Client Advisor

About the role

Join a collaborative team of dedicated professionals servicing Bessemer's ultra-high-net-worth clients. The Client Advisor develops and maintains client relationships through proactive communication and coordinated delivery of services to individuals, families, trusts, and foundations. Internally, the role acts as a liaison between Senior Client Advisors and all other service areas of the organization, including Tax and Financial Planning, Investments, Legacy Planning and Trust Administration, Alternative Asset Management, Philanthropic Advisory, Real Estate, and Insurance Advisory.

Responsibilities

• Client Service
  • Communicate with clients and their advisors regularly.
  • Provide timely and thorough responses.
  • Attend client meetings, document issues discussed, and coordinate follow-up.
  • Oversee preparation of client meeting materials.
  • Create custom reports proactively and as requested.
  • Document client information and communications in Salesforce.
• Account Administration
  • Oversee account opening and closing procedures and review related documents.
  • Oversee account transactions and reporting.
  • Review and be comfortable with client wills, trusts, and governing documents and their application to client account administration.
  • Establish necessary automated reminders and follow through.
  • Coordinate with Bessemer fiduciary counsel as needed to ensure administration is in accordance with governing documents.
  • Prepare Annual Relationship Reviews and assure that all accounts comply with all regulatory requirements.
• Investment Management
  • Assist the Senior Client Advisor in investment management activities, including implementing investment objectives, rebalancing accounts, executing trades, monitoring asset allocation and investment performance, and overseeing investment transition.
  • Monitor daily internal reports and work with the account team to resolve any issues, such as overdrafts.
  • Coordinate client requests for funds, including regular disbursements.
  • Prepare asset allocation simulation modeling.
• Trust Administration
  • Prepare initial and annual trust reviews and requests for all discretionary distributions from trusts and for all special investments in trust.
  • Make required distributions from trusts and foundations.
  • Coordinate annual unitrust payments and private foundation grant payments with the tax department.
  • Process gifts to charity and family.
  • Prepare and send Crummey letters as appropriate.
  • Coordinate with the tax department (or clients' outside tax preparers) on reporting gifts to, and use of GST exemption on gift tax returns for, irrevocable trusts.
  • Prepare reports to Trust Builder for irrevocable insurance trusts (ILITs), make transfers to ILITs as required, and pay life insurance premiums.
• Other duties and responsibilities as assigned.

Qualifications

• Bachelor's degree in a relevant field and ideally 5+ years of related business experience.
• Excellent writing and presentation skills.
• Demonstrated leadership and teamwork qualities.
• Ability to organize, complete multiple tasks within deadlines, and ensure accuracy.
• Series 7 license desired.
• Trust experience, CTFA, CFP, or CFA is a plus.
• Proficient in Microsoft Office Suite (Excel, Outlook, PowerPoint, Word) and Salesforce.

Pay

The base salary range for this position is $100,000 - $150,000 per year. This range reflects the minimum and maximum base salary we reasonably expect to pay for this role. In addition, this position may be eligible to participate in the relevant business unit’s incentive compensation plan and other compensation programs as applicable.

Benefits

• Eligible employees may participate in a 401(k) program with a generous profit-sharing contribution.
• Medical, prescription, dental, and vision coverage.
• Life insurance.
• Disability coverage.
• Paid holidays, vacation, and sick time, subject to plan terms and Company policies.
• Competitive base salary plus discretionary annual bonus for select positions.
• Personalized development and career opportunities, including tuition reimbursement support.
• Employee assistance program (EAP) and wellness programs.
• Hybrid work environment: 60% in office, 40% remote for most positions.
• Paid parental leave.
• Legal services and financial wellness plans at no cost to employees.

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—disciplined investment management, sophisticated wealth planning, comprehensive family office services, and highly personalized client service. Established in 1907 as the family office for Annie and Henry Phipps, Bessemer Trust is in its seventh generation of ownership by the Phipps family. Headquartered in New York’s Rockefeller Center, Bessemer Trust has 22 offices, including a significant presence in Woodbridge, NJ, and additional locations in Atlanta, Boston, Chicago, Dallas, Delaware, Denver, Garden City, Grand Cayman, Greenwich, Houston, Los Angeles, Miami, Naples, Nevada, Palm Beach, San Diego, San Francisco, Seattle, Stuart, and Washington, D.C.