What is estate planning, and what role does a wealth manager typically play in it?

Estate planning involves arranging how a client's assets will be managed and transferred, both during incapacity and after death, in a way that reflects their wishes and minimizes unnecessary taxes or legal complications. Wealth managers typically coordinate with estate attorneys and tax professionals, helping structure the client's investments and accounts to support the overall estate plan.

2023

Arm's IPO Was the Biggest of the Year

Chip designer Arm Holdings went public in September 2023, raising roughly 4.9 billion dollars in the largest IPO of the year and valuing the company at about 54 billion dollars. Arm's designs sit inside nearly every smartphone chip in the world, and the IPO came after a failed attempt by Nvidia to buy the company outright, a deal regulators blocked over competition concerns. The listing was closely watched as a test of whether investors still had an appetite for big tech IPOs after a slow couple of years.

A Day in the Life of an IB Analyst

9:00 AM: check overnight emails and market news before the desk gets busy. 10:00 AM to 6:00 PM: calls, meetings and requests stack up, often faster than they get resolved. 7:00 PM: the real modeling and deck work usually starts once senior bankers finish their own meetings and send feedback. Midnight to 2:00 AM: formatting slides, fixing a model, and waiting on one more round of comments before finally heading home.