Associate, Wealth Advisor
Cresset, Dallas, TX, United States
Job Description
Cresset is seeking an Associate, Wealth Advisor (AWA) to join our wealth management team. The AWA provides comprehensive support to high-net-worth clients by working closely with experienced Wealth Advisors. A successful candidate will be entrepreneurial, able to operate both independently and collaboratively, and must be comfortable supporting relationships and projects with limited direction. This role is ideal for those who wish to develop client advisory skills under the guidance and mentorship of an experienced Wealth Advisory team.
Key Responsibilities
Client Relationships
Proactively support the Wealth Advisor (WA) by providing excellent client service and maintaining a high level of client satisfaction
Build a strong wealth management acumen with an understanding of Cresset’s investment philosophy and ongoing general market outlook, portfolio construction and management, goals-based financial planning, risk management, alongside estate, tax and philanthropic planning considerations
Prepare client meeting materials; may attend client and / or prospect meetings
Manage completion of deliverables from start to finish with the Client Associate and/or various internal and external parties as needed
Assist experienced Advisors in the production and maintenance of net worth statements, financial plans, cash flow projections, and wealth forecasting models
Review and understand estate documents (entity structures, estate plan, wills, beneficiaries, trustees) and tax returns; collaborate with other internal teams (Wealth Planning, Wealth Strategy, Tax) and external providers as needed
Learn and understand current wealth planning trends, legislative developments, and techniques; partner with the Wealth Advisor to enhance client planning
Review client portfolios and assist Advisors with the development, presentation, and implementation of investment recommendations to clients, including portfolio construction, proposals, rebalancing, phase-in planning, and quarterly performance reviews
Assist with the implementation of client portfolio trades, including execution, margin maintenance, and settlement
Operations
Coordinate with the internal team to ensure tasks and requests are handled, including new client onboarding, account maintenance, new investments, redemptions, transfers, and money movement requests
Document client notes, investment changes, and activities in Salesforce
Review clients’ quarterly performance reports and collaborate with Reporting to identify and resolve issues
Education and Experience
Bachelor’s Degree required; preference given to MBA, CFA®, or CFP® professionals or those on track to earn any of these designations
Previous work / internship experience in financial services required; 2+ years’ experience preferred
Series 65 license required; unlicensed candidates required to obtain the license within 120 calendar days of employment
Skills and Abilities
Highest ethical standards with willingness to learn and comply with SEC and other company required rules and regulations
Initiative, problem solving ability, adaptability, and flexibility
Effective speaking and presentation ability
Excellent writing proficiency and communication skills
Strong numerical aptitude
Outstanding organizational skills and the ability to prioritize and balance multiple projects simultaneously
Ability to work independently over time with limited guidance
Coachable with the ability to work in a team environment and independently when necessary
Learning and development mindset and drive for continuous improvementPersonal commitment to continuing education for professional development and growth
Proficient with Microsoft Office suite; knowledge of Salesforce, Addepar, and custodial platforms is a plus
What We Offer
At Cresset, we focus on people first. As a service business, our people are our assets. Engaging our clients and employees is our highest priority. Base salary is considered on factors including, but not limited to, relevant experience, licenses and certifications, industry knowledge, and geographic location. Cresset offers a competitive compensation package including an annual incentive and a benefits package to all full-time employees including medical, dental, vision, life insurance, 401(k) retirement plan, health savings accounts, short and long-term disability insurance, voluntary critical and accident insurance, and pre-tax parking and transportation programs.
It is the policy of Cresset to ensure equal employment opportunity (EEO) for all employees and applicants for employment without regard to race, color, religion, sex, pregnancy (including childbirth, lactation, or related conditions), national origin or ancestry, age, disability, veteran status, uniformed servicemember status, sexual orientation, gender identity, status as a parent, genetic information (including testing and characteristics), or any other characteristic protected by applicable federal, state, or local law. It is Cresset’s policy to comply with applicable laws concerning the employment of persons with disabilities, including reasonable accommodation for applicants and employees with disabilities.
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Cresset is seeking an Associate, Wealth Advisor (AWA) to join our wealth management team. The AWA provides comprehensive support to high-net-worth clients by working closely with experienced Wealth Advisors. A successful candidate will be entrepreneurial, able to operate both independently and collaboratively, and must be comfortable supporting relationships and projects with limited direction. This role is ideal for those who wish to develop client advisory skills under the guidance and mentorship of an experienced Wealth Advisory team.
Key Responsibilities
Client Relationships
Proactively support the Wealth Advisor (WA) by providing excellent client service and maintaining a high level of client satisfaction
Build a strong wealth management acumen with an understanding of Cresset’s investment philosophy and ongoing general market outlook, portfolio construction and management, goals-based financial planning, risk management, alongside estate, tax and philanthropic planning considerations
Prepare client meeting materials; may attend client and / or prospect meetings
Manage completion of deliverables from start to finish with the Client Associate and/or various internal and external parties as needed
Assist experienced Advisors in the production and maintenance of net worth statements, financial plans, cash flow projections, and wealth forecasting models
Review and understand estate documents (entity structures, estate plan, wills, beneficiaries, trustees) and tax returns; collaborate with other internal teams (Wealth Planning, Wealth Strategy, Tax) and external providers as needed
Learn and understand current wealth planning trends, legislative developments, and techniques; partner with the Wealth Advisor to enhance client planning
Review client portfolios and assist Advisors with the development, presentation, and implementation of investment recommendations to clients, including portfolio construction, proposals, rebalancing, phase-in planning, and quarterly performance reviews
Assist with the implementation of client portfolio trades, including execution, margin maintenance, and settlement
Operations
Coordinate with the internal team to ensure tasks and requests are handled, including new client onboarding, account maintenance, new investments, redemptions, transfers, and money movement requests
Document client notes, investment changes, and activities in Salesforce
Review clients’ quarterly performance reports and collaborate with Reporting to identify and resolve issues
Education and Experience
Bachelor’s Degree required; preference given to MBA, CFA®, or CFP® professionals or those on track to earn any of these designations
Previous work / internship experience in financial services required; 2+ years’ experience preferred
Series 65 license required; unlicensed candidates required to obtain the license within 120 calendar days of employment
Skills and Abilities
Highest ethical standards with willingness to learn and comply with SEC and other company required rules and regulations
Initiative, problem solving ability, adaptability, and flexibility
Effective speaking and presentation ability
Excellent writing proficiency and communication skills
Strong numerical aptitude
Outstanding organizational skills and the ability to prioritize and balance multiple projects simultaneously
Ability to work independently over time with limited guidance
Coachable with the ability to work in a team environment and independently when necessary
Learning and development mindset and drive for continuous improvementPersonal commitment to continuing education for professional development and growth
Proficient with Microsoft Office suite; knowledge of Salesforce, Addepar, and custodial platforms is a plus
What We Offer
At Cresset, we focus on people first. As a service business, our people are our assets. Engaging our clients and employees is our highest priority. Base salary is considered on factors including, but not limited to, relevant experience, licenses and certifications, industry knowledge, and geographic location. Cresset offers a competitive compensation package including an annual incentive and a benefits package to all full-time employees including medical, dental, vision, life insurance, 401(k) retirement plan, health savings accounts, short and long-term disability insurance, voluntary critical and accident insurance, and pre-tax parking and transportation programs.
It is the policy of Cresset to ensure equal employment opportunity (EEO) for all employees and applicants for employment without regard to race, color, religion, sex, pregnancy (including childbirth, lactation, or related conditions), national origin or ancestry, age, disability, veteran status, uniformed servicemember status, sexual orientation, gender identity, status as a parent, genetic information (including testing and characteristics), or any other characteristic protected by applicable federal, state, or local law. It is Cresset’s policy to comply with applicable laws concerning the employment of persons with disabilities, including reasonable accommodation for applicants and employees with disabilities.
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