Welcome to another episode of our video series, where we discuss important topics related to wealth and investment management. Today we’ll look at how to make the transition from public accounting to private wealth.
We are often contacted by professionals in public accounting who are looking to move into private wealth. The benefits are lucrative: No more billable hours, tax seasons, or compliance means a career shift toward more research and planning-driven roles with extensive client contact. Keep in mind, these are not commission-based sales roles, but high net worth advisory opportunities in single and multi-family offices, as well as in larger banks and trust companies.
These roles exist all over the country and our clients are often looking for top talent. To acquire a role like this, there are certain ways to best position yourself for the transition.
You’re demonstrating to employers that you’ve put serious time and thought into their industry.
First of all, a CPA is critical. Oftentimes, people either don’t sit for the CPA or acquire an EA instead. It’s functional, but it holds nowhere near the amount of influence that a CPA carries in private wealth.
Second, the CFP is highly regarded in many firms. While a CPA opens the door, the CFP shows you’re committed to the industry. Earning a CFP is only a small challenge to those used to working 80- to 100-hour weeks and building toward a CPA. It will introduce new concepts of investment advisory, asset allocation, and insurance, and it also proves determination and commitment. Even if you’re only enrolled and working toward your certification, you’re demonstrating to employers that you’ve put serious time and thought into their industry.
By acquiring these certifications, you’ll surely be able to gain an edge over the competition. If you have any questions, would like to schedule a consultation, or have ideas you’d like to see covered in our series, we invite you to contact us.
Leah Yosef International is a boutique executive search firm specializing in the private wealth and investment management arena, catering to single/multi-family offices and registered investment advisory (RIA) firms nationwide.
With a proven track record of success, Leah Yosef International delivers premier talent, placing financial advisors, relationship managers, investment managers, subject-matter experts, and directors and C-level leaders in operational, investment, and compliance roles.
Sanford Rose Associates® is comprised of an elite network of independently-owned executive search firms who provide personal service and undivided attention to our clients and candidates. Our affiliations with the International Executive Search Federation, Kaye/Bassman International, Next Level Exchange and Next Level Marketing Communications provide our clients a unique foundation that does not exist anywhere else in the search industry today.
Sanford Rose Associates is ranked as the 10th Largest U.S. Search Firm by Executive Search Review, demonstrating our ability to deliver the caliber of talent that our clients both require and deserve.
Over the past 60+ years, Sanford Rose Associates has maintained an exclusive network of offices who remain unparalleled in terms of professionalism, performance and service that exceeds our clients’ expectations.