Close this search box.

Wealth Manager Dimensions: Small, Medium, or Large โ€“ Which Suits You Best? ๐Ÿ”

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.

If youโ€™re contemplating a career pivot, youโ€™re probably torn about the size of the independent wealth management firm thatโ€™s the right fit. Letโ€™s dive into this world with a sprinkle of humour:

๐Ÿ“ Small Wealth Manager (up to 150MM): With smaller firms, you get that cosy โ€œfamily feel,โ€ probably because you can practically reach out and touch everyone from your desk. Focusing on a limited number of custody banks simplifies operations, and savvy outsourcing can lead to cost-effective triumphs. Remember, language and market specificity are crucial โ€“ meet client needs without running the marathon. Think of this size as the โ€œdainty delicacyโ€ of the financial world.

๐Ÿ’ข Medium Wealth Manager (up to 500MM): Ah, the so-called โ€œgolden middleโ€ โ€“ sounds enchanting but comes with challenges. An increasing number of custodian banks, enhanced system security requirements, and a rising appetite for diverse investment products mean more moving pieces. And letโ€™s not forget the jigsaw puzzle of coordinating internal services. Yet, it often feels like an upscale boutique, especially if not run like a shared office space.

๐Ÿ˜ Large Wealth Manager (500MM and above): Welcome to the realm of the โ€œfinancial elephants.โ€ These big players are often reminiscent of private banks and boast the bargaining power with custody banks, thanks to their substantial client assets. But beware of pitfalls โ€“ balancing costs and revenues here is a tightrope walk. A relationship manager in such an environment can find himself in a โ€œShop-in-the-Shop,โ€ suddenly immersed in holistic wealth management with offerings like wealth planning, private label funds, or even private office services.

Thereโ€™s always another angle. Some wealth managers might woo you with the allure of unlisted stocks, while others wonโ€™t. So, channel your inner Goldilocks and decide which world feels โ€œjust rightโ€ for you.

Source: LinkedIn

Rating: 5.00/5. From 5 votes.
Please wait...
Comparative analysis of wealth managers of different sizes - small, medium, and large, with pros and cons highlighted.

Your monthly vapa insights await you:

* indicates required

Please select all the ways you would like to hear from vapa.ch:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices.