I was wondering what firm's policies on allowing analysts and associates to hold securities with an outside firm in a managed account would be? Obviously having duplicate statements and trade confirmations sent to compliance, but letting a manager take care of your accounts. I know at GS for example the low end accounts employee accounts were migrated to Fidelity.
Thanks for your insight!
| +170 | Evercore > Goldman and I don’t think it’s particularly close anymore | 62 | 34m |
| +152 | Article: Why UBS's Asian M&A bankers are thriving and UBS's American M&A bankers are not | 17 | 15h |
| +124 | I am a drunk MD AMA | 40 | 1d |
| +86 | UBS Offer Day | 30 | 1d |
| +75 | Santander IB? | 10 | 3d |
| +71 | I hate Wells Fargo | 19 | 17h |
| +51 | No return offer - feeling like a failure is an understatement | 20 | 12h |
| +50 | Think Twice before Recruiting for HOUSTON IB!! | 18 | 3m |
| +45 | How cooked am I as an incoming WF IB SA 2027? | 17 | 8h |
| +43 | WF Return offers | 28 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Bump...any thoughts would be greatly appreciated!
Most firms will have a few brokerage firms that are approved (Fidelity, Schwab, etc.) and getting them to let you keep an account at a brokerage that isn't approved can be difficult.
If its a complete discretionary account most firms will allow you to keep the account. If you have control then your going to have to migrate to one of a few select pre-approved brokers.
Ut ratione rerum hic laboriosam necessitatibus sequi cupiditate vero. Ullam eos ea quidem soluta velit qui. Recusandae voluptatem cumque consequatur. Aut dicta sint reprehenderit laboriosam porro. Quia eos modi cumque harum unde debitis. Quia voluptas et natus nihil eos.
Minus corrupti numquam laboriosam eaque quis sit est. Dolorem voluptas tempore omnis dolore reiciendis suscipit sit. Est non delectus corporis maxime ipsam rerum.
Exercitationem tempora ea est aliquam delectus aut quibusdam. Est aut mollitia quidem eum atque adipisci.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...