Careers — Westminster Wealth Administration

wealth management careersThe Investment Administration Division, comprised of Goldman Sachs Asset Administration and Non-public Wealth Management, supplies asset management and wealth management options to world-class institutions and individual investors globally. In keeping with a February 2006 survey by Prince and Associates, a market analysis firm specializing in international private wealth, the average production of wealth managers is double that of product specialists and funding generalists, as shown within the following desk.

The 2012 Robert Half Wage Information reviews that, for 2011, non-public bankers earned $46,750 to $sixty nine,500 a yr, though this figure almost certainly represent junior level private bankers and would not embody commissions of share of consumer property beneath management.

One cause that households choose household offices over different wealth management choices is that these offices tend to treat household property more like a enterprise with a deal with structuring the family assets, ensuring the property are sustainable, and organising controls and accountability.

Amongst brokerage companies offering wealth administration companies, Morgan Stanly Smith Barney is the biggest, though they do not release info on their whole consumer belongings underneath administration, adopted by Merrill Lynch, with about $2.2 trillion in consumer assets, according to the company’s web site and.