I am interning for an economist who is highly ranked by bloomberg, sells his research to top firms, speaks at many important conferences, etc. He is a nice dude who want to make more money off of his brain. What he wants to do is going into the Asset Management sector, particularly focusing on Investor Advocacy. Basically, he wants to be a "buy side" guy for people with a lot of money. He would be like a watch-dog for his clients to protect them from the financial advisors, make sure their financial advisors are making good decisions based on actual markets and not just the number of production credits they'll generate. Pay structure would be a retainer fee, which includes 25 hrs of work, i.e. quarterly calls/meetings, looking over deals, etc. My task as an intern is to try to figure out how to get these high net worth clients. My question forWSOis: what do you think of this idea? Have you seen anything like this? Do you think this is worth trying?
2013年2月15日
2013年2月15日
Hedge Fund Interview Course
- 跨越165个对冲基金的814个问题。来自500,000多名成员的众包。
- 11 Detailed Sample Pitches and 10+ hours of video.
- Trusted by over 1,000 aspiring hedge fund professionals just like you.
Related Content
查看更多WSO虚拟训练营B0B体育平台下载
Popular ContentSee all
Total Avg Compensation
12月ember 2021bob竞技体育游戏
-
Director/MD (10) $853
-
Vice President (40) 360美元
-
Associates (236) 235美元
-
2nd Year Analyst (145) 156美元
-
3rd+ Year Analyst (34) 154美元
-
Intern/Summer Associate (107) 146美元
-
1st Year Analyst (514) 136美元
-
Intern/Summer Analyst (394) $84
LeaderboardSee all
| 1 |
|
99.3 |
| 2 |
|
99.2 |
| 3 |
|
99.1 |
| 4 |
|
99.1 |
| 5 |
|
99.1 |
| 6 |
|
99.0 |
| 7 |
|
99.0 |
| 8 |
|
99.0 |
| 9 |
|
98.9 |
| 10 |
|
98.9 |
Comments (4)
Is that investor advocacy or due diligence? And isn't this a function performed by high net worth wealth management firms?
Well his argument is that it's supposed to be performed by wealth management firms, but they way wealth management firms get paid is based off of transactions in addition to a percentage of the money they make for the client, so his thought is that he would basically be making sure they're doing what makes sense economically. Also, a lot of people, even high net worth, don't really seem to know a whole lot about markets or their financial investments, so his thought it that having an economist who has also worked inIB, etc, will give them peace of mind and they'll feel secure that they're avoiding Bernie Madoff situations. He put it to me like this: when you buy a house, there's the realtor for the person who is selling it to you, and then you have your own. In wealth management, it's basically like the other guy is the "realtor" for financial services, but you don't have anyone really representing you. That's what he wants to do. And he thinks having a set rate retainer fee will help reassure the client that he isn't looking to profit on a per-transaction basis, but rather just to help keep watch over their assets.
Does this sound like anything any of you have heard of? If yes, point me in the right direction? If no, what do you think are the pros and cons of this? Is it a good idea, period?
我应该弄清楚如何最适合最适合客户，然后最终获得一些客户。问题是，我以前从未见过这样的东西。你听说过的任何类似的东西都会受到赞赏！
It's a horrible idea. He will be competing with consultants....super low margins. How does he get clients? That's a real good question. My guess is that he won't.
这让我想起了曾经存在被称为对冲基金资金基金的事情。这些人应该对基金会基金进行尽职调查，以了解它们是否有任何好处。
Consequatur dolores sint nobis. Fugiat nihil reiciendis voluptates. Non eos qui itaque. Aut mollitia qui architecto et necessitatibus fugiat. Quo sit nobis rerum nulla atque repellendus. Fugit voluptate accusantium doloribus quis cum voluptas reiciendis.
Autem nihil aperiam id harum nemo et ut. Sit aliquid voluptatem minus quas. Aspernatur pariatur maxime unde id.
Odit nobis laborum voluptatum dolorem ea natus amet velit. Nihil nisi ad illo ut nobis ut dolor. Cumque ratione dicta et fugiat in modi. Sit repellat perspiciatis sit asperiores voluptatibus ratione modi. Eum eaque voluptates libero est. A nihil ab alias ratione.
查看所有评论 - 100％免费
WSO取决于他们知道某些东西时的每个人都能够投球。解锁您的电子邮件并获得奖金：6 financial modeling lessons free($199 value)
orWant toUnlockby signing in with your social account?
Preview & download comment as image
You can download this screenshot as image or copy to clipboard using browser's context menu