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Jobs · Finance · New York

Asset Mgmt Associate (Wealth) (Hybrid)

Lenox Advisors · New York, NY · 1 mo ago
On-siteFinance$72k–$80k/yrFull-time

Essential Duties And Responsibilities

  • Aid new clients through the new relationship onboarding process.
  • Understand and prepare paperwork for new accounts based on investment and account type.
  • Communicate with clients, Relationship Managers, Asset Managers, vendors, and MMLISI during the new account onboarding process.
  • Act as a liaison between Asset Managers and other business partners to ensure high-quality and comprehensive client service.
  • Provide client service including client calls, transaction processing, and accurate record-keeping in Mosaic.
  • Identify and escalate complex requests to Lenox Asset Management Leadership.
  • Manage additional deposits and withdrawals from clients’ accounts, including expediting wire transfers, distributions, withdrawals, ACAT’s, and portfolio rebalancing.
  • Generate client proposals under the direction of Relationship Managers and/or Asset Managers.
  • Foster a developing understanding of investment programs and update internal marketing platforms.
  • Support VP, Operations Manager in completing special projects as required.
  • Create relationships with Lenox vendors to facilitate account maintenance.
  • Assist Relationship Managers in conducting Asset Management business without Asset Manager involvement.
  • Become proficient in evolving broker-dealer technology related to new account onboarding and reporting.
  • Become proficient in evolving custodian technology, including Charles Schwab, Fidelity, National Financial Services (NFS), and more.

Current Responsibilities

  • Maintain best-of-breed knowledge on system functionality within various technology platforms, including Mosaic, A360, ProGen, WealthScape, Envestnet, Tamarac, RightBridge, Broadridge, and DST Vision.
  • Manage Net Flow Reporting and event processes in MOSAIC.

Education And/or Experience

  • 1-3 years prior investment/client relationship/sales experience.
  • Familiarity with sophisticated investment solutions designed for high net worth individuals.
  • Proficiency in developing asset allocation strategies.

What We Offer

  • Competitive salary range: $72,000 – $80,000.
  • Paid time off and holidays.
  • 401(k) with match.
  • Exclusive discount programs.
  • Health and wellness programs.

Benefits

  • PeopleFirst culture focused on employee relationships.
  • Performance-based incentives.

Pay

The base salary offered will be determined by factors including, but not limited to, experience, credentials, education, certifications, skill level required for the position, the scope of the position, and geographic location.

Schedule

N/A

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