Wall Street has had its fill with the Type-A risk takers who
can cost a firm billions after they have made their millions and moved on. The hiring focus now is on the back-office
compliance staff to rein in the risk takers.
But the Street also can’t find enough rock-star talent to advise
America’s wealthiest individuals.
These financial advisers and private bankers belong to an
exclusive club — one of the few bright and rewarding exceptions in a generally
dismal Wall Street jobs scene.
“It’s a solid business, more the tortoise than the
fast-moving hare,” said adviser Gerry Klingman of Klingman & Associates on
Avenue of the Americas. “Before the financial crisis, sales and trading,
derivatives and hedge funds were strong,” he added. “Not anymore. Now the baby
boomers are aging and need financial advice….”
Read all about it at http://www.nypost.com/p/news/business/wealth_of_bank_jobs_qsBJJ49ulkfdw7jkGyiEcJ
No comments:
Post a Comment