We are looking for a bright, self-motivated and experienced Wealth Advisor to join our growing multi-family wealth management firm. You will work closely with ultra-high net worth wealth management clients to gain a strong understanding of their purpose for their wealth, and overall long-term planning goals. By constantly monitoring your clients’ financial and family situations and staying informed of market trends, you will make recommendations and be a source of reliable advice. You will also be the primary point of contact to answer questions and manage projects relating to a range of services including estate and trust planning, tax analysis and planning, cash flow management and forecasting, philanthropic activities, closely held business planning, and insurance and asset protection working in conjunction with the full client team. Finally, you will pursue new business opportunities through relationships with clients and external contacts and actively participate in the Business Development process.
At Lake Street, we place a high degree of value in nurturing a work environment that attracts the best talent and reflects our commitment to being an employer of choice. For more information about Lake Street Advisors, visit www.lakestreetadvisors.com.
Responsibilities
The essential duties of the Wealth Advisor include, and are not limited to:
- Plan and execute various wealth management tasks and strategies on behalf of the client including but not limited to estate, charitable, cash/liquidity, insurance, household employees, real estate and investment planning – all delivered with a top-tier, white-glove service mindset.
- Stay abreast of current developments within the wealth management industry, especially as they relate to ultra-high net worth client families.
- Partner with Lake Street’s Investment Advisory team to ensure quality control and timing standards are met. (Note: the Wealth Advisor is not directly responsible for constructing and monitoring investment portfolios, conducting research, trading, rebalancing, or other strictly investment-related activities.)
- Direct client relationships with knowledge of the client’s financial and family situation and goals.
- Monitor their situation and provide ongoing recommendations.
- Serve as contact to answer questions and connect with other Lake Street experts.
- Coordinate and lead client meetings, including creating client-specific meeting agendas, conducting the necessary team preparation and follow-up meetings.
- Keep members of the client team informed of new developments and issues with clients.
- Manage third-party relationships and/or serve as liaison on the clients’ behalf.
- Support junior wealth management staff with technical knowledge; aid in their growth and development.
- Pursue new business opportunities through relationships with clients and external contacts.
- Develop and maintain a strong Center of Influence (COI) network that can serve as referral network for potential prospects and new clients, and meet with them regularly.
- Actively participate in the Business Development process.
Desired Skills And Experience
- Minimum 5 years’ experience in wealth relationship management; experience with family office services and/or ultra-high net worth client families a plus.
- Excellent written and verbal business communication skills.
- Leadership skills – using your emotional intelligence skills to motivate and win the confidence of others, while helping drive efficiencies and utilizing the strengths of the client team and other available resources, both internal and external.
- Project management skills – ability to manage multiple projects while maintaining effective time management and organizational skills to prioritize accordingly and help spot and solve inefficiencies.
- Strong analytical and decision-making skills – ability to balance both sides of an argument, distill problems to key criteria, provide qualitative and quantitative data as appropriate, and instill quality decision-making processes.
- CFP®, CPA, CFA designations, and/or MBA in addition to a bachelor’s degree in business/finance or a related field are strongly preferred.
- Series 65 is a requirement of the job and is financially supported, as needed, by the firm.
- Proficiency in MS Office with a demonstrated aptitude for mathematics and Excel spreadsheets is necessary; experience with Salesforce and Addepar a plus.
- Some travel (approximately 20%) for client and Business Development meetings, as necessary
Company Description
Lake Street Advisors has been serving high-wealth entrepreneurs and executives since 2003. With a focus on exceptional service and bottom line results, Lake Street’s team of experienced advisors integrate holistic financial advice with investment management to offer personalized wealth management services that align with their clients’ goals at every stage of life. Lake Street Advisors has locations in Boston, MA and Portsmouth, NH, and serves clients throughout New England and across the country.
We offer a professional, entrepreneurial and dynamic work environment with competitive employee salaries. Our comprehensive benefit package currently includes 401(k) with employer matching, health and dental insurance with employer contributions, health savings and flexible spending accounts, employer-paid life insurance and short/long term disability, a professional development program, and employer-paid time off.
Lake Street Advisors is an equal opportunity employer.
