Apply on Employer Site

Bessemer Trust · 1 month ago

Associate Client Advisor

Boston, MA

Full-time

Hybrid

Entry Level

$80K/yr - $100K/yr

1+ years exp

Bessemer Trust is a family office focused on providing wealth management services to ultra-high net worth clients. The Associate Client Advisor will develop and maintain client relationships, manage client accounts, and coordinate service delivery across various departments.

Financial ServicesWealth Management

Responsibilities

Handle routine communication with clients and their advisors via telephone, email and fax

Document written and verbal communication with clients and their advisors in Salesforce

Prepare charts and materials for client meeting presentations using Excel, Word, PowerPoint and internal applications as needed

Construct customized spreadsheets for clients

Complete financial paperwork from other institutions for clients

File correspondence and other documents in internal databases

Create documentation of client correspondence for tracking purposes

Attend and contribute to client meetings and presentations

Interface with clients when questions arise about investment strategy or capital markets outlook

Propose and implement investment programs as directed by Client Advisors and Senior Client Advisors using Bessemer applications

Prepare investment guidelines for client accounts in line with clients' goals and risk tolerance

Collaborate with Client Advisors and Senior Client Advisors to proactively monitor asset allocation

Build implication models taking into account spending, taxation, and potential market behavior among other factors

Proactively monitor and take action to correct fixed income maturities and client overdrafts based on knowledge and history of the client account

Initiate orders for rebalancing of accounts

Work with Client Administration Team to open accounts and coordinate with outside agents the transfer of assets to Bessemer

Assist in preparation of account opening documentation and account profiles, obtain required approvals, and gather legal documents and tax cost information

Prepare Officers Committee account reports

Perform cash management functions using Workflow and other applications in accordance with established account procedures and applicable fiduciary laws and policies

Process client remittances in conjunction with Client Tax Department

Monitor and assist in covering overdrafts

Supervise and pay client bill payments

Prepare client presentation packages and reporting on client accounts

Coordinate trust reviews with Fiduciary Officers

In addition to attending all internal training sessions including Basic Trust Administration, the Associate Client Advisor is expected to stay up to date on economic and market trends by: attending corporate communications meetings; conducting independent research; and reviewing relevant legal, tax, financial planning, and trust and estates publications

Attend continuing education courses on trust administration

Assist in the preparation of Annual Relationship Reviews and Trust Administrative Reviews

Qualification

Trust administration knowledgeWealth management experienceFinancial markets interestMicrosoft Office proficiencyAnalytical problem solvingWritten communication skillsVerbal communication skillsLeadership qualitiesTeamwork qualitiesOrganizational skills