Private Banker VS. Financial Consultant

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Aug 28, 2005 3:38 pm

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?

Aug 29, 2005 11:09 am

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 

Sep 1, 2005 7:17 pm

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 !

Sep 1, 2005 9:10 pm

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.     

Sep 1, 2005 9:14 pm

santeeclause:



Can you please respond in English. I can't follow your logic.



Sorry if English is a second language for you.

Sep 1, 2005 9:53 pm

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!

Sep 1, 2005 11:30 pm

SanteeClause,


You are full of sh*t!!  You do not know what you are talking about

Sep 3, 2005 4:31 pm

SanteeClause, I don't know what you are talking about.

Sep 4, 2005 12:06 am

Can this loon be banned, or at least sent back to the North Pole?

Sep 4, 2005 1:27 am

mr clause


wow!! what are you smoking?

Sep 4, 2005 1:42 pm

what a freak...what's up with the random capitalization of words and the terrible misspellings???

Sep 4, 2005 4:34 pm

I had the curiousity to look at his profile. There you can see the firm that he

is affiliated with.

Sep 6, 2005 4:53 pm

where do they come from????

Sep 6, 2005 6:15 pm

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.

Sep 6, 2005 7:42 pm

Santa:



Wuud Yu pleeze show mee how to Make a Milyon $$ lyke YU DOO?

Sep 9, 2005 12:11 am
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.



  I agree....What kind of company are they?  Did some intern develop that site.  It made no sense at all.


Sep 10, 2005 9:35 pm

So, are Private Bankers salaried + commissioned? Thx.