Private Wealth Management

Archive for August, 2009

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I am going to be an senior at the University of Illinois next year getting an MS in Finance with a 3.6 GPA most likely, last summer I work at CitiGroup Smith Barney in Chicago as a wealth management intern, and this year I’m headed to London to work for Barclays Bank to do some risk management work. I’ve heard you must have close to 4 years experience and a good GMAT score (which I haven’t taken) to get into a top 20 business school. Also Barclays offers their interns entry into their graduate program if the intern has done well….So my question is..considering all of this….should I try and get an MBA somewhere right after undergrad, or go get more work experience with perhaps Barclays, before I go get an MBA? Any help would be greatly appreciated! thank you

It sounds like you are off to a great start! If I were you, I would get another few years of experience. You sound like someone who would be a good bet for a really good MBA program, and even if they would let you in now, you would get much more out of a program a few years down the line. Since it sounds like you will probably be able to get a good job now, I would take the job and do the MBA at the point for which it was really intended – for those about to move from a mere supervisory position into middle management.

I am an intern in wealth management at one of the big banks. To make a long story short, my boss is a controlling and manipulative +20 years my senior creepy man who discreetly (is smart enough to not be overt) hits on me all the time. Not only that, but he is jealous because I have a lot of money.

Since I work for an investment firm I am unable to open an account at another firm due to SEC rules. However, I want to open a trading account. I talked with the operations manager and he said I could just open it under my boss. So not only would my boss get to see what trades I make and how much I invest, he would get a commission. For example, my boss knows that I have a lot of a particular stock. One day it was down a significant amount and he kept bringing it up, almost rubbing it in my face.

QUESTION:

What can/should I do about this?

I think it is a conflict of interest that my primary supervisor also see into my account and activity. I am not cracking open my piggy bank, I have serious money to invest and I take it seriously.

He is a very weak person and will be offended if I select another broker to have it under.

The main (and only) HR manager is an absolute b*tch to me because I am young and cute and she is old, ugly and single. It’s not like I can trust her.

I do not want to offend my boss, expose my personal life/decisions, or deprive myself of making some significant gains/trades in this market.

Please let me know if you have any suggestions on how to handle this situation. Thank you for any and all advice.

If its against SEC rules then, no.

My question here is Information Technology Banking knowledge. I want to gain in-depth understanding of the global securities markets, with an emphasis on fixed income securities, wealth/asset management, mortgage, loans etc. Specific knowledge of current securities evaluation practices also.

Please look in information technology point of view.

you can go to your bank and talk to them about financial counseling options. there is a free magazine called IT.

I need to write a 200-300 word paper the describes the goals of financial management. The description should include how earnings are valued, how shareholder wealth can be maximized, and how management decisions affect stockholder wealth.

write stuff like how important it is 4 the business men 2 take a decision…they shud take care of everything in the right manner 2 make sure their management is running properly and wen signing a deal or investment they shud really think about wat they r doing and if its going 2 be useful 2 them.they shud value their savings and invest them in something that will have advantage 4them.

they can maximise the wealth by using good ideas and brains.they shud hire people that will be of use 4 them…start other businessess and make money out of them 2 maximise the wealth.

their wrong decisions can have alot of effect on the stockholder wealth…4 example the wrong decision they take can make the management/business lose money and the investors won’t be interested 2 invest in the management..

thats all i cud think of…im only 15 and maybe thats y it wasn’t that gud! hope it helps

I want ebooks that presents an overview of personal wealth-building strategies that includes setting financial goals, seeking guidance, budgeting, saving and investing, and managing debt. Quick and easy strategies for getting control of your money. An all-you-need-to-know introduction to managing and making the most of your hard-earned money.

TRY THIS! This is the MOST comprehensive list I have found on the web.
http://personal.finance.management.googlepages.com/ebook_download.htm

We do wealth management, insurance, investments and business health plans. We had a marketing company work on this but nothing they came back with sounds right to us. Has to be short – one sentence, no more than 5/6 words.
Thanks for the great input – this is helpful.

"Your wealth is our business"

"we take care of your wealth, you take care of your health"

"we take the pain, you take the gain"

"your wealth is our(company name) health"

Let me know if these are useful to you.and discuss to get some more ideas

The society is divided into not only among religions , nations, Gods, science and rulers but also in classes working in opposite direction and with equal force.

They are : Rich and Poor, strong and week, ruler and ruled one, good and bad, powerful and powerless, exploiter and being exploited and so on.

1 A religion is a set of stories, symbols, beliefs and practices, often with a supernatural quality, that give meaning to the practitioner’s experiences of life through reference to an ultimate power or reality
There are many more but major by followers , Christianity, Islam, Hinduism and Judaism , Buddhism and so on. .

Can any one of them make classless society ?

2. Political systems – developed though ages by experience , information and knowledge- King-hood, Dictators, Democracy , Military Ruling and so on.

Can one of them make classless society ?

3. Philosophy – The greek word -defined as love of wisdom .
Philosophy is the study of general problems concerning matters such as existence, knowledge, truth, beauty, justice, validity, mind, and language.

Western and eastern philosophies diffred in some aspcets and on many there is an agreement.

Can any one educate us to make classess society?

4 Financial systems- main ideas, philosophy of wealth management of the society-

Capitalism Communism, Socialism and so on.

Can any one of them make classless society ?

Then , it means the society cannot be classless and frees from conflicts, wars , strugles, it is the fate of human kind. Yes.

I think , only one belief and conviction, understanding and agreement can make the society classless- that is we all creation of all mighty nature, have right to live and share the wealth of nautre, seeing god in every one and truly loving each other.

no….

eventually such attempts fall flat on their faces and are ultimately discredited. You see, someone will have to be in charge to make and enforce the rules. That small group who will be in charge will automatically be an elite and privileged class. Also, consider man’s nature….there will always be greed and corruption and attempts to unlevel the playing field. This is why its so important to have rules that can be overseen with transparency. While capitalism is a good and efficient economic system..its biggest flaw is the very greed and self serving that it promotes…eventually people like the execs at Enron or Mr. Madoff, or CEO’s making huge salaries that are over the top while running their companies into the ground…etc…

I want to know which course is better for a career in portfolio or wealth management…..CFA or thers??

If you wish to go into portfolio management at a mutual fund, pension fund, etc., the CFA is the pinnacle of achievement. It is more difficult and therefore more respected than any other designation.

I am a person with a lot of dreams. I’ll tell you all what my dream is,

To find a good job in UK, buy a nice house by a country side, find my love from there, have kids, take care of my family and my parents, have a nice and peaceful life.

But the problem is, unfortunately i am an indian. brown skinned and not very charming for everyone. For some reason i hate that place and everything in there.. no offense to anyone. I am just saying what i am feeling, I have come across many westerners at my work place, most of them are really nice people and they are attractive also. I cant even compare myself with them, i love them all… from my heart. What i am doing right now i working in company in the middle east with very less paid and i have no enjoyment in here at all. I have a bachelor’s degree in hotel management. I am looking forward to do a masters in England as well. Well, i hope that would at least put me one step closer to achieving my dream.

I love white girls, dont know why? when i say this people might think, the reason for my love for white girls would be to get an English passport. But trust me, its not. Its not wealth, its not for residency or anything else.. its something which attracts me from my soul. I know most of the english doesnt like the indians, but i am not.. may be by birth and by my looks. from my heart and my soul and the culture what i have i am not an indian.. i have had more of western influences in my life and less of the indian. because of this reason i do not feel like going back to that country as i dont like getting with people in there.. they all tend to think differently which i cant understand and cannot adjust with that old tradition and culture at all. Well, i am not trying to create a religious argument here, but just for the record…i am a christian and a god fearing 23 year old boy. And i think this would at least be a plus point for me to find a girl.

I worry too much about my future and feel isolated.. i would love to socialize, but here i cant find people to do that. I hope i would reach England very sooner and find my dream come true.

what do you think, will i ever be able to get to my paramount of dreams?
well, i am trying for my masters in England as well. Forgot to mention fellas. You know what, you are all giving me so much confidence. god bless you all

I always feel that no matter how bad things may seem and get, the one thing we have to hold onto is our dreams. We are nothing without them. Don’t see them as out of reach goals that you are kidding yourself with, instead let them be the motivation and the reminder that you have the power no matter what be the circumstances.

I personally see my dreams this way, and as such am on the road to following them. (I have always dreamt of starting a business, now im going for it).

I know that the culture clashing may be a problem, but remember that you are who you are (and from the brief descriptions you seem a nice fellow, and no-one can stop you except you). if people put you down, see these as blocks to realising your dreams, and reasons that you become strong.

When you have made it in life and look back you will realise that all of the little slip ups meant nothing, and have only made you a better person. And you will know that your dreams were worth having and pursuing.

I hope all works out for you, in fact i know things will work out for you. You just have to believe and try, and no one not even yourself can ask for more than that.

Good luck! Martin