Wealth Management Specialist, Sr. jobs in Philadelphia, PA

Founded in 1956 by the Pew family to manage their charitable assets, Glenmede is among the nation's leading investment and wealth management firms. The company oversees $41.6 billion of assets under management (as of 9/30/2023), for high-net-worth individuals, families, family offices, endowment, foundation and institutional clients. Headquartered in Philadelphia, the firm has offices in Delaware, Florida, New Jersey, New York, Ohio, Pittsburgh and Washington, DC. For further information, please visit http://www.glenmede.com.

This position will operate in a hybrid work environment, 3 days per week in the office (Philadelphia, PA).

OVERVIEW:

The primary function of the Management Associate is to assist and support the designated Relationship Managers, Wealth Advisors and Fiduciary Specialists with advisory-related client service, trust and account administration, compliance requirements, and other functions as required to ensure excellent relationships with clients and business partners and success with firm wide initiatives.

RESPONSIBILITIES:

Relationship Management and Client Service: Independently handle certain complex to moderately complex client (internal and/or external clients) inquiries as part of RM team. Respond to client requests or proactively identify potential issues in the normal course of business, undertake research or take needed action to resolve (with guidance from senior officers where appropriate) and keep all relevant parties informed. Cover situations that arise when other team members are out of the office. Act as initial point of contact for client and internal communications, manage information flow, prioritize needs, assist with and draft communications, as required. Prepare presentation material for meetings and coordinate with investment, tax or other departments to ensure deadlines are met. Plan and coordinate all aspects of client meetings.

Trust/Account Administration and Advice: Develop a strong knowledge of all aspects of Wealth Advisory functions, policies, procedures and best practices, including financial planning and its supporting systems (Global Plus, Salesforce, Wealth View). Develop strong foundational knowledge of administrative, legal, compliance and tax principles regarding trust administration as well as fundamentals of financial planning. Become a subject matter expert on all aspects of basic administrative duties including daily transaction processing for cash and securities transfers, check requests, gifts, deposits, routine and semi-complex client requests, account opening, overdraft resolution and any other functions essential to the basic management of client accounts and demonstrate the ability to perform all of these duties without oversight. Coordinate with Securities Operations and other business partners until transactions or matters are resolved to full completion.

Complex Analysis, Advanced Administration and Project Initiatives: Review and prepare discretionary requests for approval (with the supervision of RM/WA). Review relevant documents and prepare trust summaries, understand and implement power to adjust, trust terminations, distributions, receipt and releases, special asset policies and procedures, attainment of age and other trust administration requirements. As necessary, transition relationships to new RM teams to support internal succession planning. Participate in special projects and firm-wide initiatives to foster understanding of multidisciplinary wealth management practice areas, effective working relationships with colleagues and peers and to develop presentation skills.

Firm Building: Assist and train others, as needed, and perform other duties and responsibilities as assigned.

REQUIRED QUALIFICATIONS:

• Bachelor’s degree preferably in accounting, finance or related field required.
• 0-4 years of experience in financial services, preferably in a fiduciary environment required.

PREFERRED QUALIFICATIONS:

• Advanced degree/certification preferred (JD, MBA, CTFA, CFP).
• Knowledge of trust accounting and investment systems strongly preferred.
• Superior team orientation.
• Advanced knowledge of Microsoft Office.
• Self-starter with a great deal of initiative.
• Full understanding of client privacy and confidentiality.
• Excellent verbal and written communication skills.
• Demonstrated competence in the following: organizational and problem solving skills; ability to work well under pressure; and consistent accuracy and attention to detail.

Glenmede is an Equal Opportunity Employer and Prohibits Discrimination and Harassment of Any Kind: Glenmede is committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination, retaliation, and harassment. All employment decisions at Glenmede are based on business needs, job requirements and individual qualifications in full compliance with all local, state and federal laws prohibiting discrimination on the basis of race, color, religious creed or belief, national origin, citizenship status, ethnicity, ancestry, age, physical or mental disability, HIV Status, sex including pregnancy, childbirth, breastfeeding or medical conditions related to breastfeeding, and medical conditions related to pregnancy or childbirth, gender, sexual orientation, gender identity and/or expression including a person’s actual or perceived gender-related self-image, appearance, behavior, expression, or other gender-related characteristic, regardless of the sex assigned to that person at birth, sexual and reproductive health decisions, marital, civil union or domestic partnership status, past or present military service, alienage or citizenship status, family medical history (including pregnancy), genetic information or characteristic, family or parental status, caregiver status, status as a victim of domestic violence, an individual’s status as having a known relationship or association with a member or members of a protected category, hair texture and protective hairstyles, such as braids, locks, and twists, or any other status protected by the laws or regulations in the locations where we operate. Glenmede will not tolerate discrimination or harassment based on any of these characteristics.

** We are not seeking agency assistance with this role. No agencies, third parties, or phone calls, please. Glenmede is not accepting unsolicited resumes from search firms. All resumes submitted by search firms to any employee at Glenmede via-email, the Internet, or directly without a valid written search agreement will be deemed the sole property of Glenmede, and no fee will be paid in the event the candidate is hired by Glenmede.