Regional Wealth Advisor

Northern Trust • Chicago, IL

34d

About The Position

The Regional Wealth Advisor for the Family Office Solutions team acts as a technical expert in complex individual and family client relationships for ultra-high net worth clients ($100 million and above) who desire a sophisticated, multi-disciplinary wealth plan. The Regional Wealth Advisor in the Central Region is knowledgeable in the full capabilities of Northern Trust and will work in collaboration with local teams/client's professional advisors and other Northern professionals in the delivery of integrated wealth management services, that includes the development of a comprehensive personal and financial wealth profile, ascertaining wealth related goals, and the design of the wealth plan, with an emphasis on wealth plan solutions and modeling.

Requirements

• Expert knowledge of wealth transfer planning, taxation, estate planning solutions, and wealth management products and services usually acquired through extensive work-related experience with ultra-high net worth clients (clients with net worth of $100 million and above) in financial services, law or consulting. Ideally has knowledge of wealth management services, products and solutions.
• Broad based technical and analytical skills in wealth planning, wealth transfer, tax, philanthropy, fiduciary practice, asset location and preservation and related disciplines. Strong interpersonal skills and proactive consultative orientation.
• Minimum of 10+ years or more of wealth planning experience working with high-net-worth individuals and families in a comprehensive capacity.
• Advanced educational and professional designations including CFP, JD, MBA or similar evidence of advanced learning and professional consulting qualification.

Responsibilities

• Development of a comprehensive personal and financial wealth profile on the client and the client's family including identification of wealth related life goals in collaboration with local teams/client's professional advisors and other Northern professionals.
• Design, in collaboration with the client's professional advisors and other Northern Trust partners, a wealth plan integrating wealth management, wealth transfer and tax efficiency goals.
• Work in close collaboration with the local teams, including the Investment, Trust and Banking Advisors, and other Northern Trust professionals in supporting the implementation of the client's wealth plan.
• Provide periodic review and revision of client's wealth plan upon request in event of material changes of client circumstances.
• Active assistance in the sales process and identification of opportunities to expand client relationships through the introduction of new products and services.
• Serve as a mentor to Wealth Advisors and Wealth Advisor Associates.
• Contribute to the development and implementation of Northern Trust wealth planning resources, solutions and products.
• Actively engage in cultivation of professional advisor relationships, including attendance at and participation in professional conferences and professional advisor networks.

Benefits

• Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits.
• Northern Trust also provides a discretionary bonus program that may include an equity component.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: No Education Listed
• Number of Employees: 501-1,000 employees