Associate Portfolio Advisor

RBC•Minneapolis, MN

1d•$55,000 - $95,000

About The Position

As an Associate Portfolio Advisor, you will join the US Equities team within RBC’s Portfolio Advisory Group. The Portfolio Advisory Group’s broader mandate is to enable our Wealth Management Advisors to consistently deliver investment solutions to their clients with the highest level of competency and confidence by through investment advice, portfolio management, and thought leadership. The US Equities team manages six Guided Portfolios across key public equity investment factors such as dividend, growth, core, value, and international and is also a significant service and support touchpoint for Advisors’ book of business invested in public equity. As an Associate Portfolio Advisor, you will be responsible for providing general analytical support to the team and RBC’s Wealth Management Advisors. This is an excellent opportunity to join a high-profile group and start on a path towards building a career in investment management.

Requirements

Undergraduate degree, preferably in finance, business, or a related field of study
Prior financial services industry experience
Demonstrated (internships, career history, school club participation, etc.) interest and curiosity in financial markets and desire to build a career in investment management
Demonstrated investment knowledge of capital markets and the global economy
Solid financial analytical skills
Demonstrated competence using Microsoft Excel
Excellent interpersonal, oral, written and presentation skills
Ability to work collaboratively in a team environment
Strong ability to interact with all levels of staff; must be able to maintain relationships that will relate to the overall success of the established firm goals
Series 7, 63 or 66, or ability to obtain within 180 days

Nice To Haves

On track to a CFA designation
Ability to understand the Financial Advisor’s business and identify themes and issues that have an impact on their business
Experience working as part of a geographically diverse team
Working knowledge of analytical and market research tools including FactSet and Bloomberg

Responsibilities

Create the daily morning call (7:45 am) slides from provided team content and contributions
Compile the morning call report summarizing written content and distribute to RBC Wealth Management Advisors
Consistently deliver high quality and proactive service for Advisors
Provide timely and thoughtful responses to Advisors seeking advice with respect to equity securities
Manage analytical reports and tools for the team and for those made available to Advisors
Conduct portfolio reviews for clients of Advisors upon request
Take meeting notes for Investment Committee portfolio meetings
Conduct investment research on companies, sectors, and the broader economy
Process a wide array of research, news, reports, investment publications and company/analyst meetings to form independent investment opinions with risk considerations

Benefits

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper.
We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
A comprehensive Total Rewards Program include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
Leaders who support your development through coaching and managing opportunities.
Ability to make a difference and lasting impact.
Work in a dynamic, collaborative, progressive, and high-performing team.
Opportunities to do challenging work.
Opportunities to build close relationships with clients.
The expected salary range for this particular position is $55,000-$95,000, depending on your experience, skills, and registration status, market conditions and business needs.
You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.
RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that: Drives RBC’s high-performance culture Enables collective achievement of our strategic goals Generates sustainable shareholder returns and above market shareholder value