Associate Private Wealth Advisor

Pennington Partners & Co.; Washington (District of Columbia, MD); On-site; USD 120,000 - 190,000; Full time

Benefits offered by this job

Salary with bonus

Robust benefits package

Health & Wellness stipend

PTO 15 days + holidays + parentalLeave

Job summary

Pennington Partners & Co. is seeking an Associate Private Wealth Advisor to work with portfolio managers and advisors across the United States, delivering tailored wealth and investment advice to ultra-high-net-worth families.

You will design integrated plans across investments, tax planning, and estate strategies, coordinating with CPAs and internal teams for seamless execution. Strong communication and discretion are essential to success.

Qualifications

• Bachelor's degree required; a graduate degree in finance, business, or a related field is strongly preferred.
• Progressing toward a CFP, CFA, CPWA, CEPA, or CAIA certification.
• 3–5 years of experience in finance, ideally at a private investment firm, registered investment advisor, family office, or investment research consultancy.
• Familiarity with alternative investments (private equity, private credit, hedge funds, real assets) and multi-asset portfolio construction.
• Working knowledge of income tax planning concepts and their intersection with investment strategy.
• Strong critical thinking and analytical skills, with the ability to synthesize complex information into clear, actionable recommendations.
• Excellent written and verbal communication skills, including the ability to present sophisticated ideas in plain language to non-technical clients.
• Exceptional organizational skills and the ability to manage multiple priorities simultaneously in a fast-paced, entrepreneurial environment.
• High degree of discretion and professionalism when working with ultra-high-net-worth individuals and families.

Responsibilities

• Support the partners along with the Client Relationship team in delivering a seamless, coordinated client experience to our clients, drawing on deep knowledge of asset classes, investment vehicles, and market trends.
• Develop a thorough understanding of each family's financial objectives, risk tolerance, and values, and help design and implement tailored wealth plans that integrate investment management, income tax planning, and estate planning strategies.
• Coordinate with outside CPAs, family accountants, and internal teams to ensure seamless execution across all client activities.
• Monitor existing investments for compliance with client investment policy statements and the terms of each investment, while staying current on market developments, regulatory changes, and emerging trends.
• Contribute to portfolio-level initiatives led by the investment committee, including research into new alternative investment strategies and asset allocation analysis.
• Support income tax planning efforts to help families minimize liabilities and maximize after-tax wealth.
• Leverage relationships with general partners and investment professionals to monitor fund developments; design reports to track markets and portfolio activity; and assist in developing agendas for investment conferences and firm events.
• Take on special projects and other assignments as the needs of the firm and clients evolve.

Skills

Strong communication

Analytical skills

Discretion and professionalism

Project management

Client interaction

Education

Bachelor's degree

Graduate degree preferred

Job description

Founded in 2016, Pennington Partners is an award-winning multi-family office that serves entrepreneurial founders, high-income earners, and multi-generational families through integrated wealth and investment solutions. Managing more than $5 billion across advisory mandates, private funds, and affiliated entities, Pennington Partners brings rigor with an entrepreneurial spirit.

Our culture is vibrant, intelligent, and relentlessly driven. We are an ensemble of exceptional professionals with diverse, multi-disciplinary backgrounds who value independent judgment, integrity, and fresh thinking. While the firm continues to gain scale and institutional structure, we remain deeply committed to our entrepreneurial roots—valuing agility, creativity, and an unwavering client focus.

About the Position

The Associate Private Wealth Advisor will work alongside our Portfolio Managers/Advisors to serve our clients across the United States. Supporting some of the country's most accomplished families demands a deep commitment to personalized service and investment excellence.

This individual prides themselves on delivering tailored solutions that advance our clients' financial lives and long-term wealth strategies. They bring clear, concise communication, disciplined follow-through, and sound judgment to every client interaction — qualities that define how we operate as a firm.

What You'll Do

• Support the partners along with the Client Relationship team in delivering a seamless, coordinated client experience to our clients, drawing on deep knowledge of asset classes, investment vehicles, and market trends.
• Develop a thorough understanding of each family's financial objectives, risk tolerance, and values, and help design and implement tailored wealth plans that integrate investment management, income tax planning, and estate planning strategies.
• Coordinate with outside CPAs, family accountants, and internal teams — including investments, operations, estate planning, and compliance — to ensure seamless execution across all client activities.
• Monitor existing investments for compliance with client investment policy statements and the terms of each investment, while staying current on market developments, regulatory changes, and emerging trends.
• Contribute to portfolio-level initiatives led by the investment committee, including research into new alternative investment strategies and asset allocation analysis.
• Support income tax planning efforts to help families minimize liabilities and maximize after-tax wealth.
• Leverage relationships with general partners and investment professionals to monitor fund developments; design reports to track markets and portfolio activity; and assist in developing agendas for investment conferences and firm events.
• Take on special projects and other assignments as the needs of the firm and clients evolve.

What You'll Need

• Bachelor's degree required; a graduate degree in finance, business, or a related field is strongly preferred.
• Progressing toward a CFP, CFA, CPWA, CEPA, or CAIA certification.
• 3–5 years of experience in finance, ideally at a private investment firm, registered investment advisor, family office, or investment research consultancy.
• Familiarity with alternative investments (private equity, private credit, hedge funds, real assets) and multi-asset portfolio construction.
• Working knowledge of income tax planning concepts and their intersection with investment strategy.
• Strong critical thinking and analytical skills, with the ability to synthesize complex information into clear, actionable recommendations.
• Excellent written and verbal communication skills, including the ability to present sophisticated ideas in plain language to non-technical clients.
• Exceptional organizational skills and the ability to manage multiple priorities simultaneously in a fast-paced, entrepreneurial environment.
• High degree of discretion and professionalism when working with ultra-high-net-worth individuals and families.

What You'll Get

We offer competitive and comprehensive benefits to help you prioritize your wellness and your career development. Working with a company that leverages our Core Values: Developing One’s Greatest Potential, Thinking Big, Client Obsession, Repair Our World.

• Salary - Competitive compensation (base salary + target bonus)
• Benefits - Robust benefits package with a choice of PPO Health Insurance Plans covering medical, dental, vision, disability, and group term life insurance with 100% of the employee's premium paid by us. Optional HSA Plan, with a $600 employer contribution. 401K Plan with employer match, commuter parking benefit, cell phone reimbursement.
• Health & Wellness – $100/month stipend to use on the choice of fitness, meditation classes, meal kits, CSA, and more. Oura Ring welcome gift and one-year subscription to the Oura Ring app, and Pennington welcome swag! Worldwide emergency travel assistance coverage.
• Paid Time Off - 15 days PTO, sick leave, bereavement leave, 11 federal holidays, and 3 floating holidays. Paid maternity and paternity leave for biological and adoptive parents, plus the option to work from home after paid leave ends to extend time with your growing family, and a $4,000 childcare stipend to help you transition back to work.

EQUAL EMPLOYMENT OPPORTUNITY

It is the policy of Pennington Partners to ensure equal employment opportunity (EEO) for 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 service member status, sexual orientation, gender identity, status as a parent, genetic information (including testing and characteristics), or any other characteristic protected by applicable federal, state, or local law. It is Pennington Partner’s policy to comply with applicable laws concerning the employment of persons with disabilities, including reasonable accommodation for applicants and employees with disabilities.