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Advice on Wealth Management Investment

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Q: Your perfect wealth management and investment firm?
What will be your perfect wealth management and investment firm? What do you find in firms out there that you wish you could change (realistically)?

Thanks.

A: Goldman Sachs comes pretty close, it’s the envy of all, either didn’t get involved too heavy in sub-prime or more likely figured out a way to contain it.

The one thing I would change is if a firm lowers guidance on a company, that company can stop communicating with them. This can cause more leniency in ratings not making it forward looking as it should be, many times the the stock prices have already depreciated and it’s already a forgone conclusion that they will lower them, but by then the company doesn’t care because it’s already done.

The other thing I would change is I once saw out there a firm that opened itself up to any possible investment around the world. Jim Cramer says there’s always a bull market somewhere….but he’s predominantly talking US stocks. This firm targetted not only the world-wide stocks/funds, but futures, currencies, fine art, real estate, hedge-fund investements…..

Q: Difference between technology needs for Wealth Management vs Investment Banking?

A: Technology needs is a very odd topic for these two subjects however, investment banking is more in-depth and the transactions are much more sophisticated. They need more advanced trading platforms and such. Wealth management can be done with a single computer.

Q: Hi what does Project Management of Private Wealth Management Dept in Investment Banking do?
I looked at the description but it does not reveal much. It pretty much says “on- time delivery, and execution” of strategy. I would like to know what kind of “projects” could be in this particular dept, and also, what exactly or what kind of the strategy in what directions of they are talking about.

Anyone has an idea? Thank you very much for sharing.

A: A manger of a project which manages the private wealth of people

Q: Has anyone used Zacks Investment Management or Zacks Wealth Management?
If anyone has used Zacks, have you been happy with your results? Anything to look out for?

A: No I haven’t heard of this firm, but you can certainly check out this brokerage firm at NASD.com. All broker/dealers are registered with NASD, and if there were any complaints against the company, you should be able to find the information there. Try http://www.nasd.com/InvestorInformation/InvestorProtection/ChecktheBackgroundofYourInvestmentProfessional/index.htm

Q: What do investment bankers who specialize in wealth management do?

A: They provide financial/investment advice, accounting/tax services, legal and estate planning all in one for high net worth individuals. All aspects of their finances.

Q: This question is to do with job hunting finance, hopefully in investment management or wealth management?
Hi Everybody,

I didn’t know where to ask this question so I thought this would be a good start.
Ive just recently finished my honours degree in business and and would like to get into the investment management industry and don’t really know where to begin. I graduated in June and thought I should take a year out but after a few months really felt like I wanted to get started with my career (and also money situation!). I do have a slight problem with getting into the industry because most graduate companies look for people with 2.i and I just missed out on that getting a 2.2. I also didn’t do a-levels because I followed a dream trying to become professional at golf and completed a National diploma in sport and then the higher national diploma when then gave me enough credits to get to onto the third year of a business degree at Surrey university.

Investment was always something I kept in mind when completing my diplomas and degree. I have approached companies such as JP Morgan, UBS, Bank of America and Smith & Williamson but to no avail. I feel that the main reason I don’t get very far is through the background I have in sports. Ive been to a couple of meetings with companies and also recently joined a traders and investors club started my IMC and CeFA course. I should hopefully pass them in the next few months. I did want to go onto the CFA but the cost is high and I still need to get some experience because I don’t have any in the industry. With the industry being very competitive and the economic climate where it is at the present time many companies aren’t willing to take on trainee’s without experience.

Please can someone help me or any advice would be much appreciated

Thank you

A: Sports is highly valued in the City as it indicates a personality type that they like. It is unfortunate that you missed your 2.1.

To be honest, one year of a Business degree isn’t going to exactly blow them away even with a 2.1.

I suggest you join a Chartered Accounting firm and do the ACCA exams. You need 300 UCAS points for this. That will make you a much more attractive hire once you qualify as you will really be able to analyse investments.

It goes without saying that you should not tell them you plan to leg it the moment you qualify as they won’t take you on :-)

Q: what is the difference between investment management, asset management and wealth management?

A: nothing… the terms are mostly interchangable… some firms will use them to describe slight differences in the scope of allowable activites in an account and the fees charged… but in general the differences are inconsistant.

Q: what is the difference between the terms Wealth Management and Investment Management?

A: In terms of job functions, PWM (Private Wealth Management) generally refers to the guys that develop relationships and attempt to sell their company’s services (an example of a PWM would be a financial adviser for American Express). Investment Management, on the other hand, typically applies more to the guys actually picking the investments. An example of an Investment Management firm would be SAC Capital hedge fund.

Q: Is a Wealth Management Banker the same as an Investment Banker?
If not, what is the difference?

A: No Brownie, they are different. A WMB is a banker who is allocated to high net-worth individuals. This varies from country to country, but here in Australia High Net Worth is generally regarded as someone who has over $1 million in disposable assets (but excluding the main residence). Of course some institutions may only kick in at $2 million or higher.

An Investment Banker, while they may work with HNW clients, basically looks after a far wider range of investments and ensures that high rates of return are achieved.

Q: what is diffece between wealth management and investment banking?

A: Wealth Management: Managing and making profit which already exists.

Investment Banking: Advising/leading Customers to Invest in a proper way and guiding them to make money apart from your commission.

Q: Wealth Management firm umbrella?
When my friend tried to explain to me how a wealth management and investment firm functioned, he drew me an umbrella to explain the personnel involved. Does anybody know what I’m talking about?
can u plz expand

A: I do, under one umbrella, you can invest money, while planning for you future and planning a wealth transfer, and setting up a trust, will etc.

Most finanical firms are doing this these days

Q: portfolio management in investment banking?
I have an interview with wealth management group at an investment group. I’m just curious to have some insight into their daily operations. Like what kind of computer applications they use for portfolio management. what kind of information those applications have.
If anybody working in that area could give us some info that would be great

A: the position description is still a little vague.

I built an application in college that was essentially CRM for stockbrokers. We pulled data out of a then-legacy Tiger system and into our tool.

this was married up with feeds from the market, allowing us to assign current value to a portfolio.

Q: How many terms can be used to describe the same thing?
I am so confused with the intermingling of the following terms. I am sure there are more terms out there to describe the same thing. I’d appreciate if someone can thoroughly explain the differences (if there are any) among these terms or post a web link that does.

Investment Management
Investment Counseling
Investment Advisory
Wealth Management
Financial Planning

Thanks!

A: I regret that I can not begin to explain. Financial planners are generally paid a fixed fee to help a person plan his/her finances. The others might very well fall under the sub-heading of salesmen.

Q: Do the financial planning of Private Asset Management companies reliable?
I have to make an investment of around INR 10,00,000 per annum. I had been contacted by more than 10 wealth management companies, but I am confused what to do..? I already have a lot of investments in Mutual funds and stock market, they are giving me a PMS, any idea what this is?

A: PMS is portfolio management service. The manager uses your money to his whim…most of them show losses..that’s another story.if at all you book profits, then 20% goes to them. it’s a win-win situation for the PMS and reverse for you.

stick to mutual funds.

Q: Looking for best mutual fund software / asset management software / investment tracking sofware in India?
Looking for best financial software for tracking wealth in India.

A: I would suggest you Profison from Precision Technicals.

I have used this software. It has good facilities to track assets. But more importantly it also gives out top stocks to invest in along with stop loss, target price and time required to reach target. You can expect to make 40 percent profits on an average per year. Here is the link to view its details http://www.invest-in-shares-in-9minute.com/shares-prices.html.

They also teach a investment strategy, which is very useful to earn great profits in the share market. You can find more about it in the following links
http://www.invest-in-shares-in-9minute.com

http://www.invest-in-shares-in-9minute.com/shares-invest.html

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