Ascent Managing Director, Client Advisory

U.S. Bank; Minneapolis (MN); On-site; USD 193,000 - 250,000; Full time

Job summary

U.S. Bank is seeking a Managing Director, Client Advisor to lead client relations and business development for ultra-high-net-worth clients. The role requires extensive experience, strong leadership skills, and a deep understanding of wealth management. This position offers an exciting opportunity to work within a collaborative team and foster client growth in a dynamic environment.

Benefits

401(k) and employer-funded retirement plan

Paid vacation

Up to 11 paid holiday opportunities

Short-term and long-term disability

Healthcare (medical, dental, vision)

Qualifications

• 10-12 years of UHNW family client leadership/advisory experience.
• Extensive UHNW client and COI network in the local market.
• Expertise that is directly relevant to UHNW clients.

Responsibilities

• Responsible for retention, development and growth of a book of business.
• Provide advice in private banking, personal trust, and investments.
• Ensure exceptional fiduciary and client advisory functions.

Skills

Leadership

Networking

Public Speaking

Analytical Skills

Problem-Solving

Education

JD, LLM, CPA, MBA, CFA, CFP, CAIA

Job description

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

Ascent services clients with net worth in excess of $75MM, with average client assets above $100MM. The Managing Director, Client Advisor (MDCA) is the lead relationship manager and team coordinator for a dedicated, highly skilled team of industry credentialed individuals who provide extraordinary service to an exclusive group of ultra-high-net-worth (UHNW) clients. In this role, the MDCA serves as the generalist relationship manager and primary point of contact for these moderately to highly complex clients on behalf of Ascent. The MDCA drives and coordinates the activity of the Ascent team, providing a full complement of services to the client group, and leads the team in identifying, developing and closing new business opportunities with both these clients and new outside clients. In addition, the MDCA will expand Ascent's presence in the UHNW market including representation of the business segment in the region at community events as well as within the broader bank.

In order to best fit this firm’s unique culture, the ideal candidate would possess “quiet confidence”, is not ego-centric and performs best in a highly collaborative, collegial, team-approach model. The MDCA should be able to thrive in an environment working with exceptional people, with the ability to work alongside highly trained and educated professionals. The MDCA reports directly to the Regional Managing Director for the region.

Essential Functions:

Responsible for retention, development and growth of book of business

Provide and/or coordinate advice and counsel to clients and prospects in the areas of private banking, personal trust and investments.

Ensure the fiduciary and client advisory functions are performed at an exceptional level while maintaining proper risk management and client satisfaction

Proactively identify potential business opportunities and/or high-risk situations

Responsible for providing assistance and support across all wealth management functions (investment, trust and banking) and all front office duties to ensure the Ascent client experience is consistently meeting the standards set forth by leadership.

At least 10-12 years of UHNW family client leadership/advisory with consultative focus.

Extensive UHNW client and COI network in the market they are leading

Prefer advanced expertise that is directly relevant to UHNW clients (JD, LLM, CPA, MBA, CFA, CFP, CAIA, etc.), or a track record of working with these types of professional resources.

Wealth management experience in the areas of investments, banking, fiduciary services and/or finance.

Currently reside in the local area or have significant relevant experience and relationships in the region

Industry leading business development and networking acumen

Public speaking ability and experience

Preferred Skills/Experience

Well-developed leadership abilities and strategic management skills

Thorough knowledge of division and relation to industry

Strong verbal and written communication skills

Well-developed analytical, decision-making and problem-solving skills

Considerable tact, diplomacy and people skills

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

Basic term and optional term life insurance

Short-term and long-term disability

Pregnancy disability and parental leave

401(k) and employer-funded retirement plan

Paid vacation (from two to five weeks depending on salary grade and tenure)

Up to 11 paid holiday opportunities

Adoption assistance

Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program .

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $193,035.00 - $227,100.00 - $249,810.00

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

Ascent services clients with net worth in excess of $75MM, with average client assets above $100MM. The Managing Director, Client Advisor (MDCA) is the lead relationship manager and team coordinator for a dedicated, highly skilled team of industry credentialed individuals who provide extraordinary service to an exclusive group of ultra-high-net-worth (UHNW) clients. In this role, the MDCA serves as the generalist relationship manager and primary point of contact for these moderately to highly complex clients on behalf of Ascent. The MDCA drives and coordinates the activity of the Ascent team, providing a full complement of services to the client group, and leads the team in identifying, developing and closing new business opportunities with both these clients and new outside clients. In addition, the MDCA will expand Ascent's presence in the UHNW market including representation of the business segment in the region at community events as well as within the broader bank.

In order to best fit this firm’s unique culture, the ideal candidate would possess “quiet confidence”, is not ego-centric and performs best in a highly collaborative, collegial, team-approach model. The MDCA should be able to thrive in an environment working with exceptional people, with the ability to work alongside highly trained and educated professionals. The MDCA reports directly to the Regional Managing Director for the region.

Essential Functions:

• Responsible for retention, development and growth of book of business

• Provide and/or coordinate advice and counsel to clients and prospects in the areas of private banking, personal trust and investments.

• Ensure the fiduciary and client advisory functions are performed at an exceptional level while maintaining proper risk management and client satisfaction

• Proactively identify potential business opportunities and/or high-risk situations

• Responsible for providing assistance and support across all wealth management functions (investment, trust and banking) and all front office duties to ensure the Ascent client experience is consistently meeting the standards set forth by leadership.

Minimum Requirements:

• At least 10-12 years of UHNW family client leadership/advisory with consultative focus.

• Extensive UHNW client and COI network in the market they are leading

• Prefer advanced expertise that is directly relevant to UHNW clients (JD, LLM, CPA, MBA, CFA, CFP, CAIA, etc.), or a track record of working with these types of professional resources.

• Wealth management experience in the areas of investments, banking, fiduciary services and/or finance.

• Currently reside in the local area or have significant relevant experience and relationships in the region

• Industry leading business development and networking acumen

• Public speaking ability and experience

Preferred Skills/Experience

• Well-developed leadership abilities and strategic management skills

• Thorough knowledge of division and relation to industry

• Strong verbal and written communication skills

• Well-developed analytical, decision-making and problem-solving skills

• Considerable tact, diplomacy and people skills

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants .

Benefits:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

• Healthcare (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability

• Pregnancy disability and parental leave

• 401(k) and employer-funded retirement plan

• Paid vacation (from two to five weeks depending on salary grade and tenure)

• Up to 11 paid holiday opportunities

• Adoption assistance

• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program .

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $193,035.00 - $227,100.00 - $249,810.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.

About the company

US Bancorp is an American bank holding company based in Minneapolis, Minnesota, and incorporated in Delaware.

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