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My Summer at Private Capital Group by Dylan Kim

| August 27, 2021
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For the past six-plus weeks, Private Capital Group welcomed summer intern Dylan Kim, entering his third year at Yale University, as part of our family. Dylan earned his internship in the spring and embraced our program with a drive to learn more about wealth management and get a real feel for the many roles and responsibilities required to make Private Capital Group client-first focused and intent on delivering sound financial advice and exceeding client experience expectations.


The PCG Summer Internship Program is specifically designed to allow thoughtful and qualified college-age individuals the opportunity to take a deeper dive into the world of wealth management, financial planning, client services, and operations. Dylan did just that, eagerly adopting a hands-on approach by dedicating time with each department manager and team to gain a better understanding of our industry. In keeping with our modified working environments and schedules, PCG was happy to extend our hybrid model to the internship program with partial remote and partial in-office opportunities and project work.


We invite you to read Dylan’s personal account of his summer internship.


My Summer at Private Capital Group

by Dylan Kim

 



I learned about Private Capital Group by chance. One of my friends attending another university saw an internship posting on the school’s job board; knowing that I had a great interest in the world of wealth management, she sent the post my way. Now, after I have completed the summer internship program, I couldn’t be more grateful to have stumbled upon and taken part in such a well-organized and thought-out program. I need not mention the tremendous effort that the Private Capital Group team put into developing a hybrid, flexible internship program during the unpredictable ebbs and flows of the SARS-CoV-2 pandemic. From the very first conversation I had in the recruiting process, Private Capital Group embodied the cultural fit I sought: class, professionalism, a constant willingness to teach, and most importantly, kindness. The summer provided the unique opportunity to learn the ins and outs of wealth management from experienced professionals while also building relationships within Private Capital Group’s close-knit environment.


Admittedly, at the start, I didn’t know much about wealth management. I fell into the common trap of believing that the job consists mainly of evaluating and investing in different securities on behalf of clients. Over the course of the last six weeks, however, I completed rotations with Private Capital Group’s Client Service, Operations, Portfolio Management, and Financial Planning experts, and saw firsthand how my initial understanding didn’t come close to scratching the surface of the value that Private Capital Group provides to its clients.


The first portion of the internship was spent working closely with Chris Izmirlian, Private Capital Group’s Marketing Manager. Chris led me through the onboarding process, taking the time to ensure that I had the proper training and knowledge with all of PCG’s technologies. Private Capital Group also sponsored my enrollment in an online course through Envestnet, in which I learned the important foundations of managed investment solutions. When the first rotation of the internship came, I was more than well-prepared.


After going through the onboarding process with Chris, I spent the first two weeks of my summer working with Danielle Chouinard, Private Capital Group’s Client Relationship Manager and Samantha Powers, Private Capital Group’s Operations Manager. During those weeks, I truly saw how much value PCG adds for its clients. With the opportunity to sit in on internal meetings, I learned to appreciate all the work that goes on behind the scenes. Whether it’s preparing necessary paperwork or initiating transactions, Private Capital Group’s client relationship specialists put in immense effort to make sure that they do right by their clients and get the job done right.


The second rotation period of the summer was in portfolio management with Matt Pranaitis, an Investment Analyst and Associate Wealth Advisor. Matt brings a great wealth of knowledge to the team. Together, he walked me through the day-to-day tasks that he manages: portfolio construction, rebalancing, and stress-testing; cash flow and balance sheet management; ESG investing, and more. While this undoubtedly opened my eyes to all the different considerations to have in mind while investing, I also saw the intangible characteristics required of the role: attention to detail, precision in execution, and thoughtful due diligence.


Finally, I ended my summer with the third and final rotation: financial planning. Working closely with Jared Costigan, PCG’s Financial Planning Analyst and Wealth Advisor, and Amy Miller, PCG’s Director of Wealth Management, I got a bird’s-eye view of the many ways that PCG helps clients achieve their goals: estate planning, asset allocation, financial model-building, life insurance analysis, and more. I witnessed how dedicated Private Capital Group’s advisors are to ensuring that each client has peace of mind.


Over the entire internship, I also worked on a project with a larger scope. Introduced as the question, “Who does Private Capital Group serve?” I worked to help PCG better understand its partnerships by analyzing demographic and financial data across its diverse client base. This project was a fantastic learning experience. The Private Capital Group team gave me a lot of leeway to develop my own approach to the task. While I had freedom to answer the question in whatever way I found most effective, there was always someone to turn to for help. The completed project, in turn, will help PCG better serve its clients in the long run.


This summer was an invaluable experience; not only do I find myself well-prepared to enter a career in the financial services industry, but I also found the side benefit of better understanding the sheer value that financial planning brings to individuals. It’s not just about picking which securities will make money, it’s about building a close relationship with their client and allowing them to relax knowing that their finances are in good hands. Private Capital Group’s commitment to its clients extends beyond business, though; PCG invests heavily in building local communities. The team encouraged me to volunteer with a local group—Southbury Land Trust—to spend time giving back to my local community by maintaining local nature reserves and trail systems. I am so grateful to have spent my summer at Private Capital Group, and I have no doubt that the lessons I’ve learned during this internship will endure throughout my professional career!


I hope that others find themselves as lucky as I was to have the experience that I did this summer.


I am more than happy to chat more about my time at Private Capital Group. If you’d like to learn more about the internship or recruiting process, please don’t hesitate to reach out!


Mobile: (203) 240-9544

Email: dylan.kim@yale.edu

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