ASSOCIATE DIRECTOR, PRIVATE WEALTH CLIENT SERVICES

CCM ADMINISTRATIVE SERVICES LLC; Minnetonka (MN); On-site; USD 90,000 - 110,000; Full time

Benefits offered by this job

Medical, dental, vision insurance

401(k) retirement plan

Health savings accounts

Equity in company

Job summary

CCM ADMINISTRATIVE SERVICES LLC is seeking an Associate Director for Private Wealth Client Services in Minnetonka, MN. The role requires over 5 years of experience managing high-net-worth client relationships, focusing on providing comprehensive banking solutions.

The ideal candidate will manage onboarding, investment strategies, and collaborate with clients to enhance service delivery. The position offers a competitive salary between $90,000 and $110,000, along with a comprehensive benefits package.

Qualifications

• 5+ years of financial services experience with ultra-high-net-worth clients.
• Experience with Fidelity and Schwab custodial platforms is a plus.
• Proven ability to handle confidential information with discretion.

Responsibilities

• Manage client relationships on multi-custodial platforms.
• Create and implement customized onboarding experience for high-net-worth clients.
• Identify new technology and opportunities to enhance client experience.

Skills

Client relationship management

Attention to detail

Communication skills

Problem-solving

Financial services experience

Multitasking

Creativity and innovation

Strategic thinking

Education

Bachelor’s degree in Business, Finance, or related field

Tools

Salesforce

Microsoft Office (Word, Excel, PowerPoint, Outlook)

Job description

Job Details: Level: Experienced. Job Location: Minnetonka Office - Minnetonka, MN 55402. Salary Range: $90,000 - $110,000 per year.

Job Summary

Cresset is seeking an Associate Director, Private Wealth Client Services with 5+ years of experience managing the administrative and private banking needs for high‑net‑worth and ultra‑high‑net‑worth clientele. The candidate will serve as primary point of contact for clients and collaborate with a portfolio manager to build strong relationships and drive retention and growth by providing a superior experience.

Key Responsibilities

• Manage client relationships on multi‑custodial platforms.
• Serve as a primary lead for client onboarding, investment implementation, and private banking services.
• Create and implement customized onboarding experience for high‑net‑worth clients.
• Transfer and reconcile assets from contra firms.
• Implement new investment strategies and hire managers as directed by advisor.
• Prepare client subscription and redemption documents related to alternative investments.
• Manage client billing (assign attributes, start/end dates, raising cash).
• Assist with client inquiries regarding inflow and outflows.
• Establish lines of credit/margin.
• Establish 529 accounts.
• Manage client donor‑advised/charitable distributions.
• Attend quarterly client portfolio review meetings as needed.
• Serve as a liaison between Cresset and client CPA’s and attorneys.
• Manage tax document facilitation with client CPA’s.
• Identify new technology and opportunities to enhance client experience and promote internal scalability.

Qualifications

• Bachelor’s degree in Business, Finance, or a related field, or equivalent industry experience.
• 5+ years of financial services experience working with ultra‑high net‑worth clients.
• Knowledge of Fidelity and Schwab custodial platforms is a plus.
• Operate in a dynamic and fast‑paced environment.
• Approach problems with creativity, innovation, and tenacity.
• Possess a strong sense of urgency.
• Think strategically and operate independently.
• Multitask to manage multiple assignments simultaneously.
• Evaluate and prioritize tasks to meet deadlines.
• Organize and create structure for client relationships.
• Collaborate and provide meaningful input to the team.
• Adapt, improvise, and overcome challenges.
• Quickly and efficiently process and absorb information.
• Strong attention to detail to achieve thoroughness and accuracy when accomplishing a task.
• Establish and maintain positive working relationships with clients, peers, CPAs, attorneys, and other professionals.
• Proactively approach problem‑solving with strong decision‑making capability.
• Proven ability to handle confidential information with discretion and demonstrate the highest level of client service, ethics, and integrity.
• Excellent communication skills, both written and verbal.
• Proficient in the use of Salesforce, Microsoft Office programs including Word, Excel, PowerPoint, and Outlook.

What We Offer

Starting base salary of $90,000 - $110,000, with compensation based on experience, licenses/certifications, industry knowledge, and geographic location. Cresset offers a competitive compensation package that includes an annual incentive and a benefits package to all full‑time employees. Benefits include medical, dental, vision, life insurance, 401(k) retirement plan, health savings accounts, short and long‑term disability insurance, voluntary critical and accident insurance, and pre‑tax parking and transportation programs. All employees receive equity in Cresset.

Equal Employment Opportunity

Cresset’s policy of equal employment opportunity (EEO) extends to all employees and applicants for employment without regard to race, color, religion, sex, pregnancy (including childbirth, lactation, or related conditions), national origin or ancestry, age, disability, veteran status, uniformed servicemember status, sexual orientation, gender identity, status as a parent, genetic information, or any other characteristic protected by applicable federal, state, or local law. Cresset complies with applicable laws concerning the employment of persons with disabilities, including reasonable accommodation for applicants and employees with disabilities.