Management Associate, Wealth Advisory

Glenmede Trust Co•Beachwood, OH

About The Position

Empowering Financial Futures. For more than 65 years, Glenmede’s independent ownership, innovation and unwavering commitment to our clients have made us a trusted partner for private wealth, endowment & foundation, and investment management clients. Our people are invaluable. Through a team-oriented environment, your knowledge, expertise and varied backgrounds contribute to thoughtful innovation. Our culture fosters opportunities for continuous career growth and development in all areas of the organization. Working at Glenmede, you will experience the infrastructure and resources of a large firm combined with the client and employee focus of an independently owned boutique. Private Wealth: Empowering the confident pursuit of purpose, passions and legacy through integrated wealth management. To us, wealth is not static or one-dimensional. The complexities of wealth management require an integrated approach to anticipating, understanding and addressing unique client circumstances. Our team of experts partners with every client to personalize solutions that lead to exceptional outcomes. Our success is determined by the success of our clients. OVERVIEW: The primary function of the Management Associate is to assist and support the designated Relationship Managers, Wealth Advisors and Fiduciary Specialists with advisory-related client service, trust and account administration, compliance requirements, and other functions as required to ensure excellent relationships with clients and business partners and success with firm wide initiatives.

Requirements

Bachelor’s degree preferably in accounting, finance or related field required.
0-2 years of experience in financial services, preferably in a fiduciary environment required.

Nice To Haves

Advanced degree preferred (JD, MBA).
Interest in or progress toward CTFA or CFP designations is preferred.
Knowledge of trust accounting and investment systems strongly preferred.
Superior team orientation.
Advanced knowledge of Microsoft Office.
Self-starter with a great deal of initiative.
Full understanding of client privacy and confidentiality.
Excellent verbal and written communication skills.
Demonstrated competence in the following: organizational and problem-solving skills; ability to work well under pressure; and consistent accuracy and attention to detail.

Responsibilities

Independently handle certain routine to moderately complex client (internal and/or external clients) inquiries as part of the relationship management team.
Respond to client requests in the normal course of business, take needed action to resolve (with guidance from senior team members where appropriate) and keep all relevant parties informed.
Cover situations that arise when other team members are out of the office.
Act as initial point of contact for client and internal communications, manage information flow, prioritize needs, assist with and draft communications, as required.
Assist relationship management team in maintaining client information and communications in the client relationship management (CRM) system in accordance with firm best practices.
Prepare presentation material for meetings and coordinate with investment, tax or other departments to ensure deadlines are met.
Develop a strong foundational understanding of wealth management topics including; financial, estate and income tax planning.
Plan and coordinate all aspects of client meetings.
Develop a strong knowledge of all aspects of Wealth Advisory functions, policies, procedures and best practices, including financial planning and its supporting systems (Global Plus, Salesforce, Wealth View).
Develop strong foundational knowledge of administrative, legal, compliance and tax principles regarding trust administration as well as fundamentals of financial planning.
Become a subject matter expert on all aspects of basic administrative duties including daily transaction processing for cash and securities transfers, check requests, gifts, deposits, routine and semi-complex client requests, account opening, overdraft resolution and any other functions essential to the basic management of client accounts and demonstrate the ability to perform all of these duties without oversight.
Coordinate with Securities Operations and other business partners until transactions or matters are resolved to full completion.
Review and prepare discretionary requests for approval (with the supervision of Relationship Manager/Wealth Advisor).
Review relevant documents and prepare trust summaries, understand and implement power to adjust, trust terminations, distributions, receipt and releases, special asset policies and procedures, attainment of age and other trust administration requirements.
As necessary, transition relationships to new relationship management teams to support internal succession planning.
Participate in special projects and firm-wide initiatives to foster understanding of multidisciplinary wealth management practice areas, ef;fective working relationships with colleagues and peers and to develop presentation skills.
Attend Glenmede sponsored events as requested.
Assist and train others, as needed, and perform other duties and responsibilities as assigned.