Originally Posted by Wyfind (Post 36725123)

Sharing an update here: It took one month for the banker I met at the new San Francisco financial center to get back to me. On a call last Friday, she said she went "back and forth with the back office" and wasn't able to help with the JP Morgan Reserve card. Similarly, because I was happy with my current team, we both agreed it made sense for me not to work with her.

I'm confident no one knows about the card or the differentiation or unique value proposition of the JP Morgan Private Client program.

I'm debating whether I want to reach out to a JP Morgan Wealth Partners team in San Francisco. As fishfood mentioned, I'm not sure the card is worth it, although the hidden trade line and United Club membership would have been great.

Originally Posted by fishfood (Post 36725968)

I wish they just rolled this out as a higher tier of CPC where you don't have to jump through hoops to get more benefits. As it stands now it is questionable if you are strictly better off with JPMPC vis-a-vis CPC despite having to park significantly more assets at Chase. I understand they are trying to extract more values from these higher net worth clients, but what they offer in return is too little.

Originally Posted by LAX (Post 36727468)

I guess there is no such thing as free lunch!

LAX

Originally Posted by fishfood (Post 36727983)

Sure, but as the customer, it seems a hard pill to swallow when you have to park more money with them *and* take a hit with management fees (plus unnecessary interactions with these advisors) for the added benefits. Chases thinks too much of itself to believe people are willing to do *both* for just (possibly) the JPM Reserve card.

Originally Posted by candgfan (Post 36826267)

Has anyone successfully gotten the JP Morgan Reserve card through this?

Originally Posted by no0neelse (Post 36848599)

I'm also curious if anyone has been able to do this. I have enough to qualify for JPM PC but not nearly enough for the published Wealth Partners or PB minimums.

Originally Posted by fishfood (Post 36725968)

I wish they just rolled this out as a higher tier of CPC where you don't have to jump through hoops to get more benefits. As it stands now it is questionable if you are strictly better off with JPMPC vis-a-vis CPC despite having to park significantly more assets at Chase. I understand they are trying to extract more values from these higher net worth clients, but what they offer in return is too little.

Originally Posted by Wyfind (Post 36943828)

I reached out to a handful of advisors (different firms) on the JP Morgan Wealth Advisors in San Francisco and didn't receive any responses from any of them except one. The one advisor who responded let me know they couldn't help me because I am already working with a Private Client Advisor.

Originally Posted by blackbird79 (Post 37091706)

Currently in the CPC program, transferred low 7 figures to Chase about 2 months ago in a self directed account. Nothing from Chase re JPMPC. Sounds like access to JPMPC is at the discretion of the bank versus automatic when achieving the $750k threshold? I’m not in a First Republic region, so I wonder if that’s one of the reasons.

Originally Posted by SteveT (Post 37119176)

Someone at JPM told me that if you are enrolled in CPC and you increase your assets over the $750k Minimum, you will automatically be converted to JPMPC. It can take up to a month, but you can contact them and expedite the process.

Originally Posted by candgfan (Post 37119314)

I doubt this is true unless this happened in the last few weeks. I had 7 figures in my CPC account for several months and was not automatically upgraded. I was interested in JPMPC but my CPC banker could not tell me how to sign up. I ended up transferring it out.

Originally Posted by Wyfind (Post 36943828)

I reached out to a handful of advisors (different firms) on the JP Morgan Wealth Advisors in San Francisco and didn't receive any responses from any of them except one. The one advisor who responded let me know they couldn't help me because I am already working with a Private Client Advisor.

Originally Posted by SteveT (Post 37119176)

Someone at JPM told me that if you are enrolled in CPC and you increase your assets over the $750k Minimum, you will automatically be converted to JPMPC. It can take up to a month, but you can contact them and expedite the process.

Originally Posted by SteveT (Post 37122685)

This is what the JPMPC Manager told me. I could have been recently implemented.

I got the feeling that JPMPC is not fully integrated into the JPM side or that this is just a Chase retail product masked as JPM.