When to go with discount, full-service, PWM, and private bankerIB
Does anyone know when it makes sense to go with each of these categories? And for the bankers out there, can you have a discount brokerage account? I would think there would be serious temptations that may occur arising if you could make independent trades.
Regardless, when does it make sense to go with:
1. Discount brokerage: Etrade, Scott trade, etc.
4. Private banking: Northern Trust, JPM, etc.