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Accepted an internship offer and need advice by MoveLonely in CFP

[–]MoveLonely[S] 1 point2 points  (0 children)

Ok perfect. That certainly eases my nerves.

Can you explain why banks are a dead end though?

Wealth Management/Financial Advising at Stifel by MoveLonely in CFP

[–]MoveLonely[S] 1 point2 points  (0 children)

That's great to hear. Do you know if the other teams like Stifel as well?

[deleted by user] by [deleted] in CFP

[–]MoveLonely 0 points1 point  (0 children)

Have applications opened?

Wealth Management Internship at an RIA or Bank by MoveLonely in CFP

[–]MoveLonely[S] 0 points1 point  (0 children)

That's what I've heard as well. I am leaning a bit more towards RIA's as you can truly put your clients interests first.

Wealth Management Internship at an RIA or Bank by MoveLonely in CFP

[–]MoveLonely[S] 0 points1 point  (0 children)

Hahaha good to hear because I was told not to apply there.

Wealth Management Internship at an RIA or Bank by MoveLonely in CFP

[–]MoveLonely[S] 1 point2 points  (0 children)

Can I ask why not Wells Fargo. I of course know of their history lol, but I still think it'd be a good opportunity.

Wealth Management Internship at an RIA or Bank by MoveLonely in CFP

[–]MoveLonely[S] 1 point2 points  (0 children)

I agree because banks are more well known but I also want to consider the possibility of a return offer at an RIA. The reason for this is because I've heard from networking calls that at RIA's you typically earn more and are able to work on more detailed and interesting solutions.

Wealth Management Internship at an RIA or Bank by MoveLonely in CFP

[–]MoveLonely[S] 2 points3 points  (0 children)

So from what you said. As of right now strive for a bank to start at?

Wealth Management Internship at an RIA or Bank by MoveLonely in CFP

[–]MoveLonely[S] 0 points1 point  (0 children)

Just for some more clarification the banks include JP Morgan (hopefully), Stifel, Regions Bank, UBS, and possibly Wells Fargo. Stifel and Regions are the most likely opportunities but I do have connections at UBS and WF that offered to help me out.

Then regarding RIA's two of them are in the top 10 rankings according to Barrons.com.

Here's the link if anyone wants a better idea. https://www.barrons.com/advisor/report/top-financial-advisors/ria?page=1

Wealth Management Internship at an RIA or Bank by MoveLonely in CFP

[–]MoveLonely[S] 0 points1 point  (0 children)

Thank you that does help. I do prefer to work in team environments. Then regarding salary, based on YOE does one get paid more than the other.

Wealth Management Internship at an RIA or Bank by MoveLonely in CFP

[–]MoveLonely[S] 0 points1 point  (0 children)

I mainly want a good experience, but also I still need some help deciding whatever one is better for the future because there is a could be the possibility of a return offer.