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Focus Financial Partners · 8 hours ago

Alternatives Associate

Chicago, IL

Full-time

Hybrid

Mid Level

$75K/yr - $80K/yr

3+ years exp

Focus Partners Wealth is seeking an Alternatives Associate to work closely with the firm’s Wealth Management Team. The role involves preparing and reviewing subscription documents for alternative investments, identifying process improvements, and ensuring compliance with AML/KYC requirements.

Asset ManagementFinanceFinancial ServicesWealth Management

Growth Opportunities

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

Qualification

Alternative investments experienceKYC/AML experienceSubscription document reviewMicrosoft Excel proficiencyWealth management knowledgeCustomer service skillsAttention to detailOrganizational skillsInterpersonal skillsProblem-solving skillsCommunication skillsTeam collaboration