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Help choosing offer between PE and RIA
Hi everyone, As the title suggests, I have 2 offers pending. One is with an RIA as a Senior Analyst and the other is a Fund Accountant with a MM Private Equity firm. I am trying to get some advice on which role which role will be better in the long run. Right now, I am an analyst at a PWM associated...
Fintech is going to kill Private Wealth Management jobs?
So it has been clear to me that algorithms will eventually be capable of doing everything that a traditional wealth manager is. Given this trend, I, rising junior, am a bit worried about being able to even have a job in the industry, and am even considering starting a robo-advisory as a method of...
Accepted back office position with Goldman PWM- Possible to make switch to front office?
Greetings, I just accepted a position for a back office front office . I know that making this switch is a seriously daunting task, and many fail at getting it done. Does anyone have any tips or insight as to how I can make this happen? I'm willing to go to as many networking events as needed and to...
PE to PWM
Background: Currently an associate at a smaller MM PE firm in the midwest, still have a year or two before I apply for business school. My firm has a track record of bringing back associates post-MBA to move up as VPs/Principals, which is a real possibility for me. A close family member recently...
Portfolio Construction Analyst Interview Help!!
I have an interview for a BB in their PWM business for a portfolio construction analyst role. It's entry level for a team within the division. Won't be part of an advising team, but an internal team that helps advisers with asset allocation, quant analyses, manager selection, creating reports, etc....
Morgan Stanley Wealth Strategies Group?
Hey all, Anyone know anything about the Wealth Strategies Group (WSG) at MS? It's within their PWM business and helps advisers and advising teams with investment strategy and performance, I think. Not much information on it online so hoping someone here has information on this. What are some exit...
Need help choosing an internship
Hello, some background: I am an incoming freshman (current high school senior) planning to matriculate at a target undergrad next year. In the past two years, I have completed internships at a small credit ratings engineering firm (moody's spin-off) and a small california based VC firm. I really do...
Morgan Stanley PWM vs Duff & Phelps Valuation
Looking for some career advice from fellow Monkey's... I've been given two opportunities in rather different directions but wanted to gauge some other inputs on everyone's personal opinions. Background: Undergrad finishing up this May from a non-target, top public school in the Southeast. I've been...
Want to be in AM/PWM long term, which internship to choose for this summer?
Hi guys, I wanted to ask you for your opinion regarding possible positions for a summer internship . Long term, I see myself within investment and Asset Management either at a proper investment management firm or in one of the arms of the BB banks. For this summer I have different options which...
How to break into Institutional Sales/PWM at a BB firm after UG
I am currently a 1st year at a large retail Asset Management company that is a household name and I would like to try to break into a sales career at a BB (or good mid-tier firm) in either the Institutional Sales or PWM (non retail) and I do not know how to go about it. I would prefer Institutional...
What's the next move?
I've recently finished my first semester of my freshmen year at a regional target school. Over this summer I won't be studying abroad as I can't afford it, and I don't want to go back to my job as a lifeguard. I'm really looking for the opportunity to take on a banking internship or a PWM internship...
Chances for a top MBA from Private Bank/PWM
Hi everyone. I was wondering if anyone could provide some insight into whether one could get into a top MBA program out of Citi's Private Banking Analyst program. It's a 2-year rotational program after which you're matched with a team (I believe this could be on the client side, investment side,...
Buy-side to Private Wealth
Hi all, New to WSO boards but here looking for some insight. I've spent 7 years on the buy-side at a L/S equity HF and considering a switch to Private Wealth through a family connection who has been in the business a long time. Not sure what to expect from the role, comp, potential challenges I may...
Investment Management Internships in Virginia Beach
I'm attending a small school in Virginia, Regent University. I am strongly interested in finance (namely investment management) and was wondering if anyone knows of any firms in the area where I could obtain an internship. I will only be a freshman in the fall, but I recognize that because my school...
What "Ballers" gets about football and money
Read this in the new york times. Show looks good. Really captures the hustle of PWM What "Ballers" Gets About Football and Money HBO’s “Ballers” has been compared repeatedly to “Entourage,” but amid its (many) scenes of dudes partying, the show focuses on something a bit more nerdy: money...
Wealth management in mainland China
I'm interested in reaching out to someone who could give some color on the wealth management industry in mainland China, like what existing firms are offering, what clients are looking for, and what major hurdles a new entrant would face. Any idea who I can try to get in contact with? Thanks!
Guidance on Career Help IB, PE, Asset MGT., Wealth Managment
Merrill Lynch Seasonal Client Associate
I applied for a seasonal client associate position with ML and have an interview late this week. I'm more interested in investment banking than wealth management, but I'm curious: what skills are transferable? Is it worth taking the job? What was your experience like? I thought it'd be good to get...
Transition into VC from Private Wealth Management/CFP. Advice?
Hi all! I am new to this forum so thank you for listening to my personal career issues. Hopefully someone else has been in my position and can provide some insight. Background: I graduated summa cum laude with a finance degree and a minor in entrepreneurship. I love the startup scene and am a due...
Starting Career in PWM
Hey Everyone, I am new to the site and this is my first post so I apologize if this post should be in another forum. Anyways, I just graduated college and will be starting my job as an analyst in the Investments division of a PWM firm. I interned there last summer for one of the portfolio management...
Which Role Should I Take?
Hello All, I'm in a bit of a predicament at the moment. I am in my penultimate year of university/college and whilst I was initially looking for a summer role in IBD things didn't quite work out that way. Instead I have been offered a variety of roles for 8/9 weeks in private or corporate banking at...
The Rise of the Hybrid Advisor??
Hi everyone, I came across these articles (although they are a bit dated) and I wanted to hear what everyone else had to say about them. Is this really the fastest growing sector within finance? I'm not sure what is so unique about these firms, can anyone shed a light on these? They are all related...
Cities with the Best Cost of Living / Work Life Balance in Finance
I've come to the conclusion NYC is not for me. More power to all of you whose dream is working on the street, it's just not for me. Cost of living is too high. Hours are too long. Taxes are too high. Where in the country is the best balance between high salary and low cost of living in finance? I'm...
Wealth Management to S&T...likely to happen?
Good evening monkeys, Currently a senior at a non-target going through the interview process. As of today, I have just received a formal offer to be a FA at top tier wealth management firm (think MS, BAML ). However, I truly want to be in sales and trading and not on the wealth management side of...
Advice for Internships
Hi guys! I am a freshman at UNC - Chapel Hill and I am currently looking for a summer internship . I really want to land a finance internship, especially in wealth management, but right now I think I would be lucky to get anything. I have tried almost everything - emailed over 20 local WM firms...
How PWM really works (part 2): Breaking In, Staying In, and Getting Out
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 $$$ Next post will focus on misconceptions, differences between...
Not Having any Luck With PWM
For my freshman summer, I wanted to get an internship. So I've cold call a few places in my city. Most of the major banks does not have a WM division since they were just satellite offices. Others said told me to just look online and apply from there. Some said they don't take in unpaid internship...
How PWM really works (part 1): past, present, future, and $$$
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...
Why is PWM looked down on?
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.
Fixed Income S&T versus WM Analyst in New York
Hello world, I am a junior at a non-target school and am having trouble deciding where to intern this summer. I have an offer from a boutique Fixed Income Sales and Trading firm, and am waiting to hear back from final round interviews at Morgan Stanley and J.P. Morgan in their wealth management SA...
Goldman Sachs PWM: Wealth Management Professional vs. Private Wealth Advisor
On the Goldman Sachs website these two job descriptions seem quite similar. Could anyone provide some insight as to the differences between these two positions i.e. daily duties and responsibilities. Ideally would love to hear from someone who worked at GS PWM or knows someone that did!! Thanks in...
Dont know which internship to take
whats the better addition to my resume for a part time internship commercial real estate at no name firm doing interesting work vs pwm at big name firm doing menial work
More advice on landing internships?
Hey guys! I actually posted a few days earlier so ill keep the introduction short. I'm a freshman going to a non/semi target school and residing in NY . I am really interested in finance and am hoping to get into IB one day. A lot of very helpful people said on my previous post that a PWM internship...
Shareholder Services, Control Oversight Group, Private Wealth Management
I was wondering if someone can shed light on the differences between these divisions at GS . Thanks
From PWM to Sales/Trading
Hello all Monkeys, I am sophomore in a non-target school looking for some advice. I would like to work in sales and trading and wanted to get a head start. I was looking for possible internships and I was offered a PWM internship. I plan on taking it to boost my resume up. However how would I move...
PWM to Equity Research
Hello WSO community, long time lurker but first time poster. I am looking to move into equity research from my current role at a large private bank. A little about myself: went to a non-target undergrad, low GPA, and spent a few years hopping round back office jobs before I landed my current...
Recommended PWM & PB Information
Can anybody direct me towards any good threads on here or outside sources on PWM & PB career paths and other general information and discussions? I've read alot of threads on here but the information seems pretty limited since its mostly IB on here. Thanks EDIT: I'm mostly interested in information...
Public Accountant to Wealth Management
I am in my 2nd year of public accounting working for one of the big 4. After realizing public accounting isn't my style, I am looking to get into private wealth management or financial planning. Any tips, help or advice on breaking into the industry would be greatly appreciated. Such as how to have...
What if your broker goes bankrupt?
Hi, this is probably a stupid question, but what happens if your broker goes bankrupt? Assume you were rich (I'm not) and you wanted to invest some of your wealth into somthing very save, say, inflation-protected government debt. I know there are mutual funds that specifically invest in this asset...
Want to get out of Wealth Management
Hi Everyone, I have been out of school working in wealth management and honestly have been very disappointed. Think elite boutique (average client 5mm, I have my 7 and 63). I want to change careers for a couple of reasons, 1 I think are clientele are boring - i sit around talking on the phone with...
Help! Meeting with PWM Director next week
So next week I will be meeting with the Head Director at a local boutique PWM Firm about possible summer opportunities at the firm. How should I prepare for this meeting? How should I market myself so that he would be willing to create some sort of paid/unpaid PWM Internship for me. To give you some...
PWM Internship while in community college?
I am currently still attending community college, planning on transferring spring next year (2015 spring semester). What is the likelihood of landing an PWM internship over the summer? Should I just hold off until next year?
Private Wealth Management Internship Questions
hello, i am a freshman and i am searching for a PWM internship . i have a few questions: i passed my resume onto a MS manager and she said that she will pass it on to her recruiter and told me to follow up with her a few days from today. how long are a few days? thanks! and also, what type of...
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