Associate Wealth Advisor

Northern Trust Corp; Chicago (IL); Hybrid; USD 99,000 - 170,000; Full time

Job summary

A leading financial institution is seeking an Associate Wealth Advisor in Chicago. This role supports wealth planning for ultra-high net-worth individuals, collecting and analyzing data, preparing materials, and collaborating with advisors. Ideal candidates will have relevant experience and strong analytical skills, with opportunities for growth in a dynamic environment.

Benefits

Flexible work model

Comprehensive benefits package

Professional development opportunities

Discretionary bonus program

Qualifications

• 2-4 years' experience in estate and financial planning preferred.
• Familiarity with wealth transfer strategies and estate planning.
• Expected to have or pursue professional designations.

Responsibilities

• Collect and maintain client personal and estate planning data.
• Prepare detailed balance sheets and comprehensive flow charts.
• Conduct research and prepare presentations for client meetings.

Skills

Attention to Detail

Presentation Skills

Communication Skills

Time Management

Organizational Skills

Education

CFP, CPA, JD, MBA or similar

Tools

Excel

PowerPoint

Outlook

Word

Adobe Acrobat

Visio

Job description

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

We have a balanced hybrid working model to ensure you get the flexibility you needand the successful candidate will spend their time between working in the office and working from home.

As an Associate Wealth Advisor, you will be responsible for supporting partners in wealth planning related work for our ultra-high net-worth individual and client family relationships.

Working with the Regional Wealth Advisors, you will be responsible for collecting, reviewing and synthesizing personal and wealth profile data and modeling strategies and solutions. The role entails creation of subject matter decks and meeting materials, some light research, creation of detailed balance sheets and estate flow charts, reviewing and synthesizing of estate planning documents, along with collaboration with the broader wealth management teams.

You will have varying degrees of client interaction depending upon the nature of a client’s projects and needs, but you will not have client relationships of your own. Additionally, you will be responsible for providing overall support to the Regional Wealth Advisors and, when appropriate, to the ultra-high net worth team. Given the nature of the clients served, you will interface with teams and groups across the wealth management spectrum.

This position can be a career choice or a steppingstone along your career path, but it is an interactive and collaborative role supporting the Regional Wealth Advisors with a focus on knowledge, growth and development.

This is NOT an investment focused position.

Major Duties Include:

1. Collect, organize and maintain client personal and estate planning profile data.
2. Review and synthesize client profile data and assist in the design of client profiles and wealth plans integrating wealth management, wealth transfer and tax efficiency goals.
3. Prepare detailed balance sheets by reviewing source documents to ensure proper ownership.
4. Prepare comprehensive flow charts that incorporate all estate planning and business entity documents.
5. Coordinate internal and external communications and meetings with prospects, clients, partners and external advisors.
4. Communicate with internal and external partners, professional advisors and others to obtain and deliver wealth plan related information.
6. Conduct fundamental research related to estate planning solutions and strategies.
7. Prepare presentations for client meetings.
8. Help manage daily operational activities and supervise day-to-day work of junior level employees (but not a formal management role)
9. Perform light administrative duties required of the role, including travel and expense reporting, preparation of meeting materials, pipeline management, meeting scheduling, etc.
10. Attention to detail is a requirement so proofing is an important part of the job.


The successful candidate will benefit from having:

· 2-4 years estate and financial planning and analysis experience with high-income/net worth individuals and families desired.
· A familiarity with wealth transfer strategies, rudimentary estate and gift tax rules, and basic planning concepts like retirement and education planning
· A basic understanding of wills, trusts and ancillary estate planning documents
· Expected to have or be pursuing professional designations including CFP, CPA, JD, MBA and similar evidence of advanced learning and professional qualification.
· Strong presentation and communication skills (written and verbal)
· Ability to multi-task and meet deadlines with strong time management and organizational skills
· Must possess high attention to detail and well-developed proof-reading skills
· An intellectually curious, self-starter
· Highly proficient in Excel and PowerPoint; Proficient in Outlook, Word, Adobe Acrobat, and Visio. Ability to learn other software platforms.

Salary Range:

$99,600 - 169,200 USD

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

We have a balanced hybrid working model to ensure you get the flexibility you needand the successful candidate will spend their time between working in the office and working from home.

As an Associate Wealth Advisor, you will be responsible for supporting partners in wealth planning related work for our ultra-high net-worth individual and client family relationships.

Working with the Regional Wealth Advisors, you will be responsible for collecting, reviewing and synthesizing personal and wealth profile data and modeling strategies and solutions. The role entails creation of subject matter decks and meeting materials, some light research, creation of detailed balance sheets and estate flow charts, reviewing and synthesizing of estate planning documents, along with collaboration with the broader wealth management teams.

You will have varying degrees of client interaction depending upon the nature of a client’s projects and needs, but you will not have client relationships of your own. Additionally, you will be responsible for providing overall support to the Regional Wealth Advisors and, when appropriate, to the ultra-high net worth team. Given the nature of the clients served, you will interface with teams and groups across the wealth management spectrum.

This position can be a career choice or a steppingstone along your career path, but it is an interactive and collaborative role supporting the Regional Wealth Advisors with a focus on knowledge, growth and development.

This is NOT an investment focused position.

Major Duties Include:

1. Collect, organize and maintain client personal and estate planning profile data.
2. Review and synthesize client profile data and assist in the design of client profiles and wealth plans integrating wealth management, wealth transfer and tax efficiency goals.
3. Prepare detailed balance sheets by reviewing source documents to ensure proper ownership.
4. Prepare comprehensive flow charts that incorporate all estate planning and business entity documents.
5. Coordinate internal and external communications and meetings with prospects, clients, partners and external advisors.
4. Communicate with internal and external partners, professional advisors and others to obtain and deliver wealth plan related information.
6. Conduct fundamental research related to estate planning solutions and strategies.
7. Prepare presentations for client meetings.
8. Help manage daily operational activities and supervise day-to-day work of junior level employees (but not a formal management role)
9. Perform light administrative duties required of the role, including travel and expense reporting, preparation of meeting materials, pipeline management, meeting scheduling, etc.
10. Attention to detail is a requirement so proofing is an important part of the job.


The successful candidate will benefit from having:

· 2-4 years estate and financial planning and analysis experience with high-income/net worth individuals and families desired.
· A familiarity with wealth transfer strategies, rudimentary estate and gift tax rules, and basic planning concepts like retirement and education planning
· A basic understanding of wills, trusts and ancillary estate planning documents
· Expected to have or be pursuing professional designations including CFP, CPA, JD, MBA and similar evidence of advanced learning and professional qualification.
· Strong presentation and communication skills (written and verbal)
· Ability to multi-task and meet deadlines with strong time management and organizational skills
· Must possess high attention to detail and well-developed proof-reading skills
· An intellectually curious, self-starter
· Highly proficient in Excel and PowerPoint; Proficient in Outlook, Word, Adobe Acrobat, and Visio. Ability to learn other software platforms.

Salary Range:

$99,600 - 169,200 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve!Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us andapply today.#MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail] .

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.

A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies.

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), [phone] (Asia Pacific), 1800-425-0333 (India), [phone] (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

Equal Employment Opportunity Statements

APAC/INDIA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

EMEA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

USA EEO STATEMENT

It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status.