On November 2 GTE hosted John Nolan for lunch and a discussion about his career, asset management, and current market trends. John is a Vice President of Retirement Solutions at PNC’s Institutional Asset Management Group. He is a graduate of Xavier University. From there he began working at Fidelity Investments as a High Net Worth Financial Representative. He then became the Vice President of Sales and Marketing at Coffing Data Warehousing after he met his wife. Later he would move on to be a Financial Advisor at PNC before moving into his current position. He is also working towards completing the CFA designation.
John shared some insights into the types of work in the asset management space, such as the difference between personal and institutional asset management. He talked about the different types of customers that each side will work with and some of their tendencies, such as institutional customers being less reactionary than personal customers in volatile markets. He also compared the different roles available, like sales and advisory, portfolio management, or leadership. He said that portfolio management is a more individual role in which you are responsible for yourself and your portfolio. Sales and Advisory is a customer facing role in which you will deal with many different situations and on a daily basis. Leadership roles put you in charge of a group of people in one of the previous roles, whether it be in a broad or specific area. He also spoke about more broad trends in the market, like types of investing and different investment products available. He spoke about the differences between passive and active investing and the momentum around passive investing. He also explained different retirement accounts such as IRA’s, Roth IRA’s, 401k’s, and Target Date Funds.
John was adamant that he is willing to talk with anybody about PNC and potential positions there. He is more than happy to receive emails with questions about such things. He also gave a bit of advice around the CFA designation, if you plan to do it, start it sooner rather than later. We thank John for joining us and his wonderful talk and advice.