Alternatives Associate

Position Summary

Focus Partners Wealth is seeking an Alternatives Associate to will work closely with the firm’s Wealth Management Team.

Focus provides team members the flexibility to work a hybrid schedule. Our hybrid model is defined as 3 days in office work required per week, while giving team members the option to work remotely 2 day per week, or as assigned by their team leader.

Primary Responsibilities

• Prepare and review subscription documents for alternative investments (i.e., private equity funds, private real estate funds and hedge funds) and handle follow up questions and requests for supporting materials.
• Identify operational process improvements and contribute to the implementation of productivity and efficiency improvements to drive exceptional client service and risk mitigation.
• Work closely with our Wealth Management Team to satisfy AML/KYC requirements for client investments in alternative investments.
• Review and understand offering documents (PPMs), limited partnership agreements and related documents for alternative investments.
• Assist in developing, educating, and training the firm’s staff on alternative investment operations processes.
• Track closing dates and other deadlines for alternative investments, ensuring timely completion.
• Play a significant role in assisting in the development of robust processes and reports to keep the Wealth Management Team informed about crucial pre-fund status, processes, and requirements.
• Monitor and reconcile money movement associated with capital activity.
• Communicate effectively with internal teams, fund managers, investors, custodians, and auditors, fostering strong relationships.
• Assist with the distribution of tax documents and audited financial statements.
• Onboard new alternative investment offerings to the firm’s platform.
• Maintain accurate client records and record information in the firm’s CRM.
• Execute service requests in conjunction with the Wealth Management Team and maintain appropriate follow-up with sponsors, custodians, and clients.
• Assist with recurring audits, reporting, and projects as needed.
  
  

Qualifications

• Required: 3 years of experience in the alternative investments or wealth management industry.
• Bachelor's degree in finance, business administration, or a related field (or equivalent work experience).
• Prior experience completing or reviewing subscription documents for private equity funds, private real estate funds, and/or hedge funds.
• Familiarity with trust, estate, and legal entity structures.
• Know Your Client and Anti-Money Laundering experience (KYC/AML).
• Proficiency in Microsoft Excel and ability to learn new applications.
• High attention to detail and organizational skills.
• Ability to work in a fast-paced environment while managing numerous projects and clients.
• Ability to work independently and take initiative while also being a team player.
• Strong interpersonal skills and a positive attitude.
• Adaptability and ability to learn new concepts quickly.
• Excellent problem-solving skills.
• Outstanding customer service skills.
• Excellent communication and organizational skills.
• Capability to develop and deliver innovative ideas as the position grows.
• Ability to collaborate and work with teammates to accomplish daily deliverables.
  
  

This position is an non-exempt position. The annualized base pay range for this role is expected to be between $75,000–$80,000 base salary compensation range. Actual base pay may vary based on factors including, but not limited to, experience, subject matter expertise, geographic location where work will be performed, and the applicant’s skill set. The base pay is just one component of the total compensation package. Other rewards may include an annual cash bonus and a comprehensive benefits package, including but not limited to medical, dental, vision, life insurance, and 401(k). Please note that the job title is subject to change based on the selected candidate’s experience and education.

Focus Partners Wealth is an organization of wealth, asset, and business management resources that brings strength, innovation, and partnership to client relationships. Through a comprehensive range of services, Focus Partners Wealth supports clients at every stage of life, helping them manage their financial future. With over $180 billion in regulatory assets under management, Focus Partners Wealth uses research-backed investment strategies to create custom-built portfolios and delivers personalized wealth planning solutions to clients in all 50 states. Focus Partners Wealth is part of Focus Financial Partners, a leading financial services firm comprised of wealth management, family office, and business management services. To learn more about Focus Partners Wealth, visit focuspartners.com or follow the company on LinkedIn.

Focus is an equal opportunity employer and bases its employment decisions on the employee or candidate’s skillset, and without regard to an employee or candidate’s race, color, religion, sex (including pregnancy), gender identity, sexual orientation, national origin, age, disability, genetic information, veteran status, or any other characteristic protected by local, state and/or federal law.

Focus complies with federal and state disability laws and makes reasonable accommodations for applicants and employees with disabilities. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact careers@focuspartners.com.

For Indiana Applicants: It is unlawful for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.

For Maryland Applicants: I UNDERSTAND THAT UNDER MARYLAND LAW, AN EMPLOYER MAY NOT REQUIRE OR DEMAND, AS A CONDITION OF EMPLOYMENT, PROSPECTIVE EMPLOYMENT OR CONTINUED EMPLOYMENT, THAT ANY INDIVIDUAL SUBMIT TO OR TAKE A POLYGRAP OR SIMILAR TEST. AN EMPLOYER WHO VIOLATES THIS LAW IS GUILTY OF A MISDEMEANOR AND SUBJECT TO A FINE NOT EXCEEDING $100.

For California Applicants: Information on your California privacy rights can be found here

For Massachusetts Applicants: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this shall be subject to criminal penalties and civil liability.

For Montana Applicants: If hired, the employment relationship is governed by the Wrongful Discharge from Employment Act. Mont. Code Ann. Section 39-2-901.

For Rhode Island Applicants: Focus is subject to Chapters 29-38 of Title 28 of the General Laws of Rhode Island and is therefore covered by the state’s workers’ compensation law. If you willfully provide false information about your ability to perform the essential functions of the job, with or without reasonable accommodations, you may be barred from filing a claim under the provisions of the Workers’ Compensation Act of the State of Rhode Island if the false information is directly related to the personal injury that is the basis for the new claim for compensation. The Company complies fully with the Americans with Disabilities Act.