1. Search Results

  2. Private Wealth Management/Private Banking Guide for Associates

    Once and for all- Here is the best guidebook I can give you for PWM / PB at the Associate level. Enjoy and show me some love... 1.1 What is Private Wealth Management? 1.2 Who is a High Net Worth Investor? 1.3 Industry Today 1.4 Career Paths within Private ...

    39 comments - 43 silver bananas - Mar 23 2019 - 5:00pm -

  3. AMA: A Bored Financial Advisor

    Hello everyone. I've lurked here on and off over the years and realize there isn't much activity regarding wealth management, but thought I'd register anyway. I'm in my 30s, at an independent broker/dealer, been doing this over a decad ...

    107 comments - 23 silver bananas - Oct 15 2016 - 8:01pm -

  4. 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 ...

    60 comments - 22 silver bananas - Jul 24 2014 - 10:18am -

  5. Experiences with PWM internship?

    Can anyone here who has done a PWM internship related their experiences? Specifically, what did you find good, bad, etc about the job? Any tips on how to take full advantage of the internship for someone who wants to eventually get a BB IBD summer interns ...

    83 comments - 2 silver bananas - Feb 23 2018 - 1:25pm -

  6. A girl laughed when I said PWM

    wtf? We met a bar and talked for a few minutes then she asked why i was in NYC for the summer and I said I'm doing an internship at [bank} for private wealth management. then she f***g laughed for a second like it was a joke. Even though I missed out ...

    65 comments - 0 silver bananas - Dec 21 2014 - 3:49am -

  7. PWM/Private Bank industry lowdown- who has it?

    I'm looking for anyone with experience either personally or through connections to give a run through of some of the top PWM firms (Goldman, ML, JPMorgan, MS, Deutsche, UBS, Credit Suisse, Citi, any others I forgot). Specifically I want to know how t ...

    120 comments - 1 silver bananas - Jun 13 2016 - 7:40pm -

  8. What to do summer before sophomore year?

    I'm currently a freshman in college and I'm exploring my options for the coming summer. This past summer I did a finance-related internship at a small firm. I wanted to hear your suggestions for what to do in order to best set up my career. Some ...

    169 comments - 1 silver bananas - Sep 24 2010 - 5:48pm -

  9. Private Banking (ultra high-net worth wealth management). What can you tell me about it?

    I'm looking into a Private Banking Analyst position at J.P. Morgan. I'm a senior at a semi-target, and I've worked in PWM before. I'm curious to know:-How does private banking differ from general wealth management (besides just the pur ...

    38 comments - 2 silver bananas - Mar 21 2017 - 8:37pm -

  10. Best way for an accounting major to break into finance?

    I'm a recent accounting graduate, with only accounting experience on my resume with dreams of breaking into the finance field. IB or Sales and Trading is pretty much out since I didn't go to a real target school (Baruch College in NYC), but I� ...

    15 comments - 2 silver bananas - Apr 4 2018 - 12:17pm -

  11. Life after BB Private Banking... need advice

    I'm a second/third year analyst at a BB Private Bank in the Southeast US, and need advice on where to take my career from here. The way I see it these are my options at the moment: Climb the ladder at my current bank and try to move internally Go to ...

    21 comments - 0 silver bananas - Apr 11 2017 - 7:58pm -

  12. Useless PWM Internship?

    I think I screwed myself over in the beginning with this internship. When my supervisor asked what I wanted to do, I was too vague and now I'm doing pointless work. I've only been doing it for a week though. I know PWM internships tend to involv ...

    34 comments - 1 silver bananas - Jun 16 2013 - 9:25pm -

  13. PWM Exit Opportunities?

    Hello, what are the exit opportunities facing analysts in PWM from bb firms. Is it common for analysts to go to grad school and transition to IB, hedge funds or PE? Exit opportunities BB PWM ...

    27 comments - 1 silver bananas - May 5 2017 - 11:59am -

  14. Is PWM worth it after undergrad?

    I'm graduating this year and have been considering going into PWM as an investment advisor full-time. I have done a couple summers at a bb and have a good idea of what is involved. I pretty much have no other offers. I am aware that 90%+ of new broke ...

    39 comments - 0 silver bananas - Apr 13 2011 - 12:31am -

  15. 25 Guys to Avoid on Wall Street!

    I found this blog pretty funny so I figured i'd share, and see what other monkeys have to add or say. Feel free to add to the list lol. 25 Guys to Avoid on Wall Street Investment Banking private equity wall street PWM sales and trading ...

    24 comments - 1 silver bananas - Feb 24 2011 - 8:33pm -

  16. WTF!?

    Well I was on WSO and found high school students looking for summer internships... I was literally shocked since I am a high school senior myself... Am I suppose to look for an intern now?? And what is the normal route to IB?? What kind of intern do you d ...

    25 comments - 3 silver bananas - May 12 2011 - 8:19pm -

  17. PWM vs P-Banking

    Is PWM or Private Banking more prestige in terms of pay and experiences? Which BB is the best in each field. PWM private banking ...

    17 comments - 0 silver bananas - Mar 10 2017 - 5:50pm -

  18. FAs/PWM Guys- Can We Get The Real Scoop? THX

    So I know many HF / PE guys, mid to late 20s, who at some point during college interned with a retail broker/financial advisor ("FA")/private wealth manager. You know, those resume padding internships (many unpaid) where you are an FA's gop ...

    21 comments - 0 silver bananas - May 10 2011 - 7:11pm -

  19. Advise like a Rockstar

    In finance, a rockstar is usually defined as someone who produces the most profits for his or her firm or desk, it is synonymous with the "rainmaker", though not necessarily with the BSD's. It's a title dreamt of and lusted over by alm ...

    15 comments - 0 silver bananas - Mar 4 2011 - 10:11pm -

  20. PWM vs. Hedge Fund

    What is the difference between PWM and hedge fund? I understand that multiple investors pool their money into a hedge fund, but isn't that similar to what PWM does? hedge fund PWM ...

    19 comments - 0 silver bananas - Mar 6 2011 - 10:08pm -

  21. Deutsche Bank PWM in LA

    I have an interview in two weeks with Deutsche Bank Private Wealth Management in Los Angeles. The position is for Analyst with a two-person brokerage team. Can anyone give any insight on potential questions they would ask? Thanks! interview job Deutsche B ...

    19 comments - 1 silver bananas - Apr 26 2010 - 10:15am -

  22. JP Morgan PWM Interview

    I have an in-person interview with JP Morgan Private Bank / Private Wealth Management for their 2010 PWM Analyst Class. Background on me: Senior Sociology student at top 3 public university. Marketing Consultant for our University Health Services, Adverti ...

    18 comments - 0 silver bananas - Apr 17 2010 - 5:54pm -

  23. Goldman Sachs Market Solutions Group

    Hey, Has anyone got any experience on this group? Below is a brief description I found and it looks like a good group sitting within PWM 'The Market Solutions Group is a Capital Markets desk that sits within Private Wealth Management. The desk provid ...

    12 comments - 0 silver bananas - Feb 25 2018 - 10:46pm -

  24. Partner tells me PWM will be Boiler Room Style Cold Calling

    Went for a PWM interview, apparently its going to be purely cold calling. He literally calls it a sales-marketing type of internship, brahs got any ideas of how to spin it off into something slightly more professional/finance related for pre-ibd experienc ...

    16 comments - 0 silver bananas - Mar 22 2012 - 5:52pm -

  25. turnover rate in Private Wealth Managment/Private Banking

    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 PWM pb BB PWM ...

    17 comments - 0 silver bananas - Dec 15 2010 - 9:57pm -

  26. Part time job while in undergrad?

    Due to some financial strain what do you guys think of picking up a part time job as I enter freshman year at a US semitarget? Am I just fucking myself over or have any of you been able to manage a job while maintaining a solid 3.7+ gpa? Internship BB PWM ...

    17 comments - 0 silver bananas - Sep 12 2010 - 4:18pm -

  27. NFL star Justin Tuck is now a VP at Goldman Sachs

    https://www.yardbarker.com/nfl/articles/ex_nfl_sta... Former NFL star, two-time Superbowl winner and now Wharton grad will be beginning in the PWM group at GS. Is there any precedent to a big-time NFL star working at a VP level at a bank? justin tuck nfl ...

    8 comments - 2 silver bananas - Jul 5 2018 - 11:55am -

  28. Can just one (unpaid) Internship Lead to a Career in I-Banking???

    Hi All, I'm currently a junior attending a target (ivy league) for I-banking. I was offered an unpaid/college credit internship with Merrill Lynch in Private Wealth Management; although it is in a regional office, it will be in a big city. Most stude ...

    17 comments - 0 silver bananas - May 10 2010 - 5:12pm -

  29. Rejected from PWM, lol.

    So I recently applied for a PWM internship (I'm a sophomore aiming for ibanking), and I found out today that I was rejected. It's super hard to find one because most want you to receive school credit. My school doesn't provide credit unless ...

    15 comments - 1 silver bananas - Apr 4 2012 - 9:25pm -

  30. GS PWM vs no name IB

    Rising jr @ target, trying to squeeze in one last experience before recruiting (so this would be a fall internship) and lets say I had to choose between GS PWM and a no name IB. What should I choose? My prev. internship experiences would include startup, ...

    14 comments - 0 silver bananas - May 23 2013 - 4:34pm -

  31. PE/HF the dream

    Hi Guys, Currently have a FT lined up at BB in EMEA DCM FIG, (think GS, MS, RBS) having completed SA at MM PE shop think (KKR, CVC, 3i), but debating whether to accept FICC trading offer at PWM boutique specialising in EU CDS arb. What are your thoughts r ...

    15 comments - 0 silver bananas - Dec 11 2011 - 2:39pm -

  32. unpaid interns get $$$ under the table

    I'm a freshman and will be working unpaid at UBS PWM this summer. I'm wondering if anyone who was done unpaid freshman PWM internships ever got any money "under the table" as the saying goes. If not then this summer is really going to ...

    14 comments - 1 silver bananas - May 9 2011 - 6:18am -

  33. Series 7/63 Advice

    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 fina ...

    11 comments - 0 silver bananas - May 14 2015 - 2:15pm -

  34. Just how easy is obtaining a PWM job?

    While I have been searching this website, it appears that a PWM job is much easier to obtain than IB or S&T. Although this may be true, what credentials do you need to get a job at a top BB or a reputable MM firm? Are analyst positions still dead end ...

    14 comments - 0 silver bananas - Apr 28 2011 - 4:25pm -

  35. PB shops with PE funds

    Hey guys- I am looking at banks with PB functions (so think MS/ GS / Citi /Boutique PB) that also raise Private Equity funds. Would the PE fund be considered an investment manager from an operational standpoint? Investment Advisors in PB typically recomme ...

    10 comments - 0 silver bananas - May 3 2016 - 3:25pm -

  36. Which has better exit ops, ops or PWM?

    Neither of the two are the best when it comes to breaking into Asset Management or equity research, but which of the two is easier to move over to the buyside? PWM probably has more networking opportunities and you are doing something front office-ish (mo ...

    13 comments - 0 silver bananas - Oct 7 2010 - 12:52am -

  37. PWM compensation $$$

    Title can't be more explicit; talking about US market, might also be interesting to compare with UK, Swiss, LUX and Montecarlo salaries... PWM management Sciences po Paris Money lifestyle comp ...

    8 comments - 1 silver bananas - Jul 9 2017 - 7:47pm -

  38. How fucked am I on a scale of 1 to 10?

    Hi, In about a week I'll be starting my first finance internship, which will be on the research team at a boutique PWM firm in the mid-sized city where I live. The issue is that I am a junior, and want to eventually go into M&A or S&T, obviou ...

    7 comments - 2 silver bananas - Apr 30 2018 - 9:42pm -

  39. Has anyone done GS scholarship for excellence?

    I just wanna know what to expect come superday. PWM Scholarship ...

    12 comments - 1 silver bananas - Feb 14 2010 - 1:37pm -

  40. take pwm offer at boutique or go big 4 acct

    Hi everyone, What i have come here is to ask whether I should take a PWM internship this summer (rising senior) or an internship in audit at a big 4. My career plan is to work at a big 4 auditing financial companies and then get an MBA and make the switch ...

    11 comments - 0 silver bananas - Nov 30 2010 - 1:52am -

  41. Trust Fund Baby Face

    These are the words which shaped my youth. Growing up poor in Brooklyn, these guys were the stuff of legend and when you're dirt poor and the peaks of Manhattan look like a literal Wall Street Oasis...you develop a different set of sensibilities. Eve ...

    9 comments - 1 silver bananas - Aug 14 2010 - 12:38pm -

  42. PWM Internship after Freshman Year

    If this post seems redundant, I do apologize. I'm just trying my best to gain as much information as possible to increase my chances of getting into IBD. I am entering college this fall at an (Ivy) target school and I've been using Google/WallSt ...

    8 comments - 0 silver bananas - Jul 27 2016 - 8:36pm -

  43. Thought Experiment: You're a Freshman in College, What's Your Game Plan?

    OK, I've always been impressed with SoftBank and Masayoshi Son because this guy publishes a 30 year plan. Can you imagine? He thinks 30 years ahead. Let's linger not on the impracticalities of this, but the principle... My nephew is thinking abo ...

    9 comments - 0 silver bananas - May 27 2014 - 3:04pm -

  44. Client Pruning: Is there an algorithm for this?

    Hi, all. I was wondering if any of you have ever been in or seen a situation in which one FA's book had just gotten TOO big and he or she needed to decide which accounts to keep and which to pass on to younger financial advisors. How did they decide? ...

    9 comments - 0 silver bananas - Aug 2 2012 - 3:12am -

  45. Question for IB Associate

    Hi Everyone, I had a question for IB associates on this forum. What is the makeup of your associate class? I work at a PWM company and have a 3.2 gpa (think elite boutique, team based work). I am a recent grad and would like to get into banking at some po ...

    9 comments - 0 silver bananas - Dec 31 2013 - 12:52am -

  46. Offshore account? Think again.

    The primary response to the financial crisis by the U.S. government was to put in place many new regulations that covered everything from setting up a business to centrally clearing all derivative trading. I was recently listening to a video blog posted b ...

    8 comments - 1 silver bananas - May 10 2012 - 9:46am -

  47. PWM recruiters / head hunters

    Does anyone know recruiters specializing in PWM recruiting? or has anyone used one before and could shed some light? I am currently an IB analyst, looking to move into PWM. Any info / advice would be greatly appreciated. Recruiters Recruiting PWM jobs hea ...

    10 comments - 0 silver bananas - Mar 20 2011 - 4:50pm -

  48. PWM Leads?

    Do firms usually give employees a list of leads? Or are employees usually expected to generate their own leads? Are employees aloud to bring the list home? My parents are an hour and a half train ride away from NYC, so I figured I could kill 2 birds with ...

    10 comments - 0 silver bananas - Mar 16 2011 - 8:36pm -

  49. HELP! Drug testing for MS Internship at Local PWM branch?

    Help! I just got a summer internship offer at MS and was wondering if anyone knew the drug testing policy for local PWM branches? Do they administer drug tests because i have to admit, i love trees:) PWM Drug Testing ...

    10 comments - 0 silver bananas - May 14 2010 - 5:13am -

  50. BAML PWM vs MM IB

    BAML PWM is in NYC, part time, unpaid and the MM is local (big city), full time, paid. Is it worth getting the brand name in this case? I am currently a sophomore at a semi target, with aspirations of working at a BB one day PWM mm BAML ...

    10 comments - 0 silver bananas - Apr 7 2010 - 11:41am -

  51. PWM and Ops Internship- Overkill?

    I have done a summer Ops internship and am looking to get into IBD. If I have the opportunity to take a part-time unpaid PWM internship during my junior year, should I take it? Or do PWM internships show the same qualities as Ops internships in the contex ...

    9 comments - 0 silver bananas - Jul 22 2012 - 9:48pm -

  52. far too late

    Internship PWM ...

    8 comments - 0 silver bananas - Jan 8 2016 - 3:36pm -

  53. Do i have a chance to get into BB IB?

    Hey everyone i am trying to figure out if i have any chance of landing a interview/internship/ job in BB investment banking. I just finished my sophomore year at non-target school. I am extremely active on campus, i.e. VP of Fraternity, project manager (b ...

    9 comments - 0 silver bananas - May 15 2011 - 11:25pm -

  54. From a Top 10 Business School to PWM to Trading? Is it possible?

    Hey guys, just wanted to gauge everyone on this. I went to IU's Kelley School of Business (undergrad) and graduated May 2010 (finance major). I've always been doing sales so after getting rejected by a few banks (I definitely didn't work as ...

    9 comments - 0 silver bananas - Apr 20 2011 - 9:10am -

  55. 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, qua ...

    7 comments - 0 silver bananas - Apr 8 2016 - 11:26am -

  56. PWM vs Client Services

    My question is what will be the better choice.... Regional PWM at ML or JPMorgan client services (from what i was told they deal with funds and putting orders through and such) (+) would be doing real work here as i was told PWM ...

    9 comments - 0 silver bananas - May 16 2010 - 2:08pm -

  57. Should I give up my internship?

    So I have a dilemma. I want to go into IB after I graduated, hopefully by landing a solid internship at a BB next year (my junior year). However, from what I've read on the forums, PWM internships are bs. I won't learn anything legitimate, I ...

    9 comments - 0 silver bananas - Apr 24 2010 - 12:51pm -

  58. PWM- Interviewing with a couple of firms in Houston

    Ok, I am interviewing at a couple of firms in Houston and wanted to get the boards thoughts on the firms that I am looking at. JPMorgan PWM Morgan Stanley SB PWM Merrill Lynch (FA Program) Any advice is appreciated. Thanks! ...

    8 comments - 0 silver bananas - Mar 16 2016 - 10:06am -

  59. Technical Questions for PWM Internship at BB

    So I have a interview coming up for PWM at a BB and I would like to know how technical the interview questions will get. From what I understand, PWM mostly focuses on fit questions and less on technical, but I am still unsure on what to prepare for. Any i ...

    6 comments - 1 silver bananas - Aug 24 2017 - 11:57pm -

  60. Opinions on Morgan Stanley PWM

    L PWM ...

    7 comments - 0 silver bananas - Oct 23 2015 - 3:48pm -

  61. Private Banking Relationship Manager Questions

    Hey guys, I'm interested in looking into a Sales related career. I think that I would have the qualities to succeed in a sales-type position and I think that talking to people seems a hell of a lot more interesting than looking at charts and numbers ...

    8 comments - 0 silver bananas - Sep 12 2012 - 10:40pm -

  62. First Year MBA-> PWM

    Greetings fellow monkeys. I am a 1st year MBA student beginning Sept 4, 2012. I have decided to pursue a career path of becoming a private banker in PWM. However, I do lack much relevant experience, and was hoping some fellow monkeys can go ahead and crit ...

    8 comments - 0 silver bananas - Aug 28 2012 - 10:10pm -

  63. Another cold call job for me?

    Gurus, ...

    8 comments - 0 silver bananas - Mar 21 2011 - 5:58pm -

  64. How to look for an internship this summer?

    A little bit about me: I go to a total non target SEC state school. I have a pretty mediocre GPA (3.3), have mediocre extracurriculars, and have no previous internshipsmnance experience. I'm a junior this year and am obviously working on these things ...

    8 comments - 0 silver bananas - Dec 14 2010 - 11:55pm -

  65. More Prestigious- Retail or PWM?

    I have an offer from a large IM firm (250B+ AUM) and have the decision to work in either their retail division or in an investment associate/client facing role in PWM (neither involve any sales). The firm is known for their mutual funds/ ETFs so retail wo ...

    7 comments - 0 silver bananas - Aug 7 2014 - 12:53am -

  66. Asset Management / PWM entry level salaries in the UK

    Hey buddies, long time no see. I was wondering what salary I could expect as an entry level position in an asset management/ pwm firm based in London. I have 2 previous experiences (internships in consulting & IB) and I don't know what could be m ...

    5 comments - 1 silver bananas - Jun 1 2018 - 11:52am -

  67. How hard is it to get a UBS PWM internship?

    Hey So Ive recently contacted some branch managers and I just wanted to know how hard it is to get an internship there. Ideally, I would like to get one in NYC. However, I am from a non-target school in the Midwest (UW Madison). I am a good student (Dean& ...

    7 comments - 0 silver bananas - Feb 6 2012 - 9:07am -

  68. UBS Wealth Management SA in Weehawken

    Anyone have any experience with this SA? It is for the private wealth management division of UBS, but not in a branch office, but at their PWM headquarters in weehawken. Any different? Exit opps after this kind of SA? I am interested in moving to Asset Ma ...

    7 comments - 0 silver bananas - Jan 25 2012 - 12:38pm -

  69. Please give me advice on ML PWM

    I have a ML PWM internship setup for this fall, but my school is not wanting to give me credit for it. ML requires academic credit to be given for their internships, which seems to be the norm after searching WSO. Is there any way around this? Has anyone ...

    7 comments - 0 silver bananas - Aug 11 2011 - 6:57pm -

  70. How's this for a strategy?

    Knowing that applying to BB 's FT for IBD without a connection is basically a lottery, would the odds be better if I just apply to PWM for BB and focus on MM and Boutique IBD (I do have a very good MM connection). Honestly, at the end of the day I ne ...

    7 comments - 0 silver bananas - Aug 4 2011 - 11:00pm -

  71. No work email outside office

    So apparently I can't get my work email set up on my phone. I'm a PWM intern and someone on my team said it's not possible to access work email out of the office. Does this happen at other banks as well? I don't believe it... email PWM ...

    7 comments - 0 silver bananas - Jul 7 2011 - 12:56am -

  72. Bunch of Questions relating to Recruiting from a Noob

    What's the role of HR? Are they the ones to analyze resumes first, or does it go straight to bankers? Will commercial/ private banking internships help in landing a summer internship at a BB? I was going through Penn's career survey reports a co ...

    7 comments - 0 silver bananas - Jun 22 2011 - 5:30am -

  73. GS FIP

    Anybody know what this is? How it relates to the analyst / associate roles? Goldman gs Sachs PWM CFA management asset ...

    7 comments - 0 silver bananas - Jan 7 2011 - 10:18pm -

  74. Guggenheim Partners Performance vs Merrill Lynch PWM

    I have received two offers for a summer internship for this upcoming summer. One is Merrill Lynch and is unpaid--it seems like a great opportunity with a structured intern program (allowing interns to visit the Fed, etc. and holding weekly classes/educati ...

    7 comments - 0 silver bananas - May 20 2010 - 8:35pm -

  75. Morgan Stanley Smith Barney = Morgan Stanley PWM Summer Analyst

    Ok... So I was wondering, a friend of mine accepted an offer with Morgan Stanley Smith Barney... Would it be accurate to leave off Smith Barney and put on his resume: Morgan Stanley Private Wealth Management Summer Analyst Afterall, Smith Barney is part o ...

    7 comments - 0 silver bananas - May 16 2010 - 2:22am -

  76. Goldman Sachs PWM vs. MM IB

    I'm currently a junior going through the interview process for banking. What would be considered better: A PWM internship with Goldman Sachs NY office or doing IB with a middle market firm outside NY (Chicago, Philly, exc.)? For the record, Goldman i ...

    6 comments - 0 silver bananas - Nov 19 2014 - 4:39pm -

  77. ibd bb pwm bb ibd

    . IBD BB PWM sophomore ...

    6 comments - 0 silver bananas - Jan 8 2016 - 3:36pm -

  78. Career Guidance, Need some Insight

    I'm a rising Junior at a target school, and up to this point, I have had no work experience outside of a family owned business. I'm an Economics major, about a 3.7 GPA, and in the Honors Program. My first two summers, I screwed around, had fun, ...

    6 comments - 0 silver bananas - Jun 13 2014 - 11:25am -

  79. Bessemer Trust Culture

    Not much info on here for Bessemer Trust. Anecdotal stories have suggested that they have a very conservative culture. Anyone else have experience working for them or have an idea of the culture? PWM private banking AM wealth management ...

    6 comments - 0 silver bananas - Sep 10 2013 - 2:51pm -

  80. Differences between BB PWMs- UBS/ML vs JPM/GS

    PWM is generally looked down upon, except for the opportunity to add "name" to your resume. Just curious, what is the exact difference between these two categories of PWM gigs/shops? I heard ML / UBS gigs are usually bich work. Would that be dif ...

    6 comments - 0 silver bananas - Feb 5 2013 - 11:00pm -

  81. How common is employee manipulation in different sub sectors?

    Not sure exactly how to phrase this question, so I think it may be best to start with a bit of my story. I have no college degree and I worked in a lower mid-tier PWM firm with a recognizable name as a trainee FA. At this firm from the branch manager leve ...

    5 comments - 0 silver bananas - Aug 30 2016 - 6:21pm -

  82. PWM Job Security

    Hey everyone, Background: I'm currently a junior at Emory Goizueta setup to do a summer internship in accounting but am exploring some alternate career paths. I am interested in staying in Atlanta. So I've been reading some posts about PWM / PB ...

    6 comments - 0 silver bananas - Dec 5 2011 - 2:50am -

  83. Stock Broker = PWM Advisor?

    What does a stock broker do? From my understanding. aren't they the same as PWM Financial Advisors? PWM ...

    6 comments - 0 silver bananas - May 6 2010 - 7:20pm -

  84. PWM or corporate treasury internship?

    I'm a sophomore at a target trying to decide what to do this summer. So far I have internship offers from a small PWM firm and one in the finance/treasury division in one of the smaller fortune 500 companies. I guess my question is, if I want to even ...

    6 comments - 0 silver bananas - Apr 5 2010 - 8:44pm -

  85. UBS PWM vs. Goldman Operations

    I am currently trying to decide between two internship offers for this summer: UBS PWM and Goldman Operations. I am not certain what my long-term goals are so I am more concerned with which internship will give me more useful experience in the finance ind ...

    6 comments - 1 silver bananas - Feb 21 2010 - 11:43pm -

  86. Freshman Internship Question

    Hey guys, I was hoping to get some feedback on which of these internships would better help me get an IB internship next year, hopefully in the JPM Freshmen/Sophomore Summer Honors Program. I have a corporate finance /accounting internship at a large tech ...

    6 comments - 0 silver bananas - May 5 2009 - 2:13am -

  87. PWM and IM Salaries?

    Anyone know around how much someone at a top PWM and IM firm make around mid way through their career. investment management private wealth management asset management AM PWM im Salaries compensation ...

    4 comments - 1 silver bananas - May 11 2018 - 8:17am -

  88. PWM- Showing enthusiasm

    PWM UBS ML PWM ...

    5 comments - 0 silver bananas - Mar 16 2016 - 10:08am -

  89. Sophomore Summer: I'm completely lost

    Please excuse my naivety, but I'm really having some trouble as to where to begin when it comes to looking for something for the summer. I ultimately want to go into IBD, but I feel like it's impossible to find something my sophomore summer. I h ...

    5 comments - 0 silver bananas - Dec 24 2013 - 5:23pm -

  90. Public Finance-Ibanking vs Fund of Funds vs PWM

    Hi Guys, I just received three offers for three different positions and wanted to see if ya'll can help. I'm deciding between public finance- investment banking analyst role, well-sized fund of funds analyst, and PWM analyst position with a BB. ...

    5 comments - 0 silver bananas - May 14 2011 - 7:38pm -

  91. Multiple Internships or Not?

    What's more important to have on a resume, various experiences or one experience over a long period of time? For example PWM UBS and Morgan Stanley part time or a single Hedge Fund Internship? I'm in this situation. It would be great if anyone c ...

    5 comments - 0 silver bananas - Apr 19 2011 - 6:29pm -

  92. JPM Private Bank vs Private Wealth Managmenet- first year analyst salary diff?

    Anybody know the salary differences for first year analysts? I understand the difference between the two distinctions (PB vs PWM)... although I went through the interview process and still don't know which I interviewed with. Got this email: "We ...

    5 comments - 0 silver bananas - Mar 8 2011 - 5:15pm -

  93. Sophomore summer in PWN

    So I am a sophomore at a non-target looking for internships. I have had zero luck looking for positions in IB (no surprise), but recently was offered a payed position at a small PWM firm in my town. Should I try to hold out for a more prestigious firm? Am ...

    5 comments - 0 silver bananas - Feb 15 2011 - 2:46pm -

  94. PWM site like MC?

    Im curious if anyone knows of any sites like managementconsulted.com that's geared towards PWM /Private Banking? PWM ...

    5 comments - 0 silver bananas - Dec 2 2010 - 4:53pm -

  95. PWM Analyst Full-Time Final Rounds

    Anyone have any advice/tips as to what to expect from a final round interview for full-time pwm analyst program? Much appreciated, thanks! PWM Final Rounds ...

    5 comments - 0 silver bananas - Nov 29 2010 - 1:02pm -

  96. Fall recruitment/ informational interviews?

    i had a few questions that were out of my curiousity and what goals i should set for myself in the future: i was wondering what are my career options in teh future if i have the given experience: independent investment counsel firm, pwm @ Merrill lynch, a ...

    5 comments - 0 silver bananas - Jun 1 2010 - 4:21am -

  97. What do you think is better?

    I was fortunate enough to be invited back for a third interview with a money manager. The firm interviewed me for two roles PWM /client advisory services for high net worth ($50 million plus) ops for the institutional asset management side in the words of ...

    5 comments - 0 silver bananas - Apr 1 2009 - 9:53pm -

  98. Youngest paid PWM internship you have heard of

    What is the youngest you guys have ever heard of someone getting a paid PWM internship? My friend got one at ML as a freshman, and I was if this was a typical result. PWM UBS MS ML intern ...

    4 comments - 0 silver bananas - Apr 11 2016 - 10:20am -

  99. Fortune 50 or PWM

    Have an offer for a finance role at a large fortune 50 company and an offer from a boutique PWM firm that has been growing steadily for a few decades. Looking for advice to aid in my decision, thanks! wall street PWM decision Fortune 500 job ...

    4 comments - 0 silver bananas - Nov 17 2014 - 9:59pm -

  100. Wealth Management but don't want to be an Advisor

    Hi, I'm very interested in working in wealth management as an analyst/ associate (working with clients, equity research, analysis) as a job out of a target school, however I do not want to be an Advisor in the long run. Is this a good route to take? ...

    4 comments - 0 silver bananas - Sep 20 2014 - 11:08am -

  101. Is this illegal? Avoiding Gift tax?

    Hi everyone, Lets say I want to gift 20k to my son. Obviously I can pass on 14k without inuring any gift tax but can I give $6,040 to my cousin (pay him 40 dollars lets say so cover wiring expenses, etc) and have him gift 6k to my son? where dem pwm folks ...

    4 comments - 0 silver bananas - May 8 2014 - 8:54pm -

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