What are the responsibilities and job description for the Chief Investment Officer position at Parcionpw?
Parcion Private Wealth, a nationally recognized multi-family office dedicated to helping business owners and their families through life-changing liquidity events and beyond, is seeking a seasoned Chief Investment Officer (CIO) or comparable to join our Executive team. The Chief Investment Officer is responsible for leading the Investment Department, overall investment strategy, platform, and managing the daily investment operations, driving optimization, performance and strategic growth of the firm.
The CIO will be a key member of Parcion Private Wealth’s Executive Team, contributing to the firm’s leadership, strategic direction, and future growth. The Chief Investment Officer will represent the firm’s investment policy, philosophy, portfolio construction, strategies, and all related solutions to Advisors and the families we serve. The role will develop sophisticated investment strategies for complex UHNW business owners and their multi-generational families pre- and post-life changing liquidity events.
The CIO supports the management of client relationships, investment research, and ensures compliance with regulatory and risk management standards. The CIO will work closely with clients to meet their financial goals while leading a team to deliver optimal investment performance results.
The Chief Investment Officer will have an in-depth understanding of financial markets with the ability to clearly communicate complex information and solutions in various mediums and channels, articulating investment strategies to Advisors, clients of all generations, as well as prospective clients.
Reporting directly to the CEO, the CIO will oversee the Investment Department functions, align operational activities with the firm's strategic vision, and champion initiatives to maintain a premier client experience. This role requires a dynamic leader who excels in investment management for business owners and UHNW families, communication, strategy, research, execution, business development and team development.
This role exemplifies our firm’s Core Values of Integrity, Dedication, Teamwork, Impact and Opportunity.
As a nationally recognized boutique multi-family office, Parcion uses a process-driven, client-centric approach to deliver a world-class experience to the families we serve.
RESPONSIBILITIES :
- Continued development of the investment policy statement (IPS); source, manage, and monitor investments; and work with external portfolio managers, analysts, and investors.
- Manage, build and grow the best-in-class Parcion Private Wealth investment platform with a focus on the Advisor experience, client experience, AUM growth; optimizing UHNW portfolio construction, data tracking, reporting, due diligence and processes.
- Provide required support to Parcion’s existing portfolios and strategies and identify new opportunities and strategies to acquire to optimize performance.
- Collaborate with Advisory, Client Service, Marketing, Operations, Technology, and Compliance to ensure successful delivery of the platform at scale.
- Provide premium education on the Parcion Private Wealth investment platform through internal and external strategic brand and marketing education, content, events, media positioning and speaking opportunities.
- Manage, develop, mentor and lead a high-performance team; attracting, and retaining technically proficient investment leaders in the Investment Department.
- Oversee the creation and execution of department strategic initiatives to drive growth and performance deliverables, and overall firm growth objectives.
- Supporting strategic growth, collaborate with leadership and integration team to integrate and onboard new advisors, teams and their client’s portfolios.
- Build a scalable investment platform to support the firm’s future growth.
- Lead the Investment Committee as well as formulate and recommend investment policies and strategies to effectively manage Parcion’s portfolio to moderate risk and deliver performance.
MINIMUM REQUIREMENTS :
Full-time position / exempt status. Competitive salary and incentive bonus structure. Full benefits package includes health, dental, vision, life, disability, and 401(k) matching program. Fully paid premiums for medical / dental / vision for employee.
In terms of salary expectations, we assess each candidate individually based on their experience and qualifications and offer competitive compensation that reflects the value they bring to the firm. Base salary is within industry benchmarked range, plus an annual bonus, and additional incentives as well as a generous benefits package.
Parcion Private Wealth provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, or genetics. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
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