Stephanie Petrosini ⋅ Red Bank, NJ ⋅ 11 years experience

Hi Kamran,
I have some experience in my role I would be willing to share with you if you are looking towards my side of the business. Feel free to reach back out if you look at my profile and think I can be helpful to you. my direct email is Stephanie.petrosini@ms.com
All the best to you!!
Steph

Ida Turner ⋅ West Chester, OH Northwestern Mutual ⋅ 19 years experience

As a recruiter in the financial industry, I would be happy to share with you the 'assessment' survey we use with potential candidates for the Financial Advisor -role. It takes approximately 5 minutes to complete and the results reflects the following traits:
AUTONOMY --measures intrinsic motivation which is important when one starts out building your 'book of business' (which btw. belongs to the institution you work for in the case with banking). This does not necessarily apply in the insurance industry. For example with our firm, the FA 'owns' the relationship hence, they 'own' the business generated from the relationship. This certainly makes a difference when deciding if 'banking' is the way to go.
SOCIAL: Essentially this... "Do you like working/helping with people"
CONFORMITY: Are you better at 'seeing' the broader perspective of 'team work' without your natural 'competitive' nature getting in the way of growth
PATIENCE: Relationships take time to be established, hence the 'sales cycle' is longer. If one is driven by immediate results in finance, this may translate into many frustrating 'work days'.
LOGIC and INGENUITY: 1+1=2. If you have always been drawn to 'spreadsheets and graphs', then this career path, more than likely, will be a good 'fit' for you.
Feel free to reach out directly for more information. I would be happy to help where I can.
Good luck.
Ida Rachel

Kamran Forghani ⋅ Laguna Niguel, CA U.S. Navy, Petty Officer Third Class ⋅ 4 years served

Some points from the article that caught my attention:

1. Be sure to pursue a career path that fits your personality.
2. How to succeed in wealth management- genuine empathy and great communication skills
3. A strong understanding of varying portfolios not just one market. But how does one create in focus?
4. The CFA is a good credential. I will need to start researching.

Kate thank you very much for sharing the article. I will check out the Community Page and reach out to the honorable mentors.

ACP AdvisorNet Staff ⋅ New York, NY ⋅ 10 years experience

Kamran,

Thank you for your question and ACP support!

In regards to your proposed question, for a more general answer, please look into this Linkedin article, "Considering Wealth Management or Private Banking as a career path?" by Dennis M. Grady (https://www.linkedin.com/pulse/considering-wealth-management-private-banking-career-m-grady-cpcc/). This gives a good overview of the world of Wealth Management, within the Banking industry - a great foundational start.

As well, please also, look into using our Community page - specifically, tabbing through Mentors and Proteges, within the Financial services field (i.e. Wealth Management). Within this portion of our website, you can directly message these people and this will give you a more in-depth set of answers to your proposed questions. Hope this helps and thank you for your time.

Have a great day!

Best,

Kate