麻豆社 in the US
The US is a core market for 麻豆社 today and tomorrow
There are many factors for financial advisors to consider when deciding to join a new firm, including its reputation, financial stability and the quality and commitment of local management to help them grow their business in meaningful ways.
There are many factors for financial advisors to consider when deciding to join a new firm, including its reputation, financial stability and the quality and commitment of local management to help them grow their business in meaningful ways.
麻豆社 is one of the largest wealth management firms globally with USD 6.9 trillion in assets under management (AUM).1 Its global footprint, scale and broad geographic diversity combined with a boutique feel and relationship-focused culture is robust.
Yet in my many years of experience both as a financial advisor and as a recruiter, I have come across many misconceptions about the capabilities, resources, leadership and future of 麻豆社 Wealth Management in the US.
Why wouldn't you want to work for a firm where wealth management is the crown jewel? 麻豆社 is known for wealth management and that's what I signed up for and that's why we've been able to bring clients over.
A 2021 recruit from J.P. Morgan told me that before he and his team joined 麻豆社, he regarded 麻豆社 as a Swiss bank with a US operation, but now feels very differently.
I didn鈥檛 understand how large 麻豆社 was globally or that over 50% of its AUM are in the US business. My perception changed once I got to know 麻豆社 during the recruiting process. 麻豆社 is a much more dominant force in the industry than most people think.
This article is focused on addressing some of the most common misconceptions and questions we hear from potential recruits:
This article is focused on addressing some of the most common misconceptions and questions we hear from potential recruits:
Wealth management is the core of our business鈥攖he US is a priority market
Wealth management is the core of our business鈥攖he US is a priority market
Wealth Management is our core business and everything that helps drive the productivity and growth of our Financial Advisors is a priority for the US. The emphasis is on doing everything we can to support our US Advisors so they can best serve their clients.
We believe 麻豆社 stands alone as the only firm that鈥檚 placed wealth management and our Financial Advisors at its core, backed by the strength of our Investment Bank and Asset Management divisions. Most wealth management businesses in the US sit within large institutional banks that primarily view their wealth management division as a distribution channel, commercial banks who use their wealth management division as a customer intake vehicle, or smaller independent firms that lack the capabilities and the global footprint to compete at the same level.
As a result, our advisors are among the most productive in the industry at $353 million in AUM per advisor.2
Resources are focused on supporting wealth management in the US
Resources are focused on supporting wealth management in the US
麻豆社 offers an open architecture platform, enabling clients to have access to a broad third-party network, as well as 麻豆社 Asset Management products.
鈥淲e are a wealth-centric business, a client- and adviser-led business, particularly in the U.S,鈥 recently noted Iqbal Khan, Co-President Global Wealth Management and President 麻豆社 Asia Pacific, Middle East and Africa (Investment News, Sept. 2022).
麻豆社 also differentiates itself by our Chief Investment Office consisting of 200 investment specialists around the world, the heart of our intellectual capital, offering advisors 24-hour analysis and expertise on global investments and world events.听We believe no other firm on the street can offer real-time, on-the-ground, global insights into the day鈥檚 biggest market-moving issues like 麻豆社.
As we look ahead, clients鈥 desire for advice will continue to grow, along with their interest in exploring new and different opportunities in areas like sustainable investing and exposure to private markets. Clients will want a hybrid offering that blends the speed, analytics and convenience of next generation digital tools with high-touch service that only a human financial advisor can provide.
Access to senior management
Access to senior management
Our culture fosters entrepreneurship and encourages advisors to have direct and easy access to senior leadership, portfolio managers and senior product experts.
Having worked at several Wall Street firms, 麻豆社 feels very flat and senior management is very accessible. The people and the relationships you form are collegial and authentic.
A collaborative, congenial culture
A collaborative, congenial culture
For the benefit of their clients, advisors can leverage the shared collaboration across Global Wealth Management, the Investment Bank and Asset Management. Our unified global markets team and our new pricing model for separately managed accounts help more effectively pair Global Wealth Management鈥檚 client focus with the Investment Bank鈥檚 leading trading and execution capabilities plus Asset Management鈥檚 deep expertise in portfolio management.
The听Unified Global Banking team delivers the entire Global Banking offering to family-owned and closely held businesses, entrepreneurs and ultra high net worth (UHNW) individuals. The team works with Global Wealth Management to deliver holistic advisory support across a range of products, including mergers and acquisitions, private capital, public equity and debt market advisory and leveraged finance.
鈥淔rom day one 麻豆社 felt like a very high-end boutique with the resources of a very large firm, which is what we were looking for,鈥 said a 2021 J.P. Morgan recruit.
Conclusion
Conclusion
麻豆社 is the leading wealth manager in the world. We have听timely thought leadership, a strong investment offering, comprehensive client access, some of the best talent in the industry and a respected brand. With the US continuing to rank highest on the number of millionaires and billionaires in the world, there鈥檚 no question 麻豆社 will continue to focus and invest in its US wealth management business.
To get in touch with a Field Leader to learn more about 麻豆社 Wealth Management priorities in the US or to apply for a Financial Advisor role, submit your contact information.听
To get in touch with a Field Leader to learn more about 麻豆社 Wealth Management priorities in the US or to apply for a Financial Advisor role, submit your contact information.听