Hiring Pulse
Books with fee yield, Alts penetration and credit usage command premium terms.
Hot roles
- UHNW Banker
- Team Lead LatAm
- Credit-led PB
Hot skills
- Private credit
- Secondaries/Alts
- Complex lending
PRIVATE BANKING · NEW YORK
Move your book to New York with confidence.
Premier US wealth centre with fierce competition among wirehouses, global private banks and ultra-lean multi-family offices.
At a Glance
High-signal facts to orient quickly in the New York private banking market.
Focus
Onshore UHNW
Deal Style
Alts + Credit + IB
Languages
EN
ES/PT a plus
Comp Shape
High variable + deferrals
Why Private Bankers Move to New York
New York is the core hub for US-taxable wealth and complex household-level planning. Senior advisers base themselves here to sit close to capital markets desks, product specialists and a dense ecosystem of lawyers, accountants and estate-planning experts.
SEC/FINRA-supervised platforms look for advisers who can build long-term, planning-led relationships rather than purely transaction-driven business. The upside for senior bankers is the ability to anchor themselves at the centre of sophisticated, multi-generational balance sheets across the US and wider Americas.
- • Household-centric model: multi-entity, multi-account relationships built on planning and advice.
- • Capital markets proximity: daily interaction with product, research and deal specialists.
- • Complex tax environment: opportunity to work with high-quality tax and legal advisers on advanced structures.
- • LatAm & global links: many New York desks connect US clients with international family members and assets.
You can review New York private banker roles or submit your profile confidentially for upcoming mandates. For a more detailed conversation, contact us and use the Business Plan Simulator to test revenue and portability assumptions into the US platform.
Compensation & Bonus Benchmarks
Directional ranges for mid-senior Relationship Managers through team leadership. Actual offers vary by portable book, ROA, product mix and firm performance.
| Role | Base (low) | Base (high) | Typical bonus | Top-quartile note |
|---|---|---|---|---|
| RM / Private Banker | $180,000 | $250,000 | 40–90% | — |
| Senior RM / Director | $220,000 | $350,000 | 50–125% | — |
| Team Lead / Market Head | $280,000 | $450,000 | 60–150% | — |
Licensing & Compliance
Regulator, certifications and key compliance expectations for private bankers in New York.
Regulator
SEC/FINRA (United States)
Must-have certifications
- Series 7
- Series 66 (or 63 + 65)
- Insurance licences for certain products
Reg BI, robust AML/KYC and household-level suitability are central. Some boutiques use revenue-share/1099 frameworks.
Client Base & Sourcing
Where growth typically comes from and what matters on the ground in New York.
- US-taxable entrepreneurs, PE/hedge fund principals and C-suite executives
- Cross-border LatAm/EU/Asia inflows into US structures
- High sophistication: Alts, private credit, complex lending and structured solutions
Banking Ecosystem in New York
Key booking centres, leading private banking platforms and the independent wealth ecosystem you will interact with if you move your book to New York.
Booking / execution
- New York
- Miami
- Delaware trusts
- Zurich
- Geneva
Key private banking platforms
- J.P. Morgan Private Bank
- Morgan Stanley Private Wealth Management
- Goldman Sachs Private Wealth Management
- Citi Private Bank
- UBS Private Wealth Management
- Credit Suisse legacy (UBS integration)
- Northern Trust
EAMs & family offices
- US-registered RIAs focused on UHNW
- New York-based multi-family offices
Regulators: SEC (Securities and Exchange Commission) • FINRA
Relocation & Tax
NYC packages often combine meaningful variable compensation with deferrals. State/city tax, housing and schooling should be evaluated in net terms, not just base/bonus headline figures.
For Private Bankers in New York
Share a high-level overview of your book, ROA and target platform profile. We only approach institutions where your franchise is genuinely strategic.
For Hiring Managers
We provide calibrated market mapping, vetted shortlists with real portability and structured business cases that stand up in internal approvals.
Compensation ranges are directional benchmarks for 2025 private banking roles (mid-senior RM to team lead). Final offers vary by portable book, ROA, lending penetration, alternatives distribution, compliance history, and firm performance. Figures are not an offer and are provided for guidance only.