Portfolio Advisor

Northern Trust; Chicago (IL); On-site; USD 114,500 - 194,700; Full time

Benefits offered by this job

Comprehensive benefits package

Discretionary bonus program

401k and pension benefits

Job summary

Northern Trust is seeking a Portfolio Advisor based in Chicago, IL, to manage investment activities for high net worth clients. The role involves developing tailored investment strategies and working closely with clients and client-facing teams to ensure their objectives are met.

Ideal candidates will have 6 to 8 years of experience in investment management, a deep understanding of financial principles, and strong decision-making skills. The position offers a competitive salary range of $114,500 - $194,700 along with a comprehensive benefits package including health insurance and retirement benefits.

Qualifications

• 6 to 8 years of investment experience with high net worth clients.
• Knowledge of accounting and financial principles.
• Ability to solve complex problems.

Responsibilities

• Manage investment activities for major fee revenue producing accounts.
• Develop and recommend investment strategies for clients.
• Coordinate portfolio activity with clients and legal advisors.

Skills

Investment management

Client management

Decision making

Negotiating skills

Education

Professional designation such as CFA

Job description

Portfolio Advisor

OH: R152496

Responsibilities

• Manages investment activities for a full set of major fee revenue producing accounts, representing high net worth (HNW), ultra-high net worth (UHNW) personal trusts in the Family Office Solutions (FOS) team.
• Assists in development and recommendations designed to achieve investment objectives for specific individual clients.
• Analyzes and plans the overall investment strategy with continuous revision as goals and objectives change and in the context of client needs while working closely and proactively with the broader client service team to identify and execute on areas of opportunity.
• Develops an influential presence within the local client‑facing team, clients, co‑trustees, consultants, the bank's legal area and outside attorneys to ensure communication of client requirements and coordinate portfolio activity.
• Consistently demonstrates proficiency with new investment strategies, tools and capabilities, and portfolio research and investment methodologies through regular contact and engagement with the National Investment and Goals‑Driven Wealth Management Practices, their peers, and broader Wealth and Asset Management.
• Accountable for personal adherence to best practices as measured by the PM Dashboard and related reporting.
• Accountable for personal execution of initiatives, new capability rollouts, and required training.
• Provides continuous feedback on areas for improvement to leadership on national initiatives, changes, and expectations.
• Adheres to National Investment Guidelines, feedback from the REV peer review process, and observes sound risk management practices.
• Solves complex problems.

Competencies

• Minimum 6 to 8 years of investment experience working with wealth management clients that consists of high net worth and ultra-high net worth clientele, including research that consistently meets long‑term investment performance objectives.
• Knowledge of investment and portfolio management theory, accounting and financial principles, associated investment strategies and instruments, and characteristics of various marketplaces, usually acquired through formal education and work experience, is required to manage portfolios. A professional designation such as CFA is preferred.
• Decision making, sales, and negotiating skills are required to contribute to the market’s revenue generation and guide sensitive or difficult situations through to agreement.
• Requires in-depth conceptual and practical knowledge in one’s own job discipline and basic knowledge of related disciplines.
• Acts as a resource for colleagues with less experience.

Salary Range

$114,500 - 194,700 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well‑being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Reasonable Accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail].