Description
The Portfolio Administrator will work with one or more 1919IC Portfolio Managers (PMs) and will be responsible for day-to-day administrative management of individual client, institutional, and trust portfolios. This position works directly with clients and prospects; has proven skills retaining important clients through up and down market cycles; handles complex family relationship; and recognizes new business opportunities. The Portfolio Administrator has superior knowledge of investment products and can work with clients and prospects on financial and estate planning. This position must stay current on financial markets and instruments and comply with Firm policies and procedures.
What We're Looking For
• Work with larger and more sophisticated client relationships anticipating their needs and resolving complex issues independently.
• Maintain direct telephone and written contact with clients and designated third parties (accountants, lawyers, trustees, etc.).
• Compose written correspondence to inform clients of portfolio activity.
• Utilize superior knowledge of investment products, operations, and the servicing requirements of clients to meet their unique needs.
• Recognize new opportunities for managing additional family money or obtaining referrals for new business altogether and collaborate with the PM or Business Development Executive to pursue these opportunities and referrals.
• Use independent judgment and analysis tools to prepare personalized reports for clients and prospects with respect to financial and estate planning.
• Find resources and contacts for clients.
• Attend client meetings, client events, and relevant conferences to keep informed of changes and developments to the Firm and the industry.
• Handle various portfolio administrative functions including but not limited to opening and terminating accounts; reviewing client billing; monitoring accounts by tracking cash, maturities, and settlements to ensure that funds are available to clients; instructing custodians to wire funds or prepare checks; implementing the sale of mutual funds; and determining instruments to sell to raise cash.
What You'll Bring
• Experience working directly with clients and prospects.
• Knowledge of principles and processes for providing excellent interpersonal and communication services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
• Ability to use logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
Education & Experience
• Minimum Required: Bachelor's degree
• Minimum Required: 10+ years' experience in investment management, family office, trust or legal. Education and/or experience may run concurrent
Systems & Technology
• Proficient with Microsoft Excel, Word, PowerPoint, Outlook
• Experience working with Advent APX and Moxy
• Working knowledge and competency with various analytical tools including: FactSet formulas and databases, Morningstar Direct, and Bloomberg.
About Stifel
1919 Investment Counsel, a wholly owned subsidiary of Stifel Financial Corporation, provides investment management and financial planning services to wealthy individuals, families, trusts, foundations, and institutions. 1919 Investment Counsel manages more than $22 billion of client assets and has offices in Baltimore, Birmingham, Cincinnati, New York, San Francisco, Philadelphia and Vero Beach. 1919 Investment Counsel has a team of portfolio managers, research analysts and client service professionals that work together to construct investment portfolios that are tailored to each client's specific needs and objectives and to deliver tailored solutions that preserve, build and manage wealth for 1919 Investment Counsel's clients. The firm primarily serves high net worth clients which often require complex financial planning and advice as well as exceptional client service.
1919 Investment Counsel is an Equal Opportunity Employer.
We Value Diversity
Stifel is an equal opportunity employer dedicated to fostering, cultivating, and preserving a culture of diversity and inclusion by embracing and welcoming everyone. At Stifel, we believe a diverse team is a critical element of how we find success and strive to build on diversity, inclusion, respect, and engagement in all that we do, across the firm. Accordingly, we welcome applications for employment from all qualified candidates.
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