Associate, Client Advisory-PA
Company Description: Pathstone is one of the fastest-growing wealth management firms in the country, specializing in providing financial solutions and family office services to ultra-high net worth families, single family offices, and foundations and endowments.
Recently ranked the #2 RIA (Registered Investment Advisor) firm in the U.S. by Forbes, Pathstone has experienced significant growth over the past 5 years and currently oversees approximately $97B in assets under advisement and administration. As a certified B Corp, we seek to make a difference in the lives of our clients and their families as well as offer a positive and supportive work environment for our employees.
Although Pathstone currently has 19 locations across the country, the firm operates as one office and one team. Our team members are encouraged to pursue their passions by serving on a variety of committees within the firm covering important topics to our clients. Our talented people are our greatest asset and therefore we offer a competitive, comprehensive, and flexible benefits program that helps meet the challenging needs of our team members and their families. Pathstone’s generous benefits include comprehensive medical, vision, and dental coverage, flexible spending, flexible PTO, life insurance, education support, 401k plan, parental leave, and more.
This role supports the firm’s Newtown Square, PA office.
Qualifications: Pathstone is seeking an entry level associate with 0-3 years of industry or client experience. Candidates should have a bachelor’s degree and strong mathematical/analytical, organizational and communication skills. Excellent interpersonal and writing skills, coupled with understanding of Microsoft Office (Word, Excel, and PowerPoint) are prerequisites.
Job Description: We are seeking an individual to join as an integrated member of a client advisory team. The applicant would join a two-to-four-person team providing investment and financial advice and coordination to wealthy families. Client teams develop investment policies for clients, which include recommending asset allocations, considering tax and estate issues, and proposing specific investments that have been vetted by Pathstone’s research department. In addition to participating in the investment policy process, teams address and coordinate answers for a host of financial questions including optimal financing, charitable gifting, budgeting, financial education. Advisory teams play a key role alongside client’s accountants and attorneys, and gain significant familiarity with the tax and legal issues of investors with significant wealth. Regular responsibilities include monitoring the allocation and investments, place trades, move funds, respond to questions, and generate quarterly or more frequent reports to communicate holdings and performance. The goal for this role is increased decision making and client contact over time.
Job Responsibilities:
• Working cooperatively with team members to ensure high client satisfaction through excellent customer service, prompt follow-up on client issues, and proactive problem solving.
• Delivering accurate and timely monthly and quarterly reporting, along with tax reporting, to clients and their other advisors.
• Entering portfolio transactions on a propriety web-based system for centralized execution.
• Managing client to-do lists and team calendars, demonstrating flexibility to adjust schedules and prioritizing workload across multiple clientele, as necessary.
• Proactively helping the team maintain regular contact with clients and third-party advisors.
• Researching and analyzing potential strategies for sophisticated clients.
• Regularly monitoring client portfolios to ensure adherence to allocations and for cash flow and tax planning purposes.
Pathstone is committed to creating a diverse environment and is proud to be an equal opportunity employer.