Investment Associate

An exciting opportunity for a recent college graduate with a strong interest in pursuing a career in investing, and a desire to gain valuable experience in the wealth management industry by supporting our investment professionals. Summitry is a Bay Area wealth management firm with more than $2B in assets, 40+ employees, and over 1000 clients, offering personalized financial planning and investment strategies, rooted in local insight. Join an innovative and collaborative team, focused on being the most admirable advisory firm helping families thrive through the unique set of opportunities and challenges posed by life in the Bay Area.

Position Description

• Reports to: Michael Kon, Director of Research & Portfolio Manager
• Benefits: Yes
• Status: Full-Time
• Date: Immediately
• Work environment: Flexible WFH (50%/month)

Job Summary

The Investment Associate (IA) will work closely with our analysts and portfolio managers, conducting in-depth research for our various equity strategies, third-party manager offerings, and strategic asset allocation. The ideal candidate is self-driven and has a future ambition to develop into an investment professional. Above all, the IA must be committed to being a positive contributor to the team and must be both flexible and motivated to contribute to the team’s success however possible.

Duties and Responsibilities

• Equity Research
  • Assist senior analysts in constructing and maintaining detailed financial models, composing investment memos, and preparing client updates and investment presentations
  • Support the investment committee in managing equity portfolios and own performance and decision tracking, data analysis, and reporting internally and to clients
  • Create and run stock screens for new ideas based on internal quality criteria, prepare shadow committee reports, and review Morningstar research and data for new ideas
  • Conduct semi-annual proxy-voting audits
• Third-Party Manager Research
  • Support portfolio managers in researching new alternative asset managers
  • Assist portfolio managers in preparing quarterly write-ups on third-party managers
  • Lead operational due diligence of third-party managers
• Strategic Asset Allocation (SAA)
  • Support portfolio managers in developing annual Strategic Asset Allocation (SAA) updates
  • Assist the portfolio managers in creating educational material and communication for advisors and clients

Qualifications

• Strong passion for investing and a desire to build a career as an investment professional
• Bachelor’s Degree with excellent academic credentials; CFA is a plus
• Good understanding of finance, accounting, and investing principles
• Strong background in accounting
• Exceptional work ethic, integrity, and intellectual honesty
• Proficiency in Excel, Word, PowerPoint, and Teams
• Exceptional verbal and written communication skills
• Strong attention to detail and ability to follow through effectively
• Key competencies: nimble learning, situational adaptability, demonstrates self-awareness, self-development, action-oriented
• This associate position is not open to candidates who require visa sponsorship

Salary and Benefits

• The expected base salary for this position will range from $85-125K plus eligibility (after 6 months) for a bonus. Actual compensation may vary from posted base salary depending on your confirmed job-related skills and experience.
• Medical, dental, and vision coverage, Flexible Spending Account/Health Savings Account and 401K plan
• More details: https://summitry.com/careers

Company Culture and Values

At Summitry, our mission is to help families thrive through the unique set of opportunities and challenges posed by life in the Bay Area. (Translation: we help you live your best Bay Area life).

Our core values are the most important aspect of our culture. They reflect the values of our leaders and people, and we are committed to pursuing them daily. Our culture reflects our values in the way we treat each other:

• CARE – we care for each other, our clients, and our community
• GROW – we have an intrinsic desire to grow ourselves and our firm
• DRIVE – we are fiercely driven to achieve our goals and those of our clients

While having an impressive resume is a plus, Summitry strives to find not only top talent but the “right” talent. We’re proud of the culture we’ve built, and we seek individuals who are not only excited about their role and responsibilities but also demonstrate our values and desire to contribute towards the growth of our firm.

Summitry, LLC is an Equal Opportunity Employer