It's not that complicated. Find the best competitor offer - they will match it. That's it. Can you find a competitor offering more than $3k for $1m? Takes about 10 seconds.civiltoatee wrote: ↑Thu Aug 26, 2021 7:45 amThis thread has been extremely helpful in clarifying what Schwab can typically provide and I want to thank all those that have participated.Average Investor wrote: ↑Wed Aug 25, 2021 11:55 pm;—)nalor511 wrote: ↑Wed Aug 25, 2021 4:35 pmI'm guessing $1mil, because 2-4 seem right for $1mil, #1 seems a little low, but could be a no haggle offer if the other points were more importantRubyTuesday wrote: ↑Wed Aug 25, 2021 4:27 pmBtw, would you mind sharing rough size of portfolio transferring and PAL limit?Average Investor wrote: ↑Tue Aug 24, 2021 3:28 pm Just some data points for a pending asset move from Vanguard to Schwab. I was able to negotiate:
1. $3000 bonus.
2. Reimbursement of transfer fees.
3. Vanguard mutual fund fee waiver.
4. PAL loan at 1.25% over SOFR.
I have been reviewing advertised bonus offers from other brokers and the typical bonus for $1M-$2M is $2000 and a $3000 bonus is for amounts greater than $2M. There seems to be the implication in these recent posts that a $3000 bonus can be negotiated for amounts over $1M, but less than $2M. Is that the case or am I misreading something?
It doesn't matter what the "average" offer is, it just matters what the best offer is, then you ask them to match it.