The Wall Street Skinny cover image

The Wall Street Skinny

149. Private Wealth Management 102: RIAs vs. PWM in House at a Big Bank ("Wirehouse") feat. Susan Moffat

Mar 22, 2025
Susan Moffitt, co-founder and president of Curated Wealth Partners, dives into the fascinating world of wealth management. She discusses the stark contrasts between wirehouses and independent RIAs, offering insights into the multifamily office model. Moffitt shares her journey through finance, revealing tips for navigating career changes and the importance of personalized service for ultra-high-net-worth clients. Tune in for her thoughts on the evolving landscape of wealth management and the essential skills needed for success in this competitive field.
01:34:20

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Susan Moffitt compares the personalized strategies of independent Registered Investment Advisors (RIAs) to the larger frameworks of wirehouses like JP Morgan.
  • Listeners learn about the critical role of networking in wealth management for career advancement and overcoming employment gaps.

Deep dives

Investment Opportunities on Public.com

Public.com offers a diverse platform for investing in stocks, options, bonds, and cryptocurrency, catering to various investor preferences. Among its attractive features are competitive yields, particularly for fixed-income investments, with accounts offering yields of 6% or higher. What sets Public apart is its focus on empowering users with informational tools, such as its AI tool, Alpha, which not only tracks asset movements but also explains the underlying factors driving performance. This approach enables investors to make informed decisions about their portfolios rather than simply reacting to market fluctuations.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode