Associate Client Advisor

About Bessemer Trust

• Bessemer Trust is a family office overseeing $250 billion in assets for 3,000 individuals and families of substantial wealth.
• With over 1,300 employees, the firm is singularly focused on private wealth management, including disciplined investment management, sophisticated wealth planning, comprehensive family office services, and highly personalized client service.
• Established in 1907, Bessemer Trust remains privately owned and independent, committed to providing peace of mind to its clients.
• The firm's core values include putting clients' interests first, a fiduciary mindset, and a highly collaborative culture.
• Headquartered in New York, Bessemer Trust has 22 offices nationwide.

About the Role

• This is an exciting opportunity to join a collaborative team of dedicated professionals servicing Bessemer's ultra-high net worth clients.
• The Associate Client Advisor role involves developing and maintaining client relationships through proactive communication, actively managing client accounts, and coordinating the delivery of services to individuals, families, trusts, and foundations.

Key Responsibilities

Client Service

• Handle routine communication with clients and their advisors via telephone, email, and fax.
• Document communication in Salesforce.
• Prepare charts and materials for client meeting presentations using Excel, Word, PowerPoint, and internal applications.
• Construct customized spreadsheets for clients.
• Complete financial paperwork from other institutions for clients.
• File correspondence and documents in internal databases.
• Create documentation of client correspondence for tracking.
• Attend and contribute to client meetings and presentations.
• Interface with clients regarding investment strategy or capital markets outlook.

Investment Management

• Propose and implement investment programs as directed by Client Advisors and Senior Client Advisors using Bessemer applications.
• Prepare investment guidelines for client accounts in line with clients' goals and risk tolerance.
• Collaborate with Client Advisors and Senior Client Advisors to proactively monitor asset allocation.
• Build implication models considering spending, taxation, and potential market behavior.
• Proactively monitor and correct fixed income maturities and client overdrafts.
• Initiate orders for rebalancing of accounts.

Account Administration

• Work with the Client Administration Team to open accounts and coordinate asset transfers with outside agents.
• Assist in preparing account opening documentation and profiles, obtaining approvals, and gathering legal and tax cost information.
• Prepare Officers Committee account reports.
• Perform cash management functions using Workflow and Atlas.
• Process client remittances in conjunction with the Client Tax Department.
• Monitor and assist in covering overdrafts.
• Supervise and pay client bill payments.
• Prepare client presentation packages and reporting on client accounts.
• Coordinate trust reviews with Fiduciary Officers.

Continuing Professional Education and Development

• Stay up to date on economic and market trends by attending corporate communications meetings, conducting independent research, and reviewing relevant publications.
• Attend continuing education courses on trust administration.

Compliance Responsibilities

• Comply with all regulatory requirements, including assisting in the preparation of Annual Relationship Reviews and Trust Administrative Reviews.

Requirements & Tech Stack

• Microsoft Office proficiency.
• Salesforce (for documentation).
• Excel, Word, PowerPoint (for presentations).
• Workflow and Atlas (for cash management).

Qualifications

• Bachelor's degree required.
• Analytical & independent problem solving skills.
• Written and verbal communication skills.
• Demonstrated leadership and teamwork qualities.
• Goal-oriented, detailed-oriented, and a motivated self-starter.
• Organizational skills and ability to manage multiple tasks.
• Proven interest in financial markets preferred.
• One or more years of related business experience preferred (specifically within Wealth Management a plus).
• Working knowledge of trust administration and fiduciary laws, policies, Regulation-9, and KYC preferred.
• Basic knowledge of trust administration and fiduciary services.