Monday, November 12, 2012

Trader, Wealth Management Assoc, & Wealth Management Advisor - Michigan

Trader, Wealth Management Assoc, & Wealth Management Advisor - Michigan
Opportunities with an independent wealth management firm that provides personal trust/retirement plan services/asset management to high net worth and small- to mid-size corporate clients.  The firm places a strong focus on a team environment approach, and is looking to hire a Trader, Wealth Management Associate, and Wealth Management Advisor – roles that have some similarities and shared responsibilities, which are detailed below:

Compensation (All Roles):  Commensurate with experience
Location (All Roles):  Michigan

1) Title: Trader (871-004-711)
Responsibilities:
Execute various investment vehicle trades including individual equities/ETF’s/mutual funds/options/fixed income
Work with trade instructions from the Research Team/Wealth Management Advisors
Develop/maintain brokerage relationships and ensure optimal execution of all trading
Responsible for all trades from planning to execution to settlement
Help ensure strong/time sensitive/initiation/execution of all trades
Provide guidance/expertise on block trade design/execution
Ensure strong collaboration with brokers to ensure alternative sources of market liquidity
Build/initiate individual equity/mutual fund/options trades as requested by team members
Continuously monitor/validate efficiency of trade execution while ensuring all execution audit requirements are met or exceeded
Work with all brokers to ensure successful execution/settlement of all trades
Ensure strong collaboration with the Operations team in establishing new assets within trading platform
Monitor/reduce trade errors
Provide market insights to Research/Wealth Management Teams
Serve as a primary contact with the developers of the trading platform
Work with Compliance Officer to ensure adherence to all policies/procedures
(50-75% of the responsibilities of the Trader will be assisting the Wealth Management Associates with their responsibilities – seen below)
Requirements:
Bachelor’s Degree required
3-5 years of experience financial operations/trading experience required
Series 7 desired but not required
Strong communications skills; thought leadership and analytical ability; decision making ensuring strong trade execution
Self-motivated, ability to work independently while fully functioning within a team environment
Ability to challenge brokerage partners on proposed pricing/liquidity of trades, monitor/assess numerous data sources/markets while executing numerous trades, work successfully in a cross functional environment with Wealth Management Advisors/Compliance/Operations on trades/issues tied to Research Team
Ability to work in a complex environment and successfully perform with multiple priorities
Ability to fully and successfully initiate/complete trades as well as resolve issues in the area of equity/fixed income/options trades/mutual fund positions
Creatively develop new investment strategies/robust risk mitigation approaches/process improvements

2) Title: Wealth Management Associate (871-003ASSOC-711)
Responsibilities:
Creating/implementing wealth management plans/portfolio management/regularly scheduled portfolio review meetings and coordination with other advisors of the client
Provide general support to the various Wealth Management Advisors
Meet with prospective/existing clients on a regular basis to maintain open communication on the status of their portfolio and other wealth management strategies within the relationship
Create a wealth management plan for prospective clients which will serve as a framework to the relationship and highlight the objectives of the portfolio
Implement the wealth management plan using coordination with other advisors, reallocating accounts to the set asset allocation and analyzing other above mentioned wealth management strategy techniques
Continue to manage client portfolios as set forth in the wealth management plan using asset allocation objectives while satisfying clients’ wants/needs/desires
Participation in projects as assigned
Requirements:
Bachelor’s Degree required
1-3 years of experience in financial or investment management or equivalent education/experience required
Ability to develop and refine complex financial models/analytical processes/methodologies
Progress towards the CFP or CPWA strongly preferred
Ability to maintain a positive attitude while investment recommendations are reviewed/challenged by other Wealth Management Advisors

3) Title: Wealth Management Advisor (871-003ADV-711)
Responsibilities:
In addition to the Associate role, our client seeks a Wealth Management Advisor, a similar role but one that requires a more seasoned professional than the Associate role.  The role is effectively a combination of a Portfolio Manager and traditional CFP wealth manager/wealth advisor role, providing estate planning/tax planning in addition to portfolio management/guidance. The position would often require full day or overnight travel, up to 20% of time, to meet with clients outside of the general area.
Requirements:
3-6 years of relevant wealth management experience required
CFP or CPWA required

If you are interested in one of these openings, please email us a copy of your resume as an MS Word attachment and indicate which position is of interest.
~~
Zach Stierhoff
BCI - Financial Services Recruiting
10 S. Wacker Dr., Suite 1250
Chicago, IL 60606
(312) 460-8222 x102
zach@brokerageconsultants.com
www.brokerageconsultants.com

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