How Much Time Does A Big Time Investment Firm’s Financial Consultant Devote to Your Account?
Most financial consultants that work for a large global investment firm need about U.S. $50 million of assets under management to make a decent living in a metropolitan region.
Using this as a benchmark, lets break down what this figure means to you as a client. Its highly unlikely that a financial consultant has clients that all have accounts of $1 million or more, so lets assume that he or she does not accept clients with
less than U.S. $250,000. This could create a hypothetical tier of clients as follows.
20 clients with accounts between U.S. $250,000- $500,000 for a cumulative asset size of $ 7,000,000;
50 clients with accounts between U.S. $500,000- $1,000,000 for a cumulative asset size of $32,000,000; and
7 clients with accounts of U.S. $1,000,000 + for a cumulative asset size of $11,000,000
77 total accounts worth $50,000,000
So its fairly reasonable to think that a successful financial consultant has 77 clients with U.S. $50,000,000 of assets under management.
Now lets calculate how many hours a year this...
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