What are the responsibilities and job description for the Director of Investments position at Northwestern Mutual?
The Director of Investments provides firm-wide investment oversight, creating alignment and accountability in investment philosophy and trading techniques, while accounting for the needs to each individual client. This person works closely with all partners, lead advisors, and the investment operations team, to efficiently manage client accounts.
The Director of Investments is responsible for the Investment Operations Committee (Service Advisors) execution of investment account rebalancing, trading, and tracking. This role should provide ongoing education, materials, and model portfolio investment talking points to team members. Consistent implementation and creation of systems to create an enduring firm is of top priority.
RESPONSIBILITIES
- Design and implement firm wide Model Portfolios, with rate of return beating Northwestern Mutual’s Signature Portfolio by a defined benchmark. (Competitive benchmarks to measure performance by).
- Chair Investment Committee and drive Objectives and Key Results (OKR’s) forward, holding committee members accountable to their commitments, and presenting to the Executive Committee progress once per quarter.
- Establish a high-net-worth portfolio to include the use of SMA / UMA and Alternative Investments available through Northwestern Mutual’s platform.
- Create high net worth proposals and presentations for prospective clients, joining client meetings to help close the business, including discussing tax consequences and investment costs.
- Joining existing high net worth client meetings to present economic and market updates, discuss portfolio nuances, with the primary goal of developing deep relationships with clients and establishing yourself as a specialist.
- Joining 401(k) Plan Review meetings to present economic and market updates.
- Advise 401(k) Plan trustees on available investment options and aide in making selections. Includes monitoring fund watch or replace list.
- Explaining investment products and performance to clients.
- Lead firm education on the economy, market, and current portfolio. This includes publishing quarterly Economic Update Deck with corresponding talking points.
- Produce a periodic economic perspective letter to be distributed to firm clients.
- Utilizing the Investment Operations Team, holding them accountable to the following :
o Implementation of new portfolio strategies
o Model Portfolio Alignment (on qualified and non-qualified accounts)
o Rebalance cadence and implementation
o Tax-Loss Harvesting – Monitoring opportunities and providing the team with replacement solutions
o RMD Management
o Monitoring Alerts such as high-cash, NSF, check signature mismatch, etc.
o Ensuring compliance requirements are implemented and followed.
INVESTMENT PHILOSOPHY
QUALIFICATIONS
SALARY AND BENEFITS
WHO WE ARE
Pillar Financial Group is a specialty planning firm dedicated to delivering a lifetime of sound financial strategy and investment management. One of only 40 original Northwestern Mutual Private Client Groups, Pillar Financial Group pairs Northwestern Mutual’s best-in-class financial products with their own multi-generational team of specialized experts to offer clients comprehensive planning and management services to enrich every stage of their personal and professional lives. At Pillar Financial Group, we focus on the best interests of our clients to improve their lives and the communities we serve. Our core values of integrity, excellence, service, growth, and collaboration drive the work that we do and the relationships we build with our clients each and every day. Pillar Financial Group has experience in all areas of financial planning, including trust, fee based, advisory, business, retirement, tax strategies, and insurance.
To learn more about Pillar Financial Group visit our website : www.pillar.nm.com
Salary : $150,000 - $230,000
