Salesperson said it would make for easier taxes since Chase would produce one paper statement for all accounts instead of individual statements for each holding.
Chase rep said they are no sales fees and no charges for Chase to be the "holder" of my Vanguard account. Any changes to my account would be processed through Chase. Account would not be part of the private banking which does charge.
I AM NOT moving my Vanguard account. I also believe there is no such thing as a bank brokerage not making any sort of money off of this.
Any other readers come across this with Chase?
We moved our money to Chase a few months ago for the $400 signon bonus and the banker was very adament in knowing "how much" money we had overall. Stupid us - told them. Mistake. Did I have to reveal that info? The banker said something to the effect that it was mandatory for Govt paperwork to know overall assets.
I am happy with the banking arrangement at Chase. But don't need them in anymore of our business.
Thanks,