Investment Operations Associate
About Point Wealth Management:
At Point Wealth Management, a team within Northwestern Mutual, our purpose is clear: With the guidance of our team, our clients can make decisions that are aligned with what they value most. As our firm delivers on this promise, our team gets to live lives they are proud of, do work that excites and challenges them, and serve their clients, their families and their communities in powerful ways.
We are an experienced Wealth Management team serving high net worth individuals, business owners, and families. Our clients value our relationship-oriented approach that enables them to make educated decisions with efficiency and confidence. Our office is in Melville, NY.
Role Overview:
We're seeking a detail-oriented Investment Operations Associate to join our growing team. This role is crucial in supporting our advisors and ensuring smooth operations for our clients' accounts. At Point Wealth Management, we believe in nurturing talent and providing opportunities for growth. As an Investment Operations Associate, you'll have the chance to expand your skills, obtain additional certifications, and advance your career within our supportive team environment.
Key Responsibilities:
- Process new accounts and client requests, ensuring all documentation is complete and approved.
- Facilitate various money movements including ACATs, Wires, ACHs, Journals, and Check Requests.
- Review daily activity and reconcile client accounts to ensure accuracy.
- Execute trades and rebalance portfolios via Envestnet and NetX360 platforms.
- Assist in client meetings as needed, providing support and expertise.
- Respond to client inquiries regarding accounts, policies, and procedures.
- Manage the client experience, providing proactive communication throughout the onboarding process.
- Participate in special projects related to investment research and tax mitigation strategies.
- Contribute to the team's thought leadership through research and content creation.
- Participate in client education initiatives and seminars.
- Collaborate with other departments to enhance cross-functional efficiencies.
Qualifications & Skills:
- Bachelor's degree in Finance or related field
- 1+ years of investment operations and analysis experience
- FINRA Series 7 and 63 or 66 (preferred, not required)
- Proficiency in Microsoft Office Suite
- Strong analytical and problem-solving skills
- Detail-oriented with a focus on client service
- Excellent verbal and written communication skills
- Ability to work independently and prioritize tasks in a fast-paced environment
Preferred:
- NY Life and Health Insurance License (or willingness to obtain within 3 months)
What We Offer:
- Full-time, in-office position (9:00 am - 5:00 pm, Monday-Friday)
- Competitive salary
- Performance-based bonus (eligible after 3 months)
- 401(k) with company match
- Comprehensive health, dental, and vision insurance
- Group long-term disability insurance
- Paid time off
- Professional development opportunities and significant potential for growth
- Support for obtaining additional certifications (e.g., Series 7, CFA, CFP)
- Collaborative team environment with regular team-building activities
- Chance to build relationships with high-net-worth clients
- Exposure to advanced areas such as alternative investments
- Work-life balance and a culture that values your ideas and contributions
How to Apply:
Please visit our website ( ) to learn more about our team. Qualified candidates should submit their resume and a brief cover letter explaining why they're excited about this opportunity.
Join us in our mission to deliver exceptional wealth management services while growing professionally in a dynamic and rewarding environment. Point Wealth Management is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.