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Years of Experience
Date Last Verified
Closely-Held Asset Administrator Duties: Partner with Advisors in Wealth Management, Hawthorn and Institutional businesses across the footprint. The focus of the role is on the oversight of closely-held businesses and private alternative funds (non-publicly traded assets), held in discretionary accounts. Day-to-day tasks will include: analyzing assets for account acceptance, performing periodic asset reviews, and working with Advisors to flag and resolve risk issues from an account and investment perspective. Monitors, coordinates, interprets and processes financial and non-financial information on a monthly basis relating to closely-held, defined as non-publicly traded, assets held within Investment Management and Trust accounts. Performs approval and onboarding of new closely-held assets as well as the disposition of those assets. Conducts reviews of assigned closely-held business assets held within wealth accounts and makes investment/fiduciary recommendations related to the assets for presentation at the monthly committee meeting. Works with various internal partners to help support the acquisition, accurate reporting and sale of assigned closely-held assets. At acquisition, reviews financial information, governing instruments and related business documents to determine whether a closely-held asset can be accepted into a specific account. Provides compliance-based reporting for assets that have been flagged as exceptions.
Qualification and Experience
Qualifications: A university / college degree, with 2+ years of relevant professional experience. In lieu of a degree, a comparable combination of education and experience (including military service) may be considered. Should have working experience in asset management. Relevant experience can include: Investment Analysis, Fiduciary, Investment Advisory or Legal experience. Experience working with closely held business entities desirable. Might have experience in one of the following: Fiduciary Advisor, Investment Advisor, or Fiduciary/Investment Support. Alternative investment operations, operational/investment due diligence. Business underwriting or valuation. Legal/ paralegal dealing with closely held businesses, estates or trusts.
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