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, or equivalent work experience
- Seven or more years of experience in a portfolio/wealth management role
- Effective interpersonal, verbal and written communication skills
- Advanced understanding of finance/accounting/investments and portfolio construction
- Financial modeling skills
- Strong Microsoft Excel skills
Nice To Haves
- Two or more years of experience working with alternative assets
- CFA designation
- Master's degree
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
- Incentive and recognition programs
- Equity stock purchase
- Pension
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What This Job Offers
Job Type
Full-time
Career Level
Senior
