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unicorn
unicorn (@guest_1810694)
March 8, 2024 17:50

Wondering if anybody has a “willing” advisor recommendation to open the account near Seattle or Eastside? TIA!

Terp
Terp (@guest_1809544)
March 7, 2024 08:41

I didn’t have any issues opening the no-fee brokerage account with advisor.

Transferred funds in by 45 day deadline and got bonus 6 days after the 90 day mark. Very quick and easy bonus (for me).

Jon
Jon (@guest_1809434)
March 7, 2024 00:07

Is HTSXX the best treasury fund the full-service account has to offer with online trades? 4.79% isn’t exactly competitive.

Jon
Jon (@guest_1809703)
March 7, 2024 12:27

I’d still like to know if anybody knows of a better fund than HTSXX, but I ended up calling my advisor to buy a T-bill off the secondary market.

My advisor told me he doesn’t charge a fee for those and indicated he was not able to get me a fresh T-Bill off auction. I assume JP Morgan acts as the middle-man in their secondary market so they can make their money of the bid/ask spreads.

Brian C 🐕
Brian C 🐕 (@guest_1809713)
March 7, 2024 12:36

Looks like MJLXX has a slightly higher yield at 4.96 7 day yield as of today.

PTAXX looks to be the best option at 5.08 7 day yield, but I was getting an error that minimuim was not met for purchase. From what I can tell, 25,000 is the minimum. So I sold some of my current MMF and plan to buy PTAXX tomorrow.

Regarding T-bills, you can purchase yourself by calling in. They will tell you that they cannot do it and to go through your advisor, but if you push back they can definitely do it. I bought several t-bills off auction from them last year. Not sure how much better the yield is off auction vs secondary, but its definitely possible to buy off auction, and definitely more of a hassle.

This time around I am just sticking to MMF to avoid the hassle.

Jon
Jon (@guest_1810261)
March 8, 2024 10:49

Thanks for weighing in. Maybe I’ll try to push for a T-bill off auction next time, though the secondary market loss on my 8-week bill is less than 0.2% and just required a 5 minute call with my advisor.

It looks like MJLXX and PTAXX are pretty much fully taxable, so HTSXX is still worth looking at if you have state income tax since you don’t pay the state taxes on it.

I find the MM Optimizer All Funds Edition tool from this thread really helpful for analysis: https://www.bogleheads.org/forum/viewtopic.php?t=401821

Jamie
Jamie (@guest_1801254)
February 21, 2024 21:30

I know that they are some DPs on advisors refusing but I want to ask again with a different ?.

Fortunately for me, the Banker didn’t want to apply the last year CPC coupon to my existing checking account until I spoke to an advisor which is the same person in that area across different branches.

I should have seen that as a sign but anyway, after playing along with the whole financial assessment(entered my info in their system) it ended up with the same “I only really take on full-service clients”.

I have a new CPC coupon so here I am .. I see the advice is to find another advisor.

1) My assessment with a previous advisor shouldn’t come into play, right?
2) Also would scheduling via the app give me a better chance OR would it just assign me an advisor closest to me aka same advisor?

Gadget - Bank Bonus Geek 🔗
Gadget - Bank Bonus Geek 🔗 (@guest_1810679)
March 8, 2024 17:19

No Chase branches here… but I saw in the news that I will be getting one… I think in 2025.

I would just rip the Band-Aid off: Schedule an appt in the app or call the specific branch you want to deal with to make the appt. If you don’t like where the app assigns you, then cancel the appt.

If the advisor reviews the old assessment, nothing you can do about it. I would assume they go with the most current data.

Jamie
Jamie (@guest_1810684)
March 8, 2024 17:27

Thanks Gadget, really appreciate the feedback! I guess that’s the only option so that’s what I’ll do. I will also call branches to see if I can get away from current advisor’s area

Vogager
Vogager (@guest_1800764)
February 20, 2024 18:57

Finally, I found a willing advisor, who himself told me that he is opening account for me so I can get a bonus, but I can just operate it as a self-directed account. Told me that if you need a help then call me else you are on your own. Since most of my monies are at ETrade in SGOV, he told me that it would be better to just liquidate it, wire the monies to Chase and invest it again at JPMC brokerage account. He said since CPC checking and brokerage accounts are linked, I have to bring in monies into CPC checking and when I will place a trade, Brokerage account would automatically pull monies from checking account. Does this sound accurate, or is there a way to bring cash directly into the Brokerage account?

sg77
sg77 (@guest_1800892)
February 21, 2024 02:01

You can do an ACH pull into the Chase brokerage (but there’s a risk of Chase locking your account until you call). Or do an ACH push from the other place into Chase checking (not sure if it’s possible to ACH push directly to brokerage.) I’m guessing there’s a way to send a wire transfer to the brokerage, but I don’t see info about that on Chase’s website (maybe the advisor can tell you). I’m doubtful of trades automatically pulling cash from the checking account, but I never tried it. I would move the cash from the checking into brokerage.

But I’d prefer to not sell SGOV, since you’ll lose interest for a few days. An ACAT transfer of SGOV seems best. The Chase brokerage has a way to do ACAT transfers yourself online, it least from some specific brokerages (and I see E*Trade listed), though I’ve never done a transfer that way (I started to try it from Apex Clearing but the Chase website hanged after logging in).

I did an ACAT through the advisor (and he said transfers must be done by him, but maybe that isn’t true). He sent me a message online so I could reply to it, and I attached a statement from the other brokerage and told him which stocks to transfer. He filled out a form and sent it to me via Docusign to sign.

Vogager
Vogager (@guest_1801098)
February 21, 2024 15:51

Thanks! Does Reward tracking show up in the app for CPC bonus, like total checking and savings bonus?

sg77
sg77 (@guest_1801107)
February 21, 2024 16:11

I’m not aware of any tracking for the CPC bonus, though I didn’t look around for it. The bonus posted for me 95 days after enrolling in the offer (i.e., 5 days after the 90 day hold period).

Jamie
Jamie (@guest_1801256)
February 21, 2024 21:33

How did you find this willing advisor .. via the app or by going to different branches? How many did you go thru to find this one?

Vogager
Vogager (@guest_1800438)
February 20, 2024 07:25

Does JMP full-service brokerage account have a transaction fee? According to this guide, it’s 1%, is it accurate or am I missing something?

Guide_to_Investment_Services_and_Brokerage_Products.pdf (jpmorgan.com)

sg77
sg77 (@guest_1800888)
February 21, 2024 01:45

That fee doesn’t apply to trades you make yourself on the website. Maybe it applies if you ask the advisor to make a trade for you.

Joe
Joe (@guest_1801790)
February 22, 2024 20:01

It was not as smooth for me to open the account in a way that the guy pretty much was pushing for his involvement with trades and at the same time I didn’t want to tell him that I want to do the trades myself because I thought he might not agree to open an account.

The guy said that there are basically 3 different levels of accounts – first one, I can tell him which ETF/Funds etcl, I want to buy and he will place the order and there is a flat fee per trade. The second one, he will recommend and it will be fee based and the last tier where it is a fully managed with 1% + management fee (not 1% but 1% or higher). Anyway, since I wanted to open the account anyway I asked him to place in in the first-tier and if I am interested then I will move to the next level.

I haven’t signed the docusign yet and At this time I do not know yet if I can actually buy sell ETF/Funds without any fees or without placing trades through him – is it actually possible to buy/sell directly from the website? Could someone please tell me if it is possible to trade without his involvement? Thanks!

Guy
Guy (@guest_1799315)
February 17, 2024 21:51

Does Chase allow “Partial” Asset Transfers fully online (without submitting any paperwork)?

Eric D
Eric D (@guest_1800325)
February 19, 2024 22:03

You cannot do ACAT online with a full service brokerage account. It has to go through your advisor.

Vogager
Vogager (@guest_1802482)
February 24, 2024 08:53

You can do full account transfers but not partial. Partial requires filing up the form and submitting it.

T
T (@guest_1796074)
February 10, 2024 12:27

DP: Opened a CPC Checking account today with the Branch Manager of my local branch. Initially scheduled an appointment through the app but the Relationship Manager I was assigned to called to reschedule because he couldn’t open CPC accounts.

Entire process took just under an hour. Requires two forms of ID even if you have an existing relationship; a DL or passport and a credit/debit card works (https://www.chase.com/content/dam/chase-ux/documents/personal/checking/acceptable-forms-of-identification.pdf). Banker entered the coupon code for the promotion and at the end of our transaction printed a document confirming the offer.

No requirement for any initial deposit. Told the banker that I intended to wire funds in. No monthly fee applies for two statement cycles (top of pg 16, https://www.chase.com/content/dam/chase-ux/documents/personal/checking/ABSF-en.pdf).

Branch Manager wasn’t licensed to open a JPM account, but I have a Zoom call set up next week to take care of that.

Mike
Mike (@guest_1787478)
January 28, 2024 22:58

I got the Chase Private Client udgrade bonus in 2023, but I closed my Chase Checking account in early January 2024. I am still waiting for the 1099 form. When I log into my Chase account now, I can’t find the tax form. Anyone in the same situation or anyone has received paper 1099 for this? If so do you still have checking account open? Thanks.

Jay
Jay (@guest_1791003)
February 1, 2024 23:33

Probably in the mail. Regardless easy enough to put the $2k or whatever and list JPMorgan Chase Bank NA as payer.

Jaya
Jaya (@guest_1785685)
January 25, 2024 13:59

I am trying to do this bonus by transferring my investment account. I opened my chase private client checking account yesterday. Now, I have a brokerage from a couple of years back. I am not sure if that qualifies for the bonus. How can I find out if it is a full service brokerage account or not? I really appreciate advice from you guys

Jay
Jay (@guest_1785736)
January 25, 2024 15:38

Did you open it with an advisor? Does it say JPMorgan on your dashboard and on statements? If you’re unsure call the JPMorgan wealth management general support number https://www.chase.com/personal/investments/advisor

Jaya
Jaya (@guest_1786514)
January 26, 2024 20:12

Thank you very much for your response. I did open with an advisor and it says JPMorgan and full service brokerage on the statement from 2 years back. On the dashboard it displays as just “Brokerage”. But I will contact the support and get back here so others could use my datapoint

Jay
Jay (@guest_1786520)
January 26, 2024 20:22

It’s (still) the full service brokerage. It’s just called a brokerage account. By being under the JPM side it’s full service.

Of course you can confirm still .

Tommy
Tommy (@guest_1794835)
February 8, 2024 03:01

Jaya @ Jay
Any update on this?
My private banker detached themselves from the account, and it just says “Financial Advisor” on the statement and also when clicking on the “i” symbol in online banking.

Does that mean that ACAT account transfers, etc can now be handled by any banker? That would actually be an improvement, as my previous person was non-responsive and wanted me to come into the branch for everything. That’s why I emptied out the account so that I could get access to the general customer service again.

Jaya
Jaya (@guest_1795224)
February 8, 2024 17:16

They said they will research it and get back to me in 6 business days. I will update here once I hear anything back.

Steve
Steve (@guest_1812664)
March 12, 2024 17:44

Jaya
Is there an update that are able to share? Does the brokerage account now have an advisor attached (assuming that the previous advisor detached themselves).

Jaya
Jaya (@guest_1812668)
March 12, 2024 17:48

No, it still does not have an advisor attached. But I received a secure message confirming that this account qualifies for the bonus and I saved that message.

I am not yet at 90 day mark for the bonus. I will confirm if the bonus posts automatically.

Steve
Steve (@guest_1813843)
March 14, 2024 16:37

Jaya
Thank you for providing the DP we are all waiting for 🙂

Who did you contact via secure message (CPC checking account person, or brokerage customer service)?

Did you ask them whether the brokerage account qualifies for the bonus, or whether the brokerage account balance qualifies to waive the monthly CPC checking fee (I think there is a difference).

Jay
Jay (@guest_1795228)
February 8, 2024 17:20

CPC banker is not who manages your investment account. Just call the general JPMorgan wealth brokerage support number. You can also initiate ACATS online for existing brokerage accounts.

Eric D
Eric D (@guest_1800326)
February 19, 2024 22:07

From my experience, you have to go through an advisor to have it done for a full service brokerage account.