Investment Operations Associate


Job Details

High producing, massively growing firm is looking for a dynamic, experienced professional to join our team as an Investment Operations Associate. Detail-oriented and always connecting dots, they bring knowledge of operations and are energized by partnering with other areas of the practice as needed. Comfortable working autonomously and within a high-performing team, this candidate is a smart, take-charge individual with effective communication skills and impeccable follow-through.


How Others Describe You

A person of integrity who finishes what you start; a process-oriented, self-energized, organized multi-tasker who works well in a fast-paced environment and prioritizes tasks for exceptional delivery; pleasantly persistent, comfortable creating urgency to help others achieve their goals; compliance-minded while also being an innovative thinker that collaborates with others to build and maintain operational processes.


Description of Position

Ensure high-caliber member service through day-to-day execution and next-level process innovation, including but not limited to:


Support

Documenting investment tasks and actions with diligence, timeliness, and transparency

Responding to corporate office account inquiries

Maintaining annual review notes pertaining to investments

Monitoring industry trends and research

Monitoring daily reports via NetX360

Understanding functionality and efficiently handling member cash management accounts

Ensuring compliance requirements are implemented and followed


Proposals and Case Prep

Preparing for annual reviews by running investment reports

Preparing and modifying investment proposals

Preparing letter of instruction for member signature

Preparing investment policy statement and statement of investment selection


Processing Accounts

Preparing and processing all paperwork needed for investment brokerage/advisory accounts

Processing and monitoring funding and asset transfers to ensure selected asset allocation is implemented

Identifying appropriate forms and guiding members to successful completion

Discussing potential rollover opportunities from other retirement plans

Executing back door Roth IRA and Roth Conversions

Receiving and forwarding checks and related paperwork to investment operations area

Processing proposal amendments in Envestnet

Monitoring Envestnet and NetX360 for alerts and upcoming annual reviews

Rebalancing portfolios within the investment platform

Administering investment accounts according to program guidelines

Executing investment strategies, like Tax Loss Harvesting


Member Service

Servicing member needs and persistently following up to complete investment services in a timely manner

Contacting members on behalf of advisors to develop advisory plan

Explaining advisory products or advisory performance

Accepting redemptions/withdrawals from members and communicating instructions to home office

Discussing tax consequences, costs and advisory fees with members

Supporting advisors in addressing down-market opportunities

Running performance reports in Envestnet, Morningstar and proprietary software tools


Character Traits

Works well in a fast-paced environment and can prioritize tasks

Completes tasks quickly without sacrificing quality and accuracy

Highly accountable and goal-oriented, with impeccable follow-through

Extremely strong confidentiality and work ethic

Energetic, proactive, and comfortable learning on the fly

Competitive by nature, with an optimal balance of assertiveness, communication, and team-player attitude

Extraordinary customer service and professionalism

Prompt with time and deadlines


Requirements

Demonstrated commitment to education and growth

3+ years of experience handling investment operations serving personal market clients

FINRA SIE exam

FINRA Series 7 (or already has 6 and will obtain 7 within 3 months)

FINRA Series 63 exam

Fluent with CRM Systems, Microsoft Excel, and great at writing


Growth Potential

Our firm is growing and looking for an A player who wants to grow with us and aspires to pass the Series 7 and become an Associate Wealth Management Advisor.


Compensation

Base Salary, Bonus Opportunities, 401(k) with matching, paid time off, and health, vision, and dental insurance; short-term and long-term disability and life insurance.





 Lux Wealth Planning

 06/01/2024

 Washington,DC