James Gorman - Best Financial Advisor
Very often, many bibliographers ignore stories of success in the financial market that are not associated with the creation of their own companies and billion-dollar fortunes.
However, in our time, when the profession of a trader and manager no longer evokes so many controversial emotions, a good manager is simply worth his weight in gold for huge corporations.
Many of the greatest managers never owned their own hedge funds, but their fees were so large that they would be the envy of any large entrepreneur.
Moreover, when working in the world's largest corporations, a person receives no less income, and this despite the fact that there is absolutely no risk of loss of equity, unless force majeure circumstances are avoided.
Today there is practically no data about the early years and childhood of James Gorman, but only the dry dates and place of his birth. James was born on July 14, 1958 in Melbourne, Australia.
From his childhood he showed a great passion for learning, so his parents enrolled James in Xavier College, where only boys studied (a religious school).
Graduating from such an institution allowed him to continue his studies, so after graduating from college, James entered the University of Melbourne.
James combined two absolutely extraordinary personalities, namely, he had a huge passion for art and at the same time a practical mindset. That is why, upon graduation from the university, he receives two diplomas at once, namely a Bachelor of Arts and a Bachelor of Laws.
James Gorman enjoyed enormous prestige among both teachers and students, so during his studies he was recognized as the president of the student community.
First career. Getting a new education
Having received a law degree in hand, and having undoubtedly talents in law, he quickly gets a place in the law firm Phillips Fox and Masel.
After working there for some time and earning his first capital, he has a chance to leave Australia and move to the USA to receive additional education.
So, after moving to the states, he entered Columbia University and received a Master of Business Administration degree from Columbia Business School.
After graduating from Columbia, his first job was with McKinsey & Company, where he became a consultant.
The career ladder in this company developed at a fairly rapid pace, so after some time James Gorman received the status of senior financial partner and began actively consulting financial services around the world.
In 1999, James Gorman received a tempting offer from the largest investment bank Merrill Lynch to head the marketing department. James understood perfectly well that this position would be a huge springboard for him, so he agrees to the offer he received.
In addition to marketing itself, Gorman began to actively engage in research and development activities for the company, and also participated in the strategic planning of the company's development.
Naturally, the manager’s talents could not go unnoticed, so he received an offer to head the main division in the USA of the company, which he actually did, leading the company from 2001 to 2005.
At the age of 49 in 2006, James received a tempting offer from Morgan Stanley to become one of the leaders of the company and participate in its strategic planning.
After working for only one year in the company, in 2007 he received the status of president of the company, and the management of the company’s assets became his area of responsibility. In 2010, James became the company's CEO, and 2 years later in 2012, he became its chairman.
In 2009, James Gorman created the largest asset management platform by facilitating the merger of two giants, Morgan Stanley and Citi's.
After such a merger, the company began to employ more than 16 thousand financial advisors, and there were more than $1.8 trillion in client accounts. James Gorman's annual salary is more than $20 million, with his fee increasing annually.