Home

Forums

Asset Management Forum

Feb 12, 2019

Asset management vs Private banking/wealth management

weissrabz AM

Rank: Senior Chimp |

Hello,

I'm a PM at an AM, co-manager on some big funds but also lead manager on some smaller strategies.

I took a break and I now look for a new offer.
I find opportunities only in wealth management (private banking) at the moment at small companies (same job, pm).
I always thought it was less good (because of less compensation, less "sophisticated" clients, hence less "sophisticated" strategies etc.). Could you confirm that ? What is the impact on a career ?
I was happy with my progress so far, but now i have to choose if i take one of those less shiny jobs, or wait for the right opportunity.

1
- 1Helpful
- 0Funny
- 0Not helpful
- 0Low Quality
- 0Inaccurate
- 0Spam

Hedge Fund Interview Course

814 questions across 165 hedge funds. Crowdsourced from over 500,000 members.
11 Detailed Sample Pitches and 10+ hours of video.
Trusted by over 1,000 aspiring hedge fund professionals just like you.

learn more

Comments (2)

Feb 12, 2019 - 7:49am

- rickle
- Rank: Neanderthal
- | 2,536

Private Banking / Wealth Mgmt is more about relationship building and understanding client issues than actual asset management (unless you're talking about being the asset / portfolio manager for the wealth mgrs). Typically you will use existing models, creating models from funds, alts, etc.)

Authored by: Certified Investment Advisor Professional - Principal Certified Investment Advisor Pro

- 0Helpful
- 0Funny
- 0Not helpful
- 0Low Quality
- 0Inaccurate
- 0Spam

Feb 16, 2019 - 11:06am

- AcctNerd
- Rank: King Kong
- | 1,385

See All Comments - 100% Free

WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)

Type your email address *

Want to sign in with your social account?

Unlock with Facebook or Unlock with Google

Authored by: Certified Investment Advisor Professional - Vice President Certified Investment Advisor Pro

1
- 1Helpful
- 0Funny
- 0Not helpful
- 0Low Quality
- 0Inaccurate
- 0Spam

Want to Vote on this Content?! No WSO Credits?

Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. See you on the other side!

Join Us

Already a member? Login

Popular Content

See all

+108
Idea Generation... and Why Wall Street Sucks at It
by BlackHat in
MKT
+158
Life After Investment Banking...
by anonymousman in
IB
+87
Life at a Top Asset Manager
by BlackHat in
AM

Wall Street Oasis Notifications

Please tell us a little bit more about yourself to send you the most relevant notifications

Closest City

Industry

Status/Title

Get Notified?

Notify me when there are new comments or replies on my discussion.

You're a Pro - Host an AMA

Start Discussion

Popular Content See all

Newest
Week
Month
All Time

Changing Jobs - Hold ON!I have been on this website for more than ten years and thought I would dish out a bit of advice. ####A bit of background: I worked up to director level in trading, before going to get an MBA and changing industry to work in private equity. The exact same story repeated itself, so I thought...
+42 by Disjoint in JOB
AMA: I'm a Dry Bulk Physical TraderI'm a Physical Trader in the Asia region and look after a combined book of +1Mt for origination and sales of dry-bulk commodities. My background has been in some way or form of international trade, with 6+ years in operations before getting into a trading gig. I trade majority of dry bulk...
+13 by UnfinishedSentenc in TR
"Modelling" has to be the biggest misnomer in this industry.I remember back when I was still a student, being intimidated by the idea of having to form "models" - despite my undergrad being in physics. It turns out in finance, "modelling" just means dividing one excel cell by another, saying "yeah sure, that growth will...
+12 by Leonardo-Cope in IB
Financial & Valuation Modeling Boot-CampFinancial modeling is a skill that any investment banking analyst will have to master. Although the majority of investment banks and other financial firms now have formal training programs, many students and prospective finance professionals are choosing to enroll in self-study financial...
+10 by WallStreetOasis.com in IB
What are the best business documentaries?How about we include biopics as well. Watching the theranos documentary right now and it's awesome (guy with the messed up eye seems kinda baller). What are some other business documentaries to check out?
+9 by famejranc in OFF
Ray Dalio: Capitalism Needs to Be ReformedBridgewater's Ray Dalio [wrote a post about "Why and How Capitalism Needs to be Reformed,"](https://www.linkedin.com/pulse/why-how-capitalism-needs-reformed-parts-1-2-ray-dalio/?published=t/) claiming that the outcomes of capitalism are no longer consistent with the system’s...
+8 by CRE in OFF
IB in Los Angeles - banks, groups, culture?Hoping to learn more about investment banks in Los Angeles. My current firm's only california presence is in San Francisco. I've done a bit of research and think I understand which banks are in LA, but it's hard to tell what groups are out there. Also hoping to know a little more...
+7 by californiadreaming000 in IB
What's your dating strategy?I want to hear stories of pick up artistry, streaks (of success or droughts), or even just unexpected love stories. Mine is, I usually do a lot of sitting by the bar with some staring, drooling, and wimpering like a sad and needy puppy. Edit: for those not convinced this topic is somewhat...
+7 by iBankedUp in OFF
JP Morgan Ending Campus VisitsIn a Bloomberg article last week, JP Morgan announced that it will begin using online behavioral science-based games to recruit college students. [quote]"Beginning this year, the bank will be using the games, instead of in person campus recruiting and traditional college campus visits,...
+7 by NovemberRain in JOB
GP/LP structure - friends and family capital JV structureWould kindly appreciate folks sharing some deal structures they have seen in the market place for LP capital on one off transactions. The structure I am familiar with seems fee heavy but want to know what others are seeing in the market place. Below are terms I have seen a syndicator use for...
+5 by yoruba123 in RE

See Highest Ranked Comments

Leaderboard See all

Ratio
Silver Banana
Banana Points

1	CompBanker	97.4
2	frgna	97.2
3	NuckFuts	97.2
4	Linda Abraham	96.9
5	bolo up	96.8
6	kanon	96.7
7	picklemonkey	96.7
8	Secyh62	96.7
9	Ricky Rosay	96.6
10	InfoDominatrix	96.4

AM Resources See all

IB Interviews - Questions & Answers
PE Interviews
HF Interview Questions and Answers
Consulting Interview Frameworks
Financial Modeling Templates
Professional Resume Editor
Mentor for Mock Interviews
Salary List by Company

Upcoming EventsSee all

Apr
10
Financial Modeling Boot Camp -- New York City, 4/10-4/128:00 to 5:00 EDT New York City, NY
Apr
12
Rewind - M&A Business Case - Estee Lauder Pitchbook Part 4 + Q&A – 12am ET, 4/12(All day) Online
Apr
15
Free SC/PS videos on "GMAT PILL" mobile app (2 days only)!(All day) Online

Recent Jobs See all

Wall Street Oasis - Summer Internship (Remote)
Product Information Associate (Finance)
Senior Data Analyst
Senior Accountant - Public Reporting

BY INDUSTRY

RELATED

Asset management vs Private banking/wealth management

Hedge Fund Interview Course

Comments (2)

See All Comments - 100% Free

Related Content

Popular Content