seremify007 said:
is it purely completing trades on behalf of clients or do u offer advice? curious as to what the job is and what kind of portfolio size/client size a grad would be working on.
yea i cant offer advice unless i do ps46 + grad diploma, im just an analyst, not an adviser, like the others who actually recommend what type of investment, when, and why. big diff is that i get a wage where as advisers get base plus bonus based on client retention, brokerage fees etc.
most of the client enquiries go to my managers but i do the orders whena client wants to for e.g. get international exposure ill recommend certain ways to get that exposure that we have access to and also tellt hem about upcoming placements and trade shares (its at my discretion when i trade, usually at limit order, but the client specifies everything - so i have their best interest when i execute) most of research is done externally and we get market wraps from heaps of sources like ubs, goldies etc so we use that to provide info. also most of my clients are old ppl cos its retirement funds in a smsf so i can answer general adhoc enquiresi
typical smsf portfolio is about 1m and ive dealt with 10m plus, to be cost effective, an smsf should ideally have over 150k - so these are high net worth clients
hope taht answers ur q
haiderr said:
Oh ok that would be heaps fun! Playing with someone else's money? haha just kidding!
3li: Did you by any chance do the UTS BAcc course? I think I remember seeing one of your posts in the BAcc thread.
yea i do bacc still in 2ndyear
and its not really playing with, ur helping them create wealth, its titeass if u mucka rond with it cos this is wat these old fellas retire on
