.png

does anyone know the $250k transfer qualification? do i need to transfer additional 250K on top of what i have now in Chase? or total 250k is good enough?
eg, if i have 150k now, would additional 100k work? thanks

From personal experience, you do not need to transfer more. But you do need to contact Chase, perhaps by going into a branch and meeting with an employee. I was told that in the past month, requirements for a Chase Private Client account have dropped from $250K to $150K.

Not even sure you need to do that. About one month after I crossed the $150k threshold in all of my accounts, I noticed when I logged in that my checking accounts had gone from SAPPHIRE CHKG to CPC CHKG. Called my local branch and they confirmed it was automatic.