Chapter 412: Reception Mission
"Gao, how long will it take to apply for a PM account at Goldman Sachs at the earliest?"
"To simplify the procedure, about three weeks. Gao Yunfei didn't raise his head, he is now planning to transition to the role of private financial advisor, and he can't wait to go without sleep 24 hours a day, but unfortunately this can only be an extravagant hope.
As an investment advisor, you may have a better chance of success at Goldman Sachs.
If you have an accurate vision, you can gain more customer trust, which is better than simply maintaining customer relationships.
Starting from the bottom, three or five years may not be able to cultivate a customer, if you follow the step-by-step process, you may be able to become an MD after one or two decades, but the greater probability is to be eliminated, which is also the final outcome of many financial dogs.
Gao Yunfeng has work experience as a senior financial analyst, and he himself got an MBA from a well-known business school, so the transformation is also a logical thing.
"It's faster, I've seen everything done in 10 days. Bahadwaki should have heard the conversation between the two and suddenly interjected.
"So fast?" Chen Qiaoshan couldn't help but ask: "It will take a month to go through various procedures at the earliest, right?"
Gao Yunfei said with a smile: "Wall Street pays the most attention to efficiency, especially the rich. ”
The Indian said: "Chen, you must know that we are for the service of capital, the customer is the performance, as long as the performance can be obtained, any rules can be abandoned." ”
Chen Qiaoshan asked again: "Are our account opening conditions set to death?"
"That's not necessary, as long as you meet certain standards, the financial restrictions can be relaxed. Gao Yunfei did not hide it, "Chen, don't underestimate PM, although it is not as large as IBD or investment banking department, but in fact, we are the largest source of customers for other departments of Goldman Sachs." ”
Chen Qiaoshan didn't understand the meaning of his words, "Why do you say that?"
Bahadwaki said with a smile: "That's because PM's clients are either the bosses of listed companies, or the behind-the-scenes controllers of funds, or successful people in various industries, whether these people want to raise funds or want to invest, with the credibility of Goldman Sachs, they must contact us at the first time, and then we will communicate with other departments." ”
"What if it's a private account opening?" Chen Qiaoshan asked again.
Gao Yunfei finally stopped what he was doing and glanced up at Chen Qiaoshan, "What, do you have a customer in your hand?"
Bahadwaki and Wang Feng were a little surprised, they were in the same office, and they had long been familiar with each other, if Chen Qiaoshan knew friends who could come up with tens of millions of spare money, they would definitely not believe it.
The so-called high net worth is not that you are a high-net-worth person with a net worth of more than 100 million, but that the investable assets exceed a certain limit.
Goldman Sachs alone not only has a minimum account opening limit, but also a minimum net worth limit for private banking customers, as well as a liquidity limit, which must be met before an account is opened.
In these years, not everyone can come up with millions of cash, and most entrepreneurs rely on financing support in the early stage.
To put it bluntly, those who are eligible to be shortlisted must be leaders in various industries, and even if the access conditions are relaxed, it is not to make profits from them, on the contrary, they have to go to great lengths to preserve and increase the value of their assets, so as to establish close ties, in order to be able to take the lead in a financing or IPO, which is the ultimate goal of Goldman Sachs.
Chen Qiaoshan smiled: "No, I'm just curious and want to find out." ”
"If you're just making basic investments, I recommend UBS, Lehman or Merrill Lynch, which have a low barrier to entry and can cater to all types of clients, while Goldman Sachs only caters to institutional investors and high-net-worth clients. ”
Chen Qiaoshan understands that Gao Yunfei is telling the truth, but if he really invests the money in Lehman as he said, he will probably not be able to find a place to cry in a few years.
In the next round of financial crisis, Lehman went bankrupt, and 16 underwriting banks in Hong Kong undertook more than 30,000 Lehman customers' compensation and repaid about $1.7 billion in principal, and it was not enough to compensate, and the interest was not even a penny, and the losses in this can be imagined.
"Chen, don't think about it, if you want to become a private client of Goldman Sachs, we still have a chance to work hard for 20 years. The Indian interjected again, which caused several people to laugh.
Goldman Sachs has a lot of grassroots positions, only one analyst position, divided into operational analysts, financial analysts, technical analysts and investment banking analysts, the salary is also huge, IBD is more than 40% higher than the salary of operational analysts, even so, it is not easy to step into high-net-worth individuals.
The reason why Chen Qiaoshan inquired about these situations was also to find a foreign aid.
To do international crude oil futures, it is not enough to pay the tuition fee rashly, and an institution like Goldman Sachs has professional traders and analysts.
Although Goldman Sachs cannot accurately predict the future trend, if the market changes slightly, they will definitely be able to find the problem at the first time and give professional advice, which is undoubtedly a hundred times stronger than Chen Qiaoshan alone.
The threshold of Goldman Sachs is too high, and Chen Qiaoshan will definitely not be able to enter in the short term.
And that's not all, funding is also a big problem.
If you want to take the opportunity to make a profit, it is definitely not possible to have no capital, and the key is that Chen Qiaoshan can't have much money on hand.
Although there are still a few million in the country, it is not so easy to get them out in the short term, and most of them have already had budgets.
The merger and acquisition funds of NSFOCUS can be allocated in installments, but it will not take long, and it will be another expenditure to dig Dong Ying from Han's Laser, and there will be an upcoming stationmaster conference......
Thinking about it carefully, Chen Qiaoshan has a bit of a headache.
James walked out of the office, "Chen, there's something for you. ”
Chen Qiaoshan was a little strange, in the past two days, the white VP rarely assigned him work, why did he suddenly remember to arrange a job for him, "James, what's the matter?"
"A private client comes to Hong Kong, and you are responsible for receiving it. ”
As soon as James finished speaking, the eyes of the other three instantly focused on the two of them.
It's no wonder they've never seen James hand over a client to someone else for so long, especially as an intern.
James also noticed the unusual reaction in the office, he straightened his tie unnaturally, and then said: "To be precise, the client's family, from the UK, is expected to stay in Hong Kong for three days, and you are responsible for the entire itinerary in Hong Kong." ”
Chen Qiaoshan was speechless, "We also provide personal butler service?"
"Chen, that's what we do, from Bikini, to party to yacht party, as long as our customers have a need, we have to meet them," James said. ”
Chen Qiaoshan was quite speechless, no matter what line of work he was in, it was not easy to get out of the way.
He had heard before that during the Oscar selection in the domestic financial circle, a sell-side research team had a Huangpu River yacht party, which was said to cost a lot of money, which was much higher than the cheongsam show and shopping karaoke tickets, but he didn't expect Goldman Sachs to have this kind of service.
Chen Qiaoshan glanced at Gao Yunfei and the Indian, both of whom looked very approving.
"Chen, if there's a party, don't forget to give us a few invitations. Bahadwaki liked to join in the fun, and as soon as the task was over, he came over to say hello.
James cleared his throat, "This time the situation is special. ”
Chen Qiaoshan asked, "What's wrong?"
"You're hosting three people, the main target is the client's daughter, the remaining one is her temporary guardian, and the other is her classmate. ”
"Guardian?" Chen Qiaoshan was surprised, "The other party is underage?"
"Uh, yes. James nodded, "The little girl studying in the UK, the information shows that she is only thirteen years old, and it was arranged by Rob at the beginning, and they came to Hong Kong for tourism." ”
Chen Qiaoshan knows that Rob in James's mouth is the MD of this team, who stays in Manhattan all the year round, and he can come forward in person, and the level of the customer should not be low.
"James, is it appropriate for me to come forward to receive you?" Chen Qiaoshan didn't want to take on this errand, a rich child of twelve or thirteen years old, and he knew how troublesome it was.
"Chen, our team is the most suitable for you. James was not polite at all, and directly sat down with the previous arrangement, causing several people on the side to nod again and again.
I also know that James is reluctant to come forward, someone has to do it, and the common sense that dead friends are not dead and poor is common everywhere.
Chen Qiaoshan had no choice but to agree to it, and then he asked again, "Who is that person?"
"endy on. ”
is a very unfamiliar name, it is still an English name, and Chen Qiaoshan can't remember any big guy with the surname Yu in his mind.
He gave up the idea of getting to the bottom of it, there are more rich people in China, and it is definitely impossible to admit it all, so he can only take one step at a time.
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