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Does UBS have a PWM SA in home office?
Is there a PWM SA in NYC? I heard there's no pipeline from SA to full time offer for UBS PWM, is that true?
Including Major Gpa and leaving off cumulative GPA off resume?
I have a 3.7+ major gpa in a business related major(non-finance), ~3.0 cumulative gpa, and 2 finance related internships. I am looking to recruit for full time 2025 positions for Wealth Management, Private Banking, Commercial banking relationship management, and possibly corporate banking. Is it ok...
What Are the Financial Potential with Regions Bank Wealth Management Services
Discover the key to achieving your financial goals with Regions Bank Wealth Management services. Our team of experienced advisors is dedicated to helping you navigate the complexities of wealth management and create a tailored plan that aligns with your unique objectives. From investment strategies...
Ares- Global Client Solutions pay structure
Hi Chimps, Currently a 3rd year associate in PWM at a bulge bracket bank and looking at roles within Ares Global Client Solutions group, trying to get an understanding on pay structure as an associate specifically. Currently my total comp is made up of hourly pay, overtime, firm bonus, and a team...
Should I leave my GPA off my resume?
This in regards to applying for full time wealth management and private banking roles. I am a junior with a 3.1 cumulative GPA and 3.85 major gpa for business management. I have 2 finance internships(one is in wealth management) and want to know would it benefit me to leave my gpa off or only put a...
23 Exec. Assist. to a CEO: How can I leverage this experience to benefit my future career interest of being a wealth manager?
I am a finance student who works as a remote assistant to a VC CEO. A little background about me: I really do not know much about careers in finance. I come from a very humble background with little to no knowledge/support in anything finance-related. One day, my best friend, who was an accountancy...
MSc Wealth Management and Private Banking
Which is the best master program so in the future I can work in Wealth Managament / Private Banking? From what I was searching and since I do not speak french there are some specialized programs in the area from the unis: -Luxembourg School of finance -International university of Monaco -University...
Laid off, Career advice - HNW Wealth or Credit at Agency
Looking for a bit of advice on direction. Currently 2 Years out of College, did 1 year of back office at "BB", $80k, then 1 year in Tech Sales (Finished at $105k) then got laid off - this role consisted of selling fundamental data to Hedge Funds/ AM/ Equity Research teams. I was supposed to get...
Blackstone's Taylor Swift themed Christmas video......thoughts?
In case you live under a rock:
Recruit for '25 IB Internships or switch from WM to IB as a Sophomore Intern?
Im a current sophomore at a semi-target with a 4.0 GPA. I have an internship offer to do WM at a BB and was wondering about chances to switch to IB come junior year. What are my chances + are there any downsides to recruiting while holding an offer at another bank?
Is PB/PWM product specialist a good choice for now?
Does anyone know PB/PWM product team compensation and career path in Hong Kong? I'm very curious about it. Thanks in advance.
WM Superday BB
Recently had an superday at a BB for WM and they called me a couple days later with an 'interview update' but the update was that there was no update and they haven't decided yet. What does that even mean? lol
Tax-efficient investment options
What tax-efficient investment options are available for long-term wealth accumulation?
Doing free cold outreach for Wealth Management Firms?
Hello, I'm a community college student in my sophomore year looking to do cold outreach in person for wealth management firms looking for new clients for them in my area for free this summer so that I can gain some experience on my resume. I know that CC students usually have a tough time getting...
Moving from private wealth management to investment banking (london)
Hi, So I am a recently graduated finance student from a non target wanting to get into IB. I have one internship in private wealth management at a boutique firm in london and networked a lot, had about over 50 calls however all haven’t really gone anywhere (tbh I haven’t really been keeping in...
Hello WSO Community! Seeking Entry Into The MFO Market
I hope you're all doing well! I wanted to kick off a discussion about a fascinating and somewhat enigmatic aspect of the financial world – Multi Family Offices (MFOs). These entities play a crucial role in wealth management and financial advisory, yet they often remain in the shadows compared to...
Rate my financial plan/Suggestions/Introduction
Non-target mid GPA broke boi here looking to scale long term. Had (past tense) solid capital growth plan in place: Saved about 10k from internship exiting school. Spent most on home furnishings, custom desk, LLC filing, other stuff. Net 0 10k savings still after sign on, relocation, few other...
Wealth management internship
Hi all. I am looking to apply for either wealth management and asset management but I was wanting to see from people in the industry. How do the internships differ? Also, what is normally done as an intern in WM and AM? Are the senior advisors open to discussing their reasoning for investing client...
Rising junior. Is it still possible to recruit for WM (even AM in general) in the end of July?
Got into finance recruitment really late, and it seems like most roles are filled in? not really sure how to approach the process of breaking into WM and will be grateful for any advice.
Interested in Private Wealth Management internships but have a 3.1 Gpa
Rising Junior at IU Kelley with a 3.1 gpa interested in Private Wealth Management and am currently completing a financial services consulting internship. How do I go about setting myself up for success asides from raising my gpa(on track to end with a 3.2-3.3 end of fall sem)? Looking into maybe...
Wealth Management Internship for future IB
I have an opportunity for an off-cycle wealth management internship for this Winter coming up. I eventually want to branch off into IB after getting my masters. I basically have free reign to pick whatever department I want (nepotism is a bitch). Basically I would like to know what departments would...
WM / PWM - Wirehouse Compensation Structure UK
As the title implies, given the restriction on commission based advice in the Uk is the pay-out structure for WM/PWM in the UK comparative to it's US counterpart ? Assuming a wire house i.e JPM, MS, UBS Example: US approach: Book: 100M Revenue = 100 *.01 = 1M (1% fee) Com base = 30% Pay-out,...
Where to learn trading & to build a good track record for a HF
I am wondering where and how to learn professional trading with the goal of having a strong track record, being seen by investors as an emerging talent, and working as a trader at a HF or setting up your own. Additionally I want to use this knowledge for my own asset and wealth management structure....
Approach to succeed at fundraising
Can any of the senior monkeys share experiences on how to learn fundraising successfully? My idea would be to do an equity research internship at a family office to learn when HNW investors make an investment decision.
Intern at Family Offices
How can you find good family offices where you could theoretically intern to analyze and research new investment ideas? I imagine it would be similar to equity research, but with the benefit of learning first hand when HNW investors decide to invest.
Wealth Mgnt vs Commercial Banking : Which is more valuable to a regional bank?
Does adding a retail wealth management business add balance sheet and P&L value to a regional commercial bank? Specifically, does the wealth business (estate planning, tax, investment etc) add more value than the commercial banking business?
Active debt settlement with bank I am interviewing with. Will it disqualify me from receiving an offer?
Hi Monkeys, I have an credit card settlement (which I am paying as agreed). The settlement happens to be with the very BB bank I am interviewing with. If I were to receive an offer, is this something that would result in an offer being rescinded or fired down the road?
Freshman Intern Lateral from WM to IBD
Going to work at WM this summer. I like the WM team but would love to work in the IBD side of the bank (not a BB) in the sophomore summer. How should I approach networking in this case so it's not weird but still make it effective for hiring? Im not diversity
MBA worth getting for WM sector?
I would like to hear your thoughts on whether or not a MBA from a top ~20 school would be advantageous or not for a career as a Financial Advisor. I want to hear your thoughts if you are for it or against it - and why.
JPM Private Banking Groups
Hello all, Know that PB at JPM has different sides like Advisors and Investment Solutions, but I want to know more about the details of the groups and teams at PB. As I know, Advisors can also be split into lending, bankers, and investors (but I don't know the differences between "investors" and...
JPM Private Bank Bonuses
Basically just title - does anyone have any color as to what bonuses are like in J.P. Morgan Private Bank at the analyst level? I know An1 base is 100k, and I'm pretty sure An2 is 105/110. Would really appreciate some insight!
Advice for a French Finance Student Seeking to Succeed in Wealth Management in the US
What steps can a French finance student (business school) take to succeed in wealth management in the US without any prior work experience in the industry (only one internship in a bank)? What skills and qualifications should I focus on developing? Also, which fields/companies should I target for my...
Best Wealth Management Firm
UBS is the best Wealth Manager in the world. Being a swiss bank you don't hear about them as much as you might a JP Morgan, GS, etc in the States. Their CEO openly states that UBS's wealth management is at the core of their business. There is not a lot of info on UBS so just wanted to post about it...
Wealth Management - Credit Risk career path
Hello, Has anyone here any experience with/knowledge about the career paths on the Credit risk side of Wealth Management departments ? More precisely, do you think one can -after a few years of experience - move to Credit Risk teams dealing with corporate clients (eg. LevFin credit risk, Corporate...
Re: GS Layoffs - Can FT Offer be rescinded? Incoming Analyst after Summer
Obviously there's been much chatter lately about layoffs at GS, rumors of it starting next week - much of the cuts will be in IBD & Consumer divisions. I interned with the Wealth Management division this past summer and was also one of the first few interns to hear back about a FT offer. I can also...
Wealth management basic template
Hello to all I am new to this community so I wanted to ask the more experienced people here where I can get my hands on a basic wealth management/net worth management template on MS Excel. I am looking for nothing advanced or sophisticated. Just a basic sheet would do. I hope you can help. Thanks.
Wealth Management Basic Info
I am a current sophomore at a solid/decent target undergrad business program with a pretty good finance placement record heading into my recruiting semester for IB . I still don't really know what I want to do with my life, but the general field of finance is probably where I will end up unless...
Why is Wealth Management important?
What is wealth management and why it is important. And are there any wealth management companies in the middle east?
Early Insights Programs + 2-Day Superdays: How to conduct yourself at dinners, interviews, workshops, and senior leader chats
Hello Everyone! Now that there has been a return to in-person events, I'd love to hear some advice from senior professionals on how potential interns can best stand out when it comes to super days and early insights programs from an etiquette stand-point. I have a 2-day (one-night) early insight...
CITI FT 2023 Wealth Management
Haven't seen a discussion on this. Just wondering if anyone has received an interview yet or know where exactly they are in the recruitment process?
Best Practices And Gifts When Networking With Independent RIAs, Is Booze Ever An Apropriate Gift?
What are some appropriate gifts for senior folks at large independent RIA shops who show interest in possbily being a refferal partner to my firm? I mostly just need to find the balance between keeping in touch and demonstrating continued interest without coming off as pushy or trying too hard. My...
How to approach wealth building if you're not going to have kids?
I am in my early 30s, I have had a successful 9 years working in Investment Banking, always being a top performer and getting top reviews. Over the past 3 years I have successfully transitioned to the most "sales" part of the job, getting a lot of face time with clients and building strong...
Financial Planning vs IB- my career choice...
Hi all, I would love to hear people's perspectives on my alternative career choices in finance- financial planning or investment banking. For some important context, I am from Australia and the 'IB Pathway' is not nearly as prestigious and lucrative as other places in the world. I write this knowing...
Q&A: Non target/foreign international in wealth management at a Canadian big five bank.
Hello, apes! The WSO Team believes this is a good idea - so, here we go. I have been a longtime ape on WSO and have cumulatively spent weeks, if not entire months, scouring through the nooks & corners of the platform. Now – I believe it is my turn to pay a little back to the community. I am a...
BoA Wealth Management Sophomore Summer Analyst Timeline
Hi all. I recently applied and did the Hirevue for the BoA Wealth Management Sophomore Summer Analyst 2023 program and wanted to see if anyone else here on WSO also applied, either this year or in the past. What's the typical recruiting timeline for the role? Given that they close their applications...
CFA vs CAIA
Which is better between CFA or CAIA to pivot later in an investing role at a Private Bank / Family Office (possibly focused on alternatives) in Europe? Brief background about me: Fresh graduate (target) working for a quite well known LP in Germany doing primaries and co-investments (mainly VC,...
Private Banking at JPM
Hello all, Whats the private banking industry like, especially at JPM? Such as work, comp, culture, hours, exits potentionally
Please Help Me Decide - Stay at my current job or take another route?
Hi folks! Thanks for reading. Your opinion on my situation is much-appreciated. Context: I am in my mid-late twenties, and my ultimate goal is to start an investment company. I am not sure what kind yet, but I am thinking either something structured like Berkshire where I can buy stocks and other...
Moving from Consulting into PWM
Has anyone here moved from Consulting (Strategy/Finance at a B4 firm) into PWM? I've been accepted into a T15 MBA and am considering PWM as a career option after that. I'm wondering if it's common path to get into the PWM world - are there firms that hire MBA's more often than others? I know it's...
How do wealth managers work with private funds?
This may be a very basic question, but here it goes: What is the financial arrangement/relationship between a bank's wealth management team and the private funds that they place their client's capital into? So for example, if a wealth manager convinces a client to invest X amount in a private equity...
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