Wealth Management: Family Business Practice Leader

Northern Trust; Chicago (IL); On-site; USD 172,000 - 301,000; Full time

Job summary

Northern Trust Wealth Management in Chicago seeks a senior leader to head its Family Business Group. You will guide high net worth families on governance, succession planning, and strategic ownership considerations, reporting to the Director of Business Services.

The role leads a team of attorneys, accountants, and valuation professionals, defines growth strategy, evaluates opportunities, and oversees client service standards and risk management, with opportunities to speak and publish.

Qualifications

• Significant (+10 years) experience advising private businesses.
• Deep understanding of family governance and business succession strategies.
• Experience advising high net worth families and guiding multi-generational entities.

Responsibilities

• Defining long-term growth strategy and annual business plan for the group.
• Supporting new business development by evaluating opportunities and meeting clients.
• Advising high net worth families on governance and succession strategies.
• Marketing the group to internal teams and external industry groups.
• Staffing, hiring, and training of team members.
• Managing operational processes for the group’s portfolio of assets.
• Overseeing risk management and regulatory interactions.
• Upholding client service standards and managing vendor relationships.
• Serving as subject matter experts and contributing to speaking engagements and articles.

Skills

Leadership

Advisory experience

Family governance

Business development

Executive communication

Job description

Northern Trust Wealth Management in Chicago seeks a senior leader to head its Family Business Group. You will guide high net worth families on governance, succession planning, and strategic ownership considerations, reporting to the Director of Business Services.

The role leads a team of attorneys, accountants, and valuation professionals, defines growth strategy, evaluates opportunities, and oversees client service standards and risk management, with opportunities to speak and publish.