Private Wealth Management

Private Wealth Management

Private wealth management client assets have proven very fruitful, ending 2020 at an all-time high, despite the global pandemic. Asset management consolidation continues to reshape the industry, which is resulting in more wealth management companies adding to their asset divisions, resulting in more role vacancies. 

As mergers and acquisitions in wealth management and the private banking industry increases, a number of key locations globally are emerging as new players, while the traditional regions are still going from strength to strength. The US is a global hotspot for M&A dealmaking, but interestingly South American countries, such as Brazil, have seen an uptick in activity. The UK is still a hotbed of movements, no matter Brexit, while India and China are locations of note. 

The responsibilities of professionals within the private wealth management space is to find solutions for their clients, to better spend, borrow, invest, and save. This can include managing a vast array of portfolios, such as real estate and business ventures, but also handling taxes, philanthropic initiatives and much more. It’s best broken down into three sections to understand the service PWM typically offers: 

  • Private Banking Offering – Mainly Credit, Lending, Banking, Mortgages, Loans 

  • Wealth Management/Brokerage – Investments (typically in a family office & an RIA) 

  • Trust & Fiduciary – Legal, Planning – trust, estate, wealth & financial planning, Multi-Generational Trusts

Often PWM is split into two disciplines, advisory and discretionary. The differentiation here is the service offered to the customer, and very much depends on how hands on the clientele wants to be. A private banker can present opportunities to clients, with the final say being with the client when within an advisory relationship. A discretionary service often suits a client who will initially discuss the strategy they wish to take, with their private banker then managing the client’s portfolio on their behalf.

There are a number of divisions within private banking, with investment the most obvious as these individual specialists offer the expertise to clients. Relationship management is key to PWM, and then there are supportive roles, such as compliance for example, which help transactions and activity to be carried out as smoothly and efficiently as possible.  

At Selby Jennings, we cover the following sector roles within private wealth management: 

  • Private Banking (Relationship Managers, Investment Advisors, Portfolio Managers, Wealth Planners, Business Development Officers, Team leader/Managers, Chief Investment Officers)

  • Wealth Management/Brokerage/RIA (Financial Advisors, Investment Managers, Portfolio Managers, BDO’s, Producing Managers, CIO’s)

  • Trust & Fiduciary/Family Offices (Trust Officers, Legal Specialists, Wealth Planners, Chief Fiduciary Officer, Business Development Officer’s)

    Browse our private banking and wealth management jobs and career opportunities here

Private Wealth Management Jobs

Conducting Officer - AIFM Risk Management & Valuation
Negotiable, Luxembourg

AIFM Risk Management & Valuation Conducting Officer An alternative investment fund manager intend...

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Regional Business Manager (Senior Director)
Negotiable, Hong Kong

Key Responsibilities Work closely with stakeholders including RM, IC, and clients to launch produ...

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Business Development/Trust Lead
+ Bonus, United States of America

This role entails generating new business growth through network development, new client acquisit...

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Senior Vice President - Private Banker
Negotiable, San Francisco

A renowned and Leading Private Bank with a broad domestic presence is actively looking for a seas...

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Senior Trust Officer
+ Bonus, Greensboro

This role entails developing, implementing, and monitoring individual financial plans for assigne...

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Business Development Director
Negotiable, City of London

Expectations: Act as business developer, using personal contacts and the wider network to acquire...

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Private Banking Relationship Manager
Negotiable, Hong Kong

Responsibilities: * Actively identify prospects and establish contact with them/convert prospects...

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Senior Investment Counsellor
Negotiable, Hong Kong

Responsibilities * Provide investment support, education and guidance to clients, prospects and R...

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Venture Capital Analyst
Up to US$1 per year, Florida

Responsibilities · Participate in company presentations and evaluate business models. · Analyze a...

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