Brokerage IS --> Family Office -->???
title says it all, two years in investment sales at a top brokerage/team now at a relatively small family office doing acquisitions & asset management (honestly i do a bit of everything as the team runs super lean). I like it here but I also get worried about brand recognition - we invest in a lot of tertiary markets and on relatively small deals, I worry this will limit my ability later on if I want to either move to another city or just with overall recruiting for larger shops.
Does anyone have any insight or experience with similar transitions? Is it just about how I frame the story and showcase my experience? Anything helps. Also if anyone has had a path similar I would welcome any insight into how your career progressed after.
Thanks in advance
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I work for a large family office that primarily invests in secondary and tertiary markets (amongst primary as well). DM if you want to chat.
Will do! Thank you.
Is there somewhere specific you are targeting or wanting to do? Or is this just a general feeling that where you are not is not "good enough?"
I ask that seriously because I think it is really easy for people to get bogged down in the names, having FOMO and making unfair comparisons with their situation.
I'm sure part of that is being young (I'm older and my priorities are different than someone in their mid 20s), but I would emplore you to really think about what you want and why.
I have a friend making 300k in equity AM at solid shop that is in this constant depression because he never made it into a BX/STW type firm (he loves AM, just wants his hands in some big BX style take private instead of bread and butter multi and industrial projects). I keep trying to point out to him that in all other respects he "made it," but he can't get over it and actually enjoy his life. Please don't be him.
+1 I would add that making it is subjective but objectively and arguably really making it means starting your shop or being an equal partner with a few like-minded partners. Getting the varied skill-sets and abilities that OP seems to be cobbling together is certainly putting OP on that path.
Definitely not one size fits all. I just think it is easy to lose sight of your accomplishments/happiness if you don't step back every once in a while and evaluate things from a more "normal" standard.
Being ambitious is good, but finance is a super competitive world filled with a shitload of type A personalities that will eat your happiness if you let it.
Ya i think long term you are spot on with what I would view as making it if I'm being honest with myself. I just worry when I get to that point I'll be angry that I didn't "push myself" to get roles at some bigger ("prestigious") shops... I need to really decide if I'm trying to focus on that end goal of running my own deals or do I want that name on my resume and to feel like "I've made it" in the interim.
I think this is exactly it. I enjoy what I'm doing but also feel as though maybe I'm being complacent by settling for a smaller shop or the less prestigious role than some of my peers.
With that being said, ya i think long term making it is doing my own deals with some colleagues I respect, so I dont know if there is a better spot for me than this.
But I also don't want to look back at my 20's and be mad at myself for objectively "making it" but subjectively never reaching that higher level that I think I'm capable of.
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