Portfolio Advisor, Wealth Management

Northern Trust Corp.; Lake Forest (IL); On-site; USD 115,000 - 195,000; Full time

Benefits offered by this job

401(k) and pension

Health and welfare benefits

Paid time off

Job summary

Northern Trust seeks a Portfolio Advisor, Wealth Management to manage investment activities for high net worth clients within a Wealth Advisory team in the United States. You will develop investment objectives and collaborate with the client service team to meet goals end-to-end.

The ideal candidate brings 8+ years of investment experience, solid portfolio management knowledge, and may hold a CFA designation. Strong decision-making and negotiation skills are essential for success in this role.

Qualifications

• 8+ years of investment experience with wealth management clients.
• Strong knowledge of investment theory and portfolio management.
• Excellent decision making and negotiation skills are required.

Responsibilities

• Manage investment activities for high net worth and UHNW accounts.
• Develop and recommend investment objectives to achieve client goals.
• Collaborate with client service team to identify opportunities and execute portfolios.
• Adhere to investment guidelines and report on performance and risks.

Skills

Investment knowledge

Portfolio management

Decision making

Negotiation

Sales skills

Education

CFA (preferred)

Job description

About Northern TrustAs a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.PORTFOLIO ADVISOR, WEALTH MANAGEMENTOH: R1617031. 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 a Wealth Advisory team.2. Assists in development and recommendations of designed to achieve investment objectives for specific individual clients.3. Analyzes and plans the overall investment strategy with continuous revision as goals and objectives change and in the context of client needs working closely and proactively with the broader client service team to identify and execute on areas of opportunity.4. Developing 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.5. 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.6. Accountable for personal adherence to best practices as measured by the PM Dashboard and related reporting.7. Accountable for personal execution of initiatives, new capability rollouts, and required training.8. Provides continuous feedback on areas for improvement to leadership on national initiatives, changes, and expectations.9. Adheres to National Investment Guidelines, feedback from the REV peer review process, and observes sound risk management practices10. Solves complex problemsThe ideal candidate will benefit from having the following competencies:Minimum 8 years of investment experience working with wealth management clients that consists of high net worth and ultra-high net worth clientele. This will include research, in which consistent long term investment performance has met 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 e.g. 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 own job discipline and basic knowledge of related job discipline.Acts as a resource for colleagues with less experience.Salary Range:$114,500 - 194,700 USDSalary 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.Work AuthorizationApplicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).Working with UsAs a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.Reasonable AccommodationNorthern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail], or alternatively you can discuss your individual requirements with the recruiter you are working with.