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Director of Investments

Pillar Financial Group
Seattle, WA Full Time
POSTED ON 1/14/2025
AVAILABLE BEFORE 4/9/2025

OVERALL FUNCTION

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The Pillar Director of Investments provides firm-wide investment oversight, creating alignment and accountability in Pillar investment philosophy and trading techniques while accounting for the needs of 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 a rate of return beating Northwestern Mutual’s Signature Portfolio by a defined benchmark.
  • Chair Pillar’s 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.
  • Join 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.
  • Join 401(k) Plan Review meetings to present economic and market updates.
  • Advise 401(k) Plan trustees on available investment options and aid in making selections, including monitoring fund watch or replace list.
  • Explain investment products and performance to clients.
  • Lead firm education on the economy, market, and current portfolio, including publishing a quarterly Economic Update Deck with corresponding talking points.
  • Produce a periodic economic perspective letter to be distributed to firm clients.
  • Utilize the Investment Operations Team, holding them accountable to the following :

Implementation of new portfolio strategies

  • Model Portfolio Alignment (on qualified and non-qualified accounts)
  • Rebalance cadence and implementation
  • Tax-Loss Harvesting – Monitoring opportunities and providing the team with replacement solutions
  • RMD Management
  • Monitoring Alerts such as high-cash, NSF, check signature mismatch, etc.
  • Ensuring compliance requirements are implemented and followed.
  • Lead implementation of new processes that will benefit the clients and team members, including staying up to date on technology enhancements.
  • All other projects as assigned by management.

    • INVESTMENT PHILOSOPHY

    Pillar’s investment philosophy can be summarized by the following points :

  • Solve your risk-based needs.
  • Provide expert guidance to create a personalized investment strategy consistent with your risk tolerance, time horizon, and goals.
  • Utilize diversification through asset allocation to reduce unsystematic risk while maximizing risk-adjusted returns.
  • Implement periodic rebalancing to remove emotion from decision making.
  • Manage the impact of taxes and inflation through tax-efficient investments and avoidance strategies.
  • Help you resist the temptation to change your strategy during up or down-markets.
  • Encourage you to start early, invest regularly, and use dollar cost averaging.

    • QUALIFICATIONS

  • Currently holds Series 7 license
  • Currently holds Series 63 or 65 license
  • Currently holds state Life & Health Insurance license (or obtain within 30 days)
  • Currently holds Chartered Financial Analyst (CFA)
  • A strong background in high touch client service
  • Previous experience with financial planning and giving recommendations
  • Extensive experience with retail investments
  • Extensive knowledge of various account types including trusts, various IRA types, 401(k), defined benefit, etc.
  • Experience holding others accountable to take action and lead a committee or team
  • Knowledge of U.S. tax system and tax treatment of various investments and account types
  • Excellent oral and written communication skills
  • Demonstrated organizational and time management skills and ability to multitask, set priorities and meet deadlines
  • Strong attention to detail with the ability to work with a high degree of accuracy
  • Ability to proactively identify what needs to be accomplished and take action as appropriate
  • Ability to embrace change and work in a fast-paced environment
  • Ability to work both independently and in a team environment
  • Ability to maintain confidentiality

    • SALARY AND BENEFITS

  • Base Salary is based on experience, licensing, and professional designations
  • Quarterly variable bonus for performance towards goals
  • Health insurance benefits (including vision and dental)
  • 4% 401(k) employer match
  • Long-term disability policy
  • Paid tuition towards required industry licensing, including continuing education and professional designations
  • Competitive PTO and Paid Holidays

    • Job Type : Full-time

    Pay : $140,000.00 - $200,000.00 per year

    Benefits :
  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Health insurance
  • Life insurance
  • Paid time off
  • Vision insurance
    • Physical Setting :
  • Office

    • Schedule :

  • 8 hour shift
  • Day shift
  • Monday to Friday

    • Application Question(s) :

  • Are you currently a certified Chartered Financial Analyst (CFA)?

    • Experience :

  • Financial planning : 1 year (Preferred)
  • Retail investment : 4 years (Preferred)

    • License / Certification :

  • Series 7 (Required)
  • Life & Health Insurance License (Required)
  • Series 63 (Required)

    • Ability to Commute :

  • Seattle, WA 98101 (Preferred)

    • Ability to Relocate :

  • Seattle, WA 98101 : Relocate before starting work (Required)

    • Work Location : In person

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    Salary : $140,000 - $200,000

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