Director of Investment Advisory

Location: New York
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New Yorktime type:
Full time posted on:
Posted Todayjob requisition :
66392

At BBH, Partnership is more than a form of ownership—it’s our approach to business and relationships.  We know that supporting your professional and personal goals is the best way to help our clients and advance our business. We take that responsibility seriously. With a 200-year legacy and a shared passion for what’s next, this is the right place to build a fulfilling career.

Brown Brothers Harriman is currently recruiting an experienced professional to join as Head of Investment Advisory within the firm’s Capital Partners (CP) business. This senior investment professional will be primarily dedicated to supporting and growing our Single Family Office (SFO) client base. The Head of Investment Advisory will sit within the firm’s centralized Investment Research Group (IRG), which is responsible for developing and communicating BBH’s best thinking about investments both internally and externally.

There are two primary segments served by IRG. On behalf of the CP Multi-Family Office (MFO) business, which manages approximately $60 billion in discretionary assets under management, IRG is broadly responsible for asset allocation, portfolio construction, investment manager partnerships, risk management and other investment decisions. IRG also oversees investment advisory services for SFO clients, which currently comprise roughly $10 billion in non-discretionary assets.

The Head of Investment Advisory will be primarily responsible for providing investment advisory services for SFO clients and prospects, serving as a thought partner to family office principals and investment professionals as it relates to asset allocation, manager selection, and portfolio construction. The ideal candidate will work closely with SFO relationship managers (RMs) to elevate BBH’s dialogue with sophisticated family offices through performing ad hoc investment analyses as requested by clients (including external manager reviews) and providing guidance on clients’ overall asset allocation and portfolio construction.

The ultimate goal is to establish trusted relationships and drive new business within the growing family office market segment. To enhance BBH’s dialogue with sophisticated SFO clients, the Head of Investment Advisory will need to demonstrate expertise in investing and will be responsible for staying abreast of investment trends and IRG investment positioning, as well as provide market and macroeconomic updates.
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* Key responsibilities include:

**** 1 - Investment Advisory (SFO) Services (50%*
* ** of Time)
*** Engage as a credible, unbiased thought partner to SFO prospects, providing asset allocation, portfolio construction, manager diligence, and risk management advice
* Actively participate in client and prospect meetings, contributing investment insights, identifying investment objectives and goals, and strengthening client engagement
* Work closely with IRG and internal investment management teams to stay abreast of proprietary internal strategies and products, which when appropriate should be positioned as portfolio solutions
* Conduct reviews of external, off-platform investment managers, ensuring proper due diligence and alignment with client mandates
* Cultivate network of investment professionals in the family office universe to gain introductions and referrals to BBH
** 2 - Portfolio Strategy (SFO & MFO) (30% of Time)
*** Monitor trends across asset classes, including alternative investments, public equity, and fixed income.
* Work with IRG to stay apprised of developments at managers on the BBH investment platform
* Collaborate with RM teams to support large, complex hybrid / partially discretionary mandates
* Help build out Investment Advisory team including recruiting, coaching, and training junior talent.
** 3 - Market Analysis and Content Generation (20% of Time)
*** Establish BBH as a thought-leader in the family office space, and collaborate with internal teams to generate relevant content to help us engage with clients and prospects (articles, white…