Benefits of Large Balances at Certain Banks and Brokerages

[mb196]

I'd like to know of real benefits offered by large banks, financial institutions or brokerage houses.

For example, Bank of America offers a "Preferred Rewards" program that gives you free stock trades and increases the percentage of miles/points received on their credit cards.  Starts at 50K

Chase offers the Chase Private Client (CPC) with fee waivers and access to their Client Arts & Culture program.   Starts at 250K in deposits.

I learned of Vanguard Flagship services which start at 500K and connect you with an advisor, but I don't know if this is an unbiased advisor or someone who is going to sell me their products NOT based on what's best for me.

Are there any other benefits offered by other banks or brokerages?   I'm referring to quantifiable benefits, not a toaster or some BS.

[SwordGuy]

I periodically qualify for that program with BOA when I receive funds and before I invest them elsewhere.   Frankly, it provided little of value to me compared to the certain loss of holding lots of cash in account that paid piss-poor interest.  A few months after my balance drops they drop me from it.

[2sk22]

We have had Chase Private Client for a while now but the main practical advantage that it offers is one that I cannot take advantage of now, namely eliminating ATM fees while traveling abroad. Also, I was able to get a Chase Sapphire Reserve card with a better sign-on bonus. Not too many other advantages in my opinion.

[EricEng]

Ameritrade offers an elevated client service group for free to those with combined account balance of $1mill+.  Let's you skip the phone line, they do more for you, and are their most competent folks.  Also seem to be all wire fees waived.

[mb196]

Thanks to all for your responses.

I'd to hear from someone who has had the Vanguard Flagship benefit and see if it's real or just them selling you.

About the Chase Saphire Reserve, through my own tracking I noticed that the signup bonus for that card varied depending on the time or the link that you used.   Some bloggers offered 50K signup bonus, others offered 100K.   I remember using a 50K when I signed and learning a day later that there was also a 100K option.   I went back to my banker but there was nothing he could aside form closing it and reopening it, which I declined since I didn't want all that noise on my credit report.

[BECABECA]

Thanks to all for your responses.

I'd to hear from someone who has had the Vanguard Flagship benefit and see if it's real or just them selling you.

About the Chase Saphire Reserve, through my own tracking I noticed that the signup bonus for that card varied depending on the time or the link that you used.   Some bloggers offered 50K signup bonus, others offered 100K.   I remember using a 50K when I signed and learning a day later that there was also a 100K option.   I went back to my banker but there was nothing he could aside form closing it and reopening it, which I declined since I didn't want all that noise on my credit report.

I have the Vanguard Flagship benefit, but I haven’t used the advisor. The special phone number for Flagship customer service has very minimal wait time (even during market hours last week on one of the days we triggered the 15 minute pause in trading), they’re able to answer all sorts of complicated questions. I haven’t ever felt like they were trying to sell me anything when I’ve called in. As for the advisor, Vanguard’s financial advisors are Fiduciary financial advisors, so they’re legally restricted from making commissions or giving you any advice that is based in a conflict of interest.