Senior Associate Wealth Advisor

Employer
Lake Street Advisors Group, LLC
Location
Boston, Massachusetts
Salary
competitive pay, commensurate with experience
Closing date
Feb 2, 2023

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Job Role
Financial Advisor
Employment Type
Full Time
Level
Experienced
Experience Level
1-4 years
CFP® Certification
Required

Job Description

Lake Street Advisors
Portsmouth, NH or Boston, MA (Hybrid)

We are looking for a self-motivated problem solver and experienced Senior Associate Wealth Advisor to join our growing multi-family wealth management firm. You will work internally with a team of advisors to identify planning issues and opportunities, analyze strategic options, generate exhibits and statements, advise clients, and manage implementation of client decisions in conjunction with the Wealth Advisor. Externally, you will partner with leading investment, tax, and legal firms to deliver a customized plan tailored to meet each client’s unique objectives.

At Lake Street, we place a high degree of value in nurturing a work environment that attracts the best talent and reflects our commitment to being an employer of choice. For more information about Lake Street Advisors, visit www.lakestreetadvisors.com.

Responsibilities

The essential duties of the Senior Associate Wealth Advisor include, and are not limited to, planning, coordination,
and execution in the following areas:

  • Prepare supplemental reporting and review and categorize client cash activity. Use reports to identify issues and opportunities for the clients.

  • Cash, Debt and Expense Forecasting and Management

  • Estate, Gift and Charitable Planning and Reporting

  • Family Management

  • Insurance Planning and Execution

  • Loans – Advise on and track loans and tax implications

  • Real Estate – assist in purchases and sales, review and advise on ownership strategies, analyze and help implement leverage (via mortgages or HELOCs) if desired

  • Stock – track and coordinate options exercises, restricted stock plans and concentrated stock sales/gifts/transfers

  • Tax Planning and Execution

  • Track cost basis for non-custodian assets

  • Work internally across teams to ensure that client strategies and service is being met.

Desired Skills and Experience

  • Strong analytical, organizational and time management skills.

  • Excellent interpersonal and communication skills, both written and verbal.

  • Detail-oriented with a focus on delivering optimal client service.

  • Ability and desire to continue to learn and develop.

  • Ability to spot inefficiencies (internal or external) and work with the team on process improvements.

  • Minimum 4 years prior experience in wealth management, tax management and/or financial planning role, ideally for the benefit of high-net-worth individuals and families.

  • Demonstrated aptitude for financial planning disciplines including income taxes, investments, insurance, and trusts and estates.

  • Bachelor’s degree in business/finance or a related field is required.

  • Financial planning education in the form of CFP® and/or MSFP required.

  • Series 65 is a requirement of the job and is financially supported, as needed, by the firm.

  • Proficiency in MS Office with a demonstrated aptitude for mathematics and Excel spreadsheets
    is necessary, experience with Salesforce a plus.

  • Participate in client meetings, as necessary, with possible travel (estimated 20%).

Company Description

Lake Street Advisors is a profoundly independent, singularly focused wealth management firm with locations in Portsmouth, NH, and Boston, MA, serving high-wealth family clients in New England and across the country. As a proven and trusted advisor, we provide transparency and a full support team to manage a client’s diverse investment and financial planning needs. Because we are not tied to any products or managers, clients rely on us for expert, independent service tailored to their situation.

We offer a professional, entrepreneurial and dynamic work environment with competitive employee salaries. Our comprehensive benefit package currently includes 401(k) with employer matching, health and dental insurance with employer contributions, health savings and flexible spending accounts, employer-paid life insurance and short/long term disability, a professional development program, and employer-paid time off.

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Lake Street Advisors is an equal opportunity employer.

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