Wealth Advisor

001 The Northern Trust Company; New York (NY); On-site; USD 189,000 - 331,000; Full time

Benefits offered by this job

401k and pension

Health benefits

Paid time off

Parental leave

Life insurance

Discretionary bonus

Job summary

The Northern Trust Company is seeking an experienced wealth planning professional in New York to lead comprehensive wealth strategies for high‑net‑worth clients. You will work with Lead Relationship Managers and partners across advisory teams to design and implement plans that optimize wealth transfer and tax efficiency.

You will mentor advisors, collaborate with internal experts, and play a key role in expanding client relationships while maintaining the highest standards of service and

Qualifications

• 5-7 years wealth planning experience with high/ultra-high net worth clients.
• Advanced educational and professional designations CFP, JD, MBA.
• Strong knowledge of wealth transfer, taxation, estate planning.

Responsibilities

• Develop comprehensive wealth profiles and identify client goals.
• Design wealth plans integrating wealth transfer and tax efficiency goals.
• Collaborate with portfolio managers, advisors and Northern Trust professionals.
• Monitor and periodically update client wealth plans.
• Assist in sales growth and expand client relationships with new products.
• Mentor associates and lead advisory teams.
• Engage with professional advisor networks and events.

Skills

Wealth transfer

Tax planning

Fiduciary practice

Analytical skills

Education

CFP

JD

MBA

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.

Major Duties

• 1. Development of a comprehensive personal and financial wealth profile on the client and the client’s family including identification of wealth related life goals in collaboration with Lead Relationship Manager, if any.
• 2. Design and implement, in collaboration with the client’s professional advisors and Northern partners, a wealth plan integrating wealth management, wealth transfer and tax efficiency goals. Collaborate with Regional Wealth Advisor in design and modelling of wealth plans for ultra-high net worth clients where a Regional Wealth Advisor is engaged.
• 3. Work in close collaboration with the Portfolio Manager, Regional Wealth Advisor, Trust Advisor, Banker and other Northern Trust professionals in the implementation of the client’s wealth plan.
• 4. Monitor and periodically update client wealth plan.
• 5. Active assistance in the sales process and identification of opportunities to expand client relationships through the introduction of new Northern Trust products and services.
• 6. Serve as a mentor to Associate Wealth Advisors and Wealth Advisors.
• 7. Actively engage in cultivation of professional advisor relationships, including attendance at and participation in professional conferences and professional advisor networks.
• 8. Operates independently; has in-depth knowledge of business unit / function.
• 9. As subject area expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level.
• 10. Carries out activities that are large in scope, cross-functional and technically difficult.
• 11. Role is balanced between high level operational execution and development, and execution of strategic direction of business function activities.
• 12. Conducts preliminary analysis.
• 13. Responsible for direct interaction with different committees and/or management.
• 14. Strategic in developing, implementing and administering programs within functional areas.

Knowledge

• Strong knowledge of wealth transfer planning, taxation, estate planning solutions, wealth management products and services usually acquired through extensive work related experience with high/ultra-high net worth clients in financial services, law or consulting.
• Broad based technical and analytical skills in wealth planning, wealth transfer, tax, philanthropy, fiduciary practice, asset location and preservation and related disciplines.
• Strong interpersonal skills and proactive consultative orientation.

Experience

• 5-7 years wealth planning experience working with high/ultra-high net worth individuals and families in a comprehensive capacity; advanced educational and professional designations including CFP, JD, MBA and similar evidence of advanced learning and professional consulting qualification desired.

Salary Range: $189,290 - 331,200 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-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

Working with Us As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail], or alternatively you can discuss your individual requirements with the recruiter you are working with.

Looking for greater? You found it. 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.

Terms and Conditions Candidate Privacy Notice California Applicant Privacy Notice Pay Transparency Nondiscrimination Provision (U.S) Transparency in Coverage Disclosure – North America 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.

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.

Canada EEO STATEMENT 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. EEO Know Your Rights (U.S.)