Moving from Secondaries to Wealth Management?

I have recently run into a career bifurcation opportunity where I can choose to 1) lateral move to a competitor in PE Secondaries with a bigger fund and better comp and upward mobility within the investment team outside of the US 2) career change move to a fast growing entrepreneurial multi family office (>$100m tickets) located at a wealth management hub in FL. Main con is lower comp initially vs PE role and intellectual stimulation. Does anyone have experience moving from a PE role to a portfolio manager role and the challenges with that including all the admin work, the lack of excitement from "doing deals", being client centric vs investment depth, etc. Also, how realistic is the high comp to achieve once you start landing clients and how that comp gap can narrow on the long term? Lastly, do you believe a brilliant portfolio manager should generate good investment ideas or defer to research?

1 Comments
 

Aliquid qui ducimus ipsa et. Quia doloribus deserunt quia nemo temporibus unde nobis. Laudantium possimus vitae ad et aut. Id expedita distinctio voluptates deserunt facilis.

Minus beatae ea dolorem ratione vel veniam. Dolor nihil natus cupiditate iure accusantium facere ipsa.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (67) $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
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
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...”