Private Banking & Wealth Management, London: currently 105 jobs.The latest job was posted on 19 May 19.
Private Banking and Wealth Management roles in London
There are a wide variety of jobs available in the Private Banking and Wealth Management industry in London; companies which provide investment services to wealthy individuals need to employ people in all the major functions of a financial institution from IT Systems Development to Fixed Income Trading. For the core functions of professionals acting as a Wealth Manager, however, the average salary is £50,000 at present, with considerable potential upside from bonuses and performance related pay. At the higher levels of the industry, earnings can be much higher, although these jobs are not always advertised and may depend on being able to transfer a personal franchise of client accounts. Sometimes, compensation can be agreed for an experienced wealth manager with an independent book of business as a percentage of revenues generated or of assets under management.
Private Banking and Wealth Management is a people business, so the key attributes employers are looking for are personal qualities such as empathy and communication skills. Candidates need to demonstrate a track record of being able to deal with and understand the particular requirements of wealthy and high net worth individuals, as well as having a practical problem-solving mindset. Currently, product specialists in real estate and Russian language speakers are in demand.
More about working in London
As well as having a thriving independent wealth management industry, London is home to offices of most of the biggest global banks. Its stable legal system and world-class attractions and amenities have made London a top destination for expat wealth.
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