About the Job
We are looking for a Wealth Manager based in our New York City office.
The Wealth Manager’s primary responsibility is to support Senior Wealth Managers in the management of significant client relationships and execution of impact wealth management services in line with the best practices established by Veris Wealth Partners including by providing financial planning and prospective client proposal support. The Wealth Manager’s secondary responsibility is to take over lead management of legacy investment advisory client relationships as assigned. Client assignments will be made over time based upon experience and demonstrated capacity.
The ideal candidate will have strong client service and analytical skills, understanding of current economic and market perspective, as well as an authentic passion for sustainability issues and helping clients have an impact with their wealth. They will have the experience and aptitude to help clients in all stages of wealth management and life stages to articulate their impact and financial goals, and to construct and implement portfolios to meet those goals in a way that aligns with their values.
The position will require the wealth manager to oversee client service associates and may include direct supervision of client service associates.
Core Duties and Responsibilities
Work with Senior Wealth Managers (SWM) to develop and manage client wealth management plans
Maintain familiarity with clients’ financial and impact goals
Keep current on impact investing landscape and Veris approved strategies
Present updates on managers/funds in client meetings
Monitor ongoing transaction activity and performance of client accounts
Develop appropriate portfolio allocation proposals to meet clients’ financial and impact investing objectives
Rebalance and recommend portfolio changes in client portfolios as needed
Execute trades and implement portfolio changes
Update custom client performance reports
Update asset allocation spreadsheets
Update portfolio benchmarks
Respond to client inquiries and support SWM in oversight of all client service needs.
Coordinate with clients’ tax, estate, and other advisors
Proactively prepare, schedule, and attend periodic portfolio review meetings
Document client meeting discussions, decisions, and follow-ups
Respond to client requests: information, reports, wires, checks, journals, etc.
Gather and send tax-related documents to clients and accountants
Distribute client quarterly reports, newsletters and other communications
Client account, record, and performance administration
Conduct client-specific projects as necessary
Develop financial plans for clients
New Client Acquisition
Support the SWMs’ process for identifying and cultivating prospects
Support the SWMs in transitioning prospects to clients
Create customized proposals for prospective clients
Oversee and review quality and completion of work of client service associates
Supervise, manage and develop client service associate direct reports
Expand wealth management knowledge through ongoing education
Expand financial planning knowledge through ongoing education
Expand impact investing knowledge through ongoing education
Participate in the Veris Investment Working Group
Follow all firm compliance procedures
Bachelor’s Degree in business or related field preferred
CFP, CIMA, CFA, or progress towards a certification preferred
Minimum of 3 years’ experience in financial services
Prior experience as a support advisor preferred
Prior experience supporting large, complex family and/or institutional relationships preferred
Knowledge and experience with impact investing products and solutions preferred
Knowledge and experience with financial planning, cashflow planning, trusts, intergenerational wealth planning, and retirement planning preferred
Knowledge and experience with portfolio construction, IPS development, asset allocation, manager selection, and monitoring preferred
Demonstrated commitment to impact investing and/or the advancement of environmental and social sustainable practices
Demonstrated aptitude for qualitative and quantitative analysis
Experience leading, mentoring and developing others preferred
Experience supporting the sourcing and closing of new business preferred
Strong oral and written communication skills
Strong attention to detail and total quality focus
Excellent organization skills
Advanced skills in Microsoft Office, Word and Excel preferred
Experience with Fidelity Wealthscape, Schwab Institutional, Envestnet, and Salesforce preferred
Exceptional interpersonal skills
Passion for achievement
To apply, please submit your resume and a cover letter outlining your specific interest in this opportunity to David@newlevelresources.com with NY Veris / Wealth Manager and your name written in the subject line. Resumes will be reviewed as received.
Veris Wealth Partners
Veris Wealth Partners is an impact wealth management firm serving individuals, families and private foundations across the U.S. The Veris team helps clients achieve their financial objectives by aligning their wealth with their values. Veris believes that superior investment performance and positive impact are complementary parts of a holistic investment strategy. Veris develops customized strategies that manage and preserve wealth across generations by investing in companies focused on sustainability and Environmental, Social and Governance (ESG) principles.
Veris is a proud Best for the World® Overall Honoree (2018, 2017, 2016, 2015, 2014, 2013) and Best for the World® Worker Honoree (2018, 2013).
Veris has offices in New York City, San Francisco, Portsmouth, NH, Boulder, CO, and Shelburne Falls, MA. For more information, please visit our website: www.veriswp.com.