Seeking Advice on Hedge Fund to Wealth Management Career Transition

My background is quant macro trading for hedge funds/family offices in major cities. Around 20 years of experience. I'm from a mid-sized regional city and moved back to help aging family which wasn't the best career move but priorities change. There are virtually no firms here that value my skills and experience so I started my own boutique RIA but finding clients is cold sales and I'm not very good at it. I've talked to some local firms but it is mostly selling overpriced annuities/insurance and eat what you kill. I've been reading about private bank strategist roles or portfolio manager roles but they all seem to have a sales focus. I'm not against doing some client facing stuff and selling, but hard sales won't be a good fit, if it was I'd stay solo. In theory, I could find a job as a strategist/portfolio manager with a client facing component where I could gain clients gradually while earning a living. Seeking some input from those with experience on the types of roles and firms that might work. If my theory is unrealistic, hearing that would be helpful too. Thx 

 

Corporis quis est quis quo hic animi. Quisquam aliquam ipsam praesentium ut dolores. Illo iure voluptate ut esse. Cum at fugiat vel qui expedita totam eaque enim. Voluptas aliquam enim non ut nulla.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”