Qualifications/Job Description
Duties and Responsibilities:
Daily Activities:
- Provide Oversight for:
- Trades, contributions, withdrawals, transfers
- Performance reporting activities
- Money manager activity
- Investment partnership activity
- Custody relationships
- Account Openings & Maintenance
- 1099 Distributiond
- Manage and delegate work to analysts
Monthly and Quarterly Activities
- Prepare Advent extract for Partner investor allocations
- Schedule the release of quarterly client performance reports
- Review and approve reconciliation reports between the custodial statements and portfolio accounting system
- Work with Investment Team to consolidate and execute partnership level transactions
- Work with Advisory Team to consolidate and execute investor level partnership transactions.
Ongoing Activities:
- Manage data within the Portfolio Accounting System relative to:
- Daily Pricing
- Realized gains/losses
- Foreign stock exchanges
- Deemed sales
- Tax Basis
- Transactions
- Performance
- Administer Portfolio Accounting System (Advent) user accounts
- Administer Custodian (Pershing) platform user accounts
- Coordinate training on platforms
- Perform investment account administration
- prepare brokerage account application
- Partnership agreements
- transfers of securities
- coordinate wire transfers
- assist in reconciliation of securities trading activities)
- Reconcile tax basis information
- Develop and document procedures and methodology
Skill Set and Experience Requirements:
- Experience (3+ years) with Advent Axys, Advent Partner or substantially similar technology
- Knowledge and understanding of investments/securities operations and the delivery of professional client services (account maintenance, trading, ACATs, transfers, wires)
- Thorough understanding of performance calculations and related mathematics (Internal Rate of Return, Time Weighted Return)
- Experience leading a team of directly reporting staff as well as outsourced partners
- Strong interpersonal, organizational and communication skills
- Extensive knowledge Microsoft Office applications (Word, Excel and PowerPoint)
Other Essential Candidate Traits:
- Willingness to learn, expand responsibility
- Ability to maintain extreme confidentiality in dealing with client matters
- Ability to “multi-task”, manage several projects at one time
About Tolleson Wealth Management
We are a growing private wealth management firm specializing in the needs of wealthy individuals. The services we provide include investment management, private banking, estate planning, charitable gifting planning, debt management, tax planning and compliance, financial statement preparation, bill payment, aircraft management, and insurance coordination. We are happy to be recognized as one of the Top 100 Places to Work in Dallas by the Dallas Morning News!
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