In 2018, what Firm has the best Ultra High Net Worth wealth management training program?

Question

It seems after searching on the forums, PWM (private wealth management) has been thrown around a lot and used for the term of regular wealth management -  Financial Advisor, financial advising. Where you start up an account at 100k, average account size might be 250k to a few million.

But what I'm looking for is true Ultra High Net Worth Wealth Management.

Xzas22 · Accepted Answer

I would not say more elite.

In terms of product offerings, JP can offer more depository services to its clients as it has the Chase brand as well (JP Palladium Card which has no limits, clients can go to Private Client branches and take out $100,000 in cash, other things that an UHNW client would expect). These have historically not been available to Goldman clients (obviously available via 3rd party like Amex, etc.), but those are also changing as GS invests more into this line of business.

In terms of clients/talent, they're identical IMHO.

guyfromct · Answer

Bessemer Trust, Northern Trust, Abbot Downing, Alliance Bernstein, Brown Brothers Harriman, Ascent (US Bank) and US Trust (BAML) come to mind.

Xzas22 · Answer

JPMorgan PB. Top shop with top talent and really great clients. I worked for a UHNW team for two years before making moves to IB. Word of warning though is their programs are significantly more selective than your UBS or ML wire house style firms.

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In 2018, what Firm has the best Ultra High Net Worth wealth management training program?

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In 2018, what Firm has the best Ultra High Net Worth wealth management training program?

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