Mutual Fund- PWM? PB? AM?
I am interested in a position in the NY office of a private client division of a major mutual fund company (Fidelity/Blackrock/Neuberger/PIMCO/MFS etc.) This is not a position in retail, I would handle customized portfolio management and some client services for HNW clients. I wanted to know where this position would fall under- PWM? Private Banking? Asset Management?
In comparison to the institutional side, the private client group holds an extremely small percentage of assets (>3%). The firm has little attention of wealth management services, so does this mean it is basically Asset Management in the PC division?
Also what is the difference between these fund companies PC groups and the wealth management divisions of JPM/MS/CS?
All help is grateful!