Portfolio Advisor, Wealth Management

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

Benefits offered by this job

401k and pension

Health & welfare benefits

Paid time off

Parental and caregiver leave

Life & accident insurance

Discretionary bonus (equity component)

Job summary

Northern Trust is seeking a Portfolio Advisor in Wealth Management to manage investment activities for high net worth and ultra-high net worth clients, coordinating with the client service team to meet objectives and adapt strategies as markets and goals evolve.

The role requires 8+ years in wealth management investing, strong knowledge of portfolio theory, and a CFA is preferred. US work authorization is required; the firm offers comprehensive benefits and growth opportunities.

Qualifications

• Minimum 8 years of investment experience with wealth management clients (HNW/UHNW).
• Knowledge of investment theory, portfolio management and financial principles.
• Professional designation (e.g., CFA) preferred.
• Strong decision making, sales and negotiation abilities.
• Ability to guide colleagues and lead initiatives.

Responsibilities

• Manage investment activities for a full set of major fee revenue accounts.
• Suggest investment objectives and design strategies for individual clients.
• Analyze and revise investment plans as goals evolve with client needs.
• Collaborate with client service team to coordinate portfolio activity.
• Demonstrate proficiency with new investment tools and methodologies.
• Adhere to investment guidelines and risk management practices.
• Provide feedback on national initiatives and changes.
• Lead and train peers as needed.

Skills

Investment experience

Decision making

Sales skills

Negotiation skills

Mentoring / leadership

Education

CFA designation preferred

Job description

About Northern Trust

As 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 MANAGEMENT

OH: R161703

• 1. 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 practices
• 10. Solves complex problems

The 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 USD

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 Authorization

Applicants 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 Us

As 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 Accommodation

Northern 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.