Q&A: Portfolio Strategist in a PWM Chief Investment Office

About

Started my career at a family office before launching a start up in an emerging markets and becoming an investment analyst for an ultra high net worth team at ) shop and equity strategist at asset manager. Never worked these 90 hour nonsense hours that so many seemingly want to sacrifice your soul to :) Ask me anything!

 

1- it will come down a lot to the team that is working with the client, but in general I do think that sometimes people look to certain bank-linked wealth managers (JPM, BAML) to be able to leverage banking solutions and the balance sheet of the firm - this is why MS and GS have made moves to open 'retail' banking operations and become more competitive in this space with deposits like MS purchase of ETFC.

Others may want a globally oriented bank and lean into banks with that kind of scope.

2- varies greatly on client type and risk tolerance. A multigenerational family office looks different from an endowment and foundation which looks different from the retirement savings of a grandma.

3- never

 
BondoNekat:
Can you describe your startup's philosophy and how you came up with the idea and the execution to build and grow (as well as know people in the country)?

It was actually my former co-workers from trading not my own - I just came for the truffled polenta and wine ;)

Basically we all know that emerging markets have had a massive increase in consumption and growth of the middle class - trends are favorable for goods like wine.

 
  1. Can you elaborate on your background, i.e. school, internships etc.?

  2. Also wondering how you got the job in the family office, networked to get in or something else?

  3. How does your average day look like, and what would you say a junior's work mostly consists of?

  4. How useful is the CFA to break into the industry coming out of M&A?

  5. Any general tips on breaking in from an M&A background?

  6. Comp, average hours, any weekend work?

 
Most Helpful
Alexandre Dumas:
1. Can you elaborate on your background, i.e. school, internships etc.?
  1. Also wondering how you got the job in the family office, networked to get in or something else?

  2. How does your average day look like, and what would you say a junior's work mostly consists of?

  3. How useful is the CFA to break into the industry coming out of M&A?

  4. Any general tips on breaking in from an M&A background?

  5. Comp, average hours, any weekend work?

Nontarget, nothing fancy but I did a lot of trading competitions and the like to learn markets hands on. My knowledge about markets from my trading comps helped me win my way in.

Juniors don't exist on our team - past few teams I've been on the 'bottom tier' have been vice presidents in general . It ranges anywhere from market research to inquiries about investment strategies to more specific asks on requests for endowments and foundations.

Cfa definitely useful but you need to know how to apply it - tell me how to structure a private equity program, active vs passive, considerations for different kinds of clients etc. Your knowledge of markets and client facing ability > where ever you want to school.

 

Quos fugit expedita et aliquam ut. Minus cumque id est voluptatem ea dolorem aut. Nam labore quos animi explicabo. Odio praesentium vitae accusamus quia sint atque sunt. Voluptate in fugiat aut sint et.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (85) $262
  • 3rd+ Year Analyst (12) $184
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (65) $168
  • 1st Year Analyst (196) $159
  • Intern/Summer Analyst (143) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
98.9
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”