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About Cresset
Private equity entrepreneurs Eric Becker and Avy Stein founded Cresset Capital Management with a vision to reinvent wealth management and with a firm belief that clients deserve better. Cresset offers individuals and families access to a comprehensive suite of family office services, deeply personalized wealth management, investment advisory, planning and other services through Cresset Asset Management, an SEC registered Investment Advisor, which has surpassed $40 billion in assets under management. Cresset Partners, our private investing group, offers clients direct access to real estate, private equity, and other investment opportunities. Since Cressets inception in 2017, the firm has grown to over 450 team members in more than twenty offices throughout the United States.
Cresset is seeking a Director, Private Wealth Client Services with 10 years of experience managing the administrative and private banking needs for high-net worth clientele. The candidate will serve as a primary point of contact for clients and collaborate with a portfolio manager to build strong relationships and to drive retention and growth by providing a superior experience.
Primary Responsibilities:
Serve as a primary lead for client onboarding, investment implementation, and private banking services
Create and implement a customized onboarding experience for high-net worth clients
Initiate account opening for complex entities
Transfer and reconcile assets from contra firms
Implement new investment strategies and hire managers as directed by Investment Committee
Process client subscription and redemption of alternative investments documents
Develop detailed asset reconciliation and portfolio activity reports
Operate on multi-custodial platforms
Attend and actively participate in quarterly client portfolio review meetings
Monitor quarterly client fee schedules
Serve as a liaison between Cresset and client CPAs and attorneys
Manage tax document facilitation with client CPAs
Assist internal Planning, Trading, Tax, and Reporting Departments with client related matters
Identify new technology and opportunities to enhance client experience and promote internal scalability
Qualifications and Characteristics:
Bachelors degree in Business, Finance, or a related field
10 plus years financial services experience working with ultra-high net worth clients
Knowledge of Fidelity and Schwab custodial platforms a plus
Operate in a dynamic and fast-paced environment is essential
Approach problems with creativity, innovation, and tenacity
Possess a strong sense of urgency
Think strategically and operate independently
Multitask to successfully manage multiple assignments simultaneously
Evaluate and prioritize tasks to meet deadlines
Organize and create structure for client relationships
Collaborate and provide meaningful input to the team
Adapt, improvise, and overcome challenges
Quickly and efficiently process and absorb information
Strong attention to detail to achieve thoroughness and accuracy when accomplishing a task
Establish and maintain positive working relationships with clients, peers, CPAs, attorneys, and other professionals
Proactively approach problem solving with strong decision-making capability
Proven ability to handle confidential information with discretion and demonstrate the highest level of client service, ethics, and integrity
Excellent communication skills, both written and verbal
Proficient in the use of Salesforce, Microsoft Office programs including Word, Excel, PowerPoint and Outlook
What We Offer
Cresset offers a competitive benefits package to full-time regular employees including medical, dental, vision, life insurance, 401(k) retirement plan, flexible spending, dependent care, pre-tax transportation, and unlimited vacation. All employees receive equity in Cresset.
Equal Employment Opportunity
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.
Full Time
$143k-207k (estimate)
03/07/2024
05/06/2024