Broadstone offers full Investment Consulting services to both trustees and sponsors of pension schemes across both defined benefit and defined contribution markets.
Broadstone may also provide advice to charities, insurers and other professional clients on a range of investment issues.
The Investment Consultant is responsible for supporting and delivering the consulting-based services of Broadstone and will report to the Investment Consulting Director.
The role holder is responsible for maintaining and developing client relationships over time through the provision of investment advice. The role has signing authority on regulated advice and is held accountable by the FCA.
- Running and interpreting asset liability models (“ALM”);
- Identifying suitable investment strategies based on ALM output, including liaison with Scheme Actuary over liability profile;
- Drafting advice to an appropriate standard, including the provision of advice relating to the establishment, maintenance and development of interest rate and inflation hedges;
- Identifying suitable investment structures to implement strategies, taking into account individual client’s circumstances and preferences;
- Conducting investment manager research and formulating views on investment managers’ capabilities;
- Conducting investment manager selection exercises, leading clients to reach decisions on managers;
- Assessing investment management agreements and negotiating terms with investment management providers;
- Agreeing the basis of and overseeing transfers of assets between investment managers;
- Maintaining up-to-date knowledge of market practice and legislation;
- Undertaking performance and risk assessment of portfolios;
- Attending trustees’ meeting to lead discussions on investment issues including presentation of performance monitoring reports and discussion of topical investment matters; and
- Presenting the different investment requirements of defined benefit and defined contribution schemes, including AVCs, and suitable investment options.
|Technical Knowledge and Key Skills|
The Investment Consultant will:
- Delegate tasks effectively and manage variable, sometimes high, workloads;
- Build excellent relations with clients and ensure client needs are identified and met;
- Be involved with clients, know what Broadstone does for the client and think of what Broadstone might do in addition;
- Communicate clearly;
- Peer review the work of others within the Investment Consulting team;
- Share ideas and present persuasive arguments;
- Work to agreed deadlines, giving regular progress reports;
- Demonstrate commercial awareness; and
- Provide support to new business team;
- Investment Management Certificate, or Unit 1 of the IMC and alternative qualifications;
- Appropriate industry qualifications, preferably FIA or CFA; and
- Experience in UK pension fund investment consultancy.
- Comply with all relevant professional standards
- Achieve a good standard of ethical behaviour
- Comply with the firm’s Conduct Risk principles