Managing Director & Family Office Fellow

POSITION SUMMARY

As a key member of the Family Office Services Team, the Managing Director & Family Office Fellow is responsible for reviewing complex estate and wealth planning deliverables, identifying and developing proactive observations and recommendations, along with managing existing client relationships. This individual is viewed as the firm’s subject matter expert on tax and estate planning issues and will periodically publish relevant articles and maintain educational materials. This role has no new business development requirements.

DUTIES & RESPONSIBILITIES

Complex Client Estate and Wealth Planning Deliverables

• Reviews estate flowcharts and other complex estate planning technical deliverables.
• Develops and reviews observations and recommendations relative to specific planning issues and strategies with an eye toward proactive opportunities.
• Develops and reviews technical, complex and comprehensive plans focused on wealth transfer and estate planning ensuring that objectives/observations and information from other members of the broader client cell team are incorporated into the Comprehensive Plan.
• Reviews, analyzes and summarizes sophisticated estate planning documents.
• Provides guidance for Wealth Strategist in oversight of the administration of various family entities and comprehensive services related to maintaining client’s family office needs.
• Develops and maintains, with demonstrated excellence, templates for various estate planning reports, analysis and deliverables.
• Anticipates client questions

Client Engagements

• Serves as lead relationship manager to clients or as co-lead relationship manager for clients with another Managing Director
• Actively listens and responds to client concerns and needs
• Maintains professional credentials and develops individual technical knowledge at the expert level for UHNW clients
• Proactively communicates, educates and builds consensus with clients, their families and advisors about techniques appropriate to consider understanding the family’s goals/objectives, time frames and risk tolerance
• Assists in implementation of planning techniques with clients and advisors
• Effectively prepares for quarterly client meetings including development of agendas and action items
• Establishes spirit of teamwork and respect with operational team within the firm

Firm Technical Resource

• Provides support, clarity and answers to technical issues/questions related to tax and estate planning.
• Researches, writes, and publishes high-quality articles on complex wealth transfer topics for professional journals, industry publications, and online platforms. Ensure all content is accurate, well-researched, and adheres to the highest standards of legal writing.
• Meets/communicates regularly with outside advisors for technical estate planning discussions and review, with developed beneficial relationships with outside advisors.
• Reviews, develops and maintains FOS technical materials and educational pieces related to estate and wealth planning.
• Reviews or creates and maintains estate planning related technical education summaries and materials.
• Provides subject matter expertise and training opportunities to internal associates

Administrative, Professional Development & Other Duties

• Handle administrative tasks, attend internal meetings, and participate in ongoing training.
• Perform additional responsibilities as needed to support the firm and client teams

QUALIFICATIONS

• College degree with a postgraduate degree of JD, L.L.M or MST and/or a professional designation of CPA, CFP® and/or CPWA® and 10 years relevant experience in estate and tax planning and/or fiduciary and trust planning and administration.
• Must possess a foundation of technical and business expertise with prior experience in strategic wealth planning for high-net-worth individuals and multi-generational families.
• Must have in-depth knowledge of current legislative and case law changes and other technical developments in the estate planning area.
• Must have strong analytical skills and the ability to interpret/analyze estate planning documents, financial statements and tax returns with strong attention to detail.
• Must have demonstrated excellence in written and verbal communication skills as frequent author and presenter of complex estate planning strategies.
• Must have excellent computer skills in Excel with ability to build Excel worksheets relative to complex planning strategies preferred.
• Must have ability to explain complex estate planning strategies in a client friendly manner.
• Must have a professional demeanor with the utmost respect for confidential matters.
• Must be able to work independently and in a team environment.
• Must have excellent written and verbal communication skills with strong interpersonal skills.
• Must be detail oriented with excellent organizational skills.
• Must have ability to multi-task and work in a fast-paced environment.
• Must have strong work ethic with a positive attitude

WORKING CONDITIONS

• Client travel as business needs
• Long periods of sitting utilizing a computer
• 100% onsite

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