AMA - Asia Private Wealth Management

1st Year Analyst in Investment Advisor

Hi all, long time lurker here on WSO. WSO has been one of the earliest platforms that I have used to get up to speed regarding the intricacies surrounding various segments of the finance sector, and now that I have finished undergrad and got a job that I love, it is only fair that I share my insights with the community to widen our collective knowledge.

My background: Asia semi-target university, Accountancy/Finance major, 1:1, internship experiences in VC, Big 4 CF, investment research at an AM, corporate banking at a regional bank, and SA at a BB PWM division. Completed a short stint in corporate development/strategy at a regional conglomerate before accepting a job with the discretionary mandates team of a large EU private bank.

AMA.

Comments (20)

Sep 11, 2019

Comp?

Sep 11, 2019

About 450k HKD all in for first year

Sep 11, 2019

So ~$60k USD... wow. How do you afford the crazy COL in HK?

Gimme the loot

Sep 11, 2019

Do you see PWM as a long term play or are you looking to transition after a couple years into something else ?

Sep 11, 2019

Currently leaving it open. Doing portfolio management work in PWM would open doors for AM jobs down the line, but am currently happy with where I am and am learning a lot! Could very well be a long term play for me, who knows.

Also, client money tends to be stickier in PWM. With the asset outflows that AM houses are facing right now, PWM may be a safer play at the moment.

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Sep 11, 2019

How long is each promotion, in IB its A-A-VP etc so just wondering how long between each promotion?

Sep 11, 2019

Can a 3.3 econ major from ucsd stand a chance to be hired here?
I have 1 internship as an investment banker intern at a southeast asian boutique level securities.
Another internship at an insurance company.

Sep 12, 2019

Here as in my firm, or in Asia?

Sep 12, 2019

Both in your firm or in Asia

  • Intern in Investment Banking - Generalist
Sep 12, 2019

Say as an analyst/associate you consistently bring in UHNWI clients including billionaires using your own network, what is the upside potential of year-end bonus? For example's sake, you assist the bank in adding US$500mn AUM in a year, what % cut?

Sep 12, 2019

AUM is just 1 factor. You don't earn much from deposits. If you put that money to work, you generate fee revenue. Total comp for relationship managers is about 15-20% of total revenue generated.

Sep 12, 2019

Are there any Asia specific resources that you used to find a role?

Sep 12, 2019

Not quite sure what you mean by that, I just applied online when I saw the opening on LinkedIn

Sep 14, 2019

What areas do you see the most fund inflow/outflow? Curious where pwm type is putting money right now.

Any tax advice do you typically give to clients that you think would be useful for the masses as well?

Do you see any flow impact resulting from recent unrest? (Pure economic question, not political)

Sep 14, 2019
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