Investment Operations Associate

Legacy Advisors, LLC; Harmonville (PA); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

Life Insurance

AD&D Insurance

FSA/Dependent Care

401(k) Plan

Paid Time Off

Professional Growth

Job summary

Legacy Advisors, LLC is seeking an Investment Operations Associate to deliver a superior client experience by managing the full onboarding cycle, including transfers, openings, and data feeds. You will support the investment team with reporting, trading, and issue resolution while maintaining data integrity across multiple custodians.

The role requires 3+ years in financial services, a BA/BS, and familiarity with performance reporting software.

Qualifications

• 3+ years’ experience in the financial services industry.
• BA or BS degree.
• Experience with performance reporting software.
• Experience in a multi-custodial environment (preferred).
• Familiarity with account aggregation and portfolio accounting systems.
• Familiarity with investments (Mutual Funds, Stocks & Bonds, SMA, LPs, Hedge Funds & Private Equity).
• Proficiency in Word, Excel, and Outlook.

Responsibilities

• Onboard new clients from start to finish, including account transfers and openings.
• Coordinate money movements and data feeds for client accounts.
• Support investment team with reporting, trade execution, and reconciliation.
• Manage Black Diamond reporting for new accounts, portfolio assignments, and performance issues.
• Build repeatable workflows to improve efficiency of onboarding and reporting.
• Provide superior client service and issue resolution.
• Ensure data integrity and timely delivery of reports.

Skills

Strong analytical skills

Organized, detail-oriented

Excellent written and verbal skills

Team player

Entrepreneurial mindset

Strong work ethic

Deadline-oriented

Education

BA or BS degree

Tools

Black Diamond

Performance reporting software

Portfolio accounting systems

MS Word

MS Excel

Outlook

Job description

Position Summary: The Investment Operations Associate has the responsibility to deliver superior client experience for Legacy. This role requires collaboration across various departments and associates throughout the firm. In this role, you will be managing the new client onboarding process from start to finish including account transfers, account openings, money movements, data feeds, performance reporting and trading with an eye towards creating and ongoing refinement of efficiencies around the Investment Operations workflows and processes. Oversight of accurate deployment of client and firm-related tasks such as preparation of reports, maintaining data integrity, asset transfers, and ongoing support of their portfolio and investment strategies will be a significant part of this position. You will play an integral part in helping our clients implement their investment planning strategies to ensure their assets are always aligned with their objectives.

Position Responsibilities

• Maintain a strong knowledge of industry trends including publicly traded securities and alternative investments.
• Work to solve complex cases and create solutions to assist advisors in building effective plans for our clients.
• Manage Black Diamond reporting system for new accounts, portfolio assignments, and performance issues.
• Build repeatable workflows for implementation to achieve efficiency of tasks around:
  • Black Diamond reporting (transaction maintenance)
  • Private investments
  • Completion of subscription documents
  • SMAs
  • 529 Plans
  • Account opening
• Oversight of money movements.
• Facilitate and execute transfers of assets between banks, brokerage firms, trust companies, asset managers and private investment vehicles (e.g. money wires, journal entries, check requests, securities transfers, or gifts).
• Provide daily support of the investment team as needed.
• Deliver superior client service and troubleshooting of problems.
• Trade execution and reconciliation
• 3+ years’ experience in the financial services industry.
• BA or BS degree.
• Experience with performance reporting software
• Experience in a multi-custodial environment (preferred).
• Familiarity with account aggregation and portfolio accounting systems.
• Familiarity with investments [e.g. Mutual Funds, Stocks & Bonds, Separately Managed Accounts (SMA’s), Limited Partnerships (Hedge Funds & Private Equity)].
• Familiarity with common high-net-worth family wealth structures, including trusts (preferred).
• Investment Advisor (IA) Policies and Procedures.
• Proficiency in Word, Excel, and Outlook.
• Strong analytical skills.
• Organized, detail-oriented and able to multitask.
• Ability to make and meet deadlines while maintaining a professional demeanor.
• Excellent written and verbal communication skills.
• Team player, collaborative with excellent problem-solving skills.
• Desire/ability to work successfully in an entrepreneurial environment.
• A strong work ethic. Takes ownership of actions and responsibilities.
• Commitment to Legacy’s Core Values of:
  • Client First
  • Work Hard
  • Excellence
  • Positive Attitude
  • Respect
  • Always Do the Right Thing

About Our Firm

Legacy Advisors, LLC is a premier Wealth Management firm headquartered in Plymouth Meeting, PA. We are a well-established and growing RIA with expertise in investment and financial planning for ultra-high-net-worth ($25M+) individuals and business owners. As an independent, fee-based firm, we are committed to helping our clients achieve peace of mind by serving them with the highest level of integrity, ensuring that their business and personal affairs are always in order. The common trait they share is too little time to take care of the strategic and tactical planning needed to secure their financial objectives.

• Medical, Dental, and Vision Insurance
• Group Life, Short-Term Disability, and Long-Term Disability– provided atno costto the associate
• Voluntary Life and AD&D Insuranceoptions available
• Flexible Spending Accounts (FSA)andDependent Care Accounts
• 401(k) Plan
• Paid Time Off (PTO)
• A culture of professional growth, stability, and long-term success