Quote:
Originally Posted by Unregistered
I work in a top tier PB bank, surprised by your hunger to push products, the way you manage the client money will eventually put in the bad books of the ultra-high networth community. Better keep your reputation, as it is a small community, and they will talk among each other. I believe you will out of PB if you believe in screwing the clients
Most of the clients networth these days are tied up in non-liquid assets e.g shares of their IPO company, plantations, etc Their LTV is marked lower due to tight credit control these days, so cant leverage much further.
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Interesting
In what way do I screw client? By leveraging or by meeting my target?
There is nothing wrong with meeting target and client making money.
Unless you find a problem with that.
As for pushing products. I guess you choose not to read what I said about revenues from other sources that are not related to trading AND beneficially to client.
Pity , a top tier private banker that cannot read.
That I worried for your client.