Asset & Wealth Management- New York- Associate, Non-Self-Sustaining Advisor- 9707158

Goldman Sachs•New York, NY

12d•$119,000 - $160,000•Onsite

About The Position

The Associate, Non-Self-Sustaining Advisor will be responsible for creating comprehensive wealth management plans, asset allocation, and location strategies for ultra-high net worth individuals and families, as well as select institutions like foundations and endowments. This role involves developing and implementing business development strategies to increase the firm's assets under management and foster relationships with ultra-high net worth individuals. The position requires delivering an unparalleled investment platform, including the firm's full product and service offerings, which may extend to tax and estate planning, philanthropic planning, and private banking and lending services. The Associate will formulate and articulate investment views for client portfolios, address market-related questions, and present the Firm's investment thesis across all global asset classes. Additionally, the role involves working directly with clients to provide customized strategies and utilizing data analysis and coding skills to extract business intelligence from publicly available databases concerning the ultra-high net worth sector.

Requirements

Master’s degree (U.S. or foreign equivalent) or Bachelor’s degree (U.S. or foreign equivalent) in Finance, Economics, Business Administration, or a related field
One (1) year of experience (with a Master’s) or three (3) years of experience (with a Bachelor’s) in the job offered or in a related role.
Previous employment must include one (1) year of experience (with a Master’s) or three (3) years of experience (with a Bachelor’s) with: investments, asset allocation, portfolio construction, and implementation; portfolio performance reviews and client reporting; account opening and onboarding processes; networking with ultra-high-net-worth individuals and institutional investors, scheduling meetings with potential investors, and building relationships in the process; estate, tax, and philanthropic financial planning; and financial and cash management.
Domestic travel about 25% of time to meet with current and prospective clients where they reside or where firm-sponsored events take place.

Responsibilities

Create comprehensive wealth management plans, asset allocation, and location strategies for ultra-high net worth individuals and families, as well as select institutions, including foundations and endowments.
Create and apply business development strategies, including the sourcing and development of a strong network of intermediaries and referral sources to increase the firm’s assets under management and further relationships with ultra-high net worth individuals.
Deliver an unparalleled investment platform inclusive of the full product and service offerings of the firm's US-based trading authorization and beyond, which may include tax and estate planning, philanthropic planning and private banking and lending services.
Formulate and express investment views for clients' portfolios, fielding questions on what is happening in the markets, and outlining the Firm's investment thesis for the future, which encompasses all global asset classes, including public equities, fixed income, option derivative securities, foreign currencies, hedge funds, real estate, private equity and bank lending.
Work one-on-one with clients to advise and deliver customized strategies.
Use data analysis and coding skills to extract business intelligence from publicly available databases with relevant information about the ultra-high net worth sector in the country.