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re: Consolidation keeps coming for hedge funds and other prestige sectors in finance

Posted on 5/8/16 at 12:55 pm to
Posted by Old Sarge
Dean of Admissions, LSU
Member since Jan 2012
55445 posts
Posted on 5/8/16 at 12:55 pm to
quote:

I obviously dont know much but if you have enough cash will ken griffin or steve cohens firms take you on as a client? I have a ton of cash in my chase private client group but its a waste of money their fees are comical, I really want to pull it out but before I gave it to them 2 years ago, they were nonstop with the phone calls bugging me eventually I just said here leave me alone.. The money I have managed on my own has done better. Id love to have one of these hedge funds handle my money.



I'm glad you posted this, an account manager to Chase private client has been chasing me as well about the funds in an account. I need to tell them thanks but no thanks.
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 5/8/16 at 3:14 pm to
old sarge, the fees they charge per trade are silly. I outperformed them by a mile in my personal account with just visa,phillip morris and altria last year on my own. In all seriousness you could just buy SPY and its pretty much what they're doing for you and charging you for it. I gave them some of my cash just so they'd leave me alone and it definitely made getting a boat loan and second home loan much simpler bc they were controlling my assets. Regardless, its a waste of time, you can buy the SPY and save a ton in fees.

This post was edited on 5/8/16 at 3:15 pm
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