Family Wealth Associate

About Pitcairn; Conshohocken (Montgomery County); On-site; USD 110,000 - 170,000; Full time

Job summary

Pitcairn’s Shared Single-Family Office model supports ultra-high-net-worth families and family offices. The role participates with Relationship Managers in all aspects of financial planning and leads the client service experience for select client teams.

Ideal candidates hold a Bachelor's degree with 5+ years in a client-focused professional services organization, strong MS Office skills, and relevant CFP/Series 65/66 designations or progress toward them.

Qualifications

• Bachelor’s degree in accounting, finance, economics, or related field.
• Minimum 5 years of experience in a client-focused professional services organization.
• Excellent computer skills (MS Office) and familiarity with financial analysis applications.

Responsibilities

• Assist Relationship Managers with comprehensive financial planning and lead the client service experience for a subset of client team relationships.
• Prepare cash flow reports, balance sheets, and net worth statements; analyze impact of market returns and spending on wealth projections.
• Implement and monitor asset allocation; perform trading and rebalancing analysis; initiate transactions for mutual funds, ETFs, and separately managed accounts; tax-loss harvesting and portfolio monitoring.
• Coordinate collection of income tax information, calculation and payment of taxes, and client requests for tax projections.
• Examine insurance needs and coordinate implementation with the Family Office Insurance Administrator.
• Create reports and other client deliverables; generate custom content for complex client families.
• Review client fee calculations for accuracy and obtain approvals for asset-specific fee exceptions.
• Ensure annual compliance review requirements are met for all accounts.

Skills

Financial planning

Client service

Communication

Analytical skills

MS Office

Education

Bachelor’s degree in Accounting, Finance, Economics or related field

Tools

Excel

PowerPoint

Word

Outlook

Job description

Pitcairn’s innovative Shared Single-Family Office™ model provides unparalleled service to wealthy families and other family offices. Since the firm’s founding in 1923, Pitcairn has helped ultra-high-net-worth families and its members navigate the individual, interpersonal, and institutional challenges that come with wealth. We understand multigenerational family wealth in a way that few other wealth advisory firms do. Our comprehensive family office services include investment advisory, tax, trust and estate planning, risk management, philanthropy, household-level financial services, as well as family education and family governance support.

PRIMARY FUNCTION

Participate as a member of a client segment group to support Relationship Managers in all aspects of the financial planning process for ultra-high-net-worth client families and single-family office clients. Lead the client service experience for a subset of client team relationships.

RESPONSIBILITIES

• Assist Relationship Managers with comprehensive financial planning and lead the client service experience for a subset of the client team relationships, including but not limited to:

• Financial – Prepare cash flow reports, balance sheets, and net worth statements; analyze the impact of various financial market return assumptions and spending rates on wealth projections.
• Investments – Implement and monitor client’s asset allocation; perform trading and rebalancing analysis; initiate transactions for mutual funds, ETFs, and separately managed accounts, tax-loss harvesting and portfolio monitoring to meet cash needs.
• Tax – Coordinate the collection of income tax information, calculation and payment of taxes, and client requests for tax projections.
• Insurance – Examination of insurance needs (life, property & casualty, long-term care, excess liability, etc.) and coordination of implementation with the Family Office Insurance Administrator.

• Create reports and other client deliverables. Collaborate with Relationship Managers to generate custom content to meet the needs of complex client families.
• Review client fee calculations for accuracy and obtain the necessary approvals for asset-specific fee exceptions.
• Ensure annual compliance review requirements are met for all accounts.
• Perform other duties as assigned for the efficient operation of the department.

EDUCATION/EXPERIENCE

Bachelor’s Degree in Accounting, Finance, Economics, or another Social Sciences field with a minimum of 5 years of experience in a client-focused professional services organization. Excellent computer skills (Microsoft Word, Outlook, Excel, PowerPoint) and familiarity with financial analysis applications.

CERTIFICATIONS

Candidate attained or is expected to attain the CERTIFIED FINANCIAL PLANNER™ (CFP®) designation.

Series 65/66 required within the first 90 days of employment.

DESIRABLE ATTRIBUTES

Successful candidates will possess a broad range of skills including:

• Ability to service clients along the family arc.
• Strong interpersonal skills with excellent written and verbal communication.
• Clear potential to develop business acumen including strong quantitative/qualitative analytical skills.
• Ability to take ownership of tasks/client responsibilities, both internally/externally.
• Curiosity that lends itself to strategic thinking and creative problem solving.
• Self-motivated with a sense of curiosity, urgency, and accountability.
• Ability to influence and establish credibility, trust, and confidence with a range of clients/colleagues.
• Ability to work both as an individual and a collaborative team member.

Pitcairn is an Equal Opportunity Employer. All qualified applicants will be considered for employment without regard to their race, color, religion, ancestry, national origin, sex, gender identity, sexual orientation, age, disability, marital status, domestic partner status, status as a parent or medical condition. Pitcairn complies with applicable state and local laws governing non-discrimination in employment in every location in which the Company has facilities. As an investment advisor, employees of Pitcairn may be subject to certain limitations on personal investment activities.