$700k/yr income in WM or leave to try to be a PM & hopefully start investment company in the future?
An opportunity has opened for me to be making approx $700k/yr doing wealth management/financial advising. My ultimate goal is to start an investment company like Berkshire Hathaway, or start a hedge fund. Just something that does pure capital appreciation and not life insurance, annuities, retirement planning, and other random stuff I will have to deal with in WM. I'm almost 30, and $700k is a lot of money. Will my experience in WM help towards my long-term goal? To what extent will the skills transfer? and which skills will I be lacking?
I'm currently an AFA. I took the job to break into finance. My plan was to get experience,and/or , and then apply for an analyst or associate role, and work my way up in the world from there till I am successful and comfortable enough to start my own investment company. But now, this opportunity has given me more to think about. Those offering me the opportunity believe that making about $700k/year starting around age 30 will put me in a good place financially to start an investment company in the future. They also think that I can take the CFA and continue to prep towards starting an investment company as I work in WM. I on the other hand think WM on the scale that I am being offered will take up so much of my time that I might not be as good of an investor as I would be if I was focusing exclusively on investments as a PM without worrying about the auxillary stuff such as life insurance, social security rules, retirement planning, etc. But then again, I just don't want to walk out of an almost million dollar/year opportunity without serious thought. Please help! I need to decide soon. And by soon, ideally before the end of the year. The uncertainty and the weight of this is uncomfortable to carry.