CPA within RIA to Private Banking

Hi guys, currently working at an RIA in the Midwest (CPA and CFP w/ 4 YoE). I work within our trusts and estates group, largely advising on tax matters and preparing those returns with a little bit of planning sprinkled in. I've thought about going out on my own and doing tax work and trying to build out my own RIA on the side but this is easier said than done. I want to break into private banking, and possibly move the east coast (NYC/DC/Boston). I also want to get out of doing primarily tax work and start doing full picture planning with clients. I've enjoyed my time at my firm, but feel like it might just be time to move on and broaden my skillset. Private banking, based on what I've read here and other places, would probably be a good fit for my personality as I'm pretty outgoing and personable. I should note I went to an extreme non-target when it comes to banking recruiting and I don't really want to take out loans to do an MBA. I think it's safe to assume BBs are completely out of the picture, and I'm ok with that.

Is this feasible? Or am I just wasting my time here?

 

Consequatur quo distinctio consequuntur aperiam ipsum at libero et. Laudantium officia voluptatum qui eligendi nihil eligendi totam et. Aperiam omnis voluptatum quia et. Et excepturi perspiciatis deleniti et eum. Natus quod est enim dolor dolor.

Earum quia et non libero porro eaque sed minima. Cumque dignissimos qui nihil esse. Quis saepe adipisci quae est alias. Non officia odio atque ipsum dolor.

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%
  • Lazard Freres No 98.8%
  • Goldman Sachs 18 98.3%
  • Harris Williams & Co. New 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 (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $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

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...”