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Bessemer Trust · 1 month ago

Client Advisor

Dallas, TX

Full-time

Hybrid

Mid, Senior Level

6+ years exp

Bessemer Trust is a family office overseeing more than $200 billion in assets for ultra-high net worth clients. The Client Advisor is responsible for developing and maintaining client relationships and coordinating services across various areas such as Tax and Financial Planning, Investments, and Trust Administration.

Financial ServicesWealth Management

Responsibilities

Communicate with clients and their advisors regularly. Provide timely and thorough response

Attend client meetings, document issues discussed and coordinate follow up

Oversee preparation of client meeting materials. Create custom reports proactively and as requested

Document client information and communications in Salesforce

Oversee account opening and closing procedures and review related documents

Oversee account transactions and reporting

Review and be comfortable with client wills, trusts and governing documents and their application to client account administration. Establish necessary automated reminders and follow through

Coordinate with Bessemer fiduciary counsel as needed to ensure administration is in accordance with governing documents

Prepare Annual Relationship Reviews and assure that all accounts comply with all regulatory requirements

Assist the Senior Client Advisor in investment management activities including implementing investment objectives, rebalancing accounts, executing trades, monitoring asset allocation and investment performance, and overseeing investment transition

Monitor daily internal reports and work with account team to resolve any issues, such as overdrafts

Coordinate client requests for funds including regular disbursements

Prepare asset allocation simulation modeling

Prepare initial and annual trust reviews and requests for all discretionary distributions from trusts and for all special investments in trust

Make required distributions from trusts and foundations

Coordinate annual unitrust payments and private foundation grant payments with tax department

Process gifts to charity and family. Prepare and send Crummey letters as appropriate

Coordinate with tax department (or clients outside tax preparers) on reporting gifts to, and use of GST exemption on gift tax returns for, irrevocable trusts

Prepare reports to Trust Builder for irrevocable insurance trusts (ILITs), make transfers to ILITs as required and pay life insurance premiums

Other duties and responsibilities as assigned

Qualification

Client relationship managementInvestment managementTrust administrationSeries 7 licenseSalesforce proficiencyMicrosoft Office SuiteWriting skillsTeamwork qualitiesOrganizational skills