Chase Private Bank

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Jun 7, 2006 10:13 pm

I have been speaking to a guy who holds his accounts at Chase Private Bank. Does anybody have any experience in competing with them? Any idea of minimum account sizes that they deal with there? I know our PBIG can only handle 10M and up, so I wanted to gather an idea of their "sweet spot"... Thanks.

Jun 8, 2006 9:32 am

I worked for them a while back. At the time they wanted to go after $25 million relationships & above. The "poor" people ($10 million & under) were put on a different platform. But now that Dimons' there who knows. The one thing that was good about JPM was that if you had real estate and/or oil & gas interests, they could do a better job than a wire.


BUT, they've had so many changes/mergers over the last decade your prospect might be tired of them. There's some people in Houston that work for MER now in the trust area that worked for JPM. You could call them and they could give you better info.

Jun 8, 2006 10:49 am

No idea,


Thanks for the input... The organizational changes were a concern of his, and the fact that we have a local Trust Dept here may ensure us at least bidding for the business at some point... All in all, I believe the prospect may have 12-15 large...

Jun 8, 2006 11:46 am
blarmston:

No idea,


Thanks for the input... The organizational changes were a concern of his, and the fact that we have a local Trust Dept here may ensure us at least bidding for the business at some point... All in all, I believe the prospect may have 12-15 large...




$12-15?  Two words bro:  Index Annuity

Jun 8, 2006 1:33 pm

haha... mil bro... mil... and the team I am assembling to bid is ridiculous...

Jun 8, 2006 1:44 pm

Mr. Prospect, I don't want to manage all your money.  Just the money that you can't afford to lose.  Lets put $5 million into the Allianz MasterDex EIA.



Blarm when the $500,000 GDC hits your commission run maybe you will be able to afford a down payment on a one bedroom condo in San Diego.

Jun 8, 2006 5:08 pm

"Blarm when the $500,000 GDC hits your commission run maybe you will be able to afford a down payment on a one bedroom condo in San Diego"


Good stuff... Until then, I will chill in my 2 BR place one block from the bay and 4 blocks from the Pacific...


Sooooo.... Nobody has anything useful on Chase PB???