Reply to Where do you bank if you have a high net worth?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My ML broker does essentially anything I need: contest a credit card charge, overnight something to me, waive a charge, etc. makes it very easy for me. [/quote]

And you have no f'ing clue how much you are overpaying them. Do all of you clueless people belong to the same club?[/quote]

Enlighten us how we are overpaying them.  Unless you claim that their bid-ask is fraudulently high, my ML rep does everything for free.  Don’t use him to buy and sell stocks, pay 0 commissions, get access to IPOs they underwrite, etc.

I assume you don’t physically hold your own stock certificates but use a broker/dealer as well.[/quote]

OK Nubcakes, who is paying your ML broker?[/quote]

There may be others that actually pay him for a higher level of service and I know he also handles business treasury accounts.

However, if you don’t want him to buy and sell stocks for you or do any heavy lifting financially, he doesn’t.  He doesn’t care if all your trading is online direct.

So again…unless I am in fact paying $.05 more per trade vs the next guy…tell me exactly how it is costing us more.

BTW, I guarantee whichever firm you use has a layer of people available for HNW clients.[/quote]

So what services do they provide to you for free?[/quote]

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