Hey, i'm looking for a bit of info about this job investment analyst job. I'm a bit confused because Wells I know has a investment management group in their wealth side that does has discretionary funds. But the job i've been asked to interview for is on their advisors side and apparently just there for investment advice. Anyone have any insight into how this is actually structured and/or what the exit options would be like?
FWIW here is the job description:
We are looking for a quantitative analyst to support our Advisory Services Group’s international investment strategists. The qualified candidate will be self-motivated, efficient and able to provide timely, carefully documented, and accurate quantitative analysis. Candidates will use excellent quantitative/analytical skills -- including strong skills in Microsoft Excel, and experience in statistical software (e.g., R, SAS, S-Plus, etc) and databases (e.g., Access) -- to value or forecast market prices using economic and financial models. Under the direction of the strategists, the specific tasks include (but are not limited to): apply inferential statistics and technical trading algorithms to develop models that value selected equity, bond, currency, and commodity markets; develop and maintain databases of equity, bond, currency, and commodity market returns and the economic and financial market variables used to forecast those returns; create documentation for all activities and work with Technology staff as needed in developing models; communicate model results to strategists and collaborate in forming investment strategies; write summaries of market performance and team strategy for publication; assist in monitoring strategy performance.
From my interactions with these guys, WF's IM arm is really broken down in two: - Wells Capital Management, which acts as a semi-autonomous asset management firm running investment vehicles, mostly long-only funds, if I remember correctly.
- Wells Fargo Advisers, which is the wealth management arm of WF that has all of the financial advisers and what not.
Looks like this job is working as a quant for the WF Advisers group. I'd imagine it involves making sure the advisors are pushing the right stuff from a quantitative perspective. Would be a great way to get in the mind of the retail investor / FA system, although that may be dying as we know it....
They don't have a big presence in London so I don't know many people on either side of the division personally, so take what I say with a grain of salt.
Hope this helps
Ok thanks, that makes sense.
That said, if I were to take the job do you think I'd be stuck working with retail investors or would it be possible to have exit ops into a HF or something similar?
Being on the quant side rather than the FA side it will be easier to break out. Still not easy though. I'd exit op would be more on the AM side rather than a HF or PE. It really depends on what you are doing though. From the description it almost looks like you will dabble in predictive modeling. That is extremely useful and there are not an abundance of people who do it well. But like I said, its hard to tell from the description. Phrases like "create documentation" worry me but over all sounds like it may be good experience depending on what you are doing now.
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