Nicholas Ackerman Email & Phone Number

New York, Ny, Us

New York, Ny, Us

Team Lead managing associate performance towards monthly deliverables, conduct annual performance conversations, actively shape department wide processes, and providing fiduciary oversight for $3BN of personal and institutional assets- Approver for associate performance attribution analysis & resolution and asset allocation remediation plans for both personal and institutional clients- Review and revise business reporting to reduce the amount of outreach made by a Manager to re-affirm investment policy statements and reduce outstanding reviews- Collaborate with Portfolio Oversight Managers to develop remediation plans for high risk position and strategy outliers- Manage daily asset allocation management and investments eligible for TMA platform- Coach and mentor teammates on core Portfolio Oversight objectives and initiatives

Primary liaison to Merrill Lynch Financial Advisors in implementing and managing investment strategies according to the UPIA, OCC guidelines, and Bank risk standards for 1300 personal and institutional entities averaging $1.7M- Performance attribution and provide strategic and tactical misalignment resolutions to Financial Advisors- Maintained >90% of relationships in compliance in asset allocation monitoring and remediated variances in coordination Financial Advisors- Review & coordinate implementation of investment solutions with Trust Specialists and Financial Advisors- Determine appropriate investment objectives, create investment policy statements for clients, and review internal and external documents on an annual basis with Financial Advisors to maintain aging reviews <3.5% of relationships- Manage concentrated positions and high risk in consideration of fiduciary guidelines, trust intent, wealth planning, and tax implications- Identify, communicate, and coordinate opportunities to reduce taxable gains in accounts through loss harvesting

Collaborated with Portfolio Oversight Managers in fiduciary supervision of accounts held in trust through analysis of proposed investment strategies, portfolio allocation, correspondence with clients portfolio management agreements, determining appropriate objectives for individual trusts, and trust administration.- Coach and mentor incoming associates on technical duties- Liaise communications between peers, Portfolio Oversight Managers, Financial Advisors, and Trust Officers to ensure consistent delivery of investment management and administration of trusts- Analyze and execute proposed tax trades to maximize losses or gains in investment strategies- Develop resolution plans to remediate portfolio allocation variances for Portfolio Oversight Managers and Financial Advisors

As a Registered Representative, I provided clients with the most efficient, comprehensive on-boarding and account support on both brokerage and banking platforms by partnering with financial advisors to execute due diligence required in account opening and funding from internal and external sources in order to adhere with business and industry standards- Mentor and deliver coaching to associates on technical duties - Oversee and execute special initiatives within the department and report results to Management and Directors- Assist in design and maintenance of team data management tools to report business drivers and productivity- Manage correspondence and execution of escalated client requests including protection of assets in cases of fraud- Liaise communication between peers, management, and other departments to maintain current procedures - Develop job aids and training materials to improve client experience and associate efficiency- Assist management in associate production and troubleshooting complex requests to support clients and financial advisors- Served as Team Lead during leave of absence of Manager, Sep. 2016 - Dec. 2016- Series 7 obtained September, 2015 and Series 66 obtained October, 2015