Sr Associate, Wealth Strategies

ntrs; Lake Forest (IL); On-site; USD 74,000 - 126,000; Full time

Benefits offered by this job

Comprehensive benefits

Discretionary bonus program

Job summary

Northern Trust is seeking a Senior Associate, Wealth Strategies within Wealth Management in the United States. You will support Wealth Strategists across the sales process, prepare proposals, coordinate the team, onboard new clients, and maintain the pipeline while developing expertise in fiduciary and financial planning matters.

Responsibilities include compiling prospect materials, coordinating meetings, and communicating with clients and advisors to advance opportunities, with a focus on

Qualifications

• Undergraduate degree or equivalent experience.
• Strong computer skills - PowerPoint, Word, Excel.
• Some years of wealth management or similar experience.
• Basic knowledge of personal financial planning, trust and investment products.
• Organizational and personal computer skills to prepare materials for prospect/COI meetings.
• Knowledge of duties within bank divisions to direct inquiries and requests for client information.
• Interactive skills to respond to Wealth Strategist/ prospect needs.

Responsibilities

• Research prospects and prepare letters, agreements and updates for meetings.
• Compile reports for prospects, COI or client meetings and presentations.
• Arrange meetings with travel, AV equipment and meals as needed.
• Coordinate special projects and account/workflow reports.
• Support DRIP campaigns to convert leads into prospects.
• Review asset/family documents to assess bank appointment status and discrepancies.
• Maintain active prospect files and reminders to initiate calls for progress.
• Draft letters to prospective clients and follow up by phone.
• Communicate with partner areas on client relationships and activities.
• Respond to inquiries via written correspondence or phone.
• Develop knowledge of trust-oriented services and financial planning.

Skills

Wealth management experience

Interactive communication

Education

Undergraduate degree or equivalent experience

Tools

PowerPoint

Word

Excel

Job description

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world's most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

Senior Associate, Wealth Strategies, Wealth Management

The Senior Associate role is responsible for working closely with Wealth Strategists in support of all aspects of the sales process including: COI Cultivation / Identification of potential prospects / Preparation of presentation and meeting materials including fee proposals / Coordination of the broader sales team for each new business opportunity - including Trust, Investment & Banking Partners / Preparation of new client documentation and legal agreements / Direct communication with prospective clients and their advisors / Onboarding of new clients / Maintaining the sales pipeline report / Booking new trust and investment business.

In addition to gaining expertise in the sale process, this role will allow the incumbent to develop a strong understanding and knowledge of investment management, fiduciary and financial planning matters.

Major Job Duties:

1. Research prospects utilizing approved tools. Prepares materials (i.e. letters, agreements, marketing updates) for prospect, COI or client meetings and presentations.
2. Compile reports for prospects, COI or client meetings and presentations.
3. Make necessary arrangements for prospect, COI or client meetings involving travel, audio-visual aides, seminar/lunch/dinner reservations, meetings, seminars, etc.
4. Perform special projects (i.e. coordinating reports, preparing account analysis and workflow reports) that require responding to specific account inquiries and issues.
5. Work with prospect database to implement proactive DRIP campaign to convert leads into prospects.
6. Review and organizes all asset/family information and trust documents to assess the banks appointment status, and any discrepancies between documents. Reviews all correspondence and accompanying documentation from prospects and attorneys to assimilate all possible information about new business opportunity.
7. Work with Wealth Strategist to maintain active prospect files and reminders to initiate calls for making forward progress.
8. Compose letters to prospective clients and follow up with telephone calls to arrange meetings.
9. Communicate with partner areas on all aspects of a prospect/client relationship and initiate activity which fulfills a partners or client needs.
10. Respond to individual prospects/client inquiries and respond through written correspondence or via telephone.
11. Develop knowledge of a full range of trust-oriented services (e.g. personal trusts, living trusts, wills, investment management, security custody, financial consulting, estate and tax planning). Attend meetings and classes to keep abreast of personal financial planning products and services.

Qualifications

Undergraduate Degree or equivalent experience

Strong computer skills - PowerPoint, Word, Excel

Some years of wealth management or similar experience.

Basic knowledge of personal financial planning, trust and investment products and services.

Organizational and personal computer skills are necessary to prepare materials for prospect and COI meetings and presentations.

Some knowledge of the duties performed within the various departments and divisions of the bank acquired through work experience is required to direct inquiries and requests for client-related information.

Interactive skills are required to understand Wealth Strategist (and prospect) needs and respond with the appropriate solutions.

Salary Range:

$74,200 - 126,200 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.

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B