AWM, GS Ayco, Financial Advisor, Vice President- Pittsburgh

Goldman Sachs•Pittsburgh, PA

21h•Onsite

About The Position

At Goldman Sachs Wealth Management, we are dedicated to empowering clients and customers globally to achieve their most ambitious financial aspirations. Our advisor-led businesses deliver sophisticated financial planning, bespoke investment management, comprehensive banking solutions, and strategic advice to a diverse clientele, including ultra-high-net-worth and high-net-worth individuals, family offices, foundations, endowments, and corporations. Complementing this, our innovative consumer business provides cutting-edge digital solutions that enable customers to optimize their spending, borrowing, investing, and saving. Our sustained growth is fueled by an unwavering commitment to our people, our clients, and the relentless pursuit of leading-edge technology, data-driven insights, and exceptional design. Goldman Sachs Ayco (Ayco): Goldman Sachs Ayco stands as a premier partner for Fortune 1000 companies, collaborating to design and implement tailored financial planning programs that elevate the financial well-being of their entire workforce. Leveraging Ayco's distinguished 50-year legacy and the expansive resources of Goldman Sachs, we address the evolving financial needs of employees. We firmly believe that companies best serve their stakeholders and the broader economy when their employees possess clarity, understanding, and control over their financial lives. Ayco's expert advisors and technical specialists guide clients through education and practical implementation across seven critical financial disciplines, including comprehensive employee benefit planning, to help them achieve their personal financial goals. YOUR IMPACT We are seeking a seasoned and highly motivated Senior Financial Planner/Advisor to join our team, serving ultra-high net worth individuals, families, and family office clients. This role demands a unique blend of investment expertise, advanced tax knowledge, estate planning acumen, insurance proficiency, and exceptional interpersonal skills. The ideal candidate will act as a trusted advisor and strategic partner to C-suite executives and multi-generational families, delivering comprehensive wealth management solutions while driving business growth.

Requirements

Investment expertise
Advanced tax knowledge
Estate planning acumen
Insurance proficiency
Exceptional interpersonal skills
Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint, Outlook)
Hands-on experience with eMoney Advisor financial planning software
Familiarity with performance reporting platforms
Advanced financial modeling capabilities (cash flow projections, Monte Carlo simulations, scenario analysis)
Elevated written and verbal communication skills
Commercial mindset
Exceptional attention to detail
Ability to operate in a fast-paced environment
Collaborative leadership

Nice To Haves

Ability to coordinate with Internal Medicare team on client calls as liaison, understand and have the ability to speak to IRMAA surcharge based on modified adjusted gross income

Responsibilities

Provide holistic financial planning and wealth advisory services, including investment management, tax planning, estate planning, risk management, and cash flow analysis
Counsel C-suite executives and high net worth families with a consultative, solutions-oriented approach
Proactively identify opportunities to deepen client relationships and grow revenue through new business development and referral generation
Perform comprehensive analysis of company-offered employee benefits for C-suite clients, including: 401(k) and Qualified Retirement Plans, Non-Qualified Deferred Compensation (NQDC) Plans, Equity Compensation and Equity-Aware Strategies, Health and Insurance Coverages
Analyze retirement and separation packages, including: Severance terms, accelerated vesting provisions, and COBRA continuation coverage, Pension and supplemental executive retirement plan (SERP) distribution options and rollover strategies
Counsel clients on transitioning benefits into retirement, including: Medicare, Social Security, Retiree health and insurance planning
Assess client risk tolerance through comprehensive profiling, utilizing quantitative questionnaires, qualitative discovery conversations, and behavioral finance insights to establish an accurate risk capacity and willingness framework for each client or family
Design and build custom asset allocation models tailored to individual client objectives, including: Growth-oriented allocations, Income-focused allocations, Liability-driven and goals-based allocation frameworks
Construct, monitor, and rebalance diversified portfolios spanning all major asset classes, including: Fixed income and equities, Private markets (private equity, private credit, real assets)
Make investment recommendations that are tax-efficient, including: Tax-loss harvesting, Asset location optimization, Municipal bond strategies, Gain deferral and timing strategies, Tax-efficient fund and vehicle selection, Qualified Opportunity Zone (QOZ) investments, Charitable giving integration
Evaluate and recommend alternative investment opportunities, co-investments, and direct deals appropriate for family office clients
Regularly review and recalibrate asset allocation models in response to changes in client circumstances, market conditions, risk tolerance shifts, and evolving financial goals
Deliver performance reporting and investment commentary to clients on a regular basis, benchmarking results against policy targets and relevant indices
Prepare and SIGN complex individual tax returns (Form 1040), including: Multi-state income sourcing, Rental property reporting, Private market and private partnership K-1 reconciliation, Self-employment income reporting
Have understanding of Gift Tax Returns (Form 709), Trust Tax Returns (Form 1041), and Partnership Returns (Form 1065 and Form 1120S)
Collaborate with external CPAs, tax attorneys, and estate planning counsel as needed
Ability to Prepare Tax Projections and advise and coordinate estimated payments on behalf of clients
Analyze and interpret client balance sheets to identify estate optimization opportunities for efficient wealth transfer and tax minimization
Demonstrate deep acumen in wealth transfer concepts, including: Trust structures, Insurance-based wealth transfer strategies, Structuring trusts and dispositive terms
Serve as the client's strategic quarterback by understanding their goals and coordinating execution with estate planning attorneys through referral relationships
Help clients identify and define key parties and terms for core estate documents, including: Last Will and Testament, Powers of Attorney (POAs), Trust Agreements
Maintain thorough understanding of gifting rules and gift tax requirements, including: Annual exclusion amounts and lifetime exemption utilization, Gift-splitting strategies for married couples, Reporting requirements under Form 709, Strategic use of 529 plans, Crummey notices, and direct payments for tuition/medical expenses
Monitor evolving federal and state estate/gift tax legislation and proactively advise clients on planning adjustments
Assess clients' risk exposures and recommend appropriate insurance solutions, including: Life Insurance, Long-Term Care Insurance, Annuities, Property & Casualty Insurance
Coordinate with insurance carriers and specialists to implement and monitor coverage
Integrate insurance strategies with estate planning objectives
Build and maintain sophisticated financial models, including: Multi-year cash flow projections, Retirement readiness analysis using Monte Carlo simulations, Scenario and sensitivity analyses for major liquidity events
Utilize eMoney and other planning platforms to deliver comprehensive financial plans