Family Wealth Associate

Job Description

Job Description

Pitcairn’s innovative Shared Single-Family Office™ model provides unparalleled service to wealthy families and other family offices. Since the firm’s founding in 1923, Pitcairn has helped ultra-high-net-worth families and its members navigate the individual, interpersonal, and institutional challenges that come with wealth. We understand multigenerational family wealth in a way that few other wealth advisory firms do. Our comprehensive family office services include investment advisory, tax, trust and estate planning, risk management, philanthropy, household-level financial services, as well as family education and family governance support.

PRIMARY FUNCTION :  Participate as a member of a client segment group to support Relationship Managers in all aspects of the financial planning process for ultra-high-net-worth client families and single-family office clients. Lead the client service experience for a subset of client team relationships. 

RESPONSIBILITIES :

• Assist Relationship Managers with comprehensive financial planning and lead the client service experience for a subset of the client team relationships, including but not limited to:

• Financial – Prepare cash flow reports, balance sheets, and net worth statements; analyze the impact of various financial market return assumptions and spending rates on wealth projections.
• Investments – Implement and monitor client’s asset allocation; perform trading and rebalancing analysis; initiate transactions for mutual funds, ETFs, and separately managed accounts, tax-loss harvesting and portfolio monitoring to meet cash needs. 
• Tax – Coordinate the collection of income tax information, calculation and payment of taxes, and client requests for tax projections.
• Insurance – Examination of insurance needs (life, property & casualty, long-term care, excess liability, etc.) and coordination of implementation with the Family Office Insurance Administrator.

• Create reports and other client deliverables.  Collaborate with Relationship Managers to generate custom content to meet the needs of complex client families. 
• Review client fee calculations for accuracy and obtain the necessary approvals for asset-specific fee exceptions. 
• Ensure annual compliance review requirements are met for all accounts.
• Perform other duties as assigned for the efficient operation of the department. 

EDUCATION/EXPERIENCE :

Bachelor’s Degree in Accounting, Finance, Economics, or another Social Sciences field with a minimum of 5 years of experience in a client-focused professional services organization. Excellent computer skills (Microsoft Word, Outlook, Excel, PowerPoint) and familiarity with financial analysis applications.

CERTIFICATIONS:

Candidate attained or is expected to attain the CERTIFIED FINANCIAL PLANNER™ (CFP®) designation.

Series 65/66 required within the first 90 days of employment.