Client Advisor

United States·San Francisco-Sf - San FranciscoNormalmid

OtherClient Advisor

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Quick Summary

Key Responsibilities

Client Service Communicate with clients and their advisors regularly. Provide timely and thorough response. Attend client meetings, document issues discussed and coordinate follow up.

Technical Tools

OtherClient Advisor

The Client Advisor role is an exciting opportunity to join a collaborative team of dedicated professionals that service Bessemer's ultra-high net worth clients. The Client Advisor is responsible for developing and maintaining client relationships through proactive client communication and the coordinated delivery of services to individuals, families, trusts, and foundations.

The Client Advisor acts internally as a liaison between Senior Client Advisors and all other service areas of the organization, such as Tax and Financial Planning, Investments, Legacy Planning and Trust Administration, Alternative Asset Management, Philanthropic Advisory, Real Estate and Insurance Advisory.

Responsibilities

~2 min read

Client Service

→Communicate with clients and their advisors regularly. Provide timely and thorough response.
→Attend client meetings, document issues discussed and coordinate follow up.
→Oversee preparation of client meeting materials. Create custom reports proactively and as requested.
→Document client information and communications in Salesforce.

Account Administration

→Oversee account opening and closing procedures and review related documents.
→Oversee account transactions and reporting.
→Review and be comfortable with client wills, trusts and governing documents and their application to client account administration. Establish necessary automated reminders and follow through.
→Coordinate with Bessemer fiduciary counsel as needed to ensure administration is in accordance with governing documents.
→Prepare Annual Relationship Reviews and assure that all accounts comply with all regulatory requirements.

Investment Management

→Assist the Senior Client Advisor in investment management activities including implementing investment objectives, rebalancing accounts, executing trades, monitoring asset allocation and investment performance, and overseeing investment transition.
→Monitor daily internal reports and work with account team to resolve any issues, such as overdrafts.
→Coordinate client requests for funds including regular disbursements.
→Prepare asset allocation simulation modeling.

Trust Administration

→Prepare initial and annual trust reviews and requests for all discretionary distributions from trusts and for all special investments in trust.
→Make required distributions from trusts and foundations.
→Coordinate annual unitrust payments and private foundation grant payments with tax department.
→Process gifts to charity and family. Prepare and send Crummey letters as appropriate.
→Coordinate with tax department (or clients outside tax preparers) on reporting gifts to, and use of GST exemption on gift tax returns for, irrevocable trusts.
→Prepare reports to Trust Builder for irrevocable insurance trusts (ILITs), make transfers to ILITs as required and pay life insurance premiums.
→Other duties and responsibilities as assigned.

Requirements

~1 min read

Bachelor's degree in a relevant field and ideally 10 or more years of related business experience. Masters preferred.
Excellent writing and presentation skills.
Demonstrated leadership and teamwork qualities.
Ability to organize, complete multiple tasks within deadlines and complete accuracy.
Series 7, Series 63 license desired with two years of Cannon Trust School or equivalent. CTFA, CFP or CFA is a plus.
Ideally, proficient in Microsoft Office Suite - Excel, Outlook, PowerPoint, Word, and Salesforce.

The base salary range for this position is $135,000 - $185,000 per year. This range reflects the minimum and maximum base salary we reasonably expect to pay for this role. In addition, this position may be eligible to participate in the relevant business unit’s incentive compensation plan, and other compensation programs as applicable. Eligible employees may participate in a 401(k) program with a generous profit-sharing contribution, medical, prescription dental, and vision coverage; life insurance; disability coverage; paid holidays; vacation; and sick time, subject to plan terms and Company policies.

Bessemer Trust is a family office, overseeing $250 billion in assets for 3,000 individuals and families of substantial wealth. Its more than 1,300 employees are singularly focused on private wealth management — disciplined investment management, sophisticated wealth planning, comprehensive family office services, and highly personalized client service.
Established in 1907 as the family office for Annie and Henry Phipps, Bessemer Trust is in its seventh generation of ownership by the Phipps family. As a self-made entrepreneur, Henry Phipps was a founding partner and chief financial officer of Carnegie Steel.
Bessemer Trust retains its original focus as a privately owned and independent wealth manager deeply committed to its mission of providing peace of mind to its clients. Bessemer’s adherence to putting clients’ interests first, fiduciary mindset, and highly collaborative culture are at the heart of everything the firm does.

For more than 119 years, Bessemer Trust has operated continuously in a single line of business, independently owned by one family.
Headquartered in New York’s Rockefeller Center, Bessemer Trust has 22 offices in total. Woodbridge, NJ, is one of the firm’s largest offices, which hosts a wide range of technology and operations professionals. In addition to its sizable presence in New York and Woodbridge, the firm provides client service through offices in Atlanta, Boston, Chicago, Dallas, Delaware, Denver, Garden City, Grand Cayman, Greenwich, Houston, Los Angeles, Miami, Naples, Nevada, Palm Beach, San Diego, San Francisco, Seattle, Stuart, and Washington, D.C.
To watch a video about Bessemer Trust’s history, click here.
To learn more about Bessemer Trust, click here.