Research Analyst at a Family Office experience, research, position, limited

sabina

I live in a town with limited research analyst opportunities. We do have a few small hedge funds (the largest having about $400mm aum, the others with <$50mm), a regional broker dealer, and some small to mid-size institutional shops. Would a position as a Research Analyst at a local independent Family Office style Financial Planning Firm with around $500mm build worthwhile buy-side experience? My goal once I've earned my charter is to move to an institutional shop or a hedge fund and work my way up to a Portfolio Manager position.

wizofoz

I remember when I graduated from business school, at a career event, a family fund came to recruit. A guy and a girl, both graduated with a MBA from Chicago. The job is in LA so I didn't take it. Think about this, top MBAs work there.

bolligerallstar

Thanks for the feedback. This office doesn't actually run any funds. They manage money for high net worth families (avg. account size around $1.5mm). Since it's not institutional, I wondered if it would be worthwhile experience if my ultimate goal is to get into institutional money management. Part of me things it's apples and oranges (or maybe pears), but the other part things it's better than working in a non-analyst role, since some sort of analyst experience would be better than no experience.

ba736

Most importantly, what are your other options?

Anyways, maybe I am mistaken, but I think the firm sounds more like an RIA than a Family Office type place.



Edited 1 time(s). Last edit at Saturday, June 25, 2011 at 07:50PM by Palantir.

mp3bu

This sounds like excellent experience to get into Private Wealth management....

meghanjackson

Baupost group started as a family office, I think in many ways FO could be the ideal environment.

kickthatcfa

If you involved in the investment decision making process, why not? Sounds good to me.

jbaldyga

Are you picking stocks? If so, then go for it.

Analyze_This

builders Wrote:
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> no


Insightful and informative.

Woudl read again A++++++++++

I think that 1.5mm is more middle market family wealth mgmt and not really HNW. 500mm AUM is good though.

___________________________________________________
ChickenTikka Wrote:
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> Being Born Wealthy > Being Jewish or WASPY > Born
> Pretty > Top 5 MBA > CFA > Avg MBA > Born middle
> class > Born lower class > Born in crack house >
> Born middleclass in Asia and working in IT but
> looking to switch to buyside

yodacaia

ASSet, good point about 1.5mm being more middle market than HNW. I guess 5mm+ would be HNW, and around 10mm+ would be UHNW? Although, this is in the mid-west where 1.5mm goes alot further than 1.5mm would in someplace like NYC.