Blackstone Private Wealth - Client Services, Associate

About the Role

Blackstone Private Wealth was established to answer the growing demand for Blackstone products from high-net worth investors. Partnering with many of the world’s largest private banks and wealth management firms as well as family offices, Blackstone’s Private Wealth team packages and delivers the full breadth of Blackstone’s alternative product capability to these firms and their clients as well as providing ongoing education, training, and support around alternatives.

Responsibilities

• Field operational inquiries from financial advisors & internal sales teams on Blackstone investment offerings.
• Liaise with Blackstone business units, transfer agents, and other third-party service providers relating to client inquiries, problem resolutions, and reconciliations.
• Project management across various groups within Blackstone Private Wealth to enhance collaboration and efficiencies.
• Identify and document operational procedures for ongoing fund maintenance on various platforms.
• Develop strong understanding of distribution partners’ operational platforms and processes and become resident Blackstone expert for advisors.
• Assist financial advisors with problem resolution of account opening, maintenance items, and other inquiries related to client onboarding, servicing, and client retention (deadlines, platform questions, redemptions, capital calls, distributions).
• Assist in ad hoc projects / research to support Blackstone Private Wealth business initiatives.

Qualifications

• Bachelor’s Degree
• 5+ years of financial industry experience
• Series 7 and Series 63, preferred
• Strong Excel skills
• Strong verbal and written communication skills
• Strong attention to detail and accuracy
• Strong problem analysis and resolution skills
• Effectively identifies and summarizes issues and proposes recommendations
• Works efficiently in a deadline driven environment
• Highly driven and proactive; takes initiative
• Effectively manages multiple projects simultaneously
• Works well independently in a team‐oriented environment
• Adaptable and collaborative
• Strong understanding of the high net worth and financial advisor operating model
• Knowledge of alternative investment funds and operational terms is helpful
• Develops strong working relationships with colleagues, teams, and clients

Pay

Expected annual base salary range: $130,000 - $175,000. Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location.

Benefits

Comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion.