Private Banker VS. Financial Consultant
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Does anyone know the difference between the two? I was doing alittle
research online and it seems like they pretty much do the same thing.
The difference I noticed was the Private Bankers are given a salary +
commissions whereas a FA is strickly on commissions only. Wouldn’t one
want to be a PB instead of a FA since you get a salary + commission?
Anyone want to chime in?
the pb dealers with high net worth clients - usually 1million on up and
is not in a branch, a fa usually works in the bank branch
Greetings All !
my First visit to your fine Forum and, i'd Like to Jump Right In on This one !
There are Many diferances to the Two, Depending on Whom you're Speaking with. My vast experiance As a Priveta Banker (private party ) Using Funds which are the Property Of Associates and such to Engage in Transactions, is Much More desirable than Being a Consultant, with Limited Control and such !
Not that there's anything Wrong with Either, they Both have Ups n Downs, Depending on what the Particulares Of a Transaction Are !
Examples:
Private Bankers can Bridge many Hurddles inherant in Finance, where As the Consultant has No real Control, Other than to Make the Details Known to Each Party to a transaction and let Others Deside what's Next !
Being my First Post, i Believe i should keep this short !
i Hope it's not too Late ! ( hah-hah )
Best Wishes to you All !
Ask yourself how many millionaires know who “you” are. If the answer is
none, then go to the private bank. There you’ll get exposure and a salary
while you cut your teeth.
santeeclause:
Can you please respond in English. I can’t follow your logic.
Sorry if English is a second language for you.
<span =“bold”>SanteeClause, thanks for your comments. If you don’t
mind my asking, what are your experiences as a private banker (pros and
cons), and as always, what is the typical compensation for someone in
the business say,1-5, 5-10, 10+ years. I’m currently on the FC side
with BofA and there was an opening in their PB division. Any response
would be greatly appreciated!
what a freak…what’s up with the random capitalization of words and the terrible misspellings???
I had the curiousity to look at his profile. There you can see the firm that he
is affiliated with.
After looking at your website, I'll make two wagers, SC...1-You wrote the intro page yourself and 2-You're a 2-bit con artist. The only time a website has that much meaningless garbage is when the creator is trying to hide something.
SC, I've been a banker...and you're no banker.
[quote=Indyone]
After looking at your website, I'll make two wagers, SC...1-You wrote the intro page yourself and 2-You're a 2-bit con artist. The only time a website has that much meaningless garbage is when the creator is trying to hide something.
SC, I've been a banker...and you're no banker.
[/quote]
I agree....What kind of company are they? Did some intern develop that site. It made no sense at all.