Co-Founder - Business Development
hpm investment partnersCedar Rapids, IA
Co-Founder - Business Development
hpm investment partnersCedar Rapids, IA
yesterday
Occupations
Investment Fund ManagersPersonal Financial AdvisorsSecurities, Commodities, and Financial Services Sales AgentsIndustries
Portfolio Management and Investment AdviceMiscellaneous Financial Investment ActivitiesTrust, Fiduciary, and Custody ActivitiesAbout the role
Co-Founder SearchThis summer, I launched HPM Investment Partners, an outsourced trading desk for independent RIAs. HPM charges a flat fee per account, never basis points. HPM implements the portfolios advisors choose, whether they build them in-house, work with a fractional CIO, subscribe to third-party guidance, or use a fund company's published guidance. Why HPMMany independent RIAs already outsource trading to a TAMP or similar platform. Many are considering such a platform, or possibly hiring a trader themselves. If they choose the first route, they will likely pay a basis-point fee. If they choose the latter, they need to hire someone, manage them, work to retain them, and build a career path for them. HPM's key differentiator is its flat-fee-per-account structure, which enables RIAs to scale more predictably and, in many cases, more cost-effectively. Depending on what a firm pays today, its average account size, and how many accounts it has, the math can be overwhelming. You can run the numbers yourself with the cost calculator on HPM's website. HPM is a registered investment adviser. Its systems are built, and it's ready for business. Now I'm looking for a co-founder to help me grow it.
Primary Responsibilities:
- Lead HPM's business development and sales
- Build and manage client relationships
- Serve as backup trader in case of emergency Ideal Characteristics:
- You're entrepreneurial and want to own what you build
- You love business development and building relationships
- You have strong existing relationships with independent RIAs (strongly preferred) About Me:
- Nearly 20 years as an investment professional
- CFA charterholder and CFP® professional
- Built and ran an RIA as wealth manager and CCO
- Former Director of Operations at an independent RIA
- Six years at Dimensional Fund Advisors, working with independent RIAsI'm looking for someone who wants to grow this business side by side for years to come. HPM is pre-revenue, so all compensation will be equity-based until profitability. My goal is for my future co-founder to become an equal partner in HPM. No capital is required, and I don't expect this to be a heavy travel position.
If you’re interested in making a bet on yourself, message me or schedule time on my calendar. Links to my calendar and HPM's website are in the comments.
If you know someone who might be a fit, please share.
Thank you!
Mike Falco
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JOB OVERVIEW
Experience level
Director
Location
Cedar Rapids, IA
Occupation
Investment Fund Managers
Industry
Portfolio Management and Investment Advice
Posted
yesterday
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