If YOU won the lottery, who are you hiring?
If you won the lottery or came into some unexpected windfall, which firm do you trust the most to be your main all-around financial advisor? Is there a "tier-list" of AM firms for UHNW advisory?
If you won the lottery or came into some unexpected windfall, which firm do you trust the most to be your main all-around financial advisor? Is there a "tier-list" of AM firms for UHNW advisory?
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Career Resources
Based on the most helpful WSO content, here's a tier list of Asset Management (AM) firms, particularly focusing on their reputation, culture, compensation, and difficulty to land a seat:
Equities:
Top Tier:
Second Tier:
Fixed-Income:
Top Tier:
Second Tier:
For UHNW (Ultra High Net Worth) advisory, firms like Capital Group, Wellington, Fidelity, BlackRock, and PIMCO are highly trusted and reputable. These firms are known for their robust asset management services and have a strong track record in managing large portfolios effectively.
If you are looking for a comprehensive financial advisor, these top-tier firms would be a reliable choice due to their extensive experience and expertise in handling significant assets.
Sources: Can someone make a LO AM tier list?, 2023 Consulting Tier List, Calling all Financial Advisors: What products do high net-worth people use to manage their wealth?, A Definitive Prestige Tier List of Everything, Ranking the top Asset Management firms
My friend is UHNW banker at JP Morgan. So that’s my answer
How do they like it? They making good money? Seems like an awesome gig that’s often overlooked.
Haha my friend makes 2x my post bonus salary so I’d say they are enjoying it
Pictet
Any answer other than Nancy Pelosi is just wrong
I wouldn’t have someone manage it for me but if I wasn’t financially literate enough to manage it myself, I’d hire a private RIA that deals only with UHNW people. Lots of them out there, which you choose sort of depends on what you want out of it. I would not hire a private bank or large broker dealer.
Vanguard
Family office.
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