Wealth Administrator

About the position The Wealth Administrator is part of an interdisciplinary private client wealth management team responsible for delivering a goals-based wealth management experience through proactive, effective administration, and overall excellence in client experience. This position will provide day-to-day client and account management for designated relationships. The scope of responsibilities includes relationship management, account and wealth administration, transaction management and other functions as required to ensure excellent relationships with clients and business partners, and success with firm-wide initiatives.

Responsibilities

• Provide daily and ongoing administration of designated accounts ensuring that fiduciary standards and policies are observed at all times.
• This includes formal administrative reviews, transaction management and/or execution, overdraft and tax lot management and management of client/account documentation.
• Oversee and coordinate with internal partners to ensure timely opening and closing of accounts.
• Manage designated accounts and work closely with the broader relationship team to ensure seamless service delivery.
• Support senior officers in managing relationships by providing wealth administration and integrated, appropriate and thoughtfully innovative wealth management advice.
• Coordinate with Relationship Manager in preparation for client meetings, including pre-call, review of meeting materials and execution of post-meeting follow up.
• Serve as point of contact for all transactional matters and be responsible for overall client satisfaction and retention through timely delivery of services and regular and effective communication with clients and intermediaries.
• Exhibit strong knowledge of relevant aspects of wealth advisory for all account types and provide client-appropriate advice, with guidance from senior officers where appropriate.
• Prepare and maintain client deliverables in collaboration with Wealth Planning, Portfolio Management, Tax and other team members, including administrative synopsis information.
• Analyze and interpret relevant legal documents including wills, trusts, agreements, and entity documents.
• Drive firm growth by participating in strategic initiatives, leveraging professional networks to generate referrals, expand existing relationships, and cultivate new business opportunities.
• Active engagement in department-specific and firm-wide initiatives to deepen understanding of multidisciplinary wealth management practice areas.
• Establish effective working relationships with colleagues and peers across the firm.
• As part of an integrated wealth management team, hold a basic understanding of asset classes, allocation, risk and Prudent Investor standards, as well as Glenmede's investment philosophy and process, with the ability to effectively communicate relevant basic principles to clients.
• Perform other duties as required by the position.

Requirements

• Bachelor's degree.
• 4-6 years of experience in financial services, preferably in a fiduciary operating environment or in wealth management, law or accounting firm.

Nice-to-haves

• Professional designations such as CPA, CTFA or CFP are preferred.
• Team player with demonstrated client service orientation who can organize work, prioritize appropriately, manage multiple workstreams and appreciates working in a dynamic environment.
• Curiosity and a willingness to learn, and persistence when faced with challenges.
• Proactive, critical thinker who can work independently.
• Strong research and communication skills.
• Excellent communicator, able to explain complex topics effectively, both orally and in writing, with clients, intermediaries, and colleagues across the organization.
• Demonstrates discretion and ability to handle confidential information.
• Experience working with high-net-worth clients and/or supporting a luxury brand experience, a plus.
• Demonstrates agility and proficiency with technology. Working knowledge of Microsoft Office with strong proficiency in Excel. Experience with eMoney, DocuSign and Salesforce preferred.
• Strong attention to detail, especially with financial calculations and administrative requirements.

Benefits

• Competitive health and welfare benefits, including company HSA contributions
• Numerous voluntary benefit choices available
• Superior 401k match
• Tuition reimbursement
• Company subsidized commuter benefits
• Generous paid time off, including parental leave
• Plus more!

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