Are there any special funds for partners at the Big4? Afraid I have to sell off a ton of my stock portfolio once I join the partnerships?

Partners: where do you park your money?

like
Posting as :
works at
You are currently posting as works at

In the firm and s&p 500

like

PWC, based on independence rules, if you’re a manager or above you are already a member of the firm and thus you likely would already be subject to rules regarding your holdings. They don’t generally get much more stringent at the partnership level, but there is some more rules for partners serving in the same office as the lead audit partner and if you’re in the chain of command. That being said, there is some return on partner capital and other cash left in the partnership, but it’s not designed as a substitute for an investment portfolio. Probably a little different for each firm.

like

Depends on the office. I had to sell some stocks when I made partner, but they run your Checkpoint items under the partner level restrictions and give you a month or two to sell those positions. If I recall you had to be partner level independent by sometime in March before the July you are admitted.

like

Some firms have programs that you can invest your excess cash in. Beyond that, I mostly use Index or industry target funds, since those are allowable.

like

We have a safe list of ETF and brokers that we essentially keep clean to ensure you don’t need to sell appreciated securities due to independence issues. Schwab and WisdomTree are some of what I use in my personal portfolio.

Related Posts

My portfolio is officially positive again compared to 3 months ago. Mostly ETFs, beta should be pretty close to market. Wall Street can be disgusting, I literally hear sirens out my window all day

like

FYI: For those using SOFI for student loan payments. If you pay ahead it will auto charge interest into the extra payments unless you specify that the additional charges only be applied to the cont.

helpful

Leaving it here if anyone is interested in buying a home in Bucktown , Chicago. I will be closing getting all offers by tomorrow, happy to extend showings for tomorrow … 3 bed, 3.5 bath Tri floor unit with indoor parking and extra storage unit, roof deck , wired surround sound in home on all floors … everything you can ask for in a Bucktown living… h_ttps://www.atproperties.com/11414970/2300-w-armitage-avenue-8-chicago-illinois-60647-nei?agent=2894&ref=TQK&ts=1653854714

like

Does anyone have SEP IRA? Investment advisor recommended for my LLC. he said it can be an account I contribute to that would lower my total EOY earnings for taxes

like

Big legends Guide to Three-Fund Portfolio. Yay or nay? Additionally, please share personal finance books that you recommend to newbies! Thank you and happy holidays!!✨

like

Anyone buying Uber stock? What do you think about the prospect?

How long before switching job? I have 2 years of HR Experience (1 year from each job) and I want to get more money.

like

Hi all- I’m new to real estate investing. What are some books/ reading materials you would recommend to learn about selecting the right investment property, things to look out for, laws etc.?

like

Any Canadians who lateraled to the US in 2021 have any advice on filing cross border taxes? I’ve been quoted an absurdly high rate by a a mid size accounting firm. Just want to file my taxes with someone competent to avoid any issues/high tax return given large signing bonus and jump in pay. Any referrals to good cross border accountants at a reasonable rate?

like

Investors, how much do you put into your STocks ISA each month, how much do you have and what do you use to evaluate where to allocate funds? Any good websites or materials?

like

I was offered a position at fidelity. Now when I trade on behalf of a client, will I get commissions for that trade?

like

Once you have PR is there any restriction on getting a visitor or traveler visa to USA ? Will need to give up my H1B in US when I move full-time to Canada but might need to return to settle estate

Curious about net worth milestones. How long did it take you to go from 100k - 1m? What was your “story” (income/savings rate/asset allocation)? I realize many probably achieved this in the bull market we’ve been in, but still curious.

likesmartfunny

What’s happening with Unity (U) the stock price went up by 13.5% yesterday. Is it a good buy now?

like

If you don't need the money, do you leave the equity you've gained in your home? Or still try to take it out and invest elsewhere?

like

Me the next time I’m going through TSA

Post Photo
likefunny

Is money the biggest motivator?

Anyone using St Jame’s Place affiliates like Pinnacle as wealth managers to help with investment planning? On paper looks decent but not entirely convinced. Any recommendations around investment planners/managers much appreciated.

like

Anyone investing in SHIBA want to come together to develop a gaming app to help with the burning process?

like

From EPS how much pension one can expect?

like

More Posts

How is the job role of tcs business analyst - payment domain.? Current CTC: 8.65 counter offer of 17.5lpa but RPA BA Tcs (discussion going on): 16lpa including variables (even after considering a counter offer) but fullly SLDC BA role

Is it worth to accept TCS offer as i will get the opportunity to learn and work as a a full-fledged BA

like

I feel like I have too much empathy for people that don’t necessarily treat me right, and I do things I don’t really want to do because I try to understand/preserve their feelings. Anyone ever feel the same?

like

Does anyone know any site that focuses on freelance work in Ad Operations or Media Operations?

Cable out at our SPG property this week. Points? Who should we contact? Thanks!

like

Reaaaaaaally struggling coming into my second year as an associate. Like am at a spot where there’s an associate underneath me and a senior above me and I just feel like there’s no space for me on my team and I want off of it. 😂

like

What hotel Sap labs banglore provides for relocation 15days accommodation?

like

I am looking to start studying for GMAT and have old 2016 Manhattan books (with expired tests 😭). Any suggestions on what books and resources to use? Anyone have a good study plan to share?

like

What is a good stock vesting schedule?

like

Where are the young, diverse adult churches in Dallas (except for Upperroom)?

likefunny

I have 8.5 years of experience in oracle domain and Capgemini has offered me 14 LPA fixed 1.5 var and 50k joining bonus as a senior consultant C1. Am I underpaid?

like

I keep seeing Product Manager more and more these days. Is it a fancy way to say it's a PMO role? What do the responsibilities entail?

like

Have you ever been afraid of how much you love something? This may sound silly, but I feel that way about my dog. If something were to happen to him I would be destroyed. I don’t know what I would do.

Post Photo
like

Looking to invest about $20k with low risk. Any recs? Was thinking a vanguard fund

like

Hello and welcome! I’ll start - if you were recently laid off in fintech, my fintech (in Chicago and some in SLC) is hiring! Lots and lots of jobs. Please reach out!

like

I got an offer to work as a salesperson at a 3 person tech startup. What are the pros and cons?

like

Will the 4th of July become an end of Coronavirus party? I feel like those celebrations will, realistically, be the effective end of lockdown. They can take our (small f) freedom, but not our FREEDOM 🇺🇸🇺🇸🇺🇸🇺🇸

likefunny

Anyone hiring an ACD? I may be relocating here ‘cause my wife is accepting a position at Target. How many agencies are there?

like

Which firms in Chicago have the strongest FDD practice?

like

Salary range for the following: SC in Federal. Master’s in Analytics. LSS Master Black cert. MBA from top 25. 7-8 years exp.

like

Additional Posts in Partner One

Is the partner life worth the struggle? How many of you had serious doubts at the senior manager / principal level but pushed through? How happy are the ones that bailed?

likefunny

Practice has been growing rapidly but I’ve been in a rut as a few projects went on ice due to COVID, and have been swinging and missing on BD. In parallel, my Practice Leader has been crazy busy because of said growth and has missed last few check-ins with me. He’s also my main PPMD sponsor. So am feeling demotivated and a little unloved. Trying not to take it personally, but any tips on how I can get out of this rut?

likehelpful

Partners, other than sales and staff development, what’s a few goals you focus on each year?

like

Have >$10M in financial assets and joining B4 as Partner. Can Partners DM me with recommendations of lawyers you’ve worked with that are well-versed in review and interpretation of B4 independence policies? Cheers

like

Do clients ask for fixed price or T&M contracts or do you as PPD negotiate them into one or the other ?

like

Sell millions of dollars of work for a few years.

like

Wife and kid are going to be out of town for the next 2 weeks. Instead of wasting time, I’d like to do something productive. What would you do if you have say 3+ hours a day. Maybe self help, wealth creation type books, work out daily, take care of some things around the house.

like

When did you know you wanted to become a Partner and stick it out with consulting? (More context...)

like

Spend so much time managing people’s feelings and mood to get work or get work done. So exhausting, I am ok with machines replacing us all.

likesmartfunny

What advice would you have wished your young selves to know?

like

25% increase base offer to move from Accenture SM to Deloitte SM. Thoughts? How do experienced hire SMs fare at Deloitte? Not on ACN short list

like

Partners, a program manager running a large, newer account (with a lot of potential) is rolling off, and I have been asked to be the replacement. Any advice for taking over a new team at a new client?

like

At what age did you sell your first project?

like

Is it true new partners at PwC are making 550-600k? Are there big differences in Partner Comp between Big Four?

like

Hiya! I was wondering if anyone here has any good recommendations in terms of books or learning material that I can pick up to learn about sales and marketing relevant to the consulting industry?

like

Partners, what do you look for in a Senior Consultant/Manager? What qualities or actions would make you want to support their career ambitions?

like

Partners, what year of partnership did you cross $1M total comp. and has it been above since?

like

Is it better to be a Partner in tech than in healthcare because you would hit your annual sales goals faster? Rationale being that tech just has more money to spend.

like

Partners please I need some motivation. 🔥How much should I expect to make if I work my butt off for the firm for at least 13+ years and blessed to make Partner one day?

like