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+57
Breaking into buy-side equity research - my experience

Subutai Baghatur

This will be my very first post to this forum, which is admittedly dedicated more to banking and private equity rather than investment research. Given the dearth of content on buy-side equity research (understandable given the small size/low turnover of the industry), I have decided to share my...

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Private Wealth Management/Private Banking Guide for Associates

navyrugby

Once and for all - Here is the best guidebook I can give you for <abbr title="private wealth management">PWM</abbr>/<abbr title="private banking">PB</abbr> at the Associate level. Enjoy and show me some love... 1.1 What is Private Wealth...

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AMA: equity research analyst at top 3 AM

ridingthebullwave

**Note: as of 07 31 18 I will no longer answering q's on this AMA. Thanks for your questions and I hope some of the responses help.** Before I started in the industry I used to (somewhat anxiously) trawl <abbr title="Wall Street Oasis">WSO</abbr> for hints of what...

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Vanguard - Investment Management Group

SheenLegs

Has anyone interviewed/worked at Vanguard in the past? What was the culture like? Despite its size, this forum doesn't seem to have many discussions on it. I understand that Vanguard is primarily passive management (and the 1/3 of funds that are active are outsourced). I've always wanted to go into...

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CIMA or CFP?

innovativeguy11

Hello, I recently started working as a registered associate for a wealth management group and obtained my series licenses. Now I am contemplating getting either the CIMA or CFP designation for future career advancement. Does anyone in the industry have suggestions on which one is more relevant/pref...

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Compensation For Internal Wholesaler Selling SMA's?

djack2485

New to the industry and I have an interview coming up with a Fee Only Financial Planning Firm in the Bay Area (10B AUM). I'd be an Internal Wholesaler assisting with the sale of SMA's / UMA's to their Channel Partners. What should I expect in terms of: -Base Salary -OTE (Commission)? I have a c...

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Hedging a portfolio: Writing Covered Calls on individual positions vs Writing Calls on the Index

keynesisking

Hi - I'm currently managing an portfolio which is 90% long equities, a good proportion of which are US equities. Looking at the overall valuation of US equities right now, coupled with political risk going into the 2020 election, I'm wanting to hedge my US exposure, while still keeping a number of...

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Best Online Masters Degree

Kit Carson

Currently in the Army and looking to take advantage of the educational benefits. Any insight or advice on the best online masters degree to prepare for a MBA once I'm out in a few years? For brief background, I went to a target and then enlisted after a brief stint in asset management. Cheers....

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Prestige of Mackenzie Investments in U.S/Canada

kerimk2

Just wondering what people on Wallstreet and Bay Street think of Mackenzie Investments? I don't see much talk about them on the forums but they are the 7th largest AM in Canada according to TD's last money manager report. For myself, I completed an internship with them last year in investment ma...

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Preparing for or just took the Series 7?

neuromatt

Hi all, I know preparing for and taking the Series 7 can be a stressful time. If you took the Series 7 in the past few months or are getting ready to take it, would you be up for chatting with me about your experience? I'm working on a product that dramatically accelerates how quickly you can lear...

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I hate the CFA; why is it even a thing?

hedgehog9

I absolutely fu**ing hate the CFA. Studying for Level 1 rn, but been in the AM industry for close to 2 years. I'm going through the Kaplan notes right now and thinking to myself how absolutely useless 80% of the material is. If we're talking about my day-to-day, then 95% is pretty useless. Why am I ...

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Calling all Financial Advisors: What products do high net-worth people use to manage their wealth?

packmate

A lot of recent startups are being built around wealth/portfolio management such as Robinhood, Stash, Acorns etc. However, most of these startups are apps targeted towards mass market. To the financial advisors/PWM folk on WSO, what softwares/apps do your clients use to manage their wealth? I'm in...

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Guggenheim Corporate Credit Group

MichaelBurry

Has anyone been through the interview process with this group or have any helpful insight about them? Have an upcoming phone interview and can't find much online about the group in general. Thanks in advance...

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Advice: Guggenheim Corporate Credit Analyst role

pablo escobartard

What's up legends. I'm a senior graduating in a few weeks and recently got hit up to complete a case (have 2 weeks to complete) and then present it to the team as the final round interview. Does anyone have experience with Guggenheim recruiting or this kind of case interview? Thanks for the help!...

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Seeking recs on which PB team to join

Finance_hardess

Hi everyone I recently got an internship at a BB's PB and two different solutions team reached out to me. One of them is called manager selection solutions and in that group I will be doing research on different funds and fund managers to find the best performing ones for the clients. And the ED of...

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(PWM) Is the "Client Service Associate" position at Morgan Stanley/UBS an entry level job?

AndrewMTR

I'm in no way an ideal candidate for any aspect of finance but from the brief encounters I've had with various PWM groups at Morgan Stanley/UBS I think I'd like to see if I would be a good fit for the industry. Since I haven't been able to get an internship at all I was trying to see if I could get ...

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Fixed Income Performance / Risk Analyst Exits?

LeanDriver

Long story short: transitioning into a career in Finance after 3 years at a large software firm (2 years intern 1 year full time). I got an offer for a role as a Performance / Risk Analyst for a Fixed Income team at a local investment firm. I'm not incredibly familiar with the industry so before I a...

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Veteran MBA Candidate - Management consulting vs asset management

Ryan-Lambert

I am currently transitioning out of the Army after 4 years as a junior officer. I will be attending a top 25 MBA program. I have been researching my interests, which I have narrowed down to either management consulting or asset management. I did my undergrad at a top 10 business school with a major ...

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Life as a Top Asset Manager

BlackHat

Mod Note (Andy): #TBT Throwback Thursday - this was originally posted on 3/24/13. So I've seen a few posts lately asking about mutual funds, Asset Management gigs, and alternatives to the sell-side out of college, and hopefully my experience taking the asset management route to hedge fund rather th...

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Worried I will not have any lateral options after a Wealth and Investment Management Internship?

jacksaun88

I have a Wealth and Investment Management internship position (junior) with a BB this coming summer. I was happy to the get the internship cause it will be good to have a name brand on the resume, but I don't know if I want to do advising/PWM in the long run. I was hoping I could end up doing AM rat...

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PIMCO Account Analyst

SlenderSalmon

Interview coming up for an account analyst position at PIMCO which falls under their Account Management - Client Servicing group. The job posting describes the role as the following... "The Account Associate Group serves a unique and dynamic role that is based around the core responsibility of servi...

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BlackRock Aladdin Client Services SF Superday

moneymarket

Hi, I had a BlackRock Aladdin Client Servies superday in SF last Wednesday (9/6) and still haven't heard back. It hasn't been a week yet but I was wondering what I should do. Email and follow up with the recruiter or just keep waiting?...

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Do callable or pre-refunded zero-coupons really pay par when called?

Moron123

I forgot about accretion. I am a duhmy. Zero coupons are called and the accreted value is paid out. ...

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Multi family office opportunity

TrumpNChase

Accepted an opportunity to work at a multi family office managing about $7bn in their client service team. A big step up from my current position. Currently a CFA level 2 candidate. Company has said they would like to put me in a different role related to financial planning and the CFA designation e...

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What are my paths as an intern

Anonymous Monkey

Hi, In a few weeks, I will be starting my internship as a financial analyst. My goal is to land IB junior internship because I (believe that) I would genuinely enjoy the work more. However, I of course need to keep my options open. Asset Management is a career that also interests me and I am wonde...

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Rockefeller Capital Management

monkey985

Does anybody have any familiarity with Rockefeller Capital Management/summer internships in their AM division? I know they are run by Greg Fleming from MS/BAML, but haven't heard much else about them. Thanks!...

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Intern Background Check Question

Oakmont

Hey WSO, I have a quick question regarding my ensuing background check for a WM internship this summer at a BB. On my resume, I had listed my first relevant employment experience working with my father in his construction/real-estate business handling paperwork and things of that nature. Point is, m...

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Research analyst scheme or LBS MFA offer?

Lewis Wang

I graduated from a Taiwan university with a major in economics 2 years ago. After that, I joined HSBC's graduate scheme and found myself more interested in equity research so that I joined a hedge fund as a research analyst. Recently I secured a job at a AMC with top 10 AUM globally (consider Black...

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Odd Situation BB AM HELP

Tyrion

Hi All, Long time lurker here. Need some advice. I'm an Analyst in BB AM in FICC in the MO. I've spent 2 years here networking and learning the job. Background was in life sciences. I knocked out L1 of CFA and got into an MSF Program I can do remotely while working. Fed up with the MO (aka BO, but...

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Top postdocs or AVP position

reykeymonkey

Hi everyone, I have been doing computational science, getting PhD soon from a top 100 school, so not an Ivy league by all means. Got a few postdoc offers, two are from top 3 schools (to do science+computing) and also an offer for AVP position as a quant researcher for top 30 asset manager (sell si...

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Commercial Lending -> MBA -> Private Banking/Private Wealth Management?

PB Seeker

Hi All, I am currently working as an Underwriter at a BB's Commercial Real Estate Lending unit (BofA, JPM, Wells etc.). My ultimate goal is to break into PB/PWM at a top BB PB/PWM shop such as UBS, GS, JPM. I am trying to get into a top 20 B-School then transition into PB/PWM. I would appreciate yo...

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Freshmen Morgan Stanley Private Wealth Management internship

Saffy

Hey everyone, I'm a freshman at Emory University. I was very fortunate, through my mentor and scholarship program, to receive an internship with Morgan Stanley PWM. What can I do to prepare myself? How can I show that I'm dedicated? Books I should read? Anything anyone can tell me would be apprecia...

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Hedge Fund Database/ Platform

aliceyang

Hi all, I am a hedge fund analyst at a fintech start-up which is a hedge fund database platform. Basically what we do is we interview fund managers to get DD level info, we then do some market and fund analysis (where I come in) so the vision is investors can narrow down the funds they want to inve...

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