Client Advisory Intern

bessemer; Chicago (IL); On-site; USD 55,000 - 62,000; Full time

Benefits offered by this job

Coaching & guidance from supervisor

Career development sessions

Networking with interns

Job summary

The Client Advisory Intern at Bessemer Trust will work with Wealth Advisory and Client Advisory professionals serving high-net-worth clients, gaining exposure to integrated wealth management services including investment management, planning, tax and estate planning, and client service.

During the internship, you will engage in asset allocation modeling, portfolio and fixed income analyses, tax transition reviews, client communication, cash management, reporting, and presentation development,

Qualifications

• Pursuing a Bachelor's degree with rising senior status.
• Interest in financial services and exposure to Private Wealth Management or Investment Management preferred.
• Strong analytical, problem-solving, and communication skills.
• Proficiency in Microsoft Office Suite.

Responsibilities

• Support reporting, analysis, and presentation requests for prospective clients.
• Provide portfolio analyses and models to the Wealth Advisory team.
• Collaborate with Investment, Tax, Estate Planning to understand client portfolios.
• Prepare materials for prospective client meetings and presentations.
• Participate in projects showcasing the firm's wealth management approach.
• Assist with client meetings and day-to-day service needs.
• Handle routine communications with clients and outside advisors.
• Perform cash management tasks and process payments.
• Prepare customized client reports and analyses.
• Support comprehensive advice across the advisory team.

Skills

Analytical skills

Problem-solving

Attention to detail

Written and verbal communication

Organization

Team collaboration

Discretion with confidential info

Education

Bachelor's degree candidate (rising senior)

Tools

Microsoft Office Suite

Excel

Proprietary research tools

Job description

The Client Advisory Intern will work alongside Client Advisory and Wealth Advisory professionals serving high-net-worth and ultra-high-net-worth individuals and families. Throughout the internship, the intern will gain exposure to Bessemer Trust's integrated approach to wealth management, including investment management, wealth planning, tax and estate planning, client service, and new business development.

The internship will provide hands-on experience in areas including asset allocation modeling, investment portfolio analysis, fixed income portfolio analysis, tax transition portfolio analysis, client communication, cash management, reporting, and client and prospective client presentations. The internship will culminate in a capstone presentation to senior management focused on bringing together the various aspects of wealth advisory.

The Client Advisory Intern will also be trained in the use of proprietary and licensed software and databases.

Wealth Advisory Responsibilities

• Support the Wealth Advisory team with reporting, analysis, and presentation requests for prospective clients
• Work with the Quantitative Analysis group to provide the Wealth Advisory team with portfolio analyses and proprietary models
• Collaborate with Investment, Tax, Estate Planning, and other professionals across the firm to develop a thorough understanding of prospective clients' portfolios, goals, and broader financial situations
• Assist with the preparation of materials used in prospective client meetings and presentations
• Participate in individual and group projects designed to provide exposure to Bessemer’s comprehensive approach to wealth management
• Other responsibilities as assigned

Client Advisory Responsibilities

• Support Client Advisory teams in preparing for client meetings and responding to day-to-day client service needs
• Assist with routine communications and service requests involving clients and their outside advisors
• Perform cash management functions and assist with the processing of payments and other account activity
• Prepare customized client reports, schedules, analyses, and presentation materials
• Work with Investment, Tax, Estate Planning, and other specialists across the firm to support comprehensive advice for clients
• Gain exposure to the management of complex, multigenerational wealth and the coordination required across a client's broader advisory team
• Assist the Client Advisory team with individual and group projects as needed

Qualifications

• In pursuit of a Bachelor's degree (rising senior required)
• Strong interest in financial services; exposure to Private Wealth Management, Investment Management, Investment Banking, or a related field preferred
• Strong analytical and problem-solving skills
• Excellent attention to detail
• Intellectual curiosity and an enthusiasm for learning
• Effective communicator with excellent written and verbal communication skills
• Strong organizational skills and ability to manage multiple priorities
• Collaborative mindset and ability to work effectively as part of a team
• Professionalism and discretion when working with confidential information
• Proficiency in the Microsoft Office Suite

Compensation:$40-$45 per hour depending on grade level and work experience

The Bessemer Trust Internship Program:

Our summer internship program offers real world experience working side-by-side with experts from departments and offices across our firm. Working within your designated team, you will manage individual and group projects, interact with senior leaders, network with fellow interns, and attend a variety of career development sessions virtually and in person at our New York headquarters. Throughout the program, you will receive ongoing coaching and guidance from your supervisor to support your development, help you navigate your responsibilities, and set you up for success.

Company Information and Culture

Bessemer Trust is a family office, overseeing $250 billion in assets for over 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.

Key Facts

• For 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.

Bessemer Trust is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. We encourage candidates of diverse backgrounds to apply.