Asset & Wealth Management, Private Wealth Management, Goldman Sachs Family Office, Wealth Advisory Services, Analyst/Associate - Philadelphia

Goldman Sachs•Philadelphia, PA

About The Position

YOUR IMPACT Goldman Sachs Family Office (GSFO) is in search of a Wealth Advisory Services (WAS) Analyst to develop innovative wealth planning strategies and provide family office services to assist clients in meeting their income tax, estate tax, philanthropic and financial planning goals. We are looking for a hard-working and client-friendly individual with background in tax, trust and /or estate advisory. OUR IMPACT Wealth Management Across Wealth Management, Goldman Sachs helps empower clients and customers around the world to reach their financial goals. Our advisor-led wealth management businesses provide financial planning, investment management, banking and comprehensive advice to a wide range of clients, including ultra-high net worth and high net worth individuals, as well as family offices, foundations and endowments, and corporations and their employees. Our consumer business provides digital solutions for customers to better spend, borrow, invest, and save. Across Wealth Management, our growth is driven by a relentless focus on our people, our clients and customers, and leading-edge technology, data and design. Private Wealth Management (PWM) Goldman Sachs Private Wealth Management (PWM) specializes in creating comprehensive wealth management plans for high net worth individuals and families, as well as select institutions, including foundations and endowments. PWM Teams work one-on-one with clients to advise and deliver customized strategies drawn from our deep investment experience, diverse wealth management capabilities and global reach. Our Private Wealth Advisors (PWAs) deliver an unparalleled investment platform inclusive of the full product and service offerings of Goldman Sachs and beyond, which may include tax and estate planning, philanthropic planning and private banking and lending services. As client needs evolve, this close relationship allows the team to offer complementary services and new opportunities by leveraging the resources of Goldman Sachs and beyond. Goldman Sachs Family Office (GSFO) works in coordination with Private Wealth Advisors to develop strong ties with clients to deliver a full suite of wealth planning and family office services. How You Will Fulfill Your Potential Support a team of senior wealth strategists in assisting high net worth clients from an income, trust and estate and tax planning perspective Prepare materials on all aspects of the transmission of wealth, including tax-efficient estate planning structures, sophisticated lifetime gifting strategies, the transfer of closely held businesses, charitable giving and the administration and restructuring of trusts Actively prepare for and participate in client meetings and follow up Develop and update wealth transfer models to demonstrate the benefits of various income, estate and gift planning opportunities Summarize estate plans and entity structures; including preparation of financial exhibits Serve as a primary liaison for trust reviews, interpretation of key trust provisions and fiduciary law Assist in developing and tracking action plans to achieve financial goals (wealth transfer, income tax, charitable, capital sufficiency, etc...) Interface with Trustees, Attorneys, Accountants, and other advisors and professional bodies in respect to private clients’ wealth planning Develop philanthropic goals and implement related structures (e.g., DAF, private foundations) Author topical publications related to wealth strategy and legislative changes Lead or participate in the efforts to embed innovation across Wealth Advisory Services and drive growth Act as liaison with The Goldman Sachs Trust Company WHERE WILL YOU MAKE AN IMPACT Our Private Wealth Management business spans the globe, with the following locations in the United States: Atlanta, Boston, Chicago, Dallas, Houston, Los Angeles, New York, Miami (Florida and Latin America coverage), Philadelphia, San Francisco, Seattle, Washington, D.C. and West Palm Beach.

Requirements

Bachelor’s Degree Required
Experience with multi-generational wealth and estate planning strategies
Technical expertise in US tax legislation and tax implications of investment portfolios, estate planning entities, philanthropic entities, and other business activities
Experience in interfacing with Trustees, Attorneys, Accountants, and other advisors and professional bodies in respect to private client’s wealth planning
Deep interest in the financial markets and good investment sense/commercial instinct
Excellent interpersonal skills and a desire to work in a team oriented environment
Resourceful, self-starter, attentive to detail and capable of multi-tasking in a fast-paced environment
Strong aptitude for modern applications and a demonstrated willingness to adopt and responsibly use emerging technologies, including AI-enabled tools, to support analysis, workflow efficiency, and innovation.
Experience of presenting to internal and external audiences
Ability to work in a fast-paced environment and think clearly under pressure
A minimum of two years of experience as an accountant, attorney or wealth professional
SIE, Series 7 and 63 required

Nice To Haves

Experience with state and local tax matters is preferable

Responsibilities

Support a team of senior wealth strategists in assisting high net worth clients from an income, trust and estate and tax planning perspective
Prepare materials on all aspects of the transmission of wealth, including tax-efficient estate planning structures, sophisticated lifetime gifting strategies, the transfer of closely held businesses, charitable giving and the administration and restructuring of trusts
Actively prepare for and participate in client meetings and follow up
Develop and update wealth transfer models to demonstrate the benefits of various income, estate and gift planning opportunities
Summarize estate plans and entity structures; including preparation of financial exhibits
Serve as a primary liaison for trust reviews, interpretation of key trust provisions and fiduciary law
Assist in developing and tracking action plans to achieve financial goals (wealth transfer, income tax, charitable, capital sufficiency, etc...)
Interface with Trustees, Attorneys, Accountants, and other advisors and professional bodies in respect to private clients’ wealth planning
Develop philanthropic goals and implement related structures (e.g., DAF, private foundations)
Author topical publications related to wealth strategy and legislative changes
Lead or participate in the efforts to embed innovation across Wealth Advisory Services and drive growth
Act as liaison with The Goldman Sachs Trust Company