private client - City National Rochdale -- portfolio relationship manager

Water Cooler Careers
#1

Hi All,

Anyone have feedback on this firm? Here is a job description I found. I currently have 10 years in institutional asst mgmt experience, so it would be a switch to the private client side . Have CFA&MBA.

Thanks much for reading

  • Develop an asset allocation for each client that is consistent with their investment objectives and risk tolerance. - Design client portfolios through the use of individual stocks, bonds and funds, determined by the analysis our Research Team. This position is not a stock analyst position. - Understand the individual stock and bond research information provided by the research team in order to understand each company included in client portfolios and to effectively communicate with clients. - Ensure strategic changes are properly implemented into each client portfolio. - Meet with clients on a quarterly basis to review their asset allocations, stock holdings and discuss the performance of their portfolio. - Review quarterly investment reports for client presentations. - Work on a team with associates who are responsible for processing and managing all operational and administrative aspects of each clients account. - Meet with prospective new clients and partner with our Sales Consultants to win new clients. - Meet with existing clients on a regular basis to make in person presentations. Requirements*: - MBA in Finance or Economics and 5 + years of experience in handling HNW client relationships. - Passed at least two Levels of the CFA exam. - Strong interpersonal skills and a desire to regularly communicate with HNW clients and their advisors. - A strong understanding of the fundamentals of finance and investments. - Detail oriented with the ability to multitask, often unsupervised - Experience building investment models; and making group presentations. - Discretion with handling confidential documents and information. - Excellent interpersonal, organizational, verbal and written communication skills - Strong analytical skills - The ability to develop business relationships, both within and outside of the organization. - Travel Required
#2

I have worked on both side of things. You will bring lot of stuff on table from your institutional experience. It is not so hard to learn nuances of PWM. CFA level 3, pwm for individuals covers most of the ground. I had say you could be up and running in a month or so, if people withing your firm are willing to share with you how they do financial planning, assess risks and return requirements and make a suitable portfolio.

#3

I can’t give you any feedback on the firm but I can give you some comments on the role.

I think you have a great background for the role, given your education and work experience as you will be mainly responsible for managing the HNW investments. You would also need to become familiar with the financial planning aspects for HNW clients as well, but the firm may have someone who does the planning and you would work with (since planning isn’t listed in the job decription). I would suggest finding this out.

Why are you considering this role versus your current job?