Significant Career Lesson From A Wealth Advisor At J.P. Morgan
Entry-level wealth management positions typically begin as a "client service associate," focusing on "day-to-day operations of their finances," such as account management and trading; alternative, less common paths involve investment-focused roles requiring more experience or sales roles focused on revenue generation.
Client Service, Financial Operations, Investment, Sales, Wealth Management
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Koushik Gopineedi
Wealth Advisor
J.P Morgan
UC Berkeley
Economics
Finance (Banking, Fintech, Investing)
Sales and Client Management
Transfer Student
Video Highlights
1. Many entry-level roles in wealth management are client service associate positions, focusing on day-to-day financial operations like account management and trade execution.
2. Investment-oriented entry-level roles exist but are less common, often requiring more experience.
3. Sales roles within wealth management are another entry path, involving selling financial products and building a client base.
Transcript
What entry-level positions are there in this field that an undergraduate college student might consider?
In wealth management specifically, an entry-level position is most likely to be as a client service associate. While some roles may be more investment-oriented, most are service-oriented.
Essentially, you're helping clients with the day-to-day operations of their finances. This includes putting together statements, sending out wires, opening accounts, doing trades, buying securities, and placing orders. This is where most people get started, and it's a great way to learn all the different parts of the business from the ground up.
Another route is to focus less on operations and more on portfolio and investment. These roles are a bit rarer and require more experience, but they do exist.
The third kind of bucket is sales roles. You would be selling mutual funds or products to other advisors or within wealth management. A sales role involves building a book of clients and bringing revenue to the firm.
However, most people start in client service.