The Opportunity
Tiemann Investment Advisors (TIA) is seeking an experienced, knowledgeable investment manager who is interested in working with us in Menlo Park, California. We are an established investment management firm providing institutional caliber portfolio management services and we are looking for a mid-career individual with a minimum of 3 and maximum of 15 years of wealth management experience.
We have managed this firm rather differently than most, keeping our team smaller and focusing entirely on separate portfolio management that we provide directly on a fee basis using trading permission at client custodial accounts. We do not provide financial planning, we do not sell life or health insurance products or provide trust and estate services. We just do top-tier portfolio management. We have successfully maintained our differentiation and higher margins by developing inhouse tools and growing organically rather than hiring commissioned sales team.
We are seeking someone who appreciates these distinctions and who has early but proven investment management capability who is seeking more creative control over portfolios, more professional independence and potential for revenue growth as well as control over your schedule and destiny. We would hope you are someone who either already enjoys directly managing portfolio construction and/or who is ready to level up and learn how to quantitatively select equities and bonds and manage portfolios with real discipline based upon your grasp of key investment principles, rather than simply selecting among commercial funds. If you don’t already have hands-on portfolio management experience and know how to structure, select, trade and balance a portfolio—or more than 100 porfolios efficiently—we would be able to help you build those skills and learn the tools that will enable you to directly manage a superior portfolio of individual stocks and bonds, rather than an assortment of third party products.
We are seeking someone with experience managing portfolios and serving and maintaining relationships with investment clients. You may have recently launched your own investment advisory firm or you may be ready to leave a larger investment firm in pursuit of more independence and personal growth. We’d prefer someone with superior academic credentials, a very strong grasp of financial concepts and who has familiarity with the academic literature. You need to be willing to get out and find ways to seek out new clients and help grow the firm. While not necessary, it is a large plus for candidates who have existing clients and AUM to bring with you.
Key Responsibilities
Key responsibilities will vary based on your level of experience and whether or not you bring clients of your own. At a minimum, we would expect that you would be participating in the following:
- Portfolio management and balancing or learning techniques for portfolio construction using TIA’s inhouse tools and investment approach.
- Meeting with existing clients and providing them with portfolio overviews and addressing their questions and needs.
- Developing and managing new client relationships and completing the onboarding processes, including guiding clients through portfolio strategy, asset allocation and weighting.
- Collaborating with us on internal process including data updates, running model reviews, quarterly and annula reporting and process reviews.
- Supporting TIA’s media and marketing activity through social media and website updates that help to attract new inbound leads.
- Meeting and exceeding all industry standards for fiduciary activity and SEC compliance.
- Supporting and contributing to published articles, notes or market reviews that pertain to our industry, market activity and clientel.
Skills, Knowledge and Expertise
We are looking for an individual with a real interest in finance, investments and markets who has studied finance as part of their education rather than having transitioned to investment management from another unrelated career area. You may have a Ph.D. in finance, economics or math, or an MBA or other masters degree with an emphasis on finance. You have worked in finance for at least 3—and preferably more—years either in institutional money management or at a professional investment firm, possibly even banking or investment risk management team. To be clear, we are not seeking someone who has only done financial planning or has a CFP or CFA certificate as their only post-college credential. We are looking for someone who might be described as nerdy but who is abundantly informed, curious and who takes their own continuing education and edification seriously and who lands more on the intellectual side of the spectrum than charismatic, yet who manages to explain complex investment concepts well to a lay person.
Compensation
Compensation will vary depending largely upon you, your experience, whether or not you come with existing clients and AUM or whether you can find new clients and win their trust. We are looking for an individual who would start out as a contractor or employee but who, on proving their abilities, may transition to partner. Thus, the range could vary from $100,000 to $300,000 per year starting out with us, with the potential to grow from there.
TO APPLY:
Send your resume and a cover letter via email explaining your interest in this position to Valerie Gardner, TIA’s Principal, at valerie@tiemann.net. Include your LinkedIn address and any other website or social media presence that you think we should see. You may also link to your bio at your current position. Please be sure to include your contact information, current address and your phone number.
[Note to Recruiters: We are not accepting submissions from headhunters at this time.]
Tiemann Investment Advisors is seeking a college or graduate school student to fill a summer intern position as an Investment Management Associate for the coming summer, commencing in May and ending in August or September (exact dates may be negotiated). We would expect a minimum of 20 hours a week on up to a maximum of 32 hours per week, most likely with Fridays off, although you can determine your work hours and days. This position will report ot Dr. Jonathan Tiemann in our office in Menlo Park.
About Dr. Jonathan Tiemann: Jonathan is the co-founder and president of Tiemann Investment Advisors, LLC, (TIA) an investment management firm founded to bring efficient and cost-effective institutional-caliber investment management services to high net worth families. Dr. Tiemann has decades of investment experience, including nearly a decade in academia and more than twenty years managing institutional and individual money. He holds a BS in Applied Mathematics from Yale, an MS in Operations Research from Stanford, and a Ph.D. in Finance from Yale University. Dr. Tiemann taught Finance at Harvard Business School for five years prior to joining Wells Fargo Nikko Investment Advisors, which later became Barclays Global Investors (and is now Blackrock), where he became Chief Investment Strategist, responsible for $180 billion in institutional assets.
Job Responsibilities: This internship will give you a first-hand view of the investment process developed by Dr. Tiemann and you will get to discuss the process of constructing portfolios, selecting securities, making trades and working to balance the portfolio over time. You will also be able to explore other asset classes and learn about investment management from an expert. We will also assign some research work on select finance topics as well as engage you in tool enhancement projects, which may span tasks ranging from programming Excel macros to finding the right apps or AI agents that better enable our work flows. TIA spun out a venture capital fund, so those with interest in venture capital could expand to support some of that investment activity as well.
Skills and Experience: We hope you will have proven to have an interest in finance, math, data, investing or statistics through your academic work. You need not have developed investment skills prior to this internship but you are keen to learn and comfortable with more than basic math, quantitative analyses and technology. You have earned top grades, are good at writing and conversation, and have an eclectic curiosity that tends to have expressed itself in seeking out a wide range of academic subjects, acitivities and hobbies.
- Job Location: Downtown Menlo Park, California. When able, virtual work from other locations is also permitted.
- Hours: 32 Hours per week.
- Dates: Approximately 10 to 12 weeks preferred (exact dates to be negotiated.)
- Housing: Preference to students located in the Bay Area, with available housing. Should you be from out of this area, we will endeavor to provide you with assistance with finding suitable student housing in the vicinity.
- Compensation: $25/hour with a potential for bonus. As an intern, you will be compensated through an independent contractor agreement and be responsible for paying your own taxes. Range of likely income for a ten-week internship will be between $8,000 and $10,000.
- International Students: If you are an international exchange student and have a formal internship program, we will be willing to connect with your program so that you are able to earn credits towards an official internship program.
TO APPLY: Send your resume and a cover letter via email explaining your interest in this position to Valerie Gardner, TIA’s Principal, at valerie (at) tiemann.net. Include your LinkedIn, Facebook and Instagram addresses and any other website or social media presence that you think we should see. Please also include information about where you are in school and what you expect your housing and transportaion needs would be, were you to get this position.