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wealth management leaders

Hiring an operations manager in wealth management


Considering hiring an operations manager? Download our readymade ad template for the role.

Ushering your firm into the future with technology is necessary to remain competitive and deliver value to clients.

The problem is that finding, vetting, implementing and running the technology – and the day-to-day operations of processes – can become a full-time job in and of itself.  

Sorting through the platforms’ ins and outs takes time away from serving clients. Plus, it’s easy to overlook game-changing features due to lack of time and understanding of various systems, leaving untapped opportunities to create operational efficiencies for your firm.

The time will come when you can no longer devote your precious time and energy to managing operations on top of serving clients. However, welcoming a full-time Operations Manager to your team can be an incredible way to support advisors and other stakeholders throughout your organization. 

This person will become the engine that keeps your business operating like a well-oiled machine, from maintaining complete ownership of your tech stack to training and providing ongoing support for your advisors. 

When it’s time for your firm to hire a passionate operations manager, use this job description to give yourself a head start. 

Job Title: Operations Manager


The Operations Manager will oversee the firm’s back-office technology, client reporting process, system integrations, and client experience. Focused on streamlining and improving advisor operations, this role is responsible for the day-to-day management of all business operations and client service platforms. This position will maintain an intimate knowledge of technology applications and system integrations, and how they improve workflow efficiency. Ideally, this person will possess a passion for understanding cutting-edge technology solutions, sharing their knowledge with others, and driving change management throughout the organization. The Operations Manager will look for ways to create efficiencies and provide ongoing support and training to ensure the highest level of adoption and efficiency. They will be expected to create and implement policies and procedures around transaction processing and advisory operations and be able to translate them to advisors effectively. 

Essential Functions

  • Oversee all day-to-day operational activities that support the advisor’s ability to deliver a fantastic client experience
  • Ensure all transaction processing follows internal procedures and compliance regulations
  • Maintain the complete technology stack, taking ownership and understanding of all tools and their various functions
  • Implement new technology solutions to improve efficiency throughout the organization
  • Provide ongoing support, supervision, training and development opportunities for team members, offering guidance and informing best practices to build comfort with the tools
  • Develop and maintain written standard operating procedures, how-to documents, and workflow diagrams
  • Create internal and client-facing report packages, using portfolio accounting reports with data research from industry platforms
  • Monitor and oversee third-party vendor performance as it relates to daily operations
  • Ensure complete, accurate and timely delivery of management reports to key stakeholders
  • Manage relationships with external vendors and technology providers
  • Establish and report on Key Performance Indicators to track and manage success

Position Type/Expected Hours of Work

This is a full-time position. Workdays and hours are Monday through Friday, 8 hours a day, 40 hours per week. 

Required Education and Experience

  • Expert-level understanding of Investment Operations, Portfolio Accounting, and Performance Reporting
  • Familiarity with transaction processing as it pertains to mutual funds, ETFs, and fixed-income instruments
  • General solid IT infrastructure knowledge
  • College degree preferred or relevant work experience required

Preferred Skills and Qualifications

  • Experience with [insert listing of technology platforms your firm uses heavily here]
  • Familiarity with [insert listing of technology platforms your firm is considering or uses lightly here]
  • Ability to communicate internally with [insert listing of technology your firm uses internally, such as Slack or Microsoft teams
  • Experience with [insert your project management system here]


  • Ability to work well in a fast-paced team environment
  • Ability to manage multiple tasks and prioritize based on business needs
  • Proficiency in navigating various technology tools
  • Proven ability to manage staff development and performance

This blog is sponsored by AdvisorEngine Inc. The information, data and opinions in this commentary are as of the publication date, unless otherwise noted, and subject to change. This material is provided for informational purposes only and should not be considered a recommendation to use AdvisorEngine or deemed to be a specific offer to sell or provide, or a specific invitation to apply for, any financial product, instrument or service that may be mentioned. Information does not constitute a recommendation of any investment strategy, is not intended as investment advice and does not take into account all the circumstances of each investor. Opinions and forecasts discussed are those of the author, do not necessarily reflect the views of AdvisorEngine and are subject to change without notice. AdvisorEngine makes no representations as to the accuracy, completeness and validity of any statements made and will not be liable for any errors, omissions or representations. As a technology company, AdvisorEngine provides access to award-winning tools and will be compensated for providing such access. AdvisorEngine does not provide broker-dealer, custodian, investment advice or related investment services.