List of Top 5 Careers in Wealth Management
Below are some of the wealth management jobs that a person can opt for.
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Overview of Wealth Management Career
Wealth management career involves rendering Financial Advisory Services, Accounting Services, Estate Planning, Insurance Policies, Investments in Equity & Debt Markets, Retirement Planning, etc. The wealth management job is an Advisory Desk of the Company where a Single Person being a Professional in the Field is allotted to the HNI Clients to understand their requirements and satisfy them with the best Financial Solution to Grow their Asset base.
The Wealth Management Professional is the person who is the Single Point of Contact between the HNI Client and the Company. He will use both Internal & external means to arrive at a Conclusion to provide the best possible mix to the Client. The wealth Management Department is more aggressive when the Economy is Growing, and Equity MarketsEquity MarketsAn equity market is a platform that enables the companies to issue their securities to the investors; it also facilitates the further exchange of these stocks between the buyers and sellers. It comprises various stock exchanges like New York Stock Exchange (NYSE).read more are at its peak & there are more Investments—coming in the Markets from and HNI Investors.
Let us now discuss the top 5 careers in wealth management in detail –
Career #1 – Personal Financial Advisor
Career #2 – Relationship Manager
Career #3 – Director of Business Development
Career #4 – AVP – Portfolio Management
Career #5 – Investment Counselor
Conclusion
Wealth Management is one of the Exciting Careers which one can look at in the long term as they will be exposed to multiple Asset ClassesAsset ClassesAssets are classified into various classes based on their type, purpose, or the basis of return or markets. Fixed assets, equity (equity investments, equity-linked savings schemes), real estate, commodities (gold, silver, bronze), cash and cash equivalents, derivatives (equity, bonds, debt), and alternative investments such as hedge funds and bitcoins are examples.read more like Stocks, BondsBondsBonds refer to the debt instruments issued by governments or corporations to acquire investors’ funds for a certain period.read more, Estate Planning, PMS, AIF, Mutual fundsMutual FundsA mutual fund is a professionally managed investment product in which a pool of money from a group of investors is invested across assets such as equities, bonds, etcread more, Retirement Plans, Government Securities, Treasury BillsTreasury BillsTreasury Bills (T-Bills) are investment vehicles that allow investors to lend money to the government.read more, etc. However, the Candidate would require special expertise in one of these Asset Classes to make a specialization in this field in the long term. For example, A Statistical Analyst will be the best person for a Retirement Planning Role, and a Financial Analyst will be best suited to sell PMS/AIF/Mutual Funds/Stocks.
He is the one who personally meets the Clients in recommending them the best possible option for their Financial Planning, Accounting, Estate Planning, and Insurance.
He is the one who is Single Point of Contact for the HNI Client and the Wealth Management Firm.
He is the one who leads the Business Development Team in the Company.
He is the one who heads the PMS Department of the Wealth Management Firm.
He is the one who generally works in a Bank and who understands the Risk AppetiteUnderstands The Risk AppetiteRisk appetite refers to the amount, rate, or percentage of risk that an individual or organization (as determined by the Board of Directors or management) is willing to accept in exchange for its plan, objectives, and innovation.read more of the Client and offers him an appropriate Solution.
Recommended Articles
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