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How to approach wealth building if you're not going to have kids?
I am in my early 30s, I have had a successful 9 years working in Investment Banking, always being a top performer and getting top reviews. Over the past 3 years I have successfully transitioned to the most "sales" part of the job, getting a lot of face time with clients and building strong...
Financial Planning vs IB- my career choice...
Hi all, I would love to hear people's perspectives on my alternative career choices in finance- financial planning or investment banking. For some important context, I am from Australia and the 'IB Pathway' is not nearly as prestigious and lucrative as other places in the world. I write this knowing...
Q&A: Non target/foreign international in wealth management at a Canadian big five bank.
Hello, apes! The WSO Team believes this is a good idea - so, here we go. I have been a longtime ape on WSO and have cumulatively spent weeks, if not entire months, scouring through the nooks & corners of the platform. Now – I believe it is my turn to pay a little back to the community. I am a...
BoA Wealth Management Sophomore Summer Analyst Timeline
Hi all. I recently applied and did the Hirevue for the BoA Wealth Management Sophomore Summer Analyst 2023 program and wanted to see if anyone else here on WSO also applied, either this year or in the past. What's the typical recruiting timeline for the role? Given that they close their applications...
CFA vs CAIA
Which is better between CFA or CAIA to pivot later in an investing role at a Private Bank / Family Office (possibly focused on alternatives) in Europe? Brief background about me: Fresh graduate (target) working for a quite well known LP in Germany doing primaries and co-investments (mainly VC,...
Private Banking at JPM
Hello all, Whats the private banking industry like, especially at JPM? Such as work, comp, culture, hours, exits potentionally
Please Help Me Decide - Stay at my current job or take another route?
Hi folks! Thanks for reading. Your opinion on my situation is much-appreciated. Context: I am in my mid-late twenties, and my ultimate goal is to start an investment company. I am not sure what kind yet, but I am thinking either something structured like Berkshire where I can buy stocks and other...
Moving from Consulting into PWM
Has anyone here moved from Consulting (Strategy/Finance at a B4 firm) into PWM? I've been accepted into a T15 MBA and am considering PWM as a career option after that. I'm wondering if it's common path to get into the PWM world - are there firms that hire MBA's more often than others? I know it's...
How do wealth managers work with private funds?
This may be a very basic question, but here it goes: What is the financial arrangement/relationship between a bank's wealth management team and the private funds that they place their client's capital into? So for example, if a wealth manager convinces a client to invest X amount in a private equity...
Where will the big money be made during the 2020's?
Where do you see finance's biggest "white spaces" in this era? Let's assume your goal is to become a billionaire in financial services, to put it simply. Let's also assume tomorrow you're given $25 Million dollars carte blanche, as well as a healthy rolodex, to assist you on your journey toward this...
how can I acquire market data cheaply to validate an idea?
I am trying to build an investment management platform where I need to acquire U.S , Canada, Mexico market databases including its ETF , mutual funds traded along with asset class. e.g. AAPL > common stock , AOA multi asset , etc. however I find hard to acquire such data in order to start to develop...
HSBC Private Bank or DB Wealth Management?
Hi all, can’t decide between 2 offers and would like some advice. For some context, I have been working in S&T as a trader for the past 4 years after graduating and have been trying to pivot to PB/WM after receiving my bonus this year. I am fortunate enough to have 2 offers (HSBC and DB). Both are...
Tips for New Grad breaking into Private Wealth Management
Dear WSO friends, I have a sales and trading internship( rotate in FICC structured credit trading and AM sales) lined up for the summer in HK. In my resume, I worked for a family foundation to build their network with GPs and LPs as well as two previous sales internships in investment banks. I feel...
Best Experience in CV for better opportunities next year? EY(Deals) v/s Small boutique (AM) v/s Brewin Dolphin
What would end me with a better cv for next year's summer at GS/MS/JPM? a) EY India (Deal Advisory) b) A small boutique Asset Management Firm (India) c) Brewin Dolphin- Financial Planning Assistant Intern (UK)
Investing a large chunk of cash
Hi everyone, In anticipation of the war in Ukraine, which has now already started, my family sold a chunk of real estate in Eastern European countries (in fears of war progressing beyond Ukraine). As I am the only member of my family educated/working in finance (not in AM / PWM though), it fell upon...
FINRA Licensed: Best Career Options
Interested to receive some input on career path options. I have experience at an independent broker dealer working in operations and client facing roles, as well as business development and some derivatives trading for old school advisors. Also, I have worked for BB in back office. I have my FINRA...
Worried about offer rescinded
Hi all,I recently accepted an offer as a Summer Analyst in Wealth Management of a huge Investment Bank. I'm not sure about my timeline in terms of background check, but I had to submit a transcript right after accepting my offer, which was late-Fall 2021. I had not listed my GPA on my resume due to...
J.P. Morgan or BlackRock?
I have summer internship offers at both JPM and BlackRock, the roles are: JPM: Investment Solutions at J.P. Morgan Private Bank "Work with our teams to understand client needs and examine market activities to develop and execute strategies that help clients meet their financial goals Partner with...
PWM -> IBD in Canada
I am a recent graduate from Dalhousie University in Canada. I achieved a BComm degree with a 3.32 GPA. I am currently two years out of school, and am working at a PWM firm in Calgary. I've always dreamed of a career in banking, but was never ready to make the commitment until now. I believe that I...
JP Morgan's Private Bank
Hi, I accepted an offer for a summer internship with JP Morgan's Private Bank with their investment solutions team (not the advisor/sales side). I am excited about this but people have told me that private banking/wealth management sucks, even though I think I would enjoy it. Does anyone have any...
Trying to decide between GS Ayco and Deloitte (Summer 2022)
Hey all, I am trying to decide between two offers for Summer 2022, Deloitte Tax Consulting and GS Ayco PFM. I have some initial thoughts but I'd like to hear what you think: For Deloitte; Pros: In NYC (apart from being in the city, more networking ops, especially if I get a return offer) Better pay...
Goldman CWM superday
Just got superday. Does anyone have any information regarding how Goldman CWM superdays work? what to expect?
Off-Cycle Morgan Stanley Wealth Management Internship
Does anyone have any insights into the off-cycle internship role at various Morgan Stanley wealth management locations? I had an initial conversation with an advisor at a California location and was surprised when he told me it is essentially a marketing role with some research responsibilities and...
Interview Preparation for Portfolio Management Analyst at an RIA
For reasons that remain mysterious to me, I have a final-round interview a FoF this week, and I am looking for advice and resources on preparing for it. I have two interviews, one with a MD and the other with a VP, and a third with someone from HR. I also have an excel case study that is meant to...
Wealth Management to Equity Research?
Hey wallstreetoasis, My goal is to break into Equity Research but there aren't many alumni from my school in that field. However, there is an alumni who is very successful in Wealth Management at a reputable firm. I have an informal interview with them soon. Should I be forthcoming about my...
Wealth Management to Equity Research
Hey y'all, Thanks for taking the time to view this post. I was wondering how a Wealth Management Analyst (at JP Morgan for example) can pivot to Equity Research. What would you need to do? When should you do it? How do you position yourself the best way possible etc.? Thank you
How to get to a full time wealth management job?
Hi! I'm a sophomore finance major at a big public university in the south. 4.0 GPA female. Can you please tell me how I get to a full time wealth management job in the next 10 years? What titles should I apply for for my sophomore into junior year internship? What title do I look for for Junior to...
What banks have non-diversity freshman/sophomore internships?
I'm an incoming freshman in college, interested in IB. I already have had 2 internships, one in tax and one in finance. I'm a white male however, so I can't apply to any diversity programs. What are the best banks that I can get a summer internship at after my freshman or sophomore year? If not...
10 Things You Wish You Knew Before Starting in Financial Advisory/Wealth Management.
Note: I don’t have the ten things. I am just scouting for more advice. The PWM lords on WSO have provided some very educating responses on the website. But, I am trying to find answers to a few other broad stroke questions: 1. What were the mistakes you made on your way to building your own book...
What to expect as a first year analyst at JPM private bank?
What's the lifestyle, hours, culture, etc. like? Can anyone give any insight on the EOY bonus structure? Happy to answer any questions as well.
Inherit a $500M+ AUM practice? Or give it all up for a Fintech dream?
Hey guys, In a nutshell, this is my dilemma, I'm on a road to what I've unfortunately grown to see as a golden cage and I'm not sure if it's what I really want out of my career and life. For background, I'm a twenty-something working at a wealth management practice on the west coast. Over the last...
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...
General Introduction
Hello everyone! I hope everyone is happy and healthy during the covid-era! I am currently a student looking to gain some insight and advice that I would need to break into finance/investment banking/wealth management. Specifically, I am interested in learning about the necessary steps that I should...
UBS Global Family Office (GFO) - Relationship Management
Anyone have insight on the GFO group, specifically the relationship management team as far as culture, team dynamic, base + bonus numbers (Associate Director, Director and ED levels)? Department description: GFO is a joint venture between UBS WM and IB division -- supports delivery of inst'l and...
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JP Morgan Asset & Wealth Management Internship Interview
Hey everyone, I am onto the interview section for a sophomore internship in Wealth management for JP Morgan's Private Bank in New York . I have 6 virtual interviews in one day. I was wondering if anybody has any insight on what type of questions they will be asking. Also, what technicals info I...
JP Morgan Wealth Management Superday
I had a superday yesterday for the FT analyst program in the private bank at JP Morgan. Think it went fairly well. When can I expect to hear back? Have others heard back? I'm also curious what percentage of people who make it to the superday round end up getting hired, if anybody knows this.
Summer Internship Decision: JPM PB vs D&C ER
Hi everyone! :) I am a Spanish graduate student attending an Ivy League university in the US (think Wharton/Columbia/Yale) studying finance and economics. I know I want to work in the Buy Side but I am still unsure if I should do AM or PB. I appreciate work/life balance and I would like to work in...
Morrinson Wealth Management - Experience with as wealth advsiors
All, Someone reached out to me on Linkedin saying he was from Morrinson Wealth Management (Principal Partner Practice of St. James's Place Wealth Management) and wanted to talk about wealth management opportunities with me. Is this useful? What has your experience been? I took a look at the info...
BlackRock USWA Superday
I was supposed to have a final round interview today for the sales and relationship management role at BlackRock but I never received aa zoom link or confirmation. I have emailed the recruiter twice to no avail and the web portal just gives me the interview time. Is anyone else experiencing this or...
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...
ER-> HF/WM
Currently a junior and have a 2021 SA IB internship. As many of us are, I am trying to find the path that fits my long term goals best. I am wondering if anyone has any experience they could share on the topic of IB vs ER for an eventual transition into a Hedge Fund or Private Wealth Management....
Wealth Management(MS, UBS, Jefferies, Rock)
Curious to know the differences in pay structure, if any at all, and if there is a slightly lower failure rate when joining a team or being mentored and working with an experienced advisor/PM then say going it alone. Becauses of COVID and limits on in person socialization have firms loosened the...
UBS- Wealth Advice Center (WAC)
Anyone on here have any personal or second-hand experience to pass on regarding working at one of UBS' Wealth Advice Centers? There's one in Weehawken, NJ, and one in Charlotte, NC. Seems like a decent way to get into the industry (I'm transitioning out of the military), but with relatively low pay...
Alliance Bernstein Wealth Management
I have a full time interview with Alliance Bernstein for Wealth Management. Can anyone on here tell me a bit more about wealth management, specifically at Alliance Bernstein? What do the salary and career progression look like
Anyone have more info on a PWM Management/Business Development/COO team role
I am applying for a job for Jefferies in their Wealth Management COO team. Seems like like more of a business development role then actually working with an advisor. Anyone have more info on this? Primarily responsible to provide business analysis support, and assist the COO function in daily...
Wealth management: Who do you trust?
CFA Institute (“CFAI”) brought out the fourth edition of a report titled “Earning Investors' Trust” in April 2020. Complete key highlights can be accessed at https://news.alphastreet.com/wealth-management-wh… Some of the key highlights from the report include: When retail investors were...
Deutsche Bank Wealth Management 2020 SA
Hi Everyone, Got an invite for DB Wealth Management. Wanted to know if anyone has any experience with DB WM superdays? What sort of questions do they ask? How do you bets prepare? Is it more technical or behavioural. They have informed me that it'll be 3 back to back 30 minute interviews. Thanks for...
Morgan Stanley - Wealth Management Associate day to day and flexibility
I recently went through the interview process for a “Wealth Management Associate” position with Morgan Stanley and was hoping someone could give me some insight on exactly what the position really looks like on a day to day. I’m far less interested in the operations end of PWM and feel like...
Morgan Stanley - Wealth Management Associate
I recently went through the interview process for a “Wealth Management Associate” position with Morgan Stanley and was hoping someone could give me some insight on exactly what the position really looks like on a day to day. I’m far less interested in the operations end of PWM and feel like...
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