Client Advisor

Bessemer Trust • New York, NY

13d • $100,000 - $150,000 • Hybrid

About The Position

The Client Advisor develops and maintains relationships with Bessemer Trust’s ultra-high-net-worth clients through proactive communication and coordinated services for individuals, families, trusts, and foundations. The role serves as an internal liaison between Senior Client Advisors and service areas including Tax and Financial Planning, Investments, Legacy Planning and Trust Administration, Alternative Asset Management, Philanthropic Advisory, Real Estate, and Insurance Advisory.

The position supports client service, account administration, investment management, and trust administration. This includes communicating with clients and their advisors, preparing meeting materials and reports, maintaining client records, overseeing account procedures and transactions, assisting with investment activities, and coordinating trust distributions, payments, gifts, and related reporting.

Bessemer Trust is a privately owned family office and wealth manager. The role is described as having a hybrid work environment, with 60% in office and 40% remote for most positions. The base salary range is $100,000–$150,000 per year, and the position may be eligible for incentive compensation and other compensation programs.

Requirements

• Bachelor’s degree in a relevant field.
• Ideally, six or more years of related business experience.
• Excellent writing and presentation skills.
• Demonstrated leadership and teamwork qualities.
• Ability to organize and complete multiple tasks accurately and within deadlines.
• Ideally, proficiency in Microsoft Office Suite, including Excel, Outlook, PowerPoint, and Word, and Salesforce.

Nice To Haves

• Master’s degree preferred.
• Series 7 and Series 63 licenses desired.
• Two years of Cannon Trust School or equivalent desired.
• CTFA, CFP, or CFA designation is a plus.

Responsibilities

• Communicate regularly with clients and their advisors, providing timely and thorough responses.
• Attend client meetings, document issues discussed, and coordinate follow-up.
• Oversee preparation of client meeting materials and create custom reports proactively and as requested.
• Document client information and communications in Salesforce.
• Oversee account opening and closing procedures and review related documents.
• Oversee account transactions and reporting.
• Review client wills, trusts, and governing documents and apply them to account administration; establish automated reminders and follow through.
• Coordinate with Bessemer fiduciary counsel as needed to ensure administration complies with governing documents.
• Prepare Annual Relationship Reviews and ensure accounts comply with regulatory requirements.
• Assist Senior Client Advisors with investment management, including implementing investment objectives, rebalancing accounts, executing trades, monitoring asset allocation and investment performance, and overseeing investment transitions.
• Monitor daily internal reports and work with the account team to resolve issues such as overdrafts.
• Coordinate client requests for funds, including regular disbursements.
• Prepare asset allocation simulation modeling.
• Prepare initial and annual trust reviews and requests for discretionary trust distributions and special investments in trusts.
• Make required distributions from trusts and foundations.
• Coordinate annual unitrust payments and private foundation grant payments with the tax department.
• Process gifts to charity and family, and prepare and send Crummey letters as appropriate.
• Coordinate gift reporting and use of GST exemption on gift tax returns for irrevocable trusts with the tax department or clients’ outside tax preparers.
• Prepare reports to Trust Builder for irrevocable insurance trusts (ILITs), make transfers to ILITs as required, and pay life insurance premiums.
• Perform other duties and responsibilities as assigned.

Benefits

• Eligible employees may participate in a 401(k) program with a generous profit-sharing contribution.
• Medical, prescription, dental, and vision coverage; employee coverage has zero contributions according to the benefits section.
• Life insurance.
• Disability coverage, including short- and long-term disability coverage.
• Paid holidays.
• Vacation and sick time.
• Discretionary annual bonus for select positions.
• Tuition reimbursement support.
• Employee assistance program (EAP) and wellness programs.
• Paid time off and paid parental leave.
• Legal services and financial wellness plans at no cost to employees.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level