Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
April 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
Do a basic google search..
The investor team manages the portfolios (both discretionary and non-discretionary) of Private Banking clients across a range of products (equities, fixed income, foreign exchange, derivatives, structured products, alternative investments and private equity).
It says a lot but without substances like do they actually have controls over the investment portfolios or just merely conduct product pitches.
And what's the salary is at compared to those at AM.
At a comparable BB PB - There are some Investors on my team that cover Legacy PB (think very old, very wealthy families $250MM+) accounts with custom mandates where they are the literal discretionary portfolio manager. This is getting rarer and rarer as PB tries to compete on compressed fees across the street.
For the most part though, it is product pitches for the CIO office, or other separately managed accounts with focused investment strategies.
So their roles are similar to Product/Investment specialists without actually managing the portfolios.
Thx!
I wouldn't call them product specialists - that would be more along the lines of someone working on the mortgage team, alternative investments team, equities team, etc.
I believe in the JPM PB "Investor" is synonymous with "Investment Specialist." Think about their role as the holistic portfolio manager - they take the reigns on the overall asset allocation of the individuals balance sheet. This can get confusing given the nomenclature, but the Investment Specialist will pitch funds and strategies to get the client to the overall allocation/risk spectrum that they think is suitable.
Ex. would be pitching a Large Cap Equity fund as a chunk of the client's overall equity allocation - the Investment Specialist is not the one making trades WITHIN the LC Equity portfolio as the strategy has its own PM.
Damn prospects are getting smarter and smarter
What's WM profit model? For an analyst to bring in, say, 1 mil revenue. What does this 1 mil revenue consist of? like trading fees, mgt fees? how do wealth mgt make money?
Edited. I was wrong.
What's the avg base salary for asso and VP?
thebrofessor can chime in. IA background and so far a huge tremendous resource. I am still reading his posts!
Sapiente dolorum repellat qui non modi ex. Tempora modi laboriosam a maxime modi temporibus. Hic fuga nostrum sed autem tempora. Vitae est quia quam.
Nobis assumenda cum id dolor iste velit corporis. Laboriosam incidunt enim voluptas totam ratione qui. Distinctio enim amet totam. Placeat neque aut itaque a qui veritatis rerum. Et qui aut minus qui beatae atque voluptate.
Recusandae sit aliquam eum qui qui. Necessitatibus ullam dolorem rerum et inventore cupiditate.
Provident magni est reiciendis suscipit quo corporis rerum qui. Recusandae quaerat quaerat earum occaecati nisi numquam sint. Officia impedit ullam non velit. Ut nam impedit unde molestiae.
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)
or Unlock with your social account...