Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.
you could be right or wrong . i once had similar problem but now its a different ball game for me because I was lucky to have met Laura Grace Abels a financial manager and stock expert, I have made more than $165,000 in 12 weeks under her supervisions
@@adamweah8037 Really? people are cashing in from the stock market and frankly speaking its comforting seeing someone admit to the fact that they actually seek help from professionals. please how can i reach Laura Grace Abels?
@@adamweah8037 I just copied and pasted LAURA GRACE ABELS whole name into my browser, and her website appeared right away. You've saved me several hours of arduous research, therefore I appreciate it
Most large private banks in United States take a holistic and comprehensive approach as well as having the ability to execute on advice where most wealth management firms can only execute on investments but they can execute on credit investment banking trust management etc.
Well, you should do a video explaining the different jobs in wealth management and private banking, the salaries, how to get there etc. Very interesting.
Hi brother. You can help families create wealth managing and make your own money. People looking for job all the time. I would say work for yourself for 4-5 years instead of working for somebody for 40-45 years.
You have not mentioned opportunities in the Financial sector,, I do Stocks, Forex, Crypto and Commodities Trading. There is money to be made in this industry as long as you are willing to learn
Consistently investing with proper guidance in quality dividend paying companies is a relatively easy strategy to create wealth. Well I copy trades from daily signals of BRIAN FRANCIS PEARCE as recommended here previously
@@drjackliam8498 Hey, I invested largely on stock market last year, tried some index but my experience doesn't pay me. I have lost so much trading by myself Please is there any handle or link can get to him?
Change is near.... for that i am certain. There are many things you can fake , one thing you can not, is knowing exactly what you are talking about financially. Are you financially sound, your initial sentence executes that fact. Thanks and good night.
Hello! Great request and I can help a little bit with this, as I'm on this path right now. SIE exam will be a simple entrance exam that Finra will require... Think of it as an entrance exam that doesn't require you to be at a firm. Now, a lot of financial advisers/private bankers/ wealth managers (however you want to title them) will step to the next two popular Finra exams: 7 & 63 exams. The series 7 will allow you to be a financial representative that sells securities etc, and the 63 will allow you to sell securities. These licenses are usually needed to work in a financial representative capacity, which is a major role you'll play in wealth management/private banking..... After that, people will take a bigger step towards a CFP or CFA certification... These credentials are much harder to achieve, but help you in your career progression and can have a major impact on your relationship with a client. Take a look into these two licenses as well, as they can help achieve greater roles in firms. Hope I was able to help you :)
SIE and series 7, 66, etc. Are just the barrier to entry. You get sponsored by a firm, given study materials, and then take the test. To be honest, if you are struggling with passing the SIE after studying, this industry might not be for you.
@@iznsheikh4699 I remember when I entered the industry, and had to take all of the FINRA exams. Just stick to the study material they are giving you. Also, the best thing you can do is just take the practice exams over and over, until you are getting 90%+. If you can consistently get over 90%, you will have no problem passing the final exam. Best of luck and welcome to the industry! (I currently work in TMT M&A for a BB investment bank, but am about to transition to PE).
Who has no say in how the banks are run? The people. “No taxation without representation!” “No banking without representation!” Banks should be in the service of the people, their specific remit being to grow the economy in the interests of the people. Banks should not have a separate agenda of enriching shareholders and the senior banking staff as much as possible, with no heed to the interests of the people. Banks are a state within a state, a fifth column that continually subverts government. They are not run by the people for the people, and their agenda is often that of the opposite of the public good, so why are they tolerated by the people? All banks should be brought under the direct control of the people, and should invest in the people to bring about increased prosperity for all, not for a select group of rich shareholders (the rich getting richer). Banks are vehicles for the rich. They should become arteries of public financial health and prosperity. No banks should be permitted to engage in any economically destabilising, speculative, casino operations designed to make money from money rather than from real goods and services in the real economy. Banks and the economy should be precisely aligned with the same objectives - the increasing wealth of the entire population through investment in the talents of the people. Banks that serve the interests only of a privileged minority cannot be tolerated. Such banks are subversive of the public good. If the people want to have control over their destiny, they must have control over the economy, hence they must control the banks. It’s absurd that the banking system, by which the economy stands or falls, is outwith public control. Why is that? Because the Old World Order - the Elite, dynastic families that have always ruled the world - deliberately make sure it is beyond the reach of the people. The reality of power is the control of money. A democratic government that does not control the banks is not in control of the country, so elections are meaningless. It’s as simple as that. All banks should be under the supervision of a Supreme Economic Council of publicly appointed economists, accountable to the people. One of their specific tasks should be to prevent any repetition of “Boom and Bust” economic cycles, all of which are caused by speculative, “get richer quicker” schemes by the rich. The rich, time and time again, have proved themselves the enemies of the people. Why do the people tolerate being second-class citizens in their own country? The current banking system is the central instrument of policy, control and strategy of the Old World Order. While they retain control of money, their power can never be challenged. Therefore their control of money must be ended. The people must be in charge of the money. CEOs presiding over financial institutions that degenerate into chaos, destabilising the economy in the process, should be jailed. At the moment, CEOs responsible for catastrophes have walked away with enormous pay-offs. What kind of message does that send out? If people in the real world have lost their jobs because of the gross incompetence and recklessness of bankers then these “masters of the universe” should be prosecuted with the newly defined crime of “reckless endangerment and theft of another’s livelihood.” If hordes of the super rich found themselves behind bars, their excesses would be curbed instantly. Sir Philip Hampton, the chairman of the Royal Bank of Scotland, admitted in an interview that bankers’ salaries were “astonishingly high”. Then he said that RBS could not attract the best staff without paying excessive wages. “If we don’t pay our top people, they leave very quickly,” he added. Of course, just as graveyards are full of people who thought they were indispensable, so are the corridors of banks full of people who think they’re crucial but who could, in reality, be easily replaced. How can a bank ever know if it has the “top people” or not? If it sacked all of its senior staff, replaced them with new meritocratic graduates and doubled its profits then it would be proof that their original staff were not the top people. But it will never do that, so the question of who is “top” can never be properly answered. It’s no more than a convenient opinion, an untested hypothesis. It’s no kind of objective fact, but it certainly suits bankers to keep perpetuating the myth of how essential they are, and paying themselves accordingly. It is estimated that lawyers and administrators working on the winding down of the American and international operations of Lehman Brothers will eventually reach $4 billion. Nice money for the vultures feeding on the carcass. Why should any bank be allowed to reach the scale where it costs billions simply to shut it down? All of these banking leviathans should be broken up into much smaller units. Nothing should be too big to fail.
Does Private Banking have the same agency problem that Financial Advisors do? In Canada, branch level financial advisors (retail level) are trying to sell you underperforming high fee mutual funds. Do Private Bankers leverage similarly poor investment vehicles to satisfy client risk appetites or do they invest directly into markets and make personal decisions regarding your portfolio? Thanks!
True private banking is a private individual creating capital w/ the institution via SPV ventures, commercial paper, private sector lending list goes on. Minimum entry is 1million held in escrow/custody which is nostro/vostro for secure creditor law/regulation reason.
No,they don't. At least not in my country. Private banker's in my country look mostly after clients transactional banking needs (bank account,credit requirements etc etc). Wealth managers look after clients financial planning needs but for high net worth clients. Financial advisors/planners mostly sell risk products in my country. They also sell investment products, however they are limited in what they can provide so if their clients are wealthy,they are best served by wealth or private wealth management firms
Yes and no. They can both have the CFP designation,for example,but aren't selling the same products. For example, wealth managers at a firm I worked at didn't sell risk products but IFA's do. Wealth managers essentially manage clients wealth (clients must already be wealthy to open accounts) whereas financial advisors build clients wealth. Makes sense?
Thanks for the video! What about assets management vs private equity? I often see people use these interchangeably. Are they pretty much the same thing?
@@nywannyw7516 Asset management invests in a wide array of financial instruments and products. Private equity is on sleeve of what someone in asset management would invest in.
Hello I'm Victor if you have a large amount of money to invest, let's say I have a Cusip with a large amount of. Money attached to it. What could a private wealth do for me
Thanks a lot for the great information! I‘ll do an internship at Deutsche Bank PWM (Equities) after doing ECM Investment Banking (both in Frankfurt). Is there something similar to a Bulge Bracket status for PWM and PB? Like what are the best banks in these fields globally?
Loved the last few videos you have put out, you have made me flip-flop between wanting to go into Asset Management to Private Banking to now Wealth Management ahah However, I wish you talked a little more about the difference in compensation but top quality as always.
Treasures in Heaven(U) 19 “Do not store up for yourselves treasures on earth,(V) where moths and vermin destroy,(W) and where thieves break in and steal. 20 But store up for yourselves treasures in heaven,(X) where moths and vermin do not destroy, and where thieves do not break in and steal.(Y) 21 For where your treasure is, there your heart will be also.(Z) 22 “The eye is the lamp of the body. If your eyes are healthy,[c] your whole body will be full of light. 23 But if your eyes are unhealthy,[d] your whole body will be full of darkness. If then the light within you is darkness, how great is that darkness! 24 “No one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other. You cannot serve both God and money.(AA) Do Not Worry(AB) 25 “Therefore I tell you, do not worry(AC) about your life, what you will eat or drink; or about your body, what you will wear. Is not life more than food, and the body more than clothes? 26 Look at the birds of the air; they do not sow or reap or store away in barns, and yet your heavenly Father feeds them.(AD) Are you not much more valuable than they?(AE) 27 Can any one of you by worrying add a single hour to your life[e]?(AF) 28 “And why do you worry about clothes? See how the flowers of the field grow. They do not labor or spin. 29 Yet I tell you that not even Solomon in all his splendor(AG) was dressed like one of these. 30 If that is how God clothes the grass of the field, which is here today and tomorrow is thrown into the fire, will he not much more clothe you-you of little faith?(AH) 31 So do not worry, saying, ‘What shall we eat?’ or ‘What shall we drink?’ or ‘What shall we wear?’ 32 For the pagans run after all these things, and your heavenly Father knows that you need them.(AI) 33 But seek first his kingdom(AJ) and his righteousness, and all these things will be given to you as well.(AK) 34 Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.
Even with the current dip in crypto currency’s, I’m still glad I can smile 😊 back at my portfolio of $92,600 built from my weekly trade, I’m having my fourth withdrawal in 14 business days😊
Get all 9 of my Career Guides (plus my Goldman Sachs CV and Cover Letter) for £29.99 here: careerguides.io/plus
Is an IFA basically a wealth manager? There might be an economical turmoil but there is no doubt that this is still the best time to invest.
Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.
you could be right or wrong . i once had similar problem but now its a different ball game for me because I was lucky to have met Laura Grace Abels a financial manager and stock expert, I have made more than $165,000 in 12 weeks under her supervisions
@@adamweah8037 Really? people are cashing in from the stock market and frankly speaking its comforting seeing someone admit to the fact that they actually seek help from professionals. please how can i reach Laura Grace Abels?
@@ryanthompson8256 Laura Grace Abels is widely known. You can verify her and use her services if you want.
@@adamweah8037 I just copied and pasted LAURA GRACE ABELS whole name into my browser, and her website appeared right away. You've saved me several hours of arduous research, therefore I appreciate it
Most large private banks in United States take a holistic and comprehensive approach as well as having the ability to execute on advice where most wealth management firms can only execute on investments but they can execute on credit investment banking trust management etc.
Well, you should do a video explaining the different jobs in wealth management and private banking, the salaries, how to get there etc. Very interesting.
Agree, I would love a video like this.
Hi brother. You can help families create wealth managing and make your own money. People looking for job all the time. I would say work for yourself for 4-5 years instead of working for somebody for 40-45 years.
You have not mentioned opportunities in the Financial sector,, I do Stocks, Forex, Crypto and Commodities Trading. There is money to be made in this industry as long as you are willing to learn
Exactly
Because forex and crypto is not a stable income. Can be good investment but the ones making money are the Experts
How can one get an expert to help them trade the Crypto and stock market?
Consistently investing with proper guidance in quality dividend paying companies is a relatively easy strategy to create wealth. Well I copy trades from daily signals of BRIAN FRANCIS PEARCE as recommended here previously
@@drjackliam8498 Hey, I invested largely on stock market last year, tried some index but my experience doesn't pay me. I have lost so much trading by myself Please is there any handle or link can get to him?
I tend to disagree here as someone who works in PB. did you work in PB? seems like you have PB and WM mixed up
This is exactly what I was thinking.
Change is near.... for that i am certain. There are many things you can fake , one thing you can not, is knowing exactly what you are talking about financially. Are you financially sound, your initial sentence executes that fact. Thanks and good night.
Your uploading schedule is amazing ! Keep going !
Maybe a follow up video including how to pass the SIE and respective FINRA licensed series exams associated with the two fields.
Hello! Great request and I can help a little bit with this, as I'm on this path right now. SIE exam will be a simple entrance exam that Finra will require... Think of it as an entrance exam that doesn't require you to be at a firm. Now, a lot of financial advisers/private bankers/ wealth managers (however you want to title them) will step to the next two popular Finra exams: 7 & 63 exams. The series 7 will allow you to be a financial representative that sells securities etc, and the 63 will allow you to sell securities. These licenses are usually needed to work in a financial representative capacity, which is a major role you'll play in wealth management/private banking.....
After that, people will take a bigger step towards a CFP or CFA certification... These credentials are much harder to achieve, but help you in your career progression and can have a major impact on your relationship with a client. Take a look into these two licenses as well, as they can help achieve greater roles in firms. Hope I was able to help you :)
SIE and series 7, 66, etc. Are just the barrier to entry. You get sponsored by a firm, given study materials, and then take the test. To be honest, if you are struggling with passing the SIE after studying, this industry might not be for you.
@@ebitdareadthebook1535 already sponsored and SIE should be no problem . Just wanted to get another perspective.
@@iznsheikh4699 I remember when I entered the industry, and had to take all of the FINRA exams. Just stick to the study material they are giving you. Also, the best thing you can do is just take the practice exams over and over, until you are getting 90%+. If you can consistently get over 90%, you will have no problem passing the final exam. Best of luck and welcome to the industry! (I currently work in TMT M&A for a BB investment bank, but am about to transition to PE).
@@ebitdareadthebook1535 thank you so much for the advice. Much appreciated! I would love to connect with you on LinkedIn.
Best explanation on this I have ever hear
Thanks Afzal, really useful info! Could you do a video on Equity research roles? Salary, work hours, skills needed, etc. - Would be very useful!
Top 5 Private Banks in US also top 3 national wealth management services available in US.
Great Video, Thank You !!
How about a video on Lifestyle Management Services under the umbrella of Private Wealth Management?
Who has no
say in how the banks are run? The people. “No taxation without
representation!”
“No banking
without representation!”
Banks
should be in the service of the people, their specific remit being
to grow the economy in the
interests of the people. Banks should not have a separate agenda of enriching
shareholders and the senior banking staff as much as possible,
with no heed to the interests of the people.
Banks are a
state within a state, a fifth column that continually subverts government. They are not run
by the people for the people, and their agenda is often that of the
opposite of the public good, so why are they tolerated by the
people?
All banks
should be brought under the direct control of the people,
and should invest in the
people to bring about increased prosperity for all, not for a select group of rich
shareholders (the rich getting richer).
Banks are
vehicles for the rich. They should become arteries of public financial health and
prosperity. No banks should be permitted to engage in any economically
destabilising, speculative, casino operations designed to make money
from money rather than from real goods and services in the real
economy. Banks and the economy should be precisely aligned with
the same objectives - the increasing wealth of the entire population
through investment in the talents of the people.
Banks
that serve the interests only of a privileged minority cannot
be tolerated. Such banks
are subversive of the public good. If the people want to have control over
their destiny, they must have control over the economy, hence they must
control the banks. It’s absurd that the banking system, by which the
economy stands or falls, is outwith public control. Why is that?
Because the Old World Order - the Elite, dynastic families that have always
ruled the world - deliberately make sure it is beyond the reach of the
people. The reality of power is the control of money. A democratic
government that does not control the banks is not in control of the
country, so elections are meaningless.
It’s as
simple as that.
All banks
should be under the supervision of a Supreme Economic Council of publicly appointed
economists, accountable to the people. One of their specific tasks should be
to prevent any repetition of “Boom and Bust” economic cycles, all
of which are caused by speculative, “get richer quicker”
schemes by the rich. The rich, time and time again, have proved
themselves the enemies of the people. Why do the people tolerate being
second-class citizens in their own country?
The current
banking system is the central instrument of policy, control and strategy of the Old World
Order. While they retain control of money, their power can never be
challenged. Therefore their control of money must be ended. The
people must be in charge of the money.
CEOs
presiding over financial institutions that degenerate into
chaos, destabilising the
economy in the process, should be jailed. At the moment, CEOs responsible for
catastrophes have walked away with enormous pay-offs. What kind
of message does that send out? If people in the real world have lost
their jobs because of the gross incompetence and recklessness of
bankers then these “masters of the universe” should be prosecuted with
the newly defined crime of “reckless endangerment and theft of
another’s livelihood.” If hordes of the super rich found themselves
behind bars, their excesses would be curbed instantly.
Sir
Philip Hampton, the chairman of the Royal Bank of Scotland,
admitted in an interview
that bankers’ salaries were “astonishingly high”. Then he said that RBS could
not attract the best staff without paying excessive wages. “If we
don’t pay our top people, they leave very quickly,” he added. Of course,
just as graveyards are full of people who thought they were
indispensable, so are the corridors of banks full of people who think
they’re crucial but who could, in reality, be easily replaced. How
can a bank ever know if it has the “top people” or not? If it sacked
all of its senior staff, replaced them with new meritocratic graduates and
doubled its profits then it would be proof that their original staff
were not the top people. But it will never do that, so the question of who
is “top” can never be properly answered. It’s no more than a
convenient opinion, an untested hypothesis. It’s no kind of objective
fact, but it certainly suits bankers to keep perpetuating the myth of how
essential they are, and paying themselves accordingly.
It is
estimated that lawyers and administrators working on the winding down of the American and
international operations of Lehman Brothers will eventually reach
$4 billion. Nice money for the vultures feeding on the carcass. Why
should any bank be allowed to reach the scale where it costs
billions simply to shut it down? All of these banking leviathans should be
broken up into much smaller units. Nothing should be too big to fail.
Does Private Banking have the same agency problem that Financial Advisors do? In Canada, branch level financial advisors (retail level) are trying to sell you underperforming high fee mutual funds. Do Private Bankers leverage similarly poor investment vehicles to satisfy client risk appetites or do they invest directly into markets and make personal decisions regarding your portfolio? Thanks!
True private banking is a private individual creating capital w/ the institution via SPV ventures, commercial paper, private sector lending list goes on. Minimum entry is 1million held in escrow/custody which is nostro/vostro for secure creditor law/regulation reason.
No,they don't. At least not in my country. Private banker's in my country look mostly after clients transactional banking needs (bank account,credit requirements etc etc). Wealth managers look after clients financial planning needs but for high net worth clients. Financial advisors/planners mostly sell risk products in my country. They also sell investment products, however they are limited in what they can provide so if their clients are wealthy,they are best served by wealth or private wealth management firms
The credibility of this video!
Risk Appetite , sounds like the title of my next album
Is an IFA basically a wealth manager?
Yes and no. They can both have the CFP designation,for example,but aren't selling the same products. For example, wealth managers at a firm I worked at didn't sell risk products but IFA's do. Wealth managers essentially manage clients wealth (clients must already be wealthy to open accounts) whereas financial advisors build clients wealth. Makes sense?
Could you do a video on trusts please?
That is way too broad. You have revocable and irrevocable trusts. Then you also can get more complicated with SLATs, CRUTs, etc.
Thanks for the video! What about assets management vs private equity? I often see people use these interchangeably. Are they pretty much the same thing?
completely different
@@ebitdareadthebook1535 would you mind sharing a few key differences or any good websites to share would be much appreciated? :)
@@nywannyw7516 Asset management invests in a wide array of financial instruments and products. Private equity is on sleeve of what someone in asset management would invest in.
Can you do a video about sales and trading
Can we a video on islamic investment banking and also on gold investment real gold and paper gold
Hello
I'm Victor if you have a large amount of money to invest, let's say I have a Cusip with a large amount of. Money attached to it. What could a private wealth do for me
tysm!
Thanks a lot for the great information! I‘ll do an internship at Deutsche Bank PWM (Equities) after doing ECM Investment Banking (both in Frankfurt). Is there something similar to a Bulge Bracket status for PWM and PB? Like what are the best banks in these fields globally?
*focused on equity investments for the UHNWI clients
I think most bulges are top-tier but CS and UBS are standout.
How much does a single person banker trader manages in trading.
depends on experience, role, size of firm/fund, etc.
Great vid
Loved the last few videos you have put out, you have made me flip-flop between wanting to go into Asset Management to Private Banking to now Wealth Management ahah However, I wish you talked a little more about the difference in compensation but top quality as always.
Sir, in simple sense , private banking could be a branch of private wealth management.
Different, wealth management works with a vast array of clients, where the private bank works with UHNW clients starting around $10-20M+
Treasures in Heaven(U)
19 “Do not store up for yourselves treasures on earth,(V) where moths and vermin destroy,(W) and where thieves break in and steal. 20 But store up for yourselves treasures in heaven,(X) where moths and vermin do not destroy, and where thieves do not break in and steal.(Y) 21 For where your treasure is, there your heart will be also.(Z)
22 “The eye is the lamp of the body. If your eyes are healthy,[c] your whole body will be full of light. 23 But if your eyes are unhealthy,[d] your whole body will be full of darkness. If then the light within you is darkness, how great is that darkness!
24 “No one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other. You cannot serve both God and money.(AA)
Do Not Worry(AB)
25 “Therefore I tell you, do not worry(AC) about your life, what you will eat or drink; or about your body, what you will wear. Is not life more than food, and the body more than clothes? 26 Look at the birds of the air; they do not sow or reap or store away in barns, and yet your heavenly Father feeds them.(AD) Are you not much more valuable than they?(AE) 27 Can any one of you by worrying add a single hour to your life[e]?(AF)
28 “And why do you worry about clothes? See how the flowers of the field grow. They do not labor or spin. 29 Yet I tell you that not even Solomon in all his splendor(AG) was dressed like one of these. 30 If that is how God clothes the grass of the field, which is here today and tomorrow is thrown into the fire, will he not much more clothe you-you of little faith?(AH) 31 So do not worry, saying, ‘What shall we eat?’ or ‘What shall we drink?’ or ‘What shall we wear?’ 32 For the pagans run after all these things, and your heavenly Father knows that you need them.(AI) 33 But seek first his kingdom(AJ) and his righteousness, and all these things will be given to you as well.(AK) 34 Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.
Hay quá
Even with the current dip in crypto currency’s, I’m still glad I can smile 😊 back at my portfolio of $92,600 built from my weekly trade, I’m having my fourth withdrawal in 14 business days😊
Algorithmus Comment
Interesting times! An Indian guy in our country telling us how to manage our money haha.