Welcome to PWM Pathway's job description deep dive for summer and full-time analyst roles. In this post, we'll explore detailed descriptions of various positions at top private banks and wealth management firms. You'll find essential information, including salary ranges, qualification requirements, and key analyst responsibilities. All details have been directly sourced from the JPMorgan job directory, ensuring you have accurate and up-to-date insights. For more information, click here. 

GS Private Wealth Management, Financial Analyst

Key Information:

• Job Category: Summer & Full-Time Analysts
• Business Unit: Wealth Management, Private Wealth Management (PWM)
• Location: New York, NY, United States
• Base Pay/Salary: $75,000 - $125,000 (New York-based position)

About the Division

Wealth Management at Goldman Sachs includes Private Wealth Management, Ayco, and Private Banking, Lending & Deposits. This division focuses on empowering clients and customers worldwide to reach their financial goals through a comprehensive suite of services. The advisor-led wealth management businesses offer financial planning, investment management, and advisory solutions to a diverse range of clients, including ultra-high net worth individuals, family offices, foundations, endowments, corporations, and their employees. The division’s success is driven by its commitment to people, cutting-edge technology, data, and design.

About the Program: GS Private Wealth Management, Financial Analyst

Program Overview:

The GS Private Wealth Management (PWM) Financial Analyst role is designed for quick-thinking self-starters with a passion for financial markets and a desire to work closely with portfolio managers. This program offers both summer and full-time opportunities for those who thrive in fast-paced environments where attention to detail, strong communication, and client service are essential. The program is structured to provide participants with a broad-based understanding of the asset management business, enabling them to contribute meaningfully to client portfolios and the broader PWM team.

Your Impact

As a Financial Analyst within Goldman Sachs Private Wealth Management, you will play a key role in relationship management and the investment process for high net worth clients. You will support Private Wealth Advisors (PWAs) by monitoring portfolio holdings, analyzing asset allocations, researching investment opportunities, staying updated on financial market developments, and executing trades. This role is crucial in maintaining and enhancing client relationships by delivering tailored wealth management strategies.

Our Impact

Goldman Sachs’ Wealth Management division empowers clients globally by helping them achieve their financial goals. Through its advisor-led businesses, the division offers a wide range of services including investment management, financial planning, and comprehensive advisory solutions. PWM, in particular, provides customized wealth management plans for high net worth individuals, families, and select institutions like foundations and endowments. This close, personalized approach allows PWAs to continually adapt strategies and offer new opportunities that meet evolving client needs.

How You Will Fulfill Your Potential

• Client Relationship Management: Work closely with Private Wealth Advisors to manage client relationships and assist in the investment process for high net worth individuals.
• Portfolio Monitoring: Regularly monitor client portfolios to assess manager performance, identify opportunities for rebalancing, and recommend tactical investment ideas.
• Asset Allocation Proposals: Develop asset allocation proposals for new clients, considering a broad range of investment managers, styles, and vehicles that align with client risk profiles and Goldman Sachs’ strategic views.
• Client-Facing Materials: Prepare materials for clients that effectively communicate asset allocation strategies and portfolio performance.
• Investment Research: Conduct due diligence on internal and third-party investment opportunities across public and private markets.
• Business Development Support: Aid in business development by researching potential prospects and tracking relevant capital raises.

Skills & Qualifications

• Required:
• Ability to excel in a fast-paced environment and maintain composure under pressure.
• Strong interest in financial markets with good commercial instincts.
• Ability to multitask and collaborate effectively with colleagues across various desks.
• Excellent verbal and written communication skills.
• Strong organizational and interpersonal skills.
• Relevant certifications, including SIE, Series 7, and Series 63, must be obtained within three months of employment.
• Preferred:
• Prior experience or knowledge in investment management, financial planning, or related fields.
• Advanced analytical and problem-solving skills.
• A proactive and inquisitive mindset with the ability to think creatively about client needs.