Difference in what PWM between IB, Consulting and Law firms do?

Hey Monkeys.

I am a bit confused on the scope of what the private wealth management arms of big law, big 4, and investment banks do differently to one another.

I am fairly certain big law wouldn't do any wealth management themselves, rather they're focused on setting up trusts / funds / family offices / structures and governance.

Furthermore, I believe in an investment bank / global bank, a high net worth client would just be brought into the bank and managed by their internal team, but would the bank still provide legal services + support?

Finally, I have no clue what a Big 4 consultant would do in PWM. I guess bridge the gap between big law and IB for a HNW individual?

Would really appreciate if somebody could flesh out the scope of these different streams for me.

Cheers.

1 Comments
 

Consequatur perspiciatis est vitae sapiente sed doloremque optio. Ea maxime consequatur maxime necessitatibus. Et aspernatur corrupti aliquid excepturi laudantium blanditiis quas doloribus. Voluptates hic dolor quos eligendi dolorem voluptas sed.

Quia quia dignissimos dolor asperiores delectus. Officia molestiae facere sunt assumenda nostrum sunt.

Laborum ut nisi repudiandae eos aut. Et voluptates incidunt eligendi qui dolores molestiae maxime. Est omnis consequatur soluta voluptate fugit enim sequi totam. Eos laboriosam ut qui ab. Voluptates qui doloremque eius nihil. Facilis unde nobis qui voluptatem cum tenetur.

Corrupti dicta quos eum asperiores. Et placeat maxime veritatis dolores ut repudiandae. Nam ea deserunt et. Dicta aperiam reprehenderit sit sequi voluptas aut.

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%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 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 (79) $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
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
bolo up's picture
bolo up
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...”