About the position
Capital Group Private Client Services is a privately-owned wealth management firm committed to delivering premium, personalized service and superior long-term investment results and comprehensive advisory capabilities to a select group of wealthy individuals, trusts, and foundations. We are backed by the global resources of Capital Group - one of the world's oldest and largest asset management firms, with nearly 8,000 employees in offices around the world. The firm is comprised of two hundred dedicated associates including forty-four Private Wealth Advisors. The Advisors are supported by the firm's Wealth Advisory Group, with access to experts in such areas as financial and legacy planning, tax and estate planning, asset allocation, investment manager research and philanthropy, as well as the Client Relationship Team, providing direct support of the Advisors and their practices. PCS was founded in 1974 and began as an in-house family office for of the Capital Group organization, and a third of clients are still current or former Capital Group associates and their families. Clients entrust PCS to manage $38 billion in assets with an average client relationship of $15 million. You will be responsible for the full product development and management life cycle for investment products and services offered to PCS' high-net worth clients. You'll be primarily responsible for leading the expansion of PCS' alternative investment services platform as well as overseeing the existing investment services and capabilities (SMAs, ETFs, third-party funds, etc.). You'll build out and manage marketing materials, due diligence, policy and operational processes. You'll educate advisors and meet with clients to explain alternatives investment strategies and results. You'll help to develop asset allocation guidance. You'll partner with Private Client Operations and PCS IT to develop scalable processes and infrastructure.
Responsibilities
- Lead the full product development and management life cycle for investment products and services.
- Oversee the expansion of PCS' alternative investment services platform.
- Manage existing investment services and capabilities including SMAs, ETFs, and third-party funds.
- Build out and manage marketing materials, due diligence, policy, and operational processes.
- Educate advisors and meet with clients to explain alternative investment strategies and results.
- Develop asset allocation guidance.
- Partner with Private Client Operations and PCS IT to develop scalable processes and infrastructure.
Requirements
- Bachelor's degree in finance, business, or a related field.
- 7+ years of experience in investment services, focusing on alternatives and private market asset classes.
- In-depth knowledge of the wealth management business.
- Advanced knowledge of alternative investment products and the competitive landscape and trends.
- Advanced knowledge of investment analysis and asset allocation concepts, preferably with CFA, CAIA, and/or CPWA designations.
- Effective written and oral communication skills to engage with a wide range of stakeholders.
- Experience mentoring associates and managing a team directly and/or in a matrixed environment.
Benefits
- Highly competitive base salary.
- Individual annual performance bonus.
- Capital's annual profitability bonus.
- Retirement plan with Capital contributing 15% of eligible earnings.
