What screams ‘status’ on Wall Street? Here’s how the movers and shakers of finance are spending their money.

Home organizers

Wall Street executives have no shortage of personal assistants and staff, said Cadmus, because every moment of their time is worth thousands of dollars.

“Everybody that I work with has at least one person, if not multiple people, in their home all day long attending to X, Y, or Z,” Cadmus told BI. “There are assemblies of nannies, home cleaners, and chefs.”

Lately, there has been a new trendy addition to the usual in-home lineup — that of the “home organizer.”

Think Marie Kondo — someone who comes into your home, takes a good look around, and crafts a custom organization plan to make your space user-friendly and effortlessly neat.

“I would say over the last five years, I’ve seen people leaning into that sort of service more, and I’d never really seen a ton of that,” Cadmus said.

This person might, for example, put custom inserts for your kitchen cabinets so your Le Creuset pots fit seamlessly. But an organizer tackles just about any space you could conjure up, from a pantry to the coat closet or your kid’s playroom.

“People do want to feel more connected to the items in their home, and they do want to feel a sense that things need to have a purpose and they need to be organized,” Cadmus said.

Zegna sneakers

A PR expert who works in the industry said they have seen a trend in one particular shoe recently among very high-ranking execs in the office: Zegna’s “triple stitch” sneakers. The leather version (pictured below) costs about $1,300 per pair and come in a ton of colors. An espadrille version of the shoe was also a hot summer pick, this person said, and costs about $1,100.

Cadmus likes Zegna for men’s off-the-rack suits, but for office-friendly sneakers she recommends the Tom Ford nylon and suede sneakers in black and white, which she described as “heavy lifters” for her clients.

Overhauling the homestead

Cadmus has also observed an uptick in clients going all out to make their homes truly their own.

“Most of my clients have apartments that were originally two or three separate apartments that they had renovated to become one,” said Cadmus.

The same goes for their other properties. It’s not surprising that high-earners on Wall Street would have second homes (or, in many cases, multiple). But it’s not just buying a great place that’s a status symbol — it’s having a whole team behind every facet of its construction and design, said Cadmus. That means, for example, hiring a renowned architect for the project and a best-in-class interior designer to outfit the home with luxurious furnishings.

“It’s a major production. It’s not like, ‘Okay, we’re just going to snatch this thing up and live in it as is.’ It is a major overhaul.”

The Hamptons

The beach towns of the Hamptons have long been a Wall Street favorite thanks to their proximity to Manhattan. They remain a popular spot for summer trips and second homes, Cadmus said.

Even juniors tend to rent out homes in Montauk and split the cost to get in on the fun, said a former banking analyst who recently quit. Indeed, in the summer, the train from Manhattan to Montauk is “full of finance people on their phone arguing about a deal and legal docs and clacking on their laptops,” added the private-equity junior.

Nantucket and Cape Cod, according to Cadmus, are also popular but less cliche choices for second-home locations.