Private Wealth Advisor

The main purpose of this job is to oversee and manage the investment team, manage complex client portfolios, and build meaningful relationships, by providing comprehensive investment planning and managing the day-to-day administration of client accounts. Develop investment strategies and manage client portfolios according to established goals and objectives, and in accordance with all internal and regulatory investment and fiduciary guidelines.

Responsibilities

Oversee and manage the investment team; Manage complex client portfolios; Build meaningful relationships by providing comprehensive investment planning and managing the day-to-day administration of client accounts; Develop investment strategies and manage client portfolios according to established goals and objectives; Manage client relationships with an emphasis on prudent fiduciary risk management, relationship growth and exceeding client expectations; Identify opportunities for business referrals and take appropriate action; Analyze clients’ complete financial picture and construct individually tailored investment portfolios; Work with clients to develop comprehensive wealth management strategies; Determine client’s risk profile and educate the client about investment risks and the risk/reward tradeoff; Create an appropriate investment portfolio ensuring implementation and execution of investment strategies; Ensure accounts are structured to comply with client’s investment policy statement; Provide ongoing client communication, monitoring and rebalancing of portfolio; Confer with others on investment team to determine consequences of investment decisions; Perform investment research and stay informed of security markets, economic environment, regulations, fiduciary law and tax law; Work as part of a team to deliver clients a diverse set of financial solutions; Cultivate new client relationships, prospect new clients, secure additional assets from existing clients; Lead, mentor and motivate team members to implement department strategy; Perform all necessary management functions, including hiring, evaluations, annual increase allocations and disciplinary action; Communicate decisions, priorities and relevant information to team members; Support budget management, planning and expenditure; Perform other duties as assigned

Requirements

Bachelor’s degree in Finance, Economics, related field or equivalent combination of education and experience; 15+ years experience successfully managing investment portfolios for a wealth management company; 7+ years of investment leadership/supervisory experience; Asset allocation process experience; Strong knowledge of the investment field, including knowledge of best practices; Working knowledge of portfolio theory with understanding of fiduciary law; Exceptional relationship management skills and the ability to serve on various internal investment committees; Ability to lead round table discussions and investment seminars; Ability to maintain a valid driver’s license and meet Commerce Bank’s driving record criteria; Strong critical thinking skills with the ability to apply discretion and sound judgement; Ability to drive results and balance management of organizational risk and meeting goals of the business; Strong leadership skills with ability to motivate team members and foster a positive team environment; Outstanding interpersonal and relationship building skills with the ability to effectively communicate with all levels of the company; Ability to remain adaptable and resilient to all situations with an optimistic outlook; Basic level proficiency with Microsoft Word, Excel, Teams and Outlook

Nice to have

Master’s degree in Business; Experience with Salesforce; Professional certifications such as CFA (Chartered Financial Analyst) or CFP (Certified Financial Planner)

Benefits

Employer sponsored health, dental, and vision insurance; 401(k); life insurance; paid vacation; paid personal time; career development; education assistance; voluntary supplemental benefits