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Full-Time

Vice President

Investment Consulting

Posted on 11/6/2024

AssetMark

AssetMark

501-1,000 employees

Third-party asset management platform for advisors

Enterprise Software
Financial Services

Compensation Overview

$215k - $300kAnnually

+ Variable Incentive Compensation

Expert

No H1B Sponsorship

Concord, CA, USA + 4 more

More locations: Encino, Los Angeles, CA, USA | Chicago, IL, USA | Phoenix, AZ, USA | Atlanta, GA, USA

Hybrid work schedule; candidates must be close to Concord, CA, or Phoenix, AZ.

Category
Asset Management
Investment Banking
Finance & Banking
Required Skills
Public Speaking
Business Strategy
Requirements
  • Proven leader within an Investment Consulting or OCIO environment
  • Proven track record in developing business strategies, expanding into new channels, and attracting financial advisors to new services.
  • Expertise in multi-asset class portfolios, portfolio management, and client relationship management.
  • Strong team management experience with a demonstrated ability to develop talent.
  • Excellent presentation, communication, and leadership skills, including experience in public speaking and media engagements.
  • Strong analytical, operational efficiency, and process management skills, with a focus on accuracy and business performance improvement.
  • Bachelor’s degree in Finance, Economics, or a related field (MBA, CFA, or CAIA preferred).
  • 15+ years of experience in investment consulting, wealth management, or institutional asset management, with a focus on business scaling.
  • Experience leading OCIO services is preferred.
  • Candidates must be legally authorized to work in the US to be considered. We are unable to provide visa sponsorship for this position.
Responsibilities
  • Develop and implement the strategy for the investment consulting business, expanding into new channels and markets.
  • Identify growth opportunities and create actionable plans to scale the business.
  • Build and expand assets using on platform through enhanced scale and technology solutions.
  • Identify opportunities to improve the investment consulting experience and streamline operations.
  • Collaborate with internal teams to identify areas for enhancement based on client needs.
  • Lead and manage the consulting team, fostering a high-performance culture.
  • Mentor consultants to support their professional growth and align their goals with company objectives.
  • Oversee daily operations, ensuring the team meets client expectations and deadlines.
  • Implement transparent processes to ensure consistent decision-making.
  • Act as a key executive for client relationships, engaging directly with advisors to present services and secure business.
  • Lead consulting engagements, portfolio strategy discussions, and the development of custom model-based solutions.
  • Ensure long-term client satisfaction by delivering exceptional service and support.
  • Lead presentations on investment strategies, model portfolios, and performance reviews.
  • Present business strategies across internal teams to ensure alignment on key goals and project initiatives.
  • As needed, represent the firm at industry events and conferences, communicating AssetMark’s value proposition.
  • Drive cross-organizational projects focused on operational efficiency within the consulting business.
  • Ensure best practices are consistently applied, improving scalability and service delivery.
  • Partner with senior leadership and other departments to integrate the consulting business with broader wealth and asset management services.
  • Collaborate on initiatives that promote growth, efficiency, and cross-departmental cooperation.

AssetMark provides a platform for third-party asset management aimed at supporting financial advisors. The company offers a variety of investment solutions, advanced technology, and consulting services that help advisors manage wealth and investment options for their clients. By acting as an extension of the advisor's team, AssetMark allows financial advisors to deliver personalized guidance and improve client experiences. Unlike many competitors, AssetMark focuses on empowering independent financial advisors with tailored support and resources, which helps them operate more efficiently. The goal of AssetMark is to enable financial advisors to grow their practices while effectively serving their clients.

Company Stage

Acquired

Total Funding

N/A

Headquarters

null, California

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • The acquisition by GTCR for $2.7 billion provides substantial financial backing, enabling AssetMark to expand its product offerings and support growth.
  • Strategic collaborations, such as with TIFIN Give, highlight AssetMark's commitment to innovation and enhancing its service portfolio.
  • The integration of Morningstar's TAMP assets and analytics capabilities can lead to improved service offerings and client satisfaction.

What critics are saying

  • The integration of $12 billion in TAMP assets from Morningstar may pose operational challenges and require significant resources.
  • The acquisition by GTCR could lead to strategic shifts that may not align with the current company culture, causing potential disruptions.

What makes AssetMark unique

  • AssetMark's strategic alliance with Morningstar Wealth combines robust analytics and investment management solutions with AssetMark's technology and advisor network, creating a unique value proposition.
  • The acquisition of $12 billion in TAMP assets from Morningstar significantly boosts AssetMark's asset base, enhancing its market position.
  • AssetMark's focus on integrating advanced technology platforms with wealth management services sets it apart from traditional wealth management firms.

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