PRIMARY FUNCTION: Participate as a member of a client segment group to support Relationship Managers in all aspects of the financial planning process for ultra-high-net-worth client families and single-family office clients. Lead the client service experience for a subset of client team relationships.
RESPONSIBILITIES:- Assist Relationship Managers with comprehensive financial planning and lead the client service experience for a subset of the client team relationships, including but not limited to:
- Financial - Prepare cash flow reports, balance sheets, and net worth statements; analyze the impact of various financial market return assumptions and spending rates on wealth projections.
- Investments - Implement and monitor client's asset allocation; perform trading and rebalancing analysis; initiate transactions for mutual funds, ETFs, and separately managed accounts, tax-loss harvesting and portfolio monitoring to meet cash needs.
- Tax - Coordinate the collection of income tax information, calculation and payment of taxes, and client requests for tax projections.
- Insurance - Examination of insurance needs (life, property & casualty, long-term care, excess liability, etc.) and coordination of implementation with the Family Office Insurance Administrator.
- Create reports and other client deliverables. Collaborate with Relationship Managers to generate custom content to meet the needs of complex client families.
- Review client fee calculations for accuracy and obtain the necessary approvals for asset-specific fee exceptions.
- Ensure annual compliance review requirements are met for all accounts.
- Perform other duties as assigned for the efficient operation of the department.
EDUCATION/EXPERIENCE:Bachelor's Degree in Accounting, Finance, Economics, or another Social Sciences field with a minimum of 5 years of experience in a client-focused professional services organization. Excellent computer skills (Microsoft Word, Outlook, Excel, PowerPoint) and familiarity with financial analysis applications.
CERTIFICATIONS:Candidate attained or is expected to attain the CERTIFIED FINANCIAL PLANNER™ (CFP®) designation.
Series 65/66 required within the first 90 days of employment.
DESIRABLE ATTRIBUTES: Successful candidates will possess a broad range of skills including:
- Ability to service clients along the family arc.
- Strong interpersonal skills with excellent written and verbal communication.
- Clear potential to develop business acumen including strong quantitative/qualitative analytical skills.
- Ability to take ownership of tasks/client responsibilities, both internally/externally.
- Curiosity that lends itself to strategic thinking and creative problem solving.
- Self-motivated with a sense of curiosity, urgency, and accountability.
- Ability to influence and establish credibility, trust, and confidence with a range of clients/colleagues.
- Ability to work both as an individual and a collaborative team member.
