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?
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