Aspiring Wealth Manager

After working several years as a health care professional, I retired to start my own securities trading business. I have since learned a great deal about the mechanics of trading and investing. I have succeeded at replacing a six-figure salary by posting average annual returns ~15% since 2008.

I would now like to start managing wealth for others and have been contemplating/exploring for the last couple years how to make this leap. I have the money to start a hedge fund or my own IA but I don't see a clear path to assets and I've been hesitant to potentially throw that money down the drain. I'm not a salesman. I do like talking with people, though, and I could talk at length about what I do.

More recently I have considered trying to hook up with an independent IA (whatever that means?) to do some trading for [some of] their clients. I would still want to trade my own account and perhaps work remotely. I'd be willing to go into their office semi-regularly, though, to review performance, talk with their trading team (if they have one?), and/or speak directly with their clients about what I do. Compensation could be performance-based.

Is this a good idea? Any suggestions how I might go about getting a gig like this? Any other suggestions on how I might go from trading my own account to managing wealth for others? If I can do it for myself then OPM seems like a logical next step.

Thanks!

1 Comments
 

Ea dicta cumque deserunt non. Dolorum eaque perferendis id commodi.

Sapiente dolor et dolore libero. Sunt non iusto porro nemo omnis excepturi totam. Recusandae aperiam minus alias.

Quam rem itaque autem sit quo. Quia beatae necessitatibus aut id. Quo facere est dolorem cupiditate et maiores.

Dolores error qui voluptatem possimus et mollitia exercitationem. Quos mollitia et consequatur. Aliquam quis sint at est quae aliquid.

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

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (68) $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
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
numi's picture
numi
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...”