Ascent Director of Investments

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever‑growing range of opportunities to discover what makes you thrive at every stage of your career.

Try new things, learn new skills and discover what you excel at—all from Day One.

Ascent Private Capital Management services US Bank clients with net worth more than $75MM, with average client assets above $100MM. Our investment consultant professionals design investment programs to meet the unique needs of multi‑generational wealth and the complexities it can create for our ultra‑high net worth clients and their families. The Investment Consulting practice provides Ascent’s ultra‑high net worth clients with tailored and customized investment advice and supervision, leveraging expertise in all areas of private and public markets.

Director, Investment Consulting (DI) works directly with the Managing Directors of Investment Consulting (MDI) to implement, monitor and maintain the overall investment philosophy for our clients, including the development of the family investment policy, asset allocation, manager search and selection and ongoing performance monitoring and evaluation, and will have face‑to‑face interactions with UHNW clients. At the direction of the MDI, the DI is responsible for asset management oversight, asset allocation, manager selection, due diligence coordination, performance reporting, and portfolio rebalancing.

Under the guidance and leadership of the Managing Directors, the DI may manage client relationships with families or individuals that have at least $75MM in net worth. To best fit this firm’s unique, team‑based culture, the ideal candidate performs best in a highly collaborative, collegial, fast paced, team‑approach model. The DI should be able to thrive in an environment working with exceptional people, with the ability to work alongside highly trained and educated professionals.

This position is not responsible for new client acquisition.

• Provide and/or coordinate advice and counsel to clients and prospects in the areas of investments.
• Must demonstrate excellence in written and verbal communications skills.
• Exude trust and confidence.
• Ensure the investment functions are performed at an exceptional level while maintaining proper risk management and client satisfaction.
• Proactively identify potential client growth opportunities and/or high‑risk situations.
• Responsible for the coordination of investment team functions to ensure the Ascent client experience is consistently meeting the standards set forth by leadership.
• Consult with clients about their business, financial and personal objectives that may include discussions on managers or opportunities they are contemplating from their own networks.

• Minimum of 7+ years’ experience in a consultative investment role with demonstrated success in managing relationships with and delivering advice to ultra‑affluent clients, business leaders, and/or institutional investors.
• Some understanding of the key aspects of the investment management process including objective setting, asset allocation and investment policy, manager/strategy search & selection, implementation, and on‑going monitoring and evaluation delivered within a team‑based approach.
• Deep desire for continued learning and understanding the various aspects of portfolio construction, financial markets, investment structures, behavioral finance, and personal finance.
• Experience with business writing on markets and descriptions of investments and past events.
• Depth of experience in at least one asset class such as equity research, private equity, or real estate and experience with manager selection & due diligence and building manager relationships.
• Experience and knowledge of investment vehicles including mutual funds, ETFs, partnerships, stocks, bonds, and separately managed…