Family Wealth Associate

Pitcairn; Conshohocken (Montgomery County); On-site; USD 100,000 - 150,000; Full time

Job summary

Pitcairn seeks a seasoned client service professional to support Relationship Managers in all facets of comprehensive financial planning for ultra-high-net-worth client families and single-family office clients. You will lead the client service experience for a subset of client team relationships.

Responsibilities include cash flow reports, balance sheets, net worth analyses, asset allocation monitoring, tax projections coordination, insurance coordination, and ensuring accuracy of fee

Qualifications

• Bachelor’s degree in Accounting, Finance, Economics or related field with 5+ years in client-focused professional services.
• CFP designation pursued or attained; Series 65/66 within first 90 days.
• Strong communication, analytical and financial planning capabilities.

Responsibilities

• Assist Relationship Managers with comprehensive financial planning and lead client service for client teams.
• Prepare cash flow reports, balance sheets and net worth statements; analyze impact of market assumptions.
• Monitor asset allocations, initiate trades, and coordinate tax projections and fee accuracy.
• Coordinate insurance needs and collaborate on client deliverables and reporting.
• Ensure compliance reviews are completed and support firm operations efficiently.

Skills

Client service

Financial planning

Interpersonal skills

Analytical skills

Communication

Education

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

CFP designation (expected)

Series 65/66

Tools

Microsoft Excel

Portfolio reporting tools

Financial analysis software

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.