Displaying 1 - 49 of 49
Hi everyone, I could really use some advice given my unconventional situation. I did my bachelor's in Hong Kong at a non-target in Hotel Management and graduated June 2020 (midst of the pandemic). Since then, I've been working for almost 1 year at a small VC firm that invests across series A to...
24 Jun 2021
Hey everyone, this is way overdue, but I wanted to give it a shot anyway. For my 4th and final blog on PWM, I wanted to go over several misconceptions about PWM the way I see it, how we invest clients' money, how to choose a broker, and conclude with a Q&A. I know they're a bit older, but check out...
03 Oct 2020
Dear Community: I am an MBA graduate working in PWM, and would really appreciate some advice on how to break into the equity research industry. A short background about me: I started career in management associate program in a global bank, with a focus in wealth management. After finding interest in...
24 Apr 2020
Everyone knows networking is required and that just applying online for investment banking internships gives you less than a 1% chance because of tens of thousands of applicants. Is this the same for BB PWM internships or are they less competitive? How much networking would you recommend to get a...
14 Aug 2018
There is very few information on WSO about Northern Trust. I am aspiring to get into AM; does anyone know how an Investment Associate/ PM experience from Northern Trust can parlay into AM? The position at Northern Trust is a support role for PM managing a few billion dollars.
05 Jun 2018
So it seems like everybody on here shits on PWM, but they forget that there is so much more to PWM than just being a FA. I was wondering if working in a BB's Home Office as a Summer Analyst is still as looked down upon as working on a team as a FA is. Is it a good place to start a career?
02 Oct 2017
I am a senior in college in a small state and I plan to do an internship during this semester (September - December), however, I cannot decide on which internship opportunity to pursue. I want to follow the typical IB>MBA>PE/HF route. Here are the options: Investment Banking Boutique: I have...
18 Sep 2017
Hello, Guys I apologize if a thread has already been made for this, but I am just curious how the BB PWM/PB role works. I know there is a decent starting salary and I understand some people get into the investment process and some more relationship management. Assuming you get into relationship...
05 Jul 2017
There isn't too much info on here regarding wealth management so I would like to know what are the differences between the 2. Example: Let's use GS PWM vs your local ML, MS , Wells Fargo advisors, etc. that are virtually everywhere.
29 Oct 2015
I was accepted into the Discover Goldman Sachs regional camp in Dallas/Irving where you get an on-site first round interview, and I really want to aim for an investment banking summer internship. So two questions: (1) It seems that Dallas may not even have an IB office? So far I've only read that...
24 Sep 2015
Hi everyone. I'm a recent graduate of a target school in the US and I'm an American passport holder. I'm now completing my MBA at one of the main hospitality management schools in Switzerland. I'm trying to see if I can stay in Switzerland after I graduate. I'm looking at PWM roles (biz dev,...
24 Aug 2015
As my first post I would like to introduce myself a bit first very briefly. Just finished my last year of college and would like to share my experience I just had on Thursday. So at my school the director of internships and career services set me up with an SVP for a retail bank where I would...
11 Jul 2015
My job requires me to pass both exams in a little under 60 days or I am fired. I just signed a nice lease for an apartment in a prime area and have committed myself to various things to take this job..so I cannot fail. I am about 4 years removed from finance coursework, so while I am familiar with...
05 May 2015
Sorry this took so long everyone! Hope you enjoy and hope it's not too terribly long. For the 3rd installment of my blog, I'll detail some of the differences between PWM & PB as well as the lifestyle for an established broker. For those of you just tuning in, take a look at the first 2 blog entries...
27 Jul 2014
Hey guys, got quite a few questions on breaking into PWM, so this blog will focus exclusively on breaking in, being successful, and exit opps. If you haven't read my first post, see the link below: Part 1: Past, Present, Future, and $$$ Next post will focus on misconceptions, differences between PWM...
13 Jul 2014
Hey guys, Andy had asked me a while ago to do a blog on PWM, so I figured I'd give it a whirl despite this forum being mostly interested in IB. Most of my partners are out of town so the workload this week is particularly light and I'm not going on vacation until tomorrow. I aim to cover several...
03 Jul 2014
Give me your take. CFA non target economics I have a strong interest in PWM.
24 Dec 2014
Why is PWM generally looked down on? Is it because of something palpable like lower salaries or is it just for no reason? What is the genesis of this phenomenon? Thank you.
31 May 2014
Hello guys, I just wanted to inquire about the DB Achieve Program. On the firm's website, it describes Asset Management as the following: -Deutsche Asset & Wealth Management - offers investment strategies to institutions and individuals including high-net worth individuals (New York) As I did more...
18 Oct 2014
Avid reader – first time poster. As many before me have mentioned, I cannot thank the WSO community enough for the insight and information you all have provided. But as it stands, it is time to pose my own question to the community in hopes that you can help me one more time. Age 24, state school,...
02 Oct 2014
Hi everyone, I am planning to get a pwm intern by cold emailing bb branches. I see some bb like JPM/DB have very few offices and JPM has two divisions (pb and securities), while bb like baml, UBS, ms have branches everywhere.
06 Aug 2014
Those of you in PWM, how often do you buy gifts for your clients? What occasions? And how do you go about picking out the gifts?
18 Jul 2014
Hi guys, UPDATE: Guys, I have attached the spreadsheet. I am really close. The problem I am having is when I enter the ticker into concentrationt tracker spreadsheet (A3) it does not automatically update on the demo sheet unless I press enter. Maybe one of you can figure out how to make it work. I...
16 Jul 2014
Is it okay to call yourself a Private Wealth Management Summer Analyst if you interned at a PWM firm? It seems most people who work in PWM refer to themselves as advisors, not analysts. Thoughts?
11 Jun 2014
Hello everyone, I am interested in pursuing PWM out of undergrad and was wondering if getting a PWM internship junior year could possibly turn into a FT offer? I know in IB an SA stint junior year more often than not turns into a full time offer after graduation. Is PWM similar or is there more...
25 May 2014
In BB PWM, working with UHNW Clients, is it my job to actually attract those big time, 10M+ clients? How Am i expected to know/find these people? OR is my job merely to manage their funds. I have a hunch that there is a difference between Wealth Management and PWM. Could someone please explain it to...
05 Apr 2014
I'm cold emailing in the hopes of securing a PWM internship at one of the BB's for this summer. A lot of these branches have 20-30 FA's. Would it be a bad idea to email all or a majority of them? Or should I pick out a couple that I'd like to work for and only email them? The advice on these boards...
12 Mar 2013
Dear WSO, I'm a long term lurker, first time posting. I'm really desperate for your help, I know this might not be in the right forum. Please don't be mad, I just really need your help and you guys give the best advice that I've seen just about anywhere. I don't know what direction to take and I...
19 Feb 2013
Dear WSO, I'm a long term lurker, first time posting. I'm really desperate for your help, I know this might not be in the right forum, but it seems most of the sites traffic goes here. Please don't be mad, I just really need your help and you guys give the best advice that I've seen just about...
19 Feb 2013
Dear WSO, I'm a long term lurker, first time posting. I'm really desperate for your help. I don't know what direction to take and I know I'm going to get blasted by you guys for making a post like this, but I exhausted all methods and need some genuine advice. I came from a non/semi-target school...
19 Feb 2013
Hey guys, so basically I was wondering two things: first, how much do top banks pay PWM interns? and secondly, do most interns who live in not big cities move to larger ones for their internship? Also a little background. I'm at a pretty good school (umich) and have a 4.0, but don't have any finance...
20 Jan 2013
So I'm looking for a PWM internship this spring for MS but couldn't find a phone number for this, so I decided to call their headquarters. The lady told me the only way was to apply online and theres obviously no application for this online as most people get these internships through cold calling....
10 Jan 2013
Im currently a freshmen at a non target university trying to find a PWM internship. My first semester gpa was a 2.9. I know really low, had troubling adjusting..hopefully should get a 3.5+ during my 2nd semester. Should I round it up to a 3.0 on my resume, or would 2.9 not matter for PWM? Any tips...
23 Dec 2012
Hi Im currently a freshmen at rutgers university. I just finished my first semester with a 2.9 gpa. Is it still possible to get a PWM internship in the summer? They do only look at your first semester gpa right ? thanks
20 Dec 2012
I'm thinking of applying for PWM at BBs and a few boutiques in London. I've been finding it quite hard to find coherent information on Analyst pay and how that progresses over into Associate / VP pay. If anyone has any idea about this, I would massively appreciate some help! Thanks a lot GammaHedge
11 Nov 2012
Many people agree that boutique firms often care more about cover letters more than BBs. However, I've got a shitload of internships to apply to (over 100 when you factor in BB PWM and PE firms) and making adjustments to each to reflect what I like about different firms is getting tedious. Is...
14 Jun 2012
I'm just wondering how much location will matter for PWM. Let's say I have a house in a small-ish city (such as Boulder, San Jose, Portland, etc) and I have found an unpaid internship for BB PWM at a regional branch in my city. I also have an unpaid internship from the same BB for PWM at a larger...
05 May 2012
I'm currently a sophomore undergrad at Villanova, aiming to major in Finance. I've only started doing serious and specific career planning recently, so you'll have to bear with me just a bit. For reference, most of the BB's recruit through Villanova in some capacity. I'd call Villanova semi-target I...
18 Jan 2012
Hi, guys. I have a great interest in PWM, and want to see if I have a chance to get a FT offer from BB private bank. I am from an ivy school, and majoring at economics. Previously I had internships at a mid-sized investment bank, a venture capital company with 100million usd, and PwC. All of those...
04 Jan 2012
So, just to clarify the pay structure of PWM at a BB (UHNW) is your salary/bonus tied to the money you bring you? I keep thinking that if you land a PWM gig, convince some people to hand over their money to you, then you receive a form of commission based on how much you have been able to bring in?...
21 Sep 2011
I had internships lined up with a PWM branch for this summer. Interview went well, but it ended up falling through because the MSSB wouldn't let the FA I was going to work for hire anybody. Now I just got an email from another PWM branch for a fall internship. The interview went well again, but this...
02 Sep 2011
I'm in a bit of a situation and could really use some advice. I really want to make it to superday for S&T in equities or FI. I will be a junior this fall semester and I have no finance related work experience on my resume, but have recently landed a Morgan Stanley paid PWM internship, so I expect...
05 Aug 2011
Which banks have an organized program for full time analysts (like JP Morgan)? Just wanted to see how many banks have a program compared to their analysts just cold-calling.
16 May 2011
I am fresh out of college and need serious advice form someone who knows about various i banking divisions. Basically, im looking for a career which would involve recommending stocks to clients and developing relationships with them. I understand that this is obviously a sales role, but which sales...
20 Mar 2011
Is the turnover rate in PWM/PB high? Are these people simply fired b/c they could not get the clients or did they switch careers? Are you given clients at a BB or do you have to cold call to succeed? Thanks
15 Dec 2010
Is it possible to work in the PWM group of a firm such as JP Morgan for a couple of years and then start your own wealth management or RIA firm with some of the clients who you develop relationships with? Or are the clients most likely to stay with the bank? I guess my question is assuming you don't...
28 Oct 2010
I keep hearing conflicting views about BB PWM internships.... is it true that BB PWM on resume >> no-name HF/IBD/other front office role?? (for SA recruiting)... i had the chance to do BB PWM in soph year too, but I turned it down to work at a no-name HF (albeit $2B+ AUM) because the work I did...
23 Aug 2010
I am wondering if anyone might be able to offer me some advice? I am currently working in the Private Wealth Management division of a large global investment bank in the UK. I have been living and working here in the same job for the last six years. I am now looking to move back to the US (I am...
14 Jul 2010
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