ASSOCIATE, WEALTH ADVISOR

Cresset Capital•Minnetonka, MN

29d•$75,000 - $90,000

About The Position

Cresset is seeking an Associate, Wealth Advisor (AWA) to join Cresset's wealth management team. The AWA provides comprehensive support to our high-net-worth clients by working closely with experienced Wealth Advisors. A successful candidate will be entrepreneurial, able to operate both independently and collaboratively, and must be comfortable supporting relationships and projects with limited direction. This role is ideal for those who wish to develop client advisory skills under the guidance and mentorship of an experienced Wealth Advisory team.

Requirements

Bachelor's Degree required; strong preference given to MBA, CFA, or CFP professionals or those on track to earn any of these designations
Previous work / internship experience in financial services required; 2+ years' experience preferred
Series 65 license required; unlicensed candidates required to obtain the license within 120 calendar days of employment
Highest ethical standards with willingness to learn and comply with SEC and other company required rules and regulations
Initiative, problem solving ability, adaptability, and flexibility
Effective speaking and presentation ability
Excellent writing proficiency and communication skills
Strong numerical aptitude
Outstanding organizational skills and the ability to prioritize and balance multiple projects simultaneously
Ability to work independently over time with limited guidance
Coachable with the ability to work in a team environment and independently when necessary
Learning and development mindset and drive for continuous improvement
Personal commitment to continuing education for professional development and growth
Proficient with Microsoft Office suite; knowledge of eMoney, Salesforce, Addepar, and custodial platforms is a plus
Represent Cresset's Core Values
Displays Cresset's Core Behaviors

Responsibilities

Proactively support the Wealth Advisor (WA) by providing excellent client service and maintaining a high level of client satisfaction
Build a strong wealth management acumen with an understanding of Cresset's investment philosophy and ongoing general market outlook, portfolio construction and management, goals-based financial planning, risk management, alongside estate, tax and philanthropic planning considerations
Prepare client meeting materials; may attend client and / or prospect meetings
Manage completion of deliverables from start to finish with the Client Associate and/or various internal and external parties as needed
Assist experienced Advisors in the production and maintenance of net worth statements, financial plans, cash flow projections, and wealth forecasting models
Where appropriate, attend prospect and client meetings to gather information to create financial plans
Review and understand estate documents (entity structures, estate plan, wills, beneficiaries, trustees) and tax returns; collaborate with other internal teams (Wealth Planning, Wealth Strategy, Tax) and external providers as needed
Learn and understand current wealth planning trends, legislative developments, and techniques; partner with the Wealth Advisor to enhance client planning
Review client portfolios and assist experienced Advisors with the development, presentation, and implementation of investment recommendations to clients, including portfolio construction, proposals, rebalancing, phase-in planning, and quarterly performance reviews
Collaborate with the National Investments Team to apply the firm's best thinking to client portfolios while considering client-specific needs regarding cash flow, taxation, liquidity, risk, and other considerations
Assist with the implementation of client portfolio trades, including execution, margin maintenance, and settlement
Develop and maintain investment policy statements (IPS)
Coordinate with the Client Associate to ensure tasks and requests are handled, including new client onboarding, account maintenance, new investments, redemptions, transfers, and money movement requests
Document client notes, investment changes, and activities in Salesforce
Review clients' quarterly performance reports and collaborate with Reporting to identify and resolve issues

Benefits

Cresset offers a competitive compensation package including an annual incentive and a benefits package to all full-time employees including medical, dental, vision, life insurance, 401(k) retirement plan, health savings accounts, short and long-term disability insurance, voluntary critical and accident insurance, and pre-tax parking and transportation programs.
Aligning employee and organizational interests, all employees receive equity in Cresset.

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