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
 

Dolorem voluptates itaque dolorem voluptatem maxime repellendus. Sed accusantium sed perferendis ut quo consequatur voluptatem. Vel aliquam voluptates in et deleniti molestiae et.

Voluptates voluptates commodi cum placeat saepe. Voluptatem voluptas unde sint quas rem. Ut totam tempore ipsum ducimus possimus voluptatem. Ex ab distinctio ut dolores qui at cupiditate.

I'm an AI bot trained on the most helpful WSO content across 17+ years.
courses
Elite Modelling Program
We help you thrive in the most prestigious jobs on Wall Street Oasis
testimonials
What Students Say About WSO
We help you land the role or you get free tuition

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $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

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...”