At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

Ascent Private Capital Management services US Bank clients with net worth more than $75MM, with average client assets above $100MM. Our investment consultant professionals design investment programs to meet the unique needs of multi-generational wealth and the complexities it can create for our ultra-high net worth clients and their families. The Investment Consulting practice provides Ascent’s ultra-high net worth clients with tailored and customized investment advice and supervision, leveraging expertise in all areas of private and public markets.

The Director, Investment Consulting (DI) works directly with the Managing Directors of Investment Consulting (MDI) to implement, monitor and maintain the overall investment philosophy for our clients, including the development of the family investment policy, asset allocation, manager search and selection and ongoing performance monitoring and evaluation, and will have face-to-face interactions with UHNW clients. At the direction of the MDI, the DI is responsible for asset management oversight, asset allocation, manager selection, due diligence coordination, performance reporting, and portfolio rebalancing.

Under the guidance and leadership of the Managing Directors, the DI may manage client relationships with families or individuals that have at least $75MM in net worth. To best fit this firm’s unique, team-based culture, the ideal candidate performs best in a highly collaborative, collegial, fast paced, team-approach model. The DI should be able to thrive in an environment working with exceptional people, with the ability to work alongside highly trained and educated professionals. This position is not responsible for new client acquisition.

Essential Functions:

• Provide and/or coordinate advice and counsel to clients and prospects in the areas of investments.
• Must demonstrate excellence in written and verbal communications skills.
• Exude trust and confidence.
• Ensure the investment functions are performed at an exceptional level while maintaining proper risk management and client satisfaction.
• Proactively identify potential client growth opportunities and/or high-risk situations
• Responsible for the coordination of investment team functions to ensure the Ascent client experience is consistently meeting the standards set forth by leadership.
• Consult with clients about their business, financial and personal objectives that may include discussions on managers or opportunities they are contemplating from their own networks.

Minimum Requirements:

• Minimum of 7+ years’ experience in a consultative investment role with demonstrated success in managing relationships with and delivering advice to ultra-affluent clients, business leaders, and/or institutional investors
• Some understanding of the key aspects of the investment management process including objective setting, asset allocation and investment policy, manager/strategy search & selection, implementation, and on-going monitoring and evaluation delivered within a team-based approach.
• Deep desire for continued learning and understanding the various aspects of portfolio construction, financial markets, investment structures, behavioral finance, and personal finance.
• Experience with business writing on markets and descriptions of investments and past events
• Depth of experience in at least one asset class such as equity research, private equity, or real estate and experience with manager selection & due diligence and building manager relationships
• Experience and knowledge of investment vehicles including mutual funds, ETFs, partnerships, stocks, bonds, and separately managed accounts; experience with private investment vehicles and related documents
• Preferred administrative & operational experience: trade order management, performance reporting, portfolio accounting, cash transfers/requests, account opening, and understanding of trust structures.
• Solid understanding of Excel required. Knowledge of common investment industry software applications a plus: FactSet, Envestnet, Addepar, MyVest, Charles River, Morningstar Direct.
• Understanding and/or experience with the private markets – venture capital, private equity, real estate, and the M&A process
• An apprenticeship mindset with desire for mentorship and goals of developing into an accomplished investment professional and advisor to families and family members of all generations.
• Bachelors’ degree required; MBA and/or CFA designation preferred.

Total compensation for this role is highly competitive and substantially above market including a generous short -term and long-term incentive bonus; base salary may differ from the range indicated in the job posting.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• Healthcare (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability

• Pregnancy disability and parental leave

• 401(k) and employer-funded retirement plan

• Paid vacation (from two to five weeks depending on salary grade and tenure)

• Up to 11 paid holiday opportunities

• Adoption assistance

• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $139,230.00 - $163,800.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.