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Cresset · 3 weeks ago

Associate Director, Wealth Advisor

Chicago, IL

Full-time

Onsite

Mid, Senior Level, Lead/Staff

$120K/yr - $150K/yr

4+ years exp

Cresset is an independent, award-winning multi-family office and private investment firm focused on optimizing wealth experiences for clients. They are seeking an Associate Director, Wealth Advisor to support high-net-worth clients, manage client relationships, and assist in portfolio management and financial planning.

Asset ManagementConsultingFinancial ServicesLegalWealth Management

Hiring Manager

Tom Christman

Responsibilities

Proactively support the Wealth Advisors (WA) in relational and strategic planning for clients and prospects by providing excellent client service, while maintaining a high level of client satisfaction

Possess strong wealth management acumen, along with an understanding of Cresset’s investment philosophy and ongoing general market outlook, portfolio construction and management, goals-based financial planning, risk management, alongside estate, tax and philanthropic planning considerations

Oversee the preparation of client meeting materials and attend client and / or prospect meetings

Manage the completion of deliverables with the Client Associate and/or various internal and external parties as needed

Help build and maintain long term relationships with clients, prospects, third party service providers, and centers of influence

Play a material role in shaping the investment structure for full practice

Drive review process for client portfolios and assist in the development, presentation, and implementation of investment recommendations to clients, including portfolio construction, proposals, rebalancing, phase-in planning, and quarterly performance reviews

Deconstruct prospective client portfolios and reshape them into Cresset’s approach

Understand underlying Cresset client portfolio solutions

Run weekly / bi-weekly internal client portfolio checks to gauge compliance with things like dollar cost averaging, IPS conformity, private investment denominator build, etc

Maintain strong relationships with internal public/private allocation committee and due diligence teams

Have relationships with all primary outside investment managers

Develop an astute understanding of private investment solutions

Have baseline understanding of client’s outside investments and how to complement, augment, invest around them as part of an overall allocation

Assist in the building of the practice’s monthly economic and marketplace overview

Collaborate with the National Investments Team to apply the firm's best thinking to client portfolios while considering client-specific needs regarding cash flow, taxation, liquidity, risk, and other considerations

Assist with the implementation of client portfolio trades, including execution, margin maintenance, and settlement

Develop and maintain investment policy statements (IPS)

Lead the production and maintenance of net worth statements, financial plans, cash flow projections, and wealth forecasting models

Attend prospect and client meetings to gather information to create financial plans

Review and understand estate documents (entity structures, estate plan, wills, beneficiaries, trustees) and tax returns; collaborate with other internal teams (Wealth Planning, Wealth Strategy, Tax) and external providers as needed

Discuss core estate plan documents with clients, and their relevance to a client’s unique goals and circumstances

Remain current on wealth planning trends, legislative developments, and techniques; identify opportunities and partner with the Wealth Advisor to enhance client planning

Coordinate with the Client Associate and ensure tasks and requests are handled, including new client onboarding, account maintenance, new investments, redemptions, transfers, and money movement requests

Document client notes, investment changes, and activities in Salesforce

Review clients’ quarterly performance reports and collaborate with Reporting to identify and resolve issues

Provide oversight and development to Associate teammates as applicable

Qualification

Wealth management acumenFinancial planningPortfolio managementCFA®CFP®Series 65 licenseMicrosoft OfficeEffective communicationProblem solvingOrganizational skillsTeamwork