PWM vs Financial Advisor vs Corporate Finance Advisor vs Investment Management vs Asset Management vs Investment Advisor
Hey so can someone clear up these terms for me because I hear them used a lot but not really sure what all of them mean.
1- What's the difference between a PWM working at Goldman Sachs PWM and someone working in Advisory as a Financial Advisor at Deloitte? Is this simply just the same job but one working for a less "prestigious" firm or are they completely different? Is PWM just another word for FA?
2- Is Investment Management and Asset Management the same thing?
3- What is Corporate Finance Advisory? From what I hear, IM is managing assets for corporations, PWM is managing money for individuals but Corporate Finance Advisory is another job position at the Big 4 who's description similar to IM so are these the same?
4- What is an Investment Advisor? Is this just another word used interchangeably for Financial Advisory?
5- Are these all sales/commission jobs like PWM? Or are any of them structured where you get promoted, get new responsibilities, etc like IB or Consulting?
6- Does IM and/or AM (I don't know if they're the same) generally pay better and require more stress than the other jobs listed here? Are PWM/FA regarded more as a 9-5, lower paying but better lifestyle job like Accounting and Corporate Finance?
Thanks
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