Trade guide
Asset management manager
Wealth managers help their clients to enhance, protect and pass on their assets. Combining financial and legal expertise with a flair for advice, this is a job for people who are capable of managing complex long-term wealth strategies. In this article, find out more about the duties of an asset manager, the training required to become one, and the career and pay prospects offered by this fast-growing sector.
The business
What is a wealth manager?
Its role
Asset managers administer and enhance the value of the property and financial assets of private individuals and companies. You develop tailored wealth management strategies, optimise the profitability of investments and anticipate market trends. Your expertise guides your customers towards the best decisions for their assets.
Its field of action
As a wealth manager, you will work in a dynamic financial environment. Your professional network extends to banks, insurance companies and asset management companies.
You have a thorough understanding of the legal, tax and financial aspects of wealth management. This versatility enables you to provide your clients with effective support in their investment, transfer and tax optimisation projects.
The functions
What are the duties of a wealth management manager?
As a Wealth Manager, your day-to-day professional life is punctuated by a variety of strategic assignments.
You analyse your customers’ overall wealth situation
You develop personalised investment strategies
You select the right financial and property products
You negotiate with service providers and financial partners
You draft contracts and legal documents
You monitor the development of customer portfolios
You anticipate regulatory and tax changes
You develop your customer portfolio
Qualifications
The qualities and skills needed to be a good asset manager
Financial and legal expertise
You have a thorough understanding of property law, taxation and investment products. This technical expertise enables you to propose optimal solutions and secure asset transactions.
Interpersonal and commercial skills
Your ability to listen and negotiate is essential if you are to win the loyalty of a demanding clientele. You know how to simplify complex concepts and inspire confidence in your strategic recommendations.
Rigour and organisation
You will manage several client accounts simultaneously, while complying with regulatory constraints. Your organisational skills and responsiveness guarantee impeccable monitoring of wealth portfolios.
The benefits
What are the advantages of becoming a wealth manager?
This business gives you a direct impact on your clients’ financial success. You play an active role in building up and passing on family wealth. The wealth management sector is experiencing sustained growth, driven by the increase in the number of wealthy clients and the growing complexity of financial products.
Your technical expertise is highly valued and recognised in the market. You will enjoy considerable autonomy in managing your customer portfolio. Your career prospects will take you towards positions as wealth management client manager, specialised bank branch manager, or towards entrepreneurship as an independent wealth management consultant.
Remuneration
Wealth management manager: salary and career development
The job offers attractive remuneration, which rises significantly with experience. At the start of your career, you can expect a salary of €30,000. After a few years’ experience, this salary rises to €50,000, with experienced staff earning up to €80,000 gross per year.
In addition, there are often significant benefits: target-based bonuses that can amount to 20-30% of the fixed salary, a company car and reduced working hours. Your career prospects will take you towards positions such as asset manager or specialist branch manager.
Up to
80 000€
Salary per year
Training courses
How can I become an asset manager?
Our training courses
A solid education in finance, management, law or wealth engineering at a recognised business school is essential for a career in wealth management. INSEEC offers you a course of excellence tailored to the requirements of the wealth management and real estate sector.
For example, you can opt for the:
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