The WetFeet Insider Guide to Careers in Asset Management and Retail Brokerage
Book DescriptionIf money makes the world go ?round, the Earth would grind to a screeching halt without the asset management industry. Asset management is the business of making money with money?or at least trying to. Asset managers manage largepools of investments, which conform to specific sets of guidelines in order to achieve certain financial objectives. The investments could be held in a mutual fund or hedge fund, or might be in a portfolio managed by an investment counseling firm, a banktrust department, or an insurance company. Anyone considering a career in asset management should be keenly aware that markets not only go up, but also go down?sometimes way down. The "retail" brokerage industry, which deals with individuals (as opposed to "institutional" which deals with companies and other large clients), is weaning itself from its traditional reliance on trade-based commissions by offering more and more fee-based services, which provide a more regular...
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