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The Nature of the Work: Markets, Analysis, Sales, and Interpersonal Skills Wealth management (WM) requires broader knowledge of the financialmarkets since you may have to advise clients on everything from their portfolio allocations to upcoming tax changes.
This great report from market strategist Michael Cembalest at JPM makes clear how much of an outlier SVB was: The argument that “the Fed lied” about raising interest rates, so everything is the Fed’s fault, is ridiculous because it’s not the Fed’s job to provide investor guidance. Venture capital firms also deserve some of the blame here.
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