Senior Client Service Associate

Company: Stifel
Location: Philadelphia
Posted on: April 3, 2025

Job Description:

The Senior Portfolio Associate brings experience, good judgment, and excellent organizational skills to his or her work with multiple 1919 Investment Counsel Portfolio Managers. This position is responsible for day-to-day administrative management of individual client, institutional, and trust portfolios. The Senior Portfolio Associate is assigned to more complex client relationships and exercise discretion and good judgment when interacting with them, examining their portfolios for client cash and gifting needs and reviewing their financial plans. This position is able to independently handle tasks and assignments related to those relationships. The Senior Portfolio Associate must stay current on financial markets and instruments and comply with Firm policies and procedures.--- Manage account openings, trust distributions, and account terminations which includes but is not limited to: receiving assets, obtaining cost basis, stepping up cost basis, distributing assets, handling disbursements, processing cash, delivering in-kind charitable contributions, determining appropriate paperwork and governing documents, and ensuring correct client billing.--- Closely monitor investment portfolios for asset allocation, cash, maturities, and settlements to ensure that funds are available to clients and that portfolios are within policy.--- Instruct custodians to wire funds or prepare checks at the request of the client.--- Responsible for handling client's personal needs (tuition payments, outside personal accounts, family related issues, etc.), and making recommendations to clients and portfolio managers after assessing each situation.--- Proactively review clients' security holdings and daily transaction activity.--- Coordinate with trading, operations, and external advisors to ensure that positions and asset values are up to date and accurate.--- Maintain telephone and written contact directly with clients and third parties.--- Determine content and prepare presentation materials for existing clients and prospective client meetings.--- Attend client meetings.--- Review, develop, maintain, and deliver client facing tailored reports and communications.--- Test new applications, updates, and fixes.--- Train Portfolio Associates.--- Update relevant information in portfolio management and trust accounting systems.--- Participate on committees and independently work on ad hoc projects for clients, the office, or the Firm. ---- Ability to use logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.--- Ability to consider the relative costs and benefits of potential actions to choose the most appropriate one.--- Knowledge and experience using analytical skills.--- Knowledge of economic and accounting principles and practices, the financial markets, the industry, the analysis and reporting of financial data, and associated terminology.--- Minimum Required: Bachelor's degree in Finance, Business, or related field--- Minimum Required: 3-5 years' related experience in financial services--- Proficient in Microsoft Excel, Word, PowerPoint, Outlook1919 Investment Counsel, a wholly owned subsidiary of Stifel Financial Corporation, provides investment management and financial planning services to wealthy individuals, families, trusts, foundations, and institutions. 1919 Investment Counsel manages more than $22 billion of client assets and has offices in Baltimore, Birmingham, Cincinnati, New York, San Francisco, Philadelphia and Vero Beach. 1919 Investment Counsel has a team of portfolio managers, research analysts and client service professionals that work together to construct investment portfolios that are tailored to each client's specific needs and objectives and to deliver tailored solutions that preserve, build and manage wealth for 1919 Investment Counsel's clients. The firm primarily serves high net worth clients which often require complex financial planning and advice as well as exceptional client service. -1919 Investment Counsel is an Equal Opportunity Employer.

Keywords: Stifel, Philadelphia , Senior Client Service Associate, Accounting, Auditing , Philadelphia, Pennsylvania