The Goldman Sachs Group, Inc

AWM, GS Ayco, Financial Advisor, Vice President- Pittsburgh

The Goldman Sachs Group, Inc • $150K — $200K *
Pittsburgh, PA 15237In-Person
Finance & Insurance
Less than 5 years of experience
2 months ago
Job Overview by Ladders

Qualifications

  • 5-10 years of experience in wealth management, financial planning, or advisory roles
  • Advanced knowledge of investment strategies, tax laws, and estate planning
  • Demonstrated ability to interact with high net worth clients
  • Strong analytical skills for assessing financial situations and crafting solutions
  • Proficient in Microsoft Office and financial planning software like eMoney
  • Excellent communication skills for conveying complex financial ideas effectively

Responsibilities

  • Provide comprehensive wealth management and advisory services to ultra-high net worth clients
  • Conduct in-depth financial analyses, including risk management and investment strategy assessments
  • Develop and implement strategic financial plans tailored to individual client needs
  • Advise clients on employee benefit optimization and retirement transitions
  • Collaborate with tax professionals to prepare complex tax returns and projections
  • Evaluate and recommend custom asset allocations to align with clients' financial goals
  • Monitor and adjust financial plans based on client circumstances and market dynamics

Benefits

  • Opportunity to work with ultra-high net worth individuals and families
  • Access to advanced financial planning tools and resources
  • Collaborative environment with other financial experts
  • Potential for strong business development through referrals
  • Flexible work arrangements to promote work-life balance
Full Job Description
Job Description

YOUR IMPACT

We are seeking a seasoned and highly motivated Senior Financial Planner/Advisor to join our team, serving ultra-high net worth individuals, families, and family office clients. This role demands a unique blend of investment expertise, advanced tax knowledge, estate planning acumen, insurance proficiency, and exceptional interpersonal skills. The ideal candidate will act as a trusted advisor and strategic partner to C-suite executives and multi-generational families, delivering comprehensive wealth management solutions while driving business growth.

ROLE RESPONSIBILITIES

Wealth Management & Client Advisory
  • Provide holistic financial planning and wealth advisory services, including investment management, tax planning, estate planning, risk management, and cash flow analysis
  • Counsel C-suite executives and high net worth families with a consultative, solutions-oriented approach
  • Proactively identify opportunities to deepen client relationships and grow revenue through new business development and referral generation

Benefits Advisory
  • Perform comprehensive analysis of company-offered employee benefits for C-suite clients, including:
    • 401(k) and Qualified Retirement Plans - Evaluate plan options, employer match optimization, contribution strategies (pre-tax vs. Roth), and in-plan investment selection aligned with the client's broader portfolio and asset allocation
    • Non-Qualified Deferred Compensation (NQDC) Plans - Advise on deferral elections, distribution timing, investment allocation within the plan, and coordination with overall income tax planning strategies
    • Equity Compensation and Equity-Aware Strategies - Analyze stock options (ISOs and NSOs), restricted stock units (RSUs), performance shares, and employee stock purchase plans (ESPPs); develop exercise, vesting, and diversification strategies that balance concentration risk, tax efficiency, and liquidity needs
    • Health and Insurance Coverages - Review employer-provided health insurance, dental, vision, disability (short-term and long-term), group life insurance, and supplemental executive benefits to identify gaps and optimization opportunities
  • Analyze retirement and separation packages, including:
    • Severance terms, accelerated vesting provisions, and COBRA continuation coverage
    • Pension and supplemental executive retirement plan (SERP) distribution options and rollover strategies
  • Counsel clients on transitioning benefits into retirement, including:
    • Medicare -Ability to coordinate with Internal Medicare team on client calls as liaison, understand and have the ability to speak to IRMAA surcharge based on modified adjusted gross income
    • Social Security - Develop claiming strategies (early, full retirement age, delayed credits), spousal and survivor benefit optimization, and coordination with other retirement income sources
    • Retiree health and insurance planning - Bridge coverage strategies between employer benefits and Medicare eligibility, long-term care planning, and post-retirement life insurance needs analysis

Investment Management
  • Assess client risk tolerance through comprehensive profiling, utilizing quantitative questionnaires, qualitative discovery conversations, and behavioral finance insights to establish an accurate risk capacity and willingness framework for each client or family
  • Design and build custom asset allocation models tailored to individual client objectives, including:
    • Growth-oriented allocations for wealth accumulation
    • Income-focused allocations for clients in or nearing distribution phases
    • Liability-driven and goals-based allocation frameworks for family office clients with complex, multi-generational objectives
    • Tax-aware asset location strategies across taxable, tax-deferred, and tax-exempt accounts
  • Construct, monitor, and rebalance diversified portfolios spanning all major asset classes, including:
    • Fixed income and equities
    • Private markets (private equity, private credit, real assets)
  • Make investment recommendations that are tax-efficient, including:
    • Tax-loss harvesting - Systematically identify and realize losses to offset capital gains while maintaining target exposure through substitute positions, adhering to wash-sale rules
    • Asset location optimization - Strategically place tax-inefficient holdings (e.g., taxable bonds, REITs, high-turnover strategies) in tax-deferred or tax-exempt accounts and tax-efficient holdings (e.g., broad equity index funds, municipal bonds, long-duration equities) in taxable accounts
    • Municipal bond strategies - Recommend federal and state tax-exempt fixed income where appropriate based on the client's marginal tax bracket and state of residence
    • Gain deferral and timing strategies - Coordinate the timing of security sales with income events, charitable giving, and estate transfers to minimize realized capital gains
    • Tax-efficient fund and vehicle selection - Favor low-turnover index funds, ETFs, and separately managed accounts (SMAs) with customizable tax management over high-turnover active mutual funds where appropriate
    • Qualified Opportunity Zone (QOZ) investments - Evaluate eligibility and suitability of QOZ funds for clients with significant realized capital gains seeking deferral and potential exclusion benefits
    • Charitable giving integration - Coordinate with estate and tax planning to recommend donating highly appreciated securities, utilizing donor-advised funds (DAFs), or structuring charitable remainder trusts (CRTs) to achieve both philanthropic and tax objectives
  • Evaluate and recommend alternative investment opportunities, co-investments, and direct deals appropriate for family office clients
  • Regularly review and recalibrate asset allocation models in response to changes in client circumstances, market conditions, risk tolerance shifts, and evolving financial goals
  • Deliver performance reporting and investment commentary to clients on a regular basis, benchmarking results against policy targets and relevant indices

Tax Planning & Compliance
  • Prepare and SIGN complex individual tax returns (Form 1040), including:
    • Multi-state income sourcing
    • Rental property reporting
    • Private market and private partnership K-1 reconciliation
    • Self-employment income reporting
  • Have understanding of Gift Tax Returns (Form 709), Trust Tax Returns (Form 1041), and Partnership Returns (Form 1065 and Form 1120S)
  • Collaborate with external CPAs, tax attorneys, and estate planning counsel as needed
  • Ability to Prepare Tax Projections and advisre and coordinate estimated payments on behalf of clients

Advanced Estate Planning & Wealth Transfer
  • Analyze and interpret client balance sheets to identify estate optimization opportunities for efficient wealth transfer and tax minimization
  • Demonstrate deep acumen in wealth transfer concepts, including:
    • Trust structures - Revocable trusts, irrevocable trusts (ILITs, GRATs, SLATs, QPRTs, CRTs, CLTs, dynasty trusts), and their tax implications
    • Insurance-based wealth transfer strategies - Leveraging life insurance within trust structures for estate liquidity and tax-efficient transfers
    • Structuring trusts and dispositive terms - Drafting guidance on distribution provisions, trustee selection, successor trustee planning, and beneficiary designations aligned with client objectives
  • Serve as the client's strategic quarterback by understanding their goals and coordinating execution with estate planning attorneys through referral relationships
  • Help clients identify and define key parties and terms for core estate documents, including:
    • Last Will and Testament - Executor designation, guardianship provisions, and asset disposition
    • Powers of Attorney (POAs) - Financial and healthcare POAs, agent selection, and scope of authority
    • Trust Agreements - Grantor/trustee/beneficiary roles, funding strategies, and amendment provisions
  • Maintain thorough understanding of gifting rules and gift tax requirements, including:
    • Annual exclusion amounts and lifetime exemption utilization
    • Gift-splitting strategies for married couples
    • Reporting requirements under Form 709
    • Strategic use of 529 plans, Crummey notices, and direct payments for tuition/medical expenses
  • Monitor evolving federal and state estate/gift tax legislation and proactively advise clients on planning adjustments

Risk Management & Insurance
  • Assess clients' risk exposures and recommend appropriate insurance solutions, including:
    • Life Insurance (term, whole life, universal life, survivorship/second-to-die)
    • Long-Term Care Insurance
    • Annuities
    • Property & Casualty Insurance
  • Coordinate with insurance carriers and specialists to implement and monitor coverage
  • Integrate insurance strategies with estate planning objectives (e.g., ILITs for estate tax liquidity, annuities for guaranteed income floors, LTC policies to protect estate assets

Financial Modeling & Planning
  • Build and maintain sophisticated financial models, including:
    • Multi-year cash flow projections
    • Retirement readiness analysis using Monte Carlo simulations
    • Scenario and sensitivity analyses for major liquidity events
  • Utilize eMoney and other planning platforms to deliver comprehensive financial plans

Technical Skills
  • Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint, Outlook)
  • Hands-on experience with eMoney Advisor financial planning software
  • Familiarity with performance reporting platforms
  • Advanced financial modeling capabilities (cash flow projections, Monte Carlo simulations, scenario analysis)

Core Competencies
  • Elevated written and verbal communication skills - Ability to distill complex financial, tax, and estate concepts for sophisticated audiences
  • Commercial mindset - Proven ability to identify and convert business development opportunities
  • Exceptional attention to detail - Accuracy in tax preparation, financial modeling, and compliance documentation
  • Ability to operate in a fast-paced environment - Skilled at prioritizing competing client needs and managing multiple complex engagements simultaneously
  • Collaborative leadership - Effective at coordinating across internal teams and external professional networks (attorneys, CPAs, insurance specialists)

About The Goldman Sachs Group, Inc

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments concerning mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans, and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in the securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s investment management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services.

The Goldman Sachs Group, Inc. Careers

Join the prestigious team at The Goldman Sachs Group, Inc., a global leader in finance and investments, and propel your career to new heights. Our firm is renowned for its commitment to excellence, innovation, and leadership in the financial sector.

Work You’ll Do

At Goldman Sachs, you will be part of a dynamic environment that fosters growth, diversity, and professional development. Engage in transformative projects that redefine the landscape of global finance, driven by a culture of high performance and continuous improvement.

Lead with Innovation and Leadership

Step into a role where your skills will be honed and your leadership capabilities enhanced. The Goldman Sachs Group, Inc. is at the forefront of merging financial expertise with technological innovation, creating a platform for you to lead impactful initiatives.

Join Our Diverse and Inclusive Team

Diversity and inclusion are at the core of our company culture. With employees from various backgrounds, Goldman Sachs thrives on the rich ideas and perspectives that this diversity brings. Here, every team member’s contribution is valued, and every voice is heard.

Explore Job Opportunities and Internships

Whether you’re seeking full-time employment or looking into internship opportunities, Goldman Sachs offers a range of positions that cater to different skills, experiences, and career aspirations. From analyst to executive positions, discover how you can contribute to our legacy of success.

Networking and Professional Growth

Goldman Sachs is not just a workplace. It is a community where you can build lasting relationships with colleagues and industry leaders. Our networking events, mentorship programs, and professional groups foster connections that can accelerate your career trajectory.

Benefits and Career Development

Invest in your future with Goldman Sachs’ unparalleled employee benefits and career development programs. From comprehensive health benefits to personalized career coaching and leadership training, we ensure that our team is equipped for success, both professionally and personally.

Prepare for Your Future

Ready to take the next step? Prepare your resume, sharpen your interview skills, and explore the vast array of job opportunities at The Goldman Sachs Group, Inc. Our hiring process is designed to identify and nurture talent, helping you to achieve your career goals.

Stay Connected

Keep up to date with the latest from Goldman Sachs Careers by subscribing to our job alert emails. Tailor your preferences to receive updates that match your career interests and stay ahead in the competitive financial sector.

Join The Goldman Sachs Group, Inc.

Embark on a rewarding journey with The Goldman Sachs Group, Inc. where your potential is limitless. Explore positions, read about our company culture, and apply today to become part of a team that values growth, leadership, and innovation.

SEARCH GOLDMAN SACHS JOBS

READ CAREERS BLOG

At The Goldman Sachs Group, Inc., your career is just the beginning – it’s an opportunity to excel and lead in the global financial industry. Join us and make your mark!
Learn more about The Goldman Sachs Group, Inc
Size
45,100 employees
Market Cap
$115.8 billion
Industry
Finance & Insurance
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ
GS
* Ladders Estimates

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at The Goldman Sachs Group, Inc

More Finance & Insurance Jobs

Find similar AWM, GS Ayco, Financial Advisor, Vice President- Pittsburgh jobs:

NationwidePittsburgh, PA