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Type of Role: Investments

Experience Level: Analyst/Associate

Location: Towson, Maryland

Salary: $K - $K

WMS Partners is a multifamily office based in Towson, Maryland. Established in 1993, the firm provides comprehensive family office and financial advisory services to individuals and families with substantial wealth. WMS is consistently ranked among the top advisory firms in the U.S. and has received industry recognition from Barron’s, Forbes, the Financial Times, and others. We provide our clients with investment management, financial planning and cash flow management, business consulting, estate planning, risk management, and fringe benefit and goal planning. With nearly $6 billion in assets under management, WMS has clients in 48 states and several countries. We build customized portfolios for clients using an open-architecture approach of best-in-class investments—public and private, active and passive, traditional and alternative.

Position Summary

The Private Investments Senior Associate is responsible for assisting the Director of Private Investments and the Private Debt and Equity Subcommittee in manager research, portfolio monitoring, firmwide communications, and administration of the WMS Private Investment Platform. The Senior Associate will focus on private equity, growth equity, venture capital, private credit, opportunistic, special situations, and other nontraditional private investment strategies.

Job Responsibilities

  • Manager Research: Assist the Private Investment Team/Subcommittees in conducting due diligence on potential new fund manager relationships and in presenting recommendations to the Investment Committee.
  • Investment Operations and Reporting: Manage document and capital workflows to ensure appropriate administration of all private investments. Assist Financial Advisors in producing quarterly client reports related to clients’ private investments. Work with Financial Advisors and the WMS Marketing Committee to develop appropriate private investment materials for client prospect meetings.
  • Investment & Database Monitoring: In collaboration with the Director of Private Investments, track and monitor investment performance on a monthly, quarterly, and annual basis. Maintain the firm’s private investment database to ensure all necessary data is captured, analyzed, and reported.
  • Firm/Client Resource: Serve as a private investment resource to the broader WMS staff and where needed, assist Financial Advisors in implementing a diversified mix of private investments into their clients’ overall investment portfolio. Work to understand the firm-wide client demand for specific private investments.
  • Operational ExcellenceAssist in developing and implementing policies and procedures to ensure the effective operation and governance of the WMS private investment platform. Assist in the development of an overall strategy and business plan for the firm’s private investments.
  • SourcingAssist in the development and maintenance of relationships with LPs, GPs, and other intermediaries.
Requirements
  • 3-5 years of experience with private investments.
  • MBA, CFA charter (or progress toward the charter) and/or CAIA charter preferred.
  • Passion for research and private investment manager due diligence.
  • Detail-oriented, organized, and ability to take meticulous notes.
  • Understanding of private portfolio construction, risk, liquidity, and mechanics of investing in private markets.
  • Excellent presentation and communication skills, both oral and written.
  • Self-starter with initiative and exceptional attention to detail who can balance multiple projects and demands in a fast-paced, dynamic, and entrepreneurial environment.
  • Ability to work in a team-oriented, collaborative environment and a willingness to pitch in where needed.
  • Client first attitude, professional demeanor, personal integrity, and an understanding of fiduciary responsibility.
  • Demonstrated knowledge of various securities markets, including real estate, private equity, and private credit.