Private Banking / Wealth Management
As a Private Banking/Wealth Management professional, you will provide comprehensive wealth management solutions to individual clients, including individuals, families and family offices/foundations with a high net worth ($5 to $50 million). Your focus is providing the advice clients need to protect and grow their wealth by addressing key investment decisions, philanthropic endeavors, tax issues, and more. Each day, you will face varied and complex business of managing money for wealthy individuals or estates, taking into account income needs of clients, taxes, estate preservation and asset protection.
- Build and preserve financial wealth by creating and implementing long-term asset allocation within the context of each client’s particular risk tolerance
- Provide access to innovative investment ideas and opportunities available through the firm—and beyond
- Develop, present and manage customized investment strategies on behalf of your clients
In many firms, private wealth management is a small, global group within the bank providing both a small team environment, with ready access to the bank’s full suite of services. The private wealth manager works with various teams within the firm (from trust to equities research) in an effort to present clients with the best, most robust strategy designed to achieve their short- and long-term goals. Your range of knowledge needs to broad (and always expanding), including an understanding of investment instruments and taxation issues, philanthropy and estate planning. It’s an advice-based relationship business that requires strong technical and analytic talent, as well as exceptional “soft skills” including communications and interpersonal skills. Effective interpersonal skills are critical, as is the ability to bring teams and disparate information together in a cohesive way. Technical skills, including an understanding of investment strategies, are key.
