I am wondering if anyone might be able to offer me some advice?
I am currently working in the Private Wealth Management division of a large global investment bank in the UK. I have been living and working here in the same job for the last six years. I am now looking to move back to the US (I am American) to be near my family. Other than a brief two year stint out of college as a client associate at another large firm, I have not had any industry experience over there. Can anyone tell me how my prospects for getting a job over there look? Also, any ideas on what kind of a salary I should be looking for?
A few more details:
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I have been managing money for clients on both an advisory and discretionary basis here and my official title is Relationship Manager. My total FUM are around £30m.
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I am fully qualified as a registered rep here in the UK and I have a further qualification called the Chartered Institute for Securities and Investment Diploma (CISI Dip.) I believe this is pretty equivalent to a CFP over there and I am looking into it possibly filling one of more of the educational requirements for the CFP exam. I have no industry qualifications in the US (e.g. Series 7 etc.).
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Although I have been working in PWM, I am willing and possibly interested in making a move into another area of the industry, such as the institutional side. How difficult would this be?
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I have had a lot of involvement in the industry here in other ways - by serving on industry committees, volunteering to review industry workbooks etc.
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Transferring within my firm is not an option as my firm has no branches in the area I am moving to.
Basically I am looking for any advice or tips that you could give me on how to prepare myself for my move over and how to fully maximise my chances of landing on my feet when I arrive. I am very motivated, enthusiastic and hard working and willing to do whatever it takes. I would also be open to making new contacts in the industry there.
I am 35 and female if that matters. If you have any questions I will do my best to answer.
Any help you could give would be very much appreciated. Thank you!
I would NOT just move somewhere and hope to find a job. There are a lot of advisors who were let go when their clients pulled assets who are still looking for work. I've seen a few postings for institutional sales so look into that. Just don't make the move without an offer in hand.
Oh and you are going to have to start using a 'z' in "maximise" ;)
Just a hint in regards to where to start you're search if you want to stick with PWM when you move back to the states..... Morgan Stanley is looking to hire about 400 Private Bankers and J.P. Morgan is rapidly expanding all their PWM offices.
Good luck.
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