Alternative Investment Strategist

rbc; Minneapolis (MN); On-site; USD 90,000 - 160,000; Full time

Job summary

RBC US Wealth Management seeks an Alternatives Investment Strategist to lead and coordinate our alternatives initiatives. You will work with PAG and internal teams to empower advisors with insightful market views and portfolio positioning.

You will publish analyses, run webcasts, and partner with Marketing to enhance content while reviewing UHNW portfolios and developing an actionable investment framework in alternatives.

Qualifications

• Bachelor's degree in Finance or Economics is required.
• 10+ years in the financial industry with demonstrable investment experience.
• 5+ years as an investment strategist or related role.
• Series 7 and 66 or ability to obtain within 180 days.
• Past work with financial advisors and wealth management teams.
• Knowledge of complex investments and esoteric strategies.
• Strong wealth management and product knowledge.
• Ability to listen to client needs and guide decisions.
• Strong analytical and problem-solving capabilities.
• Understanding of asset allocation, risk/return analytics, and performance reporting.

Responsibilities

• Publish internal and external materials about the alternatives market.
• Organize webcasts on alternatives topics and market outlook.
• Collaborate with Marketing to support campaigns and web content.
• Work with Investment Committees to formulate market views.
• Review client portfolios with focus on alternatives.
• Create and implement proactive client service models.
• Stay current on trends to inform recommendations.
• Develop framework to communicate risks/opportunities in alternatives.
• Communicate cross-asset views to clients via presentations and publications.
• Research model portfolios including alternatives.

Skills

Bachelor's in Finance/Economics

10+ years industry experience

Investment strategist experience

Series 7/66 licensed

Experience with financial advisors

Wealth management expertise

Analytical skills

Communication skills

Portfolio construction knowledge

Education

Bachelor's degree in Finance or Economics

Job description

Job Description

What is the opportunity?

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 on developing, coordinating, and executing our alternatives ambitions. The role is part of the Portfolio Advisory Group (PAG). PAG's mandate is to enable RBC-WM financial advisors to consistently deliver investment advice and solutions to their clients with the highest level of competence and confidence and your role will empower financial advisors with thoughts on the asset class and portfolio positioning.

What will you do?

• 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 review of client portfolios and allocations with 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 (our cross-asset investment views) and economic perspectives to clients, via client presentations, publications or product-oriented marketing programs
• Relate key market developments to the positioning within managed portfolios to clients, specifically within alternative asset classes
• Research model portfolio development that includes alternative investments

What do you need to succeed?

Must-have

• Bachelor's degree, preferably in Finance or Economics
• 10+ years' financial industry experience
• 5+ years' experience as an investment strategist or similar role
• Series 7 & 66 licensed or ability to obtain in 180 days
• Previous experience working with financial advisors
• Knowledge of complex investment structures and esoteric investments
• Exhibits wealth management and investment products expertise
• Able 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. Must be able to maintain relationships that will relate to the overall success of the established firm goals

Nice-to-have

• CFA®, CAIA®, or CFP® designation or working to obtain
• 2+ years HNW client experience
• Portfolio management experience
• Experience in investment performance and risk analysis, particularly as it relates to multi-asset portfolio management
• Experience recommending and researching private investment opportunities and how they fit into a well-diversified high-net worth portfolio

What's in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

A comprehensive Total Rewards Program include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.

Leaders who support your development through coaching and managing opportunities.

Ability to make a difference and lasting impact.

Work in a dynamic, collaborative, progressive, and high-performing team.

Opportunities to do challenging work.

Opportunities to build close relationships with clients.

The expected salary range for this particular 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 your experience, skills, and registration status, market conditions and business needs.

You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC's high-performance culture
• Enables collective achievement of