Ascent Director of Investments
About The Position
Ascent Private Capital Management services U.S. Bank clients with a net worth of more than $75MM, with average client assets above $100MM. Our investment consultant professionals design investment programs to meet the unique needs of multi-generational wealth and the complexities it can create for our ultra-high net worth clients and their families. The Investment Consulting practice provides Ascent’s ultra-high net worth clients with tailored and customized investment advice and supervision, leveraging expertise in all areas of private and public markets. The Director, Investment Consulting (DI) works directly with the Managing Directors of Investment Consulting (MDI) to implement, monitor and maintain the overall investment philosophy for our clients, including the development of the family investment policy, asset allocation, manager search and selection and ongoing performance monitoring and evaluation, and will have face-to-face interactions with UHNW clients. At the direction of the MDI, the DI is responsible for asset management oversight, asset allocation, manager selection, due diligence coordination, performance reporting, and portfolio rebalancing. Under the guidance and leadership of the Managing Directors, the DI may manage client relationships with families or individuals that have at least $75MM in net worth. To best fit this firm’s unique, team-based culture, the ideal candidate performs best in a highly collaborative, collegial, fast-paced, team-approach model. The DI should be able to thrive in an environment working with exceptional people, with the ability to work alongside highly trained and educated professionals. This position is not responsible for new client acquisition.
Requirements
- Minimum of 7+ years’ experience in a consultative investment role with demonstrated success in managing relationships with and delivering advice to ultra-affluent clients, business leaders, and/or institutional investors.
- Some understanding of the key aspects of the investment management process including objective setting, asset allocation and investment policy, manager/strategy search & selection, implementation, and on-going monitoring and evaluation delivered within a team-based approach.
- Deep desire for continued learning and understanding the various aspects of portfolio construction, financial markets, investment structures, behavioral finance, and personal finance.
- Experience with business writing on markets and descriptions of investments and past events.
- Depth of experience in at least one asset class such as equity research, private equity, or real estate and experience with manager selection & due diligence and building manager relationships.
- Experience and knowledge of investment vehicles including mutual funds, ETFs, partnerships, stocks, bonds, and separately managed accounts; experience with private investment vehicles and related documents.
- Solid understanding of Excel required.
- Must demonstrate excellence in written and verbal communications skills.
- Exude trust and confidence.
- Bachelors’ degree required.
Nice To Haves
- Preferred administrative & operational experience: trade order management, performance reporting, portfolio accounting, cash transfers/requests, account opening, and understanding of trust structures.
- Knowledge of common investment industry software applications a plus: FactSet, Envestnet, Addepar, MyVest, Charles River, Morningstar Direct.
- Understanding and/or experience with the private markets – venture capital, private equity, real estate, and the M&A process.
- An apprenticeship mindset with desire for mentorship and goals of developing into an accomplished investment professional and advisor to families and family members of all generations.
- MBA and/or CFA designation preferred.
Responsibilities
- Provide and/or coordinate advice and counsel to clients and prospects in the areas of investments.
- Ensure the investment functions are performed at an exceptional level while maintaining proper risk management and client satisfaction.
- Proactively identify potential client growth opportunities and/or high-risk situations.
- Responsible for the coordination of investment team functions to ensure the Ascent client experience is consistently meeting the standards set forth by leadership.
- Consult with clients about their business, financial and personal objectives that may include discussions on managers or opportunities they are contemplating from their own networks.
- Implement, monitor and maintain the overall investment philosophy for our clients.
- Develop family investment policy.
- Manage asset allocation.
- Conduct manager search and selection.
- Perform ongoing performance monitoring and evaluation.
- Have face-to-face interactions with UHNW clients.
- Provide asset management oversight.
- Coordinate due diligence.
- Manage portfolio rebalancing.
- Manage client relationships with families or individuals that have at least $75MM in net worth.
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
- 401(k) contribution and pension
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What This Job Offers
Job Type
Full-time
Career Level
Senior
