Full-Time
Wealth Management Operations Associate
Confirmed live in the last 24 hours
Supernova Technology
51-200 employees
Provides securities-based lending software solutions
Mid
Chicago, IL, USA
Position requires onsite presence in Chicago.
- Bachelor’s Degree in Business, Finance or other fields of study related to finance, banking and wealth management OR an equivalent combination of education and experience.
- 3-5 years of experience working in banking or wealth management preferred
- Series 7 preferred
- Margin Lending experience preferred
- Proficient in Microsoft Office Suite programs, especially Excel
- Experience working with financial advisors and their clients
- Understanding of financial investment products
- Effective verbal and written communication
- Punctual and hard working
- Support questions and inquiries about our product offerings and their requirements
- Support the onboarding of new advisors on our platform
- Assist applicants in completing required loan application process; ensure the completeness and accuracy of applications
- Guide and monitor loans through the process to ensure both completeness and timely execution
- Develop a relationship with clients; be proactive in identifying problems and themes; create a repertoire/cadence with follow-ups and issue escalations; recommend/implement service enhancements where appropriate.
- Ongoing servicing of loans after origination which include answering questions, completing client requests and updating documents / records as defined in the documented processes and procedures
- Field questions about money movement processes, interest payments, lending requirements, and more
- Maintain the highest level of integrity and customer confidence by keeping loan and customer information confidential
- Perform other administrative duties such as preparing reports, client communications or any other task required for the company to accomplish its mission of lowering borrowing costs for all individuals
Supernova Technology specializes in securities-based lending solutions that connect and empower the financial ecosystem. The company offers digital wealth management lending software that allows financial advisors to provide better liquidity solutions to their clients. Their platform is fully automated, cloud-based, and customizable, making it unique in the market. Supernova serves banks, broker-dealers, and Registered Investment Advisors (RIAs), streamlining the lending process through a digitized, all-electronic origination system. This approach reduces cycle time and costs while enhancing the customer experience. By enabling clients to borrow against their investment portfolios, Supernova facilitates a scalable solution that can handle millions of clients, allowing advisors to manage more customers effectively. The company's goal is to promote financial wellness by helping clients identify growth opportunities and optimize their financial strategies.
Company Stage
Seed
Total Funding
$25.8M
Headquarters
Chicago, Illinois
Founded
N/A
6 month growth
↑ 8%1 year growth
↑ 9%2 year growth
↑ 40%
Simplify's Take
What believers are saying
- The launch of AI-powered solutions like Prism positions Supernova as a leader in fintech innovation, potentially attracting more clients seeking cutting-edge technology.
- Partnerships with major financial institutions like Old National Bancorp and SEI expand Supernova's market reach and credibility in the financial sector.
- The scalable nature of Supernova's platform allows financial advisors to manage a larger client base, increasing potential revenue streams.
What critics are saying
- The niche focus on securities-based lending may limit market opportunities compared to broader fintech solutions.
- Dependence on partnerships with financial institutions could pose a risk if these relationships are disrupted or if partners develop competing solutions.
What makes Supernova Technology unique
- Supernova Technology's platform is the only fully automated, cloud-based, and customizable solution in the securities-based lending market, setting it apart from competitors.
- The integration of AI-powered tools like Prism enhances data extraction accuracy and speed, providing a significant technological edge over traditional document processing methods.
- Supernova's focus on a total balance sheet approach to financial wellness offers a comprehensive solution that goes beyond standard lending services.
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