What are the responsibilities and job description for the Wealth Client Advisor - Family Office Services Team position at Current Opportunities?
Company Overview:
Peapack Private Bank & Trust is a well-recognized, high-performing boutique bank and a leader in wealth, lending, and deposit solutions. We provide a broad range of sought-after products and services designed to help our clients establish, maintain, and grow their legacy through an innovative approach to private banking.
What makes Peapack Private different from our competition? As an institution with over 100 years of history, we have always believed in putting the well-being and needs of our employees and clients first. We are proud to be recognized by American Banker for the eighth consecutive year as one of the nation’s “Best Banks to Work For.” Our secret sauce, in a word, is our culture.
We value a diverse, equitable, inclusive, and safe workplace. Our one-team culture goes to great lengths to show all employees that they are valued members of the organization. We treat one another like family and communicate across the Bank in a transparent and frequent manner, respect and consider feedback from all levels, and operate with a philosophy grounded in hospitality and genuine human kindness.
There are multiple ways to build relationships and get involved; from joining one of our Cultural Ambassador sub-committees (focused on Wellness, Employee Fun, Diversity & Inclusion, or Environmental Awareness), to participating in community service activities through our Volunteerism outreach, to joining LIFT (Leading Inspiring Females Together), a committee focused on enriching the lives of women. Simply put, our culture is amazing.
Position Summary
We are seeking an experienced Client Advisor with demonstrated financial planning and client management experience to join the Family Office team in proactively supporting the complex wealth management needs of our UHNW clients and their families ($25M ). The Client Advisor will be an instrumental member of the client relationship team in analyzing, developing, and implementing comprehensive financial plans and overall wealth management strategy. Working alongside our highly experienced Lead Relationship Managers (LRM), the Client Advisor will be in frequent and direct communication with the clients.
Responsibilities:
• Collaborate with Lead Relationship Managers in the preparation, delivery and implementation of wealth strategies.
• Coordinate with clients’ network of professionals, in the implementation of estate, income tax, investment, insurance, and executive compensation planning.
• Contribute to strategic planning discussions involving multi-generational wealth transfer and legacy preservation.
• Research various financial, investment, tax, and estate planning issues.
• Review of quarterly and ad hoc client performance reports, utilizing proprietary software.
Required Qualifications:
• CFP designation or candidate.
• Minimum of 7-10 years of experience in Financial planning, with a focus on UHNW clients.
• Knowledge of complex wealth management strategies (i.e., estate planning and trust administration, tax planning, inheritance and legacy planning, charitable and philanthropic strategies, etc.).
• Strong analytical and reporting skills; ability to synthesize complex Financial data.
• Exceptional communication and collaboration skills.
Preferred Attributes:
• Experience working in a multi-disciplinary wealth management environment.
• Familiarity with family office structures and multi-generational planning.
• Proficient in financial reporting software and AI tools – eMoney, Tamarac, Salesforce, Microsoft Office, Microsoft CoPilot, ChatGPT.
Benefits Overview:
We offer a competitive compensation package, a generous paid time off program, comprehensive medical, dental and vision coverage, maternity/paternity leave, education reimbursement, wellness programs and more. We also offer participation in an Employee Stock Purchase Program and a 401K with a generous match.
The approximate base pay for this position is $135,000 to $160,000 with a total compensation opportunity of $180,000 plus. Please note that the pay range provided is a good faith estimate for the position at the time of posting. Final compensation may vary based on factors including, but not limited to knowledge, skills and abilities, as well as geographic location.
Note: Incentives and/or benefits packages may vary depending on the position.