Overview:
Note: Must have Level 2 of CFA passed at Minimum
The Investment Associate is responsible for the day-to-day management and implementation of investments for a Model portfolio, separate account strategies, monitoring and rebalancing the investments, implementing tactical decisions for cash deposits and withdrawals, and managing tax strategy where applicable. Clients are primarily affluent individuals/families, trusts, and may extend to plan sponsors of 401ks. Considered an integral role to each relationship, and although the Director of Financial Planning and his/her team will often be the primary “Relationship Manager,” the IA's specific involvement in communicating with each client will be determined by each relationship’s unique considerations and needs.
Responsibilities:
- Prepares the quarterly Investment Committee deck and agenda alongside guidance from the Investment Committee Chairman and Chief Investment Officer.
- Performs trading, rebalancing, and other portfolio management services in strict accordance with guidelines established by the Investment Committee.
- Responsible for teamwork on the client acquisition/business development and retention process through outstanding service and excellent empathy, communication skills with a wide variety of client personalities.
- Provides research and input on strategic and tactical asset allocation guidelines for portfolios to the company’s Investment Committee, of which this position will be a member.
- Conducts due diligence on existing holdings, new opportunities, performs ongoing evaluation of approved investments, studies capital markets, formulates expectations, and makes recommendations to the committee as needed as a fiduciary.
- Stays up to date on the current monetary, fiscal, and economic environment and their implications on various financial markets.
- Completion of annual account reviews, routine audits of how invested versus stated client management agreement.
- Has knowledge of securities laws and maintains strict accordance to compliance, laws, policies, and procedures of Crestmont.
- Maintains a positive work environment with ownership mentality of their role, as a true team player within the firm.
- Communicates with clients as required on a proactive basis, in a friendly, professional, emotionally intelligent manner.
- Research projects as needed and ad hoc projects, as determined by management.
- Periodic public speaking engagements including but not limited to events, board meetings, and YouTube video social media blasts.
Requirements:
- Ethical and integrity standards of a fiduciary and team player within a small company environment.
- Bachelor’s degree in business or a related field required.
- 5-10+ years minimum of relevant financial services experience, preferably with a bank wealth management and/or trust department.
- 2+ years minimum of block trading experience on ETFs, Bonds, Stocks, Mutual Funds and complete understanding of trading mechanics, settlements, etc.
- Ideal to have knowledge of Schwab and Orion trading platform.
- Minimum Level CFA III Candidate with a required CFA within 1 year of employment.
- MBA, MS, CFP or CPA strongly preferred.
- Excellent analytical, time management, organizational, and problem-solving skills with the ability to multi-task and work in a deadline-driven environment.
- Excellent verbal and written skills, including the ability to communicate portfolio proposals, strategies, and performance effectively to various types of audiences with relatable empathy skills.
- Excellent PC skills, including Microsoft Office products as well as custom applications and systems.
- Familiar with Orion trading.
- Self-starter/proactive initiative, and able to perform tasks with minimal supervision.
- Willingness and ability to travel on a limited basis for new opportunities and/or client meetings.
- Understanding that the Company while a work-life balance culture, does at times require more than a standard 40 hour work week for a highly compensated and strategic position.
- Background check, credit check, references required with a clean U4 history.
- Must have a series 65 prior to employment, or a CFA exemption from the series 65, prior to employment.
The above statements are intended to describe the general nature and level of work being performed by individuals in, or assigned to, the above position and are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required, and may be changed at the discretion of the Company. Employment is at Will, Equal Opportunity Employer, and subject to company policies and restrictive covenant agreements standard for the industry at inception of employment.
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