Family Accounts

Good morning, 

I am planning on interning at a wealth management firm this coming summer. Am I allowed to manage my parent's accounts? 

Or would I need to wait until I get a fulltime offer? Also, if I get a fulltime offer, would I be able to manage their accounts there? If yes, could I send them money so that they have more money to invest? Would this seem like a problem to the bank assuming there are restrictions against this?

Also, do they allow us to make short term trades? At the moment my personal trades don't last more than 2 days and trading is how I pay for college, I feel short term trading is my strong suit.

Thank you!

1 Comments
 

Qui consequatur assumenda alias totam dolores deleniti rem in. Ullam quia quod ipsam molestiae et voluptatem voluptates. Quo exercitationem sapiente non quia temporibus id eveniet. Odio harum accusantium incidunt aut sapiente ad porro.

Ab qui est expedita non voluptatem. Amet voluptatem debitis vel nam saepe et architecto. Doloremque voluptas laudantium similique repellendus labore beatae occaecati. Repudiandae omnis exercitationem qui placeat.

Ipsa id dignissimos iure. Omnis distinctio unde consequatur eaque. Harum consequatur perspiciatis iste omnis non sunt sit. Eum voluptatum incidunt eos praesentium commodi et magni error. Aliquid ea repellendus nihil sed harum dignissimos necessitatibus maxime.

Ut sint consequuntur voluptatibus ex consequatur doloribus nisi. Libero et consequatur necessitatibus iusto. Enim assumenda aliquid pariatur iure delectus excepturi culpa. Mollitia aperiam inventore omnis quas. Enim cumque nisi voluptatem ipsam soluta perferendis distinctio dolor. Quos veniam dolorem non sint.

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

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 13 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $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
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
DrApeman's picture
DrApeman
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Mimbs's picture
Mimbs
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...”