1 min read
Sources:
Kevin's account, his own videos
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Short answer
His account, stated as opinion and experience: as a private-bank client with more than $10 million at the bank, he was refused institutional research, stood up when he asked the bank to custody his ETF, offered aircraft loans only with a re-margining clause he considered a margin call in waiting, and pushed to tax-loss-harvest Tesla into managed products. The breaking point was learning his banker was paid on total relationship value, so a client’s new debt counted like new assets. He says he will never do business with JP Morgan again, including on any future IPO. 1
Status: Private bank client (over $10 million at the bank, by his account)
The breaking point: Banker comp (paid on assets plus debt, he says)
His vow: Never again (including any future IPO)
Kevin’s account
This page is Kevin’s opinion and experience, stated plainly, as he asked. JP Morgan has not commented and nothing here is a finding about the bank.
Kevin’s account
Even though I was a private-bank client with more than $10 million in assets at the bank, the client they wine and dine, I eventually realized the bank just wanted more assets. When I asked for institutional research, they rejected me. When I asked them to custody my ETF, they stood me up. Twice I tried to get an aircraft loan, and both times they demanded a re-margining provision that could have basically margin-called my aircraft; I went to a third-party lender who offered a fully amortized 20-year fixed-rate product. When Tesla was down, they hounded me to tax-loss harvest, and in hindsight I felt manipulated: sell your stocks for a loss, roll into managed products, and if you want more debt, here is a line of credit. 1
Kevin’s account
The detail that ended the relationship: my banker was incentivized not on total net assets but on total relationship value. A client with $10 million in assets who took out a $10 million line of credit was suddenly worth $20 million in fees. That is why I left, and why I vow never to do business with them again, even on an IPO one day. That might sound vindictive, but when people show you that you should not trust them, believe them. 1
What he wants viewers to take from it
Ask how your banker is actually compensated, and assume the research and special products are often not for you. The company’s own no-debt policy is the same instinct applied to itself.
In his own videos
September 2026: the bankers at JP Morgan calling to suggest tax-loss harvesting Tesla. 2
He believes the bank was selling him debt and products, not advice, and he says so as opinion. JP Morgan has not responded and this site does not claim it would agree. 1
Simply put
✅ The complaints
➡️ No access to the bank's research.
➡️ No help custodying his ETF.
➡️ Plane loans with a clause that could force a payoff.
➡️ Pressure to sell Tesla at a loss and buy the bank's products.
✅ The last straw
➡️ His banker got paid more if Kevin borrowed money. He saw that as the wrong incentive.
✅ The advice he gives
➡️ Ask how your banker is paid.
Sources
Kevin's account, Why I left JP Morgan: “I found out my own banker was incentivized not on total net assets, but on total relationship value.” Read the excerpt
Kevin on YouTube, "Prepare for the -83% Market Crash" (2026-09-14), at 9:51: “every damn day, you know who's calling you? Your bankers. They're supposed to be your friend ... the people over at JP Morgan. Hey, you know Kevin, my man, you know Tesla's upside down. What do you think about selling something? We could tax loss harvest a little bit.” Watch from 9:51
