Already have their gold card and an active Roth IRA and Brokerage account (both minimal $). However looking to consolidate my main investment accounts.
Taking the Robinhood transfer bonuses would net 20-30K more vs bonuses from consolidating under BOA/Merrill). But what if something goes wrong? A 5 year clawback makes me hesitant if something goes awry. Buy and hold type of investor FWIW
So 2 questions for those who are knowledgeable about these things?
1. They are SIPC Insured sure with additional umbrella coverage…but what is a realistic worst case scenario. Something like a SVB debacle?
2. Assuming the gold card benefits eventually get nerfed, what another negative surprises could potentially come down the pipeline?
TIA!