What are the responsibilities and job description for the Director of Alternative Investments position at Prime Capital Financial?
Prime Capital Financial (“Prime”)
Prime Capital Financial is a Registered Investment Advisor (“RIA”) with over $30 billion in assets under management (AUM).Our over 200 advisors and over 300 other team members serve clients in 48 states out of 60 offices throughout the country. PCIA operates primarily through four brands. Prime Financial Wealth serves over 15,000 individual wealth management households and provides a full array of services, from financial planning to investment management. Prime Family Office provides bespoke financial, accounting, estate planning, and advisory services to ultra-high net worth families. Prime Financial Retirement delivers retirement plan consulting services to employers across the US, serving 800 employers and several hundred thousand retirement plan participants.Prime Financial Wellness provides financial wellness, education, and asset management services to retirement participants and data analytics services to employers.
Position Overview Prime has a 14-person investment team responsible for managing over $30 billion of client assets across a variety of strategies, asset classes, and portfolios. The investment team is organized into five main functional units: asset allocation and retirement plan models; custom and equity portfolios; alternative investments; trading and investment operations; and advisor support. The Director of Alternative Investments will lead the alternative investments unit, which encompasses any non-daily liquid investment strategy or fund, including private equity funds, private debt funds, infrastructure funds, multi-asset class funds, hedge funds, and direct co-investments in private companies. Alternative investments is a major area of growth for our firm given both client demand for access to alternative markets and the increasing proliferation of points of access to these markets for non-institutional clients.
Duties and Responsibilities
The Director of Alternative Investments will have five primary responsibilities. First, to monitor and oversee existing alternative investments, which presently aggregates to more than $1 billion of AUM and is growing more than 20% annually. Second, to administer the new alternative investment opportunity search, due diligence, and approval presentation process. Third, to present new alternative investment opportunities to advisors and clients and educate these stakeholders on the merits and risks of each alternative investment. Fourth, to manage our proprietary, multi-manager alternative investment vehicle. Fifth, to present to groups of clients and create marketing content on the topic of alternative investments. In addition to these primary responsibilities, the Director of Alternative investments will also manage our third-party, white-label alternative investment platform vendor and work closely with the broader investment team to share insights and drive optimal public / private portfolio construction across client accounts.
Personal Competencies & Attributes
Minimum of 5 years’ experience in the investment management business with detailed knowledge of alternative investment segments, including private equity, private debt, infrastructure/real estate, and multi-asset class funds.Strong understanding of various investment vehicle types (i.e., 3(c)7 funds, 40-Act vehicles, Series LLC structures) and SEC investor qualification rules (i.e., Accredited Investor, Qualified Client, Qualified Purchaser)Significant experience conducting alternative investment fund due diligence and monitoring. Excellent verbal and written communication skillsHigh quality of work standards and attention to detailExperience having managed a team of service professionals in accomplishing business unit objectives.Strong work ethic, internal motivation, and ability to learn new skills and competencies
Compensation
A competitive compensation package will be provided, including:Strong Base CompensationCompetitive Variable Compensation Competitive Benefits Package
The compensation plan details will be custom-designed to meet the needs and experiences of qualified and interested candidates.
Prime Capital Financial is a Registered Investment Advisor (“RIA”) with over $30 billion in assets under management (AUM).Our over 200 advisors and over 300 other team members serve clients in 48 states out of 60 offices throughout the country. PCIA operates primarily through four brands. Prime Financial Wealth serves over 15,000 individual wealth management households and provides a full array of services, from financial planning to investment management. Prime Family Office provides bespoke financial, accounting, estate planning, and advisory services to ultra-high net worth families. Prime Financial Retirement delivers retirement plan consulting services to employers across the US, serving 800 employers and several hundred thousand retirement plan participants.Prime Financial Wellness provides financial wellness, education, and asset management services to retirement participants and data analytics services to employers.
Position Overview Prime has a 14-person investment team responsible for managing over $30 billion of client assets across a variety of strategies, asset classes, and portfolios. The investment team is organized into five main functional units: asset allocation and retirement plan models; custom and equity portfolios; alternative investments; trading and investment operations; and advisor support. The Director of Alternative Investments will lead the alternative investments unit, which encompasses any non-daily liquid investment strategy or fund, including private equity funds, private debt funds, infrastructure funds, multi-asset class funds, hedge funds, and direct co-investments in private companies. Alternative investments is a major area of growth for our firm given both client demand for access to alternative markets and the increasing proliferation of points of access to these markets for non-institutional clients.
Duties and Responsibilities
The Director of Alternative Investments will have five primary responsibilities. First, to monitor and oversee existing alternative investments, which presently aggregates to more than $1 billion of AUM and is growing more than 20% annually. Second, to administer the new alternative investment opportunity search, due diligence, and approval presentation process. Third, to present new alternative investment opportunities to advisors and clients and educate these stakeholders on the merits and risks of each alternative investment. Fourth, to manage our proprietary, multi-manager alternative investment vehicle. Fifth, to present to groups of clients and create marketing content on the topic of alternative investments. In addition to these primary responsibilities, the Director of Alternative investments will also manage our third-party, white-label alternative investment platform vendor and work closely with the broader investment team to share insights and drive optimal public / private portfolio construction across client accounts.
Personal Competencies & Attributes
Minimum of 5 years’ experience in the investment management business with detailed knowledge of alternative investment segments, including private equity, private debt, infrastructure/real estate, and multi-asset class funds.Strong understanding of various investment vehicle types (i.e., 3(c)7 funds, 40-Act vehicles, Series LLC structures) and SEC investor qualification rules (i.e., Accredited Investor, Qualified Client, Qualified Purchaser)Significant experience conducting alternative investment fund due diligence and monitoring. Excellent verbal and written communication skillsHigh quality of work standards and attention to detailExperience having managed a team of service professionals in accomplishing business unit objectives.Strong work ethic, internal motivation, and ability to learn new skills and competencies
Compensation
A competitive compensation package will be provided, including:Strong Base CompensationCompetitive Variable Compensation Competitive Benefits Package
The compensation plan details will be custom-designed to meet the needs and experiences of qualified and interested candidates.