Private Banking & Wealth Management: currently 750 jobs.The latest job was posted on 17 Jul 18.
Private Banking / Wealth Management
The responsibility of those with Private Banking and Wealth Management jobs is to manage the funds of the very wealthy efficiently, effectively and with the utmost care.
Finding the Right Private Banking/Wealth Management Job
Due to the concentration of wealth in the area, most private banking jobs in the UK are based in London, however satellite jobs in other key cities around the country are also available.
The Role of the Private Banker
Private bankers carry out the day to day banking activities for wealthy customers away from prying eyes.
This will include pensions and tax advice as well as acting as an asset manager to ensure any investment activities are appropriate and are unlikely to erode the value of their underlying assets.
Private banking services can also offer advice on charitable giving and estate planning - the best ways to bequeath the clients' wealth to future generations.
A private banker will usually focus on one key service, most are involved in relationship management, with a smaller number in investment roles.
A relationship management role would be much more client focused and require significant travel to promote new products to existing clients or developing new contacts.
Alternatively an investment role would be more technical, offering specialist advice to the relationship managers in relation to particular products, and on an ad hoc basis.
Private Client Investment Managers and Stockbrokers
A private client investment manager and stockbroker is in essence a wealth planning advisor, helping clients trade their financial assets to maximise return include the buying and selling of shares.
A private client investment manager and stockbroker will work on either a discretionary mandate, where they are able to trade the financial products of their client whenever they feel appropriate to meet the overall investment strategy set. Or they could work on an advisory mandate, where they provide advice to the client but need their specific permission to make the trades.