Full-Time

Investment Operations Specialist

Confirmed live in the last 24 hours

Vise

Vise

51-200 employees

AI platform for financial advisors' asset management

Fintech
AI & Machine Learning
Financial Services

Compensation Overview

$60k - $75kAnnually

+ Equity Package

Mid

Remote in USA

Category
Investment Banking
Finance & Banking
Required Skills
Python
SQL
PowerPoint/Keynote/Slides
Requirements
  • Minimum of two to four years of experience in a financial services operations role
  • Experience working in middle and back office operations supporting SMAs for clients of registered investment advisors (RIAs) and/or broker-dealers
  • Familiar with RIA custodian platforms such as Schwab and Fidelity
  • Experience using SS&C Advent wealth techs: Either Advent Portfolio Xchange (APX), Advent Geneva (Pre-Trade version of APX), or AXYS 3 (precursor to APX)
  • Proficient in Google Workspace, Excel, Word, and PowerPoint tools - Python and SQL a plus
  • Experience with portfolio accounting, double entry accounting, or general ledger reconciliations.
  • Experience with IBOR/ABOR administration
  • Experience with data connectivity & domestic custodians
Responsibilities
  • Collaborate with Vise’s Client Success, Investment Operations, and Finance teams to process and oversee all account setup and implementation
  • Support the daily process of reconciling client account data from the custodian
  • Resolve daily account issues at custodians and on the Vise platform
  • Create, execute, and optimize internal processes to improve data collection, document management, and account onboarding
  • Assist with account billing, invoice distribution, and organization of client billing records

Vise provides an asset management platform designed for financial advisors, helping them create and manage personalized investment portfolios for their clients. The platform uses artificial intelligence to automate tasks like portfolio rebalancing and risk assessment, allowing advisors to concentrate on building client relationships and making strategic decisions. Unlike many competitors, Vise offers a subscription-based model that is scalable, catering to both small and large advisory firms. The goal of Vise is to empower financial advisors to achieve better investment outcomes while efficiently scaling their operations.

Company Stage

Series C

Total Funding

$123.1M

Headquarters

New York City, New York

Founded

2016

Growth & Insights
Headcount

6 month growth

4%

1 year growth

11%

2 year growth

60%
Simplify Jobs

Simplify's Take

What believers are saying

  • Vise's recent $45M Series B funding round from prominent investors like Sequoia Capital and Founders Fund indicates strong financial backing and growth potential.
  • The platform's AI-driven capabilities allow financial advisors to focus more on client relationships and strategic decision-making, enhancing job satisfaction and client outcomes.
  • Vise's mission to create the asset manager of the future offers employees the opportunity to be at the forefront of innovation in the financial advisory industry.

What critics are saying

  • The loss of 35% of its assets under management and significant employee attrition could indicate underlying operational challenges.
  • The competitive landscape in fintech and wealth management is fierce, with established players like Goldman Sachs making strategic acquisitions.

What makes Vise unique

  • Vise leverages advanced AI to automate time-consuming tasks for financial advisors, unlike traditional platforms that rely heavily on manual processes.
  • Their scalable subscription-based model caters to both small advisory firms and larger enterprises, providing flexibility that many competitors lack.
  • Vise's focus on creating personalized investment portfolios driven entirely by technology sets it apart in the wealth management market.

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Benefits

Comprehensive health plans

401(k) savings plan

Flexible PTO

Parental Leave

Wellness Reimbursement

Learning & Development