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MBA worth getting for WM sector?
I would like to hear your thoughts on whether or not a MBA from a top ~20 school would be advantageous or not for a career as a Financial Advisor. I want to hear your thoughts if you are for it or against it - and why.
Financial advisor comp structure - wirehouses vs. banks
Can someone walk me through a typical compensation structure for a lead financial advisor at a wirehouse and, separately, at a private bank (e.g., JP Morgan, Goldman)? Please assume same book of business at each and a "typical" profile for an advisor managing an UHNWI book. Know PBs pay out less but...
Is a "Financial Advisor" all the finance jobs put into one person?
I see people with the job title "Financial Advisor" advise their clients on future financial projections, accounting manipulation for tax savings, picking stocks, M&A and lots of other finance stuff. While in the meantime, other people only work in one specialization, like CPAs only work in...
Financial Advisor Trying To Get Into PE
I'm a financial advisor looking to transition into PE. My background is mainly in financial planning, investment and wealth management for ultra high net worth families. I know my background is unorthodox for someone trying to get into PE. I have a CFP and looking to get my MBA, and or potentially...
GS Private Wealth Management post MBA
I am a recent M7 MBA graduate who accepted an offer to be a Private Wealth Advisor (Starting as a PWM Associate) at Goldman Sachs Private Wealth Management (GS PWM). I worked in finance before business school and went to MBA to stay in finance to multiply my earning potential. I was attracted to GS...
Intermountain Wealth Management
Intermountain Wealth Management emerged at the bottom of the financial crisis of 2008-2009. Many financial institutions failed and others were scrambling to survive because they forgot the importance of risk management. The advisors at IWMworked for years at large brokerage firms and decided that a...
Fisher Investments- Investments Associate role
I have an upcoming phone interview for Fisher Investment for the Investment Associate role which is their entry level role. From what ive been seeing and reading on WSO, Fisher is really just a place for cold calling and sales even though the job title is "Investment Management". I want to get into...
How to Help a Family Member Who's Become 'That Guy' at a Bottom-Feeder WM Shop?
So, I've got a cousin who had a bit of a failure to launch. Good family, good small liberal arts college undergrad degree. No clue about grades. Briefly did some FA type stuff out of school, but then went back and got an MBA from a middling place. It's nowhere that I'd laugh about, but not H/W/P...
Compensation For Internal Wholesaler Selling SMA's?
New to the industry and I have an interview coming up with a Fee Only Financial Planning Firm in the Bay Area (10B AUM). I'd be an Internal Wholesaler assisting with the sale of SMA's / UMA's to their Channel Partners. What should I expect in terms of: -Base Salary -OTE (Commission)? I have a...
Institutional Trading Hong Kong - SMS Associates
SMS Associates has built a team comprised of some of Asia’s top talent. Our focus and unparalleled sales and trading expertise have created a powerful domestic and international distribution capability that has lead to a consistently high level of client satisfaction.
Financial Advisor Compensation Structures
Does anyone know what a typical compensation structure is for a new financial advisor who is not bringing a book with them? Typical grid rates for rookies, typical base salaries, whether a more seasoned FA at the firm sponsors you and takes a cut from your production (if so, how much, for how long),...
Student at Gettysburg College
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How do I go from financial services to a hedge fund
I need help. How do I go from being a financial advisor to a hedge fund career? I enjoy a lot of the benefits of being financial advisor but half of what I do is sales, and the other half is relationship building. My masters degree studies were predominantly in economics, and capital markets, so I...
Building a book as a financial advisor
Wealth management doesn't get much attention on this forum, but maybe there are a few FAs on here. I am curious what it is like in a wire or ibd training program. Did you join a team or built it on your own? How did you go about building your book? how much can one expect to make in year 1, 2, 3, 4,...
Will AI-Powered Banking replace Financial Advisors/Wealth Managers?
"You can apply the same principles to a bank account as a driver-less car" Here is an interesting article that talks about new uses for AI in consumer banking: [quote] In Canada, millions of people are handing over control of their money. Not to an expensive financial adviser or bank manager, but to...
Best Financial Planner and Advisory Services | WiselyInvest
Great information that you have shared. Very thankful to you! Financial Planning sounds really complicated and scary but in reality there can be nothing simpler. Though it requires a lot of time in researching and analysis, at Wisely Invest we make these things simplified for you.
Part time Financial Advisor
Does anyone here do financial advisory as a side gig? I'm not looking at it as a full time thing (or even as any gig), but something to do on weekends possibly. My though is more providing good advice that actually helps people, because I think I have good knowledge of investing, or better than some...
Salary and timeline of a Financial Advisor?
Hey all, I was wondering if anyone can share some insight on what the starting salary and career progression looks like starting off as a financial advisor at a bulge bracket like MS or JPM . I recently just graduated this summer after having to take one class, and after many interviews I don't have...
Financial planning, CFP certification requirements?
Is it really necessary to obtain a Bachelor's degree in order to become a certified financial planner? I have an associate degree in business. Are there any other ways to become a certified financial planner?
How do financial advisors handle their clients' transactions?
I'm currently a senior at a big ten university, coming from a non-finance/accounting major. I've been thinking to myself how unprepared I'd be if I ever entered a more technical second round interview for an advisory type job interview. I'm not too informed on what a financial advisor's day to day...
Informational interview questions merril lynch
I have an informational phone call tomorrow with an alumni who is a merril lynch Financial advisor . What questions should I be asking him ? Here is my current list : - How did you get your start ? - What's the most satisfying part of you job? - What has been the key to your success at merril Lynch?...
Branch Stockbroker/Consultant
Is anyone working or have worked in a branch financial consultant or salaried stockbroker role for a company like Schwab, Fidelity , ETrade, TD Ameritrade? What's your average day like? What are the asset accumulation quotas like on a monthly, quarterly basis? Aside from general paperwork and...
Why am I here?
Hi, all. I kind of wandered into this site looking for answers to some deep questions. These questions things like is the 2% raise + stock bonus (which vests over 5 years) I got a good deal or a crap deal? Or we have 350K to invest - should we pay off our mortgage, buy another rental property, or...
I have a job and I still no what I'm doing or how to move forward.
I have been a bartender for17 years, I have a B.S. in chemistry but I love talking to groups of people and teaching. I love the spotlight. One of my customers thought I would be a great external wholesaler, so I thought what the hell, let's give it a shot. I got hired at Merrill Edge, passed my 7...
Please give me your thoughts - I am looking for guidance from Wall Streets brightest minds.
Good afternoon WallStreetOasis. This is my first post but I have been reading these forums for the better part of three years and I simply can't believe the level of "talent" that contributes to this community. My situation seems to be very different from a lot of people on this forum and of course...
ML or WFA
I have a potential opportunity to join a ML advisor team with over 150 mil AUM under the PMD program or join WFA as a FA building a business from scratch. I've been in sales for over 8 years with a good track record and professional network. I will not however be instantaneously rolling over assets...
Went to a Financial Advisor recruiting/job briefing: confused and unsure
Hi there, Im graduating college very soon with a biology degree and am still a little naive about the real world. I really like stock investing and think it may be one of my passions. I went to a briefing for a financial advisors business where they talked about the position and how we would...
Why is wealth management looked down upon?
Why is wealth management/financial advising looked down by most people on Wall Street? It's one of the highest revenue generators for the banks. I understand it's a glorified sales position when starting out but after you've built your book, you pretty much have full control of your clients assets...
Financial Advisor for which firm?
I'm in an interesting position where I'm ready to pull the trigger and take a shot at some of the bigger names in financial planning/advising. With your experience, can you tell me which Financial Advisory program is the best? I'm debating between Morgan Stanley , Merrill Lynch , Wells Fargo , and...
Hi this is Harrey
Hello all, I am Harrey Martin, Financial Advisor, I love to share thing's which I found helpful to me. As a new member of this community, I am looking for some good friends here, then we can share and get helpful information from each-other.. Have a good day to all :)
Financial Advisory
One of my aspirations in my life is to become a financial advisor. As I was doing some research, I discovered that most people who firms hire as financial advisors are people who were generally financial advisors from the beginning, or were students fresh out of college. Im 21, and I still have...
Is this a dangerous idea?
I will be graduating in December and have secured a job as a financial advisor in my hometown. They are sponsoring me to get my Series 7 and 66 (I have to pay the fees) and I am starting with them after I graduate but I have not officially signed with them yet. I have decided that I would like to...
Except these what should I say
I am going to see a local financial advisor of Ramond James in trying to work an intern in his office, and he does not know who am I. Except introducing myself and showing my interest in wealth management what I should say or prepare? Thanks for all the help?
Transitioning from financial advisory to ER
My story: I graduated May 2009 from a target with an economics major, and my initial goal was to get into equity research and ultimately use that experience to make the jump to a hedge fund or the Asset Management space. Unfortunately, the short story is I wasn't able to get a position so I...
Wealth Management "Business Plan" Help
Long time lurker here, need some help. I just had a first round for a wealth management / financial advisor position and they now require that I submit a written "business plan" that details how I will get clients. Obviously, I have heard of this kind of thing before and I have a decent grasp of...
Morgan Stanley Financial Advisor: Good Gig?
I am currently a senior in college in Atlanta and am interested in knowing what people generally think about working as a financial advisor for MSSB . I have searched the forums and found a lot of good answers, however, I am interested in knowing about how the job is viewed in terms of prestige for...
Oppenheimer & Co Broker Trainee/ Financial Planner A Good Start?
I graduated in 09 with a BA in Economics from Fordham with so-so grades - mainly because school bored me. I have a job interview next week at Oppenheimer & Co in NYC as a broker trainee /financial planner. I'm interested in being a broker/financial planner but also interested in trading. My interest...
Financial Advisor Route to Investment Banking?
I was offered a job today at an independent wealth management company. I am required to take the 52 hour license course and test. However, I still want to pursue Investment banking. I am taking summer courses at college to further build my resume. Should I take the test, and the job as a back up...
ML (FA) Practice Management Development Program (PMDP)
Financial Advisor Practice Management Development Program (PMDP) Merrill Lynch Global Wealth Management Trainee Does anyone have any insight on the interview process, salary, best way to attain position, or what the program is actually like once you get in. Any help would be greatly appreciated!
Financial Advisors on IPOs
It's been a while since IPOs were booming, and the times are different, but how common is it (or how common do you think it will be) for companies to advise on IPOs if they aren't underwriting the deal? I'm curious about the "elite boutiques" that might be participating in IPOs as they become more...
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