Ascent Director of Investments - Minneapolis, MN
About The Position
The Ascent division of U.S. Bank’s Wealth Management Group exclusively serves a limited number of ultra‑high‑net‑worth clients, each with a net worth exceeding $75 million. The Director of Investments is responsible for directly managing these clients' investment portfolios while also assisting senior advisors with portfolio management and business development efforts. Key daily tasks include creating personalized client portfolios and related performance reports, delivering prompt and relevant investment updates to clients, and preparing materials and models for both internal and external meetings. The Director of Investments collaborates closely with the Managing Directors of Investments to ensure consistent implementation of investment strategies across all accounts and organizes transition plans as appropriate. This position will have direct client contact as part of supporting the Managing Directors.
Requirements
- Bachelor's degree in finance, accounting or other related field
- Nine or more years of portfolio/wealth management experience
- Three or more years of alternative assets experience
Nice To Haves
- Strong understanding of managers/styles in all asset classes
- Ability to meet with clients/prospects as sole investment professional representative
- Well-developed leadership abilities and strategic management skills
- Thorough knowledge of division and relation to industry
- Strong verbal and written communication skills
- Well-developed analytical, decision-making and problem-solving skills
- Considerable tact, diplomacy and people skills
Responsibilities
- Directly managing clients' investment portfolios.
- Assisting senior advisors with portfolio management and business development efforts.
- Creating personalized client portfolios and related performance reports.
- Delivering prompt and relevant investment updates to clients.
- Preparing materials and models for both internal and external meetings.
- Collaborating closely with the Managing Directors of Investments to ensure consistent implementation of investment strategies across all accounts.
- Organizing transition plans as appropriate.
- Direct client contact as part of supporting the Managing Directors.
Benefits
- Healthcare (medical, dental, vision)
- Basic term and optional term life insurance
- Short-term and long-term disability
- Pregnancy disability and parental leave
- 401(k) and employer-funded retirement plan
- Paid vacation (from two to five weeks depending on salary grade and tenure)
- Up to 11 paid holiday opportunities
- Adoption assistance
- Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
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What This Job Offers
Job Type
Full-time
Career Level
Senior
