Is a Wealth Management Banker the same as an Investment Banker?
Question by Brownie: Is a Wealth Management Banker the same as an Investment Banker?
If not, what is the difference?
Answer by analyst
No Brownie, they are different. A WMB is a banker who is allocated to high net-worth individuals. This varies from country to country, but here in Australia High Net Worth is generally regarded as someone who has over million in disposable assets (but excluding the main residence). Of course some institutions may only kick in at million or higher.
An Investment Banker, while they may work with HNW clients, basically looks after a far wider range of investments and ensures that high rates of return are achieved.
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