Displaying 90 of 189 results

  1. Search Results

  2. What do you think is better?

    Job Search Advice

    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 comments1 Apr 2009 -

  3. 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 comments11 Apr 2016 -

  4. Fortune 50 or PWM

    Job Search Advice

    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 comments17 Nov 2014 -

  5. 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 comments20 Sep 2014 -

  6. 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 comments8 May 2014 -

  7. Sophomore at a non-target (T50) trying to get into banking. 3.9+ GPA & currently doing a school-year-long BB PWM internship a couple days a week. After talking to some of the regional MM firms I am not too optimistic about landing a IBD gig for this c ...

    4 comments13 Dec 2012 -

  8. Academic Research vs PWM?

    Equity Research

    Hey guys, after a pretty competitive application process I found out today that I was accepted to do a research project with a finance professor at my school over the summer. However, based on the expectations my professor laid out, it looks like this pos ...

    4 comments19 Apr 2012 -

  9. Best Offer In the List

    Investment Banking

    I am deciding between offers, but wanted feedback on which would set me up best for BB IB FT recruiting, B School down the road, and if I don't make it into IB after graduating, transferring into IB after B School. I am a Junior non-target. Offers: B ...

    4 comments15 Feb 2011 -

  10. Looking for a pwm / Asset Management internship. Formatting is a little funky, and bear in mind this is the first resume I've made but feel free to tear it apart. I had qualms about listing my soon-to-be school on there, not sure if I should keep it ...

    4 comments9 Jan 2011 -

  11. Alright guys, cut it short, My friend is currently in PWM but he wants to do is S & T. So he is proposing if he could spend some time in the morning (so btwn 7-9?) with the sales desk before he goes to his normal daily routine task (9onwards) initiall ...

    4 comments6 Jul 2010 -

  12. PWM vs Sales roles in IB

    Job Search Advice

    I wonder what everyone thinks on the topic of private wealth management vs sales roles in IB? What are the pros and cons and which one do you find more attractive? In terms of pay, bonuses are based on performance, so what are the ways to measure performa ...

    4 comments18 Feb 2010 -

  13. Hi: I have a Goldman Sachs Investment Management FT 1st round interview coming up. I was just wondering what is the difference between GSAM and PWM? From what I know, GSAM deals with institutional clients while PWM deals with more individuals. Are the oth ...

    4 comments27 Sep 2009 -

  14. ML's advantage?

    Asset Management

    What are ML 's strengths and weakness? and their AM divisions? I did my research, but I would like to hear other aspiring analysts' inputs. Thanks guys Merrill Lynch PWM AM Salary ...

    4 comments15 Apr 2009 -

  15. Hi Guys, I am between two offers. The first is for an internal wholesale gig, working for a highly respected investment management firm; the second is for an analyst position at a newly established RIA (AUM of ~200MM), where my functions would include pla ...

    3 comments26 Apr 2018 -

  16. Hey guys, ...

    3 comments6 May 2020 -

  17. I am looking at PWM internships during the fall and have found Merrill, UBS, Smith Barney and RBC around my school. Which internship would be the best in terms of learning and experience? Also, is a PWM internship better than a general finance internship ...

    3 comments6 May 2020 -

  18. PWM-> Banking-> VC

    Investment Banking

    I have some questions about banking. I'm considering the industry because VC sounds like a potential career for me in the next ten years and I have heard that banking or consulting is the route prior to VC. Quick background: I work at a BB PWM firm i ...

    3 comments6 May 2020 -

  19. Regional PWM Office Respect

    Asset Management

    What type of respect/exit opps exist for an analyst at a top BB PWM (GS, JPM, GS, CS, DB) division in a regional office (LA,Chicago,SanFran, Palm Beach, etc)? I am looking to continue in PWM / PB but do not know how these are regarded in terms of prestige ...

    3 comments6 May 2020 -

  20. Full Time MBA- Worth it for PB/PWM?

    Business School and GMAT

    How difficult is it to transition into PB / PWM post MBA, more so JPM PB / GS PWM than say Wells Fargo/ML retail..... I'm sure a H/W/S MBA would help quite a bit, but most grads from there are interested in PE, VC, HF, IB, Consulting, etc. Top 20? To ...

    3 comments23 Feb 2018 -

  21. CFA/CFP roles + PWM question

    Asset Management

    Hey guys, I've worked ~4 years in equity reserach (have CFA) and have recently switched to PWM and am planning on taking the CFP. i enjoyed research but did not like having my comp tied to stock calls longer term. My new role isn't up to par wit ...

    3 comments6 May 2015 -

  22. Hi, During my last internship (PWM) I did not do much of anything, but cold calling all day long. I'm trying to update my resume now, and I would like to get some feedback on what I have under the description of my last PMW internship. PWM Intern: * ...

    3 comments5 Apr 2015 -

  23. Equity Research to PWM

    Equity Research

    Hi all Buy side ER w/ ~4 years of experience + CFA. Looking to possibly switch in to PWM as the client interaction + skills learned in person finance attracts me (vs. digging through company financials). I know this may be a 'step down' in terms ...

    3 comments20 Jul 2014 -

  24. What To Do Before PWM

    Asset Management

    What experience do you think is necessary or just beneficial to have before getting into PWM? I'm pretty sure I've decided that's what I ultimately want to do. Right now I'm working in a BB doing Operations for the Investment Bank. Wha ...

    3 comments1 Aug 2012 -

  25. Hi all, I am being called in for a second round interview at a relative large (over $2bn AUM) PWM firm for a Senior Analyst interview. I have been told that I will be given a case study to do in-person. I wanted to know what to expect from this case study ...

    3 comments12 Dec 2011 -

  26. Background info: Junior at a semi-target, Economics major, bad GPA (~3.0), decent extracurriculars. Got interested in the field around December of last year (2010) and was too late to participate in any structured form of hiring. I started cold-calling mo ...

    3 comments4 May 2011 -

  27. From what I read on this site, it seems that you are expected to obtain clients as an analyst or associate in PWM. If you are working at a BB that only takes extremely rich clients, how are you expected to do that? If someone is in the business (BB's ...

    3 comments28 Apr 2011 -

  28. How much do financial advisors make on their first year when they have 0 clients. I've herd starting salary is around 40-50k but wouldn't it be possible to make like 10k if you struggle to get clients PWM Salary ...

    3 comments17 Mar 2011 -

  29. it's just been a week since i started browsing this forum, and i dont have too much background in this industry anyway, so i may sound very dumb at times. im a rising junior at a fairly decent (non-target, i'd say second tier for business) under ...

    3 comments4 Aug 2010 -

  30. PWM to PE

    Private Equity

    Can someone give some insight as to how to go from an Analyst position at a BB PWM firm to a PE firm (doesn't have to be vanilla PE, it can be RE PE or whatever)? What's required? MBA? MAcc? CFA? IB exp.? I'm hoping to make a move in two ye ...

    3 comments29 Jul 2010 -

  31. I'm a Freshman at a target university, and I'm trying to get some experience in finance this sumer. I'm contemplating applying to several small and large local BB Asset Management branches but am ignorant of the process. If a group is not e ...

    3 comments4 Mar 2009 -

  32. is PWM really that bad?

    Investment Banking

    I know there are plenty of credit-based PWM internships out there, but i mean not all students do it, so doesnt it add some value in regards to big name onto your resume? Assuming you do some legit work and not cold call all day, doesnt it help? PWM ...

    3 comments28 Oct 2008 -

  33. Is B School worth it for me?

    Business School and GMAT

    I was recently admitted to a T15 B school and want to run some career advice through WSO. My group/team is openly anti-mba so it's not like I can go through my mentors/team. They don't know I applied, etc. I'm just trying to ask myself if i ...

    2 comments6 May 2020 -

  34. hell everyone.... I was wondering what internships were specifically offered at the MS headquarters in purchase, ny. I looked online and couldnt find much. I interned this summer at MS in a near by location and got some really good connections and network ...

    2 comments6 May 2020 -

  35. Next year

    Other Industries

    I'm a freshman and will be interning at UBS PWM this summer. I have a strong GPA and attend a small private LAC in New York. I want to work in IB or AM / PWM after college. Give me suggestions for my remaining summers. Where should I intern next summ ...

    2 comments6 May 2020 -

  36. I am currently employed as a consultant at a large, mid-tier consulting firm, however, I have always had an interest in S&T and PWM and have lately been considering going back to school for an MBA to achieve this goal. I just wanted to get some insigh ...

    2 comments23 Aug 2017 -

  37. Hello Everyone, I recently met a classmate that is older and is the floor manager at a Management Firm. They manage a bunch of different companies for some "rich old guy," (this is what my classmate told me.) I told him I was looking for a summe ...

    2 comments25 Feb 2013 -

  38. Is it a faux pas to talk about preferring to work in S&T or IB while working as a summer intern in PWM at a bank that doesn't have a lot of business in IB? Or, if you get asked where you see yourself in 5 years in an interview for such a position ...

    2 comments8 Feb 2015 -

  39. PWM to CFO?

    Job Search Advice

    Hi WSO, Here is my situation: I'm a 2013 grad from a non target, economics major, work in BB PWM, 3.2 gpa, great EC's. Ultimately I want to be a CFO because it allows me to: 1. work with companies 2. Help build something from the start to finish ...

    2 comments17 May 2014 -

  40. I had a PWM internship abroad. Should I mention on my resume that it is the largest (10 billion aum) and oldest in that particular country? it's not just a regular pwm shop, they do their own in-house research, have their own investment funds, specia ...

    2 comments21 Apr 2016 -

  41. PWM- What did you learn?

    Investment Banking

    To those who did PWM internships before, what did you do and what finance knowledge have you learned? I personally feel like I didn't learn or accomplish anything significant. PWM ...

    2 comments16 Mar 2016 -

  42. Hi, I just ended my sophomore year at a semi-target school (at Penn but not in Wharton). I was very late in securing an internship, but now have the choice to work for either a small wealth management company in my hometown or do a remote unpaid internshi ...

    2 comments14 Jun 2012 -

  43. I'm a junior right now and I already sent out my apps for IB, but my old firm offered to set up a PB internship with a top BB for me They said that IB is overrated, that the money isn't as good since 08, and the traditional IB-> PE path is a ...

    2 comments26 Aug 2012 -

  44. Hello, I realized that this website looks at PWM /Private Banking as a secondary carrer to Ib or S&T. Does this mean it is easier to land a job there? Will they take kids with lower gpa's more readily? Do they look for different skills such as a ...

    2 comments4 Jan 2011 -

  45. I am currently in the process of interviewing with Goldman Sach's Private Wealth Group. I would be brought on as a Wealth Management Professional (one step above an analyst, one step below a Advisor). I would like to have an idea of what kind of sala ...

    2 comments15 Jul 2010 -

  46. summer position help

    Investment Banking

    My question is what will be the best for a sophomore.... Regional PWM at ML JP Morgan temporary position (when i asked for the position i refered to it as an internship and he specifically said it was not an internship, i dont know if that is good or bad) ...

    2 comments7 May 2010 -

  47. Abrams Group-UBS PWM

    Asset Management

    the Abrams Group is apparently a subdivision of UBS 's wealth management division. was just wondering if anyone knew anything about them/what i would be doing in a SA role there? UBS PWM summer analyst Salary ...

    2 comments16 Feb 2010 -

  48. Summer Internships (1st year)

    Investment Banking

    I wanted to apply for a PWM internship this summer, but some, namely the MS one I've been looking at, say "Candidates must be in their junior year of a four-year accredited college or university majoring in business, economics or another relevan ...

    2 comments16 Dec 2008 -

  49. Hi All, Has anyone received an offer from GS for the PWM Summer Associate program? Specifically for the London office. PWM Salary ...

    1 comment9 Apr 2020 -

  50. Hello, I have a 2.7 GPA at a non-target school, and am a sophomore. I am heading into a BB PWM internship for this summer, and I am concerned I will be completely blown off by firms when applying for Summer Analyst 2020 positions due to my low GPA and uni ...

    1 comment21 Mar 2019 -

  51. Hey everyone, I'm looking for advices from people who had a previous work experience in Montecarlo, Monaco. I've heard the compensations are very high there (as high as they could be in Switzerland), but with a greater lifestyle (sun and sea-lif ...

    1 comment6 May 2020 -

  52. Private Wealth Management or PWM is a service offered by institutions to high net worth individuals and firms. The services typically offered with private wealth management include: Investment advisory Money management Wealth planning First priority produ ...

    18 Jun 2012 -

  53. Hi guys, looking for some help here.. a bit of a background first.. I attended uni in Asia studying engineering, and then completed a Masters in Fin from Europe. Came back to my home country (in Asia) post Masters (wrong time to graduate in EU- 2012), and ...

    1 comment6 May 2020 -

  54. Hey everyone, I am from New York, but I am going to be interviewing with an investment advisory firm out in Los Angeles (SEIA Signator). They have 5.1 billion AUM as of December 2015, and growing. I am a 22 year old that graduated from college last May (S ...

    6 May 2020 -

  55. I'm thinking of applying to UBS 3yr PWM program. Is it possible to get a good recommendation for B-School post completion? Will the recommendation hurt me? My goal is enter into VC /Industry/ IBD (in that order of preference). Stats: Non-Target 3.9 1 ...

    6 May 2020 -

  56. Hi, Rising sophomore in college hoping to get a PWM / boutique IB internship next summer. I've done a software engineering internship as well as a marketing internship, but I want to get a finance internship on my resume next summer to help me with B ...

    6 May 2020 -

  57. Skills to pick up this summer

    Job Search Advice

    I'm interning at a BB PWM branch in NYC this summer and will likely have a lot of free time in the evenings and weekends. I have a S&T interview at a BB this August and am looking to pick up another skill this summer in my free time. Any recommen ...

    1 comment6 May 2020 -

  58. I'm a non-finance senior in college (former finance major). I'm entrepreneurial and wouldn't want a crazy training program or someone breathing over my shoulder constantly.. are there any pwm grad programs that allow you to start building a ...

    1 comment6 May 2020 -

  59. The status on my Goldman Sachs Portal was recently updated to say "Thank you for interviewing with Goldman Sachs. We will be in contact with you shortly regarding your status. Thank you for your patience." Does that mean a decision has been made ...

    1 comment13 Nov 2017 -

  60. Which Internship is Better?

    Job Search Advice

    Currently have a sales internship at a brokerage firm. Decent pay but I cannot imagine doing this for 3 months. Looking at the following two internships, no guarantee that I get either one, but I have a small network at both. Bulge Bracket, Los Angeles Br ...

    1 comment6 May 2020 -

  61. AllianceBernstein PCS

    Asset Management

    Currently sitting on the waiting list for 2 BB SA S&T roles in sales and trading (sounds like I'm near the top for one, got call back next morning, chances?) and am starting to look at other areas for this summer (I'm a Junior) to try and le ...

    6 May 2020 -

  62. Interviewing for PWM (LATAM)

    Asset Management

    Hey guys, first time poster here. I have second round PWM interview for LATAM with a bulge bracket. This is my first second round for a PWM job. How should I prepare for the interviews. I will be meeting 6-7 people in one day. This is for an advisor posit ...

    6 May 2020 -

  63. post ML interview/dilema

    Job Search Advice

    Hi all, I am a junior at a univ. in the west coast. Recently, I got two referrals for two separate ML offices. One ML is GWM and the other is Private Banking (ultra high net worth). I eventually want to become a financial analyst at a private bank (my goa ...

    6 May 2020 -

  64. Freshman Guidance

    Job Search Advice

    I'd like some guidance/advice as to what I should do to obtain a job in investment banking. Some background: I've been reading this site for about a year, but felt like I didn't have enough expertise to make an account and post (I still don ...

    6 May 2020 -

  65. with all the hype surrounding the rise of activity in asia, and that im an asian american anyway, im wondering how to best position myself for a job/career in SE asia (hk, china, south korea, japan) currently attending a semi target undergrad (in the U.S. ...

    1 comment6 May 2020 -

  66. BofA/ML, Oppenheimer, JPM PWM

    Job Search Advice

    I have been given an offer as a Financial Advisor Trainee at Bank of America Merrill Lynch in San Francisco and as a Financial Advisor Associate at Oppenheimer & Co. in New York City. Does anyone have any insight as to which is better (salary, learnin ...

    1 comment6 May 2020 -

  67. morgan staney hong kong pwm

    Job Search Advice

    So I recently got invited to an interview with Morgan Stanley Hong Kong's Private Wealth Management group and was wondering if anyone could give me some insight on how the interviews actually go. I'll be doing 3 one-on-one interviews on campus w ...

    1 comment6 May 2020 -

  68. In case you missed our September 8th webinar entitled Private Wealth Management vs. Investment Banking, have no fear. The full recording of the webinar can be found below (free until Tuesday morning when it goes into our video library). SIGN UP FOR A 1-HO ...

    1 comment8 Oct 2014 -

  69. Hello all, Any career advice would be appreciated: I have about 7 years in the industry working in prop trading and as an advisor for the world's largest RIA. I've won multiple awards, been a top performer at my firm and have been pulling in abo ...

    4 Feb 2016 -

  70. What's the next move?

    Job Search Advice

    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 f ...

    21 Dec 2015 -

  71. Can someone tell me about the Associate Program at AB? I don't have a geographic preference but was curious to learning about exit opps, the program in general, your experience, hours, B school opportunities, interview questions/format? How would thi ...

    15 May 2015 -

  72. Evaluating my options

    Investment Banking

    Hi WSO, It has recently become my goal to break into the banking industry. I am a 2013 grad from a top ranked (non-target) LAC, with a 3.2 gpa. I currently have been working in pwm for 1 year (elite boutique in SF) and while I have gained some valuable sk ...

    1 comment3 Aug 2014 -

  73. Applying for SA, Target Sch. After this summer, I need go for fall FT recruiting. Assuming I want to go into consulting (preferably the big ones like MBB) more than banking (but fine with banking), which one is a better choice? I can possibly also obtain ...

    1 comment12 Mar 2014 -

  74. PWM Questions!

    Job Search Advice

    Hello WSO, I am interested in becoming a PWM analyst, but I have a few questions. Is it possible to break in as an analyst after graduating from college? And serving as an intern for two summers at PWM, is it easy to secure a FT offer? Thanks! career inte ...

    1 comment11 Mar 2014 -

  75. I've seen one other thread concerning bonus info, mostly for associate+. So let's get a thread going for all levels and all divisions. Analyst and up, PWM, IBD, ER, IT, doesn't matter. Personally: Barclays PWM, very bad. I've heard IBD ...

    10 Feb 2014 -

  76. If you are confused by all the lingo getting thrown around Wall Street and the WSO forums, you've come to the right place. We know it can be confusing but don't worry, we are here to help! Below you will find a comprehensive list of finance acro ...

    26 Mar 2015 -

  77. Hey guys. I'm a freshman and looking for a PWM internship this spring semester. Should I wait till after the New Years to start cold calling? Or will people be busier that time of year or on vacation? Internship PWM ...

    1 comment27 Dec 2012 -

  78. Hi, I was asked this in an interview and wasn't sure how to answer it as I am not so clear in the distinctions... I have worked in Asset Management, but in a rather smaller firm where it was me and the PM only. I was asked how I'd describe the d ...

    1 comment7 Jan 2012 -

  79. PWM Selected Experiences Help?

    Investment Banking

    I have a Fall PWM internship and my financial advisor is pretty chill. I could work on anything I want most of the time. If I want to get into IB, what kind of jobs should I be asking to do? freshman PWM sophomore ...

    11 Aug 2011 -

  80. Just curious if anyone has any information with regards to BWA? Can't seem to find anything through the search function. Keeping it broad because any info will be helpful. Phone interview setup this week. Summer Internship PWM Barclays Wealth Salary ...

    24 Apr 2011 -

  81. Does anyone know the scoop on Barclays wealth in America? They have been making aggressive hires from JPM, GS, and CS over the last few months. Barclays PWM Salary ...

    1 comment31 Jan 2011 -

  82. My mom's cousin is going to become the new treasurer of our state this January. I'm a freshman at a non-target and am looking for something to do next summer. Would an internship with him be better than a PWM or f100 internship? If it is, would ...

    1 comment17 Nov 2010 -

  83. hi everyone, i was wondering if anyone knew of any asset managment / investment management companies that are still recruiting, particularly firms that offer rotational or development programs? i have interviewed for Northerntrust and some BB firms, but h ...

    6 Nov 2010 -

  84. WM vs PWM offers

    Asset Management

    I got an offer with MSSB wealth management at the midtown office to be an entry-level advisor/trainee. I have also been pursuing PWM analyst programs. What will be the main differences between these two jobs? PWM WM ...

    1 comment2 Nov 2010 -

  85. I'm a sophomore at a non-target school with no finance experience. I have good grades, clubs, etc, and have already done some decent networking. I was able to get two unpaid internship offers in Philadelphia for the summer. One is at UBS working in P ...

    1 comment25 Apr 2010 -

  86. Is it true that it is easier to secure a FT job following a summer analyst stint in Pvt Wealth Mgt rather than Asset Mgt? How is a summer experience in AM compared to that of IBD? I know working hrs are much less, but is it very very much simpler?? sa lon ...

    1 comment12 Mar 2010 -

  87. http://hsbcprivatebank.com/aboutus/applying-for-in... "Candidates should demonstrate personal integrity and a commitment to exceed the highest professional standards. Foreign language proficiency in three languages is essential." That has to be ...

    1 comment10 Sep 2009 -

  88. Macquarie vs. UBS

    Investment Banking

    Just wondering guys, How do these two "experiences" compare for someone who wanna get into corporate banking or a mid-office job at BB? Doing an tax internship at Macquarie Holdings or Doing a Private Wealth Management gig at UBS How do they com ...

    1 comment26 Aug 2009 -

  89. GS/MS/JPM P-Banking

    Asset Management

    I am thinking to apply GS /MS/ JPM P-banking. How tough to get in those P-banking analyst program? Ive heard good things about them.I am doing PWM SA in another BB. PWM Salary ...

    9 Aug 2009 -

  90. PWM to ECM

    Investment Banking

    I am interning at a BB PWM branch close to HQ. So far Ive done nothing beneficial other than researching mutual funds and looking online training course provided by the BB. My goal is to get in ECM. I understand ECM does have some private client exposure. ...

    1 comment26 Jun 2009 -