Wealth Advisor

About the role

Northern Trust is a global leader in wealth management, asset servicing, asset management, and banking services. Founded in 1889, the company adheres to three guiding principles: Service, Expertise, and Integrity. These principles guide the behavior of its partners, who are called employees, and are intended to benefit clients and the communities they serve worldwide.

Responsibilities

• Develop a comprehensive personal and financial wealth profile on the client and the client's family, including identifying wealth-related life goals in collaboration with a Lead Relationship Manager, if any.
• Design and implement a wealth plan integrating wealth management, wealth transfer, and tax efficiency goals, collaborating with the client's professional advisors and Northern partners.
• Work closely with the Portfolio Manager, Regional Wealth Advisor, Trust Advisor, Banker, and other Northern Trust professionals to implement the client's wealth plan.
• Monitor and periodically update the client's wealth plan.
• Provide active assistance in the sales process and identify opportunities to expand client relationships through the introduction of new Northern Trust products and services.
• Serve as a mentor to Associate Wealth Advisors and Wealth Advisors.
• Engage actively in cultivating professional advisor relationships, including attending and participating in professional conferences and advisor networks.
• Operate independently, demonstrating in-depth knowledge of the business unit/function.
• As a subject matter expert, provide comprehensive, in-depth consulting and leadership to the team and partners at a high technical level.
• Carry out large-scale, cross-functional, and technically challenging activities.
• Balance high-level operational execution with the development and execution of strategic business function activities.
• Conduct preliminary analysis.
• Responsible for direct interaction with various committees and/or management.
• Strategically develop, implement, and administer programs within functional areas.

Requirements

Strong knowledge of wealth transfer planning, taxation, estate planning solutions, wealth management products and services, usually acquired through extensive work-related experience with high/ultra-high net worth clients in financial services, law, or consulting. Broad-based technical and analytical skills in wealth planning, wealth transfer, tax, philanthropy, fiduciary practice, asset location, and preservation, and related disciplines. Strong interpersonal skills and a proactive consultative orientation.

Qualifications

• 5-7 years of wealth planning experience working with high/ultra-high net worth individuals and families in a comprehensive capacity.
• Advanced educational and professional designations including CFP, JD, MBA, and similar evidence of advanced learning and professional consulting qualifications are preferred.

Skills

Knowledge of wealth transfer planning, taxation, estate planning solutions, wealth management products and services, and related disciplines. Strong interpersonal and consultative skills. Ability to work independently and lead complex projects.

Benefits

Comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts, and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Discretionary bonus program with an equity component.