The role of a Wealth Management Associate is to support Wealth Advisors and Portfolio Managers in working with clients and to understand managing client portfolios and financial planning. This role is task driven under the direction of the Wealth Advisor and Portfolio Manager on each client engagement. Associates are responsible for functions such as analysis, planning, meetings materials and follow up, client requested transactions, and general support.
Duties:
Work directly with Wealth Advisors and Portfolio Managers to construct and update wealth management deliverables such as client target asset allocations, cash flow plans/financial plans, statements of net worth, etc.
Gain proficiency in financial planning software to support Wealth Advisors and Portfolio Managers
Work directly with Wealth Advisors and Portfolio Managers to implement and monitor asset allocations using rebalancing software
Review assigned portfolios to ensure alignment with client investment objectives
Monitor positions, exposures and performance for client portfolios
Review of client account setup, funding, and account configuration in all software systems (internal and external)
Schedule and attend client meetings in a supporting, and / or learning role
Review quarterly client performance reports and financial plans/assumptions
Prepare and review client meeting materials for presentation
Draft follow up memos for client meetings and complete applicable tasks
Interface with custodian account representatives when necessary to complete account setup or client requested tasks
Cross train to provide support and back-up to other team members
Perform any other projects or one-off client requests as necessary
Support the Investment Committee and Sub Investment Committees
Opportunity to grow into a Senior Wealth Management Associate and, ultimately, Wealth Advisor role
Preferences for Position:
Proficiency in Microsoft Office (Excel, Word, PowerPoint)
4-Year college degree, preferably in the area of finance, accounting, tax, or economics
1-4 years of experience in the investment management, wealth management and/or financial services industry
Interest in professional accreditation. Desire to enroll/participate in the CFP program
Strong work ethic and personally motivated
Desire to work in a team environment
Ability to adhere to firm values of integrity, stewardship, and passion to assist clients
Good verbal and written communication skills
Excellent problem-solving skills
Ability to be detail oriented and analytical
Majority "in office" position with partial remote options
Benefits:
Competitive salary based on years of experience
Discretionary annual bonus structure
401(k) program
Annual profit-sharing plan match of up to 3% of salary after first year
20 days paid time off per year
80% of health and dental care costs paid by employer