Asset Management vs Private Banking
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- เผยแพร่เมื่อ 5 พ.ค. 2022
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Ever wondered what the difference is between working in asset management versus working in private banking? In this video I'll demystify the differences (and similarities of the two sought after career paths by many graduates). Thanks for passing by and enjoy the video!
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As someone who moved from asset mgmt to private bank/PWM, you hit the nail on the head. In AM, you are usually dealing with a large institution with a large amount of capital invested. Sometimes speaking with several different people within the institution. In PWM, you are usually dealing with the individual(not always the case). This means that if you are unable to answer questions/provide a solution(or at least get back to them with the answer), they are more likely to move their assets out. It is not as simple with a larger institution on the AM side, but of course anything is possible.
Could you do a video on which skills best suit the different roles/teams within an Asset Manager?
Great video on the comparison.
Thanks!
you're a G! thanks for the insight.
Always a pleasure!
You have been so helpful. I have watched all your videos on Pension, Asset management, Investment banking etc. Please how I connect directly with you?
Reading the comments from people who watch this channel gives me hope that I have the competitive edge needed to break into the finance industry 😂
Could you make a video about the halal areas to work within corporate finance?
Thanks for the video - how does an asset management firm with mostly retail clients differ to institutional clients?
To true I work at TSA and definitely man we manage all our 18 partnered banks
great vid
Any tips on CVs/interview tips with PB compared to AM...? If PB is so relationship orientated, is it useful to mention the technical skills you also have and then let your interpersonal skills shine through in the interview? I take it, the choice to be selected in PB is more subjective than AM...? (Any thoughts?).
Private Banking is more focused on developing a relationship business with clients rather than investing and trading. You basically must follow what the investment policy tells you to do with the portfolios in order to respect their best interests.
In reality, your hands are much more tied. There's no freedom and banks have become so results-driven that they stop caring about what to do best for their clients. it's all about fees and ROAL...
Hi Afzal, during the recruitment process did you go through a Round 2 interview?
Good stuffs
Please on how to get into the industry, especially when you in South Africa. Its really not easy
Hello!
I am here again, because you provide the key info for career.
What kind of skills both hard and soft make graduates convenient in intern position in Asset management?
Could you provide these skills and resources for studying them? In what order should these skills be studied?
It will be useful for students without finance related background, for example from management.
Thank you for your inputs!
Hi, thank you for this insightful video..I wanted to ask what the exit opportunities are for business management roles within asset management?
both are similar, but still a slight difference:
because the inflation will eat up the wealth or get a return.
AM's clients are institutions or large clients, government, sovereign wealth funds.
3:40 in the event that people go to make a claim, then the company will cover those expense.
4:25 now with private banking - difference is in clientele.
they're high-net-worth or ultra-high-net-worth people - art portfolios.
7:05 a more high-touch focused service.
7:40 you will talk to the trustee of a charity. and need you asap as expectations.
9:00 sales-route: client relationship management, crm.
product specialist - might be more technical and look at bloomberg.
they might need you to update the news by phone call asap, or risk your career.
11:15 try and get your foot in the door.
11:40 institutions clients: am charges on percentage fee on scale.
just build the knowledge in the conversation.
Could you do a more detailed video on private banking careers? I’ve seen plenty about AM but people don’t talk about PB enough.
What kind of exit opps are there for wealth/asset managers? Best regards
You said asset management only deals with institutional clients. But companies like Blackrock and vanguard have many retail clients.
Yes, exceptions exist, congrats.
So is private banking basically the same as wealth management?
I like your viedo👍😀
try and get in Barclays that's insanely challenging
he got into goldman
what if your in a 3rd world country (i.e. Kenya) with lots of low net worth individuals and the usual case of high corruption cases would Investment Banking be a wise career choice?
Partly disagree with the opinion that a private banker has to know more. Actually the relationship manager at a private bank has to have a very good generalized knowledge and an ability to bring in experts for whatever topic they are are needed (Tax, legal, financial, art,...) and might get away with knowing "only" 80-90% of each part rather than 100% of everything!
Whereas if you work in sales with an asset manager you better know 100% what is going on in your niche of work and better have a deep technical understanding because your counterparts (institutional investors) are very knowledge in finance too and have extremely high expectations.
Reading about people grabbing multi-figures monthly as income in investments even in this crazy days in the market,any pointers on how to make substantial progress in earnings?would be appreciated 😇,
You have to have an idea on what you wanna invest in carefully before going in.
Well Eliana reputation already speaks for her last month i invested over $100,000 with her and I've already made over $250,000 profit..
Elianabk is the name.
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afzal i m stuck in level 2 cfa for 3 attempts again taking it in nov. what should i do now work wise ? from Pakistan
I remember that afzal mentioned a platform for learning...maybe you look for "cfa afzal" and use the recommended link in the info box
I'm much more into asset management.
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Ive never understood the difference between WM and private banking
Wealth management focus on retail clients and some HNWIs, but do not have access to banking services such as lombard loaning against a portfolio for leverage. Private banking has access to the latter mentioned and provides more precise options for UHNWIs
@@matthewturnbull3650 Do you know if Private Banking at a place like NatWest is to do with their wealth businesses? So I think that’s Coutts, Premier Banking and their specialist investment services? And that’s then to do with individual high wealth customers rather than big institutions?