Question: “If banks only insure $250,000, you’re certainly not gonna set up hundreds of accounts to keep it insured. What banks will take millions and keep it insured?”
This is an excellent question. When I used to meet with my previous wealth advisor at Chase Private Client, I asked her this and she said that there are different tiers of banking, especially for high net worth individuals. Like you would need a minimum of $5M to even qualify. Next time you are at the bank, ask to sit down with the branch manager or premiere banker and ask them what they offer. : Thom
