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Cerity Partners

National wealth management and fiduciary advisory

Investment Associate

Wealth Management & Financial AdvisoryPosted on Nov 12
Full-timeChicago, IL, USAHybrid

About the Job

Requirements

  • A bachelor's degree in Finance, Economics, Accounting, or a related field, with a strong academic record is required.
  • A genuine interest in investments and a career in wealth management is required, along with willingness to pursue the CFA designation during the role.
  • Strong analytical and Excel skills are required, as well as comfort working across multiple advisors' books and priorities.
  • Familiarity with, or willingness to learn and master, software including Microsoft Office, Claude, RedBlack, and Addepar is required.
  • High attention to detail is required, particularly around trading, rebalancing, and compliance monitoring.
  • Strong written and verbal communication skills are required, including the ability to prepare client-ready materials independently.
  • Ability to talk to clients independently.
  • Ability to train and mentor Client Service Associates.
  • Ability to develop wealth planning and investment recommendations and present them to clients when applicable.
  • Exceptional problem-solving skills and the ability to organize and prioritize work to meet deadlines proactively with little supervision.
  • Ability to work effectively in a fast-paced, changing environment.
  • Ability to build and maintain relationships with potential and current clients.
  • Commitment to acting in the client's best interests.
  • Must be able to sit at a desk and work on a computer for prolonged periods.
  • Must be able to lift up to 15 pounds at times.
  • Must be authorized to work for any employer in the United States.

Responsibilities

  • Maintain advisor-preferred models in RedBlack, including allocation changes, manager changes, and implementation preferences, consistent with the Cerity Partners A4P List.
  • Monitor investment policy statement compliance, including allocation ranges, portfolio drift, exceptions, and other issues requiring advisor attention.
  • Prepare and process trades and portfolio rebalances.
  • Raise cash for distributions and anticipated client needs.
  • Invest incoming cash and implement approved portfolio changes.
  • Review portfolios ahead of client meetings and recommend trades or other actions for advisor consideration.
  • Prepare customized investment analysis and client meeting materials, including portfolio attribution and other portfolio-specific analysis.
  • Progress from primarily executing instructions to proactively identifying portfolio issues and recommending actions for advisor approval.
  • Stay informed about new investment opportunities brought forth by the firm's investment committee and identify where and why each opportunity may or may not make sense for client portfolios.
  • Work with custodians to ensure money moves properly between accounts, investment data is properly recorded, and account limitations or restrictions that may influence investment decisions are understood.

Desired Qualifications

  • Working knowledge of e-Money and Salesforce is a strong plus.

About the Company

Cerity Partners

National wealth management and fiduciary advisory

Cerity Partners is a national wealth management firm offering integrated advisory services to individuals, families, businesses, and nonprofits. It operates as a fee-based fiduciary, earning asset-based, fixed, and hourly fees, with wealth and investment advisory fees starting around 1.50% of assets under management. The firm provides a full suite of services, including wealth and investment management, estate and gift planning, tax planning, and corporate services like retirement plan consulting and OCIO for nonprofits, delivered by teams of experts across finance, tax, and law. Its growth relies on mergers and acquisitions to expand reach and capabilities, and it bases investment decisions on modern portfolio theory with dynamic asset allocation and rebalancing.

Company size
1,001-5,000
Company stage
Growth Equity (Non-Venture Capital)
Total funding
$1B
Headquarters
New York City, New York
Founded
2009

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