Does Chase Bank Offer Investment Services Reddit

Anyone familiar with JP Morgan Hunt Private Client Advisor role? Seems like a smashing gig but I wanted to hear if anyone thinks otherwise

I'm in the procedure of interviewing for a PCA role within a Chase Co-operative. I'd brand a $100k base for a couple years as I build up a book of clients. I'yard free to call any client in the co-operative and the tellers/bankers are heavily incentivized to requite me referrals.

It seems similar a dream come up true for building up a book of business but I'm wondering if anyone has heard or experienced otherwise. Thanks in accelerate

level one

PCA in TX here. Because I'm paranoid that the powers that exist monitor these things I'd be happy to talk with you privately, either send me a DM hither or find me on FB and send me a message there.

level 2

Haha sounds good, I'll DM you.

level 1

I can merely speak though others experience simply...

you'll exist treated equally a number, not a person
enough of opportunity
if you leave them get later you lot
one mistake (no matter how small) they will burn down you

Having said that, I think it'due south a great manner to start, build clientele, and hope you tin can accept clients with yous eventually

level ii

Cheers! Can y'all give me an thought of what's a mistake they'd consider firing someone for?

level 1

Tellers accept nil incentive to refer to you or a banker.

Your banker volition be anywhere from somewhat savvy to having no clue how wealth management works. They're given zippo training and the good ones are fleeing later on significant compensation restructure.

You lot will go referrals, just your average referral will exist at all-time " so and so doesn't similar their savings business relationship rate, can you call them about doing more than"?

Decent opportunity to grow a book simply don't count on quality (or quantity) referrals.

level ane

I call up it is a swell identify to beginning your career, learn , but never a good long term strategy unless u accept a great location, manager and supervision manager. I dont think they hire seasoned advisors… their objective is to rent 100, and await 10 to succeed.

level 1

As a recently Onetime Individual Customer Banker, the PCA position was a great gig. It may all the same exist. The issue is and moving forward is how Hunt is treating their Private Client Bankers(PCBs), I really enjoyed working with my PCAs and had no problem referring clients to them. Fostering that relationship as a PCA will exist huge. Having said that, Over the last couple of years Chase has severely cut the incentive programme for PCBs. Many experienced PCBs that I know are burnt out and don't experience valued. So finding a PCB that will be hungry looking for leads may be a fiddling more difficult than what the culture used to be. I recollect if you lot are hungry and a self starter, the PCA is a great position to kickoff at. Simply don't expect you will be given leads from your bankers anymore.

level 2

Dang, thanks for the headsup!

level 2

Admittedly this. Your PCB will find a decent opportunity, and as you lot're planning next steps their managing director will pull them out to run a ii hour fraud merits for someone with $100 in their account considering they're the only person working in the co-operative.

I sympathise people with lower balances need aid too, simply it's painful watching your all-time referral source wade through hours and hours of service that isn't making you or them any coin.

level one

I more thing - the music is weird and cringy AF. Talking to one thousand thousand dollar prospects while party in the USA and Backstreet Boys is playing in your office.

level 2

Hahaha that sound bizarre, thanks for the headsup 😂