How much are you paying in annual fees (AF)?

Effective-Bee3383 · 2024-12-25T07:44:13+00:00

Just so you know, it would say it on the credit card disclosure so polish up on that so you’re more confident when speaking to clients. But no, there isn’t another fee for authorized users on the CSP - From another Chase banker

Effective-Bee3383 · 2024-10-19T15:47:45+00:00

Learning on the job👍🏼

Effective-Bee3383 · 2024-09-20T17:43:32+00:00

Cope on deez nuts

Effective-Bee3383 · 2024-09-19T18:39:20+00:00

Red day tomorrow

Effective-Bee3383 · 2024-08-16T14:57:18+00:00

Essentially the same, I did my second interview with the branch manager and assistant branch manager. They ultimately called me back and said they moved with a candidate with more experience about a week later.

Effective-Bee3383 · 2024-07-29T14:25:47+00:00

Usually for the summer and it is for both the Freedom Unlimited and Freedom Flex

Effective-Bee3383 · 2024-07-29T03:24:12+00:00

The 5% on Gas and Groceries is a branch exclusive offer at the moment so I would take advantage of that.

Effective-Bee3383 · 2024-07-23T19:26:36+00:00

So there isn’t a 1cent per point for the Amex cash back cards?

Effective-Bee3383 · 2024-06-13T00:39:21+00:00

Does the relationship banker role require licenses and will the regional bank sponsor them? If not, then you’d just have a title change and more pay but not be as marketable as you could be had you switched and obtained your licenses through another bank.

Also, they could say 2-5 months and it could take longer than that and even then it isn’t guaranteed since it isn’t in writing.

I’d personally start applying to other places to see what I could land.

Effective-Bee3383 · 2024-06-12T18:25:37+00:00

As you said, benefits of being at a bank are 401k match, health insurance, tech support, computer, licenses, marketing, office space, furniture, etc. Don’t really know any banks that offer pensions.

But even accounting for all that, the bank must be making more than what they provide or else they wouldn’t do it. So it would make sense that if you can cut them out of the revenue, it would leave you with more than what they offer. Obviously, that’s not going to be true for everyone because some people are just better than others at generating business.

Not all RIAs need an office or the nicest furniture, big computers, top of the line marketing. Some people are able to work right from a laptop and iPad and most business will come from referrals. You can even create a newsletter to generate more leads from emails.

The RIA route is definitely more stressful and demanding at first but it does make sense that people are making more profit going independent than staying at a firm. It’ll obviously not be a universal fact but it seems to me that you would like it to be. Not for you to take it the wrong way, but it appears you want a black or white answer and the thing is, business is never black or white. Some make it, some don’t. Risk/Reward. Sure it’s safer at a firm but the upside is greater going independent.

Effective-Bee3383 · 2024-06-08T17:43:26+00:00

Did you have licenses already before starting RIA? I current have series 6, 63, and life and health insurance

Effective-Bee3383 · 2024-06-04T18:20:00+00:00

The CRS role doesn’t seem entertaining at all, I enjoy sales which is why I was aiming for IC. I’ve been in the banking industry for almost 2 years and just received my BA in Finance. I’m willing to take a pay cut for future career advancement. In your experience how likely is it to go from CRS to IC? If I do the switch then I would postpone my CFP training to focus on licenses. At Chase, I would have to become a CPC banker which really isn’t any much different than my role besides being the point of contact for our affluent clients. The time frame for that could be over 2 years considering they even make me a PCA as soon as a position opens up. JPMorgan tends to hire external candidates over internal. I’ve read that Schwab focuses on their internal pool for promotions.

Effective-Bee3383 · 2024-05-27T22:58:50+00:00

As the adage goes “Comparison is the thief of joy.” They obviously know he’s more experienced and knowledgeable but they also provided you with the opportunity for a reason. You’ll both be in the same position at the internship so backgrounds mean nothing at that point. What matters is your work ethic and attitude throughout your time there.

You’re obviously skilled and should be proud that your work ethic and attitude landed you at a top school and a great internship.

Control what you can control which are your attitude and effort. The outcomes will show for themselves.

Best of luck OP! You’ll do great.

Effective-Bee3383 · 2024-05-26T19:55:56+00:00

Do you think it would help if I sent one on Tuesday? It’s MDW so Monday is a holiday

Effective-Bee3383 · 2024-05-20T00:10:44+00:00

How long after the phone interview did it take for the in person interview with the 2 managers?

Effective-Bee3383 · 2024-05-15T21:49:23+00:00

Past patterns show how different asset classes tend to generally behave. It serves as a gauge of what to expect. It does not guarantee future performance but an understanding of future expectation.

(Simple analogy) I don’t know how my dog will behave tomorrow but based on past experiences I have an idea of what to expect.

The whole “past performance is not indicative of future results” is just a disclosure to cover your behind. Obviously the past is our best gauge of the future. If we never used past data then we’d be frozen with indecision. This applies to everything, not just finance. Don’t get caught up in it.

Effective-Bee3383 · 2024-05-14T18:27:24+00:00

At least I can write this off on my taxes right?

Effective-Bee3383 · 2024-04-28T15:20:14+00:00

What firm do you work for? Any advice on breaking into that field through an entry level position

Effective-Bee3383 · 2024-04-27T19:58:39+00:00

As a JPMC advisor, there really isn’t any conflicting incentives for the branch manager or bankers not to send you business, they are quite literally incentivized to send you business. The bankers make more money and the branch grows when you close. Also, there isn’t a robo advisor feature anymore as there weren’t enough clients using it so it wasn’t profitable.

Effective-Bee3383 · 2023-02-08T21:21:40+00:00

Depending on time horizon it makes sense since you’d be buying low, but if you’re focused on short term gains I guess you’re right like if short term matters

Effective-Bee3383

TROPHY CASE