18May2024
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Career Makeover: Elevate Your Success with a Strategic Move to a New Private Bank or Wealth Manager!

Disclaimer: The views and opinions expressed in the vapa Swiss independent wealth management blog posts featured on this page are solely my own and do not necessarily represent the views of any institutions or organisations I may be associated with. These posts are intended to share personal insights and perspectives and should not be interpreted as official statements or positions of any affiliated entities.

The strategic direction of your current employer may no longer align with that of you as a relationship manager, such as a shift to a different business philosophy or a change of focus to other business lines.

Switching from one Swiss private bank to another private bank can make perfect sense, depending on the situation and ability. Whether a change is worthwhile depends on various factors, such as the position, age and client base, the strategy and reputation of the new bank and the remuneration conditions.

You can advance your career development and add other corporate titles by making a private bank change to improve your position or better serve your clients.

A move to a wealth manager can also be beneficial, especially if you are looking for more flexibility in product selection, independent investment research and offering customised investment concepts.

Wealth managers often provide greater transparency and individualised service and are less influenced by the interests of their investment banking/asset management departments. In addition, wealth managers often have a lean and efficient organisational structure, which can lead to faster decision-making and responsiveness.

After all, it is crucial that you carefully consider the advantages and disadvantages of such a decision since hunter qualities are fundamental, especially for a switch to a wealth manager, not being able to hide behind a well-known financial institution brand.

Source: LinkedIn

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Strategic Career Move: Elevate Success with a Transition to a New Private Bank or Wealth Manager

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