Citi Smith Barney FA?
Hey all,
I know there are a lot of bullshit FA programs out there. Almost like "the cutco knives" of financial or insurance products (AXA, Northwestern Mutual, etc . . ) However, I was curious if different programs were regarded differently. For example, what about a Citi Smith Barney who solely deals with High Net worth individuals? Are all FA jobs pretty much sales? Or do some require more of a product knowledge than others?
Just curious . . .
Thanks,
I Worked for FAs at Smith Barney last summer. They were very familiar with the products they used but weren't stock pickers. I would say that their two main responsibilities were: 1) maintaining client relationships (i.e. sales) and 2) choosing funds to invest their clients money in. The latter responsibility requires FAs to be pretty savvy in gauging the types of returns a particular fund might yield and how that fund accords with a given client's asset allocation strategy. I also know that some of the other financial advisors at the branch did their own stock picking. I hope that this answers your question.
Also, FYI, the official title is now Morgan Stanley Smith Barney.
interned at citi smith barney for private wealth management (high net worth clients)
pretty much sales and relationship management with a bit of portfolio analysis. my boss pretty much came in the morning bought/sold bonds and stocks for clients and then managed calls and meetings the rest of the day.
pretty nice gig if you have the clients.
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