Client Advisor

This role is an exciting opportunity to join a collaborative team of dedicated professionals servicing Bessemer's ultra-high-net-worth clients.

About the Role

The Client Advisor develops and maintains client relationships through proactive communication and coordinated delivery of services to individuals, families, trusts, and foundations. Internally, the Client Advisor 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 understand 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 aligns with governing documents.
  • Prepare Annual Relationship Reviews and ensure all accounts comply with 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 transitions.
  • Monitor daily internal reports and work with the account team to resolve 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 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.

Requirements

• Bachelor’s degree in a relevant field; Master’s preferred.
• Ideally six or more 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 and Series 63 license desired, with two years of Cannon Trust School or equivalent.
• 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.
• Paid parental leave.
• Employee assistance program (EAP) and wellness programs.
• Hybrid work environment: 60% in office, 40% remote for most positions.
• Tuition reimbursement support.
• 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, including 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 remains privately owned and independent, now in its seventh generation of ownership by the Phipps family. Headquartered in New York’s Rockefeller Center, Bessemer Trust has 22 offices across the U.S. and internationally, including a significant presence in Woodbridge, NJ.