Alternative Investment Strategist
About the Role
As an Alternatives Investment Strategist for RBC US Wealth Management, you will work alongside the Multi-Asset Portfolio Strategist, Wealth Strategists, Alternatives Consultants, and other internal teams to develop, coordinate, and execute our alternatives ambitions. This role is part of the Portfolio Advisory Group (PAG), which enables RBC-WM financial advisors to deliver investment advice and solutions with the highest level of competence and confidence. Your role will empower financial advisors with insights on the asset class and portfolio positioning.
Responsibilities
- Responsible for internal and external publications about the alternatives market.
- Organize and participate in webcasts focusing on alternatives topics and market outlook.
- Collaborate with Marketing to support alternatives campaigns and enhance website content.
- Collaborate with the U.S. Investment Committee and Global Portfolio Advisory Committee members to formulate market views across various alternative asset classes.
- Assist UHNW advisors or other internal partners in reviewing client portfolios and allocations with a specific focus on alternatives.
- Create and implement a proactive service model for managing relationships.
- Stay current on emerging trends in the alternatives market to make informed investment recommendations.
- Create an actionable investment framework within the alternatives market to help advisors and clients understand risks and opportunities.
- Communicate market and economic perspectives to clients via presentations, publications, or product-oriented marketing programs.
- Relate key market developments to the positioning within managed portfolios, specifically within alternative asset classes.
- Research model portfolio development that includes alternative investments.
Qualifications
- Bachelor’s degree, preferably in Finance or Economics.
- 10+ years of financial industry experience.
- 5+ years of experience as an investment strategist or similar role.
- Series 7 & 66 licensed or ability to obtain within 180 days.
- Previous experience working with financial advisors.
- Knowledge of complex investment structures and esoteric investments.
- Exhibits wealth management and investment products expertise.
- Ability to listen to client’s needs and make decisions/take actions that help clients achieve their long-term goals.
- Effective problem identification, analytical, and resolution skills.
- Ability to distill complex or detailed financial information into key points and a recommendation.
- Knowledge of investment management disciplines such as asset allocation, portfolio construction, risk-return analytics, performance measurement, and reporting.
- Strong ability to interact with all levels of staff and maintain relationships that contribute to firm goals.
Nice-to-Have
- CFA®, CAIA®, or CFP® designation or working towards obtaining one.
- 2+ years of HNW client experience.
- Portfolio management experience.
- Experience in investment performance and risk analysis, particularly in multi-asset portfolio management.
- Experience recommending and researching private investment opportunities and their fit into well-diversified high-net-worth portfolios.
Pay
The expected salary range for this position is $120,000-$200,000 (New York, San Francisco), $99,000-$176,000 (Chicago, Los Angeles), $90,000-$160,000 (Denver, Minneapolis), depending on experience, skills, registration status, market conditions, and business needs. There is potential to earn more through RBC’s discretionary variable compensation program, provided the business meets its performance targets and individual goals are achieved.
Benefits
- Comprehensive Total Rewards Program including competitive compensation and flexible benefits.
- 401(k) program with company-matching contributions.
- Health, dental, vision, life, and disability insurance.
- Paid time off.
- Leaders who support development through coaching and managing opportunities.
- Ability to make a lasting impact and work in a dynamic, collaborative, progressive, and high-performing team.
Location: Minneapolis, MN
Work Hours: 40 hours/week
Employment Type: Full-time
Platform: Wealth Management
Job Type: Regular
Pay Type: Salaried