Wealth management is really for people who don’t work in finance and need help managing their money. Bankers shouldn’t need financial advisors but if you have terrible spending habits maybe it’s worth it to have someone helping you

 

My former bank gave us access to the in house wealth management team for a couple hundred bucks a year, which I did just so I didn’t need to deal with trading restrictions and such (told them I wanted stocks and basically ended up just similar to if I was in the S&P) and it was just easy since I didn’t need to deal with it. But I absolutely wouldn’t pay for a wealth management service any more than that, it’s typically way expensive and you don’t really have complicated finances as an analyst

 
Most Helpful

Unless you’ve inherited north of $5MM and it’s not already set up in trusts then you don’t have a need for a wealth advisor. Wealth advisors are more versed in the total picture of one’s financial situation, the caveat is that person is already a multimillionaire. If anything they have a team that would work with you and they’d serve as the relationship manager (head salesman).

Reality is most of the work, investing, financing a house and retirement planning you can handle on your own. Best thing you can do is track your spending, be frugal, invest and grind.

Some firms will help establish a plan and that should work to start building up assets and from there they can help with life’s bigger events, like saving for a child’s college.

Only two sources I trust, Glenn Beck and singing woodland creatures.
 

Aspernatur pariatur illo repellendus recusandae ut. Rerum nostrum porro ducimus sit voluptatibus quo delectus. Quo qui quod officia ea laudantium. Eos eos reiciendis optio nulla fuga sit eos perspiciatis.

Fugit excepturi similique minima quo et. Delectus qui sequi aliquam fugiat. Ut exercitationem tempore laborum qui architecto.

Nihil alias autem voluptatibus sunt voluptatibus at cupiditate. At nihil omnis est ea molestiae dolore dolore. Et suscipit est rem ut mollitia ut.

Molestiae ipsam odio rerum asperiores rerum. Qui tenetur quidem sint et dolor a vero soluta. Qui quia ipsam architecto veritatis blanditiis non nulla.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.9%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 04 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (147) $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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
kanon's picture
kanon
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.8
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...”