Director, Wealth Advisor

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 Cresset’s inception in 2017, the firm has grown to over 450 team members in more than twenty offices throughout the United States.  Cresset ranks #9 on Barron’s list of the top 100 RIA firms in 2023.

Job Description

Cresset is seeking a Director, Wealth Advisor to join our wealth management team. The Advisor serves as the primary point of contact for client relationships of varying complexity, provides comprehensive support to our high-net-worth clients, and is responsible for relationship retention and growth. A successful candidate will be entrepreneurial, able to operate both independently and collaboratively, and must be comfortable leading relationships while providing clear guidance to support teammates. This role is ideal for someone who is already comfortable managing a book of clients end to end without direct supervision and is ready to continue growing their skillset and relationships.

Key Responsibilities

• Client Relationships
  • Serve as the primary Advisor for client relationships of varying complexity
  • Proactively address relational and strategic planning for all relationships
  • Provide excellent client service and maintain a high level of client satisfaction
  • Possess a strong wealth management acumen with an understanding of Cresset’s investment philosophy and ongoing general market outlook, portfolio construction and management, goals-based financial planning, risk management, alongside estate, tax and philanthropic planning considerations
  • Ensure quality meeting materials are produced and presented
  • Lead client and / or prospect meetings
  • Manage completion of deliverables from start to finish with support internal and external parties as needed
     
• Business Development
  • Drive growth by earning business from new and existing clients
  • Build and maintain long term relationships with clients, prospects, third party service providers, centers of influence, and other referral sources
     
• Financial Planning
  • Ensure net worth statements, financial plans, cash flow projections, and wealth forecasting models are produced and maintained
  • Lead prospect and client meetings to gather information for financial plans
  • Review and understand estate documents (entity structures, estate plan, wills, beneficiaries, trustees) and tax returns; collaborate with other internal teams (Wealth Planning, Wealth Strategy, Tax) and external providers as needed
  • Discuss core estate plan documents with clients, and their relevance to a client’s unique goals and circumstances
  • Remain current on wealth planning trends, legislative developments, and techniques; identify opportunities to enhance client planning
     
• Portfolio Management
  • Drive review process for client portfolios including development, presentation, and implementation of investment recommendations to clients, including portfolio construction, proposals, rebalancing, phase-in planning, and quarterly performance reviews
  • Collaborate with the National Investments Team to apply the firm's best thinking to client portfolios while considering client-specific needs regarding cash flow, taxation, liquidity, risk, and other considerations
  • Monitor the implementation of client portfolio trades, including execution, margin maintenance, and settlement
  • Develop and maintain investment policy statements (IPS)
     
• Operations
  • Coordinate with support teammates to ensure tasks and requests are handled – including new client onboarding, account maintenance, new investments, redemptions, transfers, and money movement requests
  • Document client notes, investment changes, and activities in Salesforce
  • Review clients’ quarterly performance reports and collaborate with Reporting to identify and resolve issues
  • Provide oversight and development to Associate Wealth Advisor teammates, if applicable

Education and Experience

• Bachelor’s Degree required; strong preference given to MBA, CFA, or CFP professionals or those on track to earn any of these designations
• 10+ years’ previous work experience in wealth management in a relationship management/business development role required
• Series 65 license or equivalent required; unlicensed candidates required to obtain the license within 120 calendar days of employment

Skills and Abilities

• Highest ethical standards with willingness to learn and comply with SEC and other company required rules and regulations
• Proficient in financial planning, asset allocation, and private investments
• Strong business acumen with demonstrated track record of success
• Developed community network and established presence
• Initiative, problem solving ability, adaptability, and flexibility in an entrepreneurial environment
• Excellent writing, communication, and presentation ability 
• Strong mathematical aptitude
• Outstanding organizational and time management skills with the ability to prioritize and balance multiple projects simultaneously
• Ability to work both in a team environment and independently with limited guidance
• Coachable with a learning and development mindset and drive for continuous improvement
• Personal commitment to continuing education for professional development and growth
• Proficient with Microsoft Office suite; knowledge of eMoney, Salesforce, Addepar, and custodial platforms is a plus
• Represent Cresset’s Core Values
  • We Believe in Great People
  • Results Focused
  • Optimistic Energy
  • Continuous Curiosity
  • Thoughtful Efficiency
  • Faster Innovation
  • Be Direct with Respect
  • Speed & Effectiveness
• Displays Cresset’s Core Behaviors
  • Client First
  • Act Like an Owner
  • Extreme Accountability
  • Growth Mindset
  • Confidence to Question Conventional Thinking
  • Transparency
  • Cultivate Diversity
  • Give Back

What We Offer

Cresset offers a competitive compensation package including a discretionary bonus program and a benefits package to all full-time employees including medical, dental, vision, life insurance, 401(k) retirement plan, health savings accounts, short and long-term disability insurance, voluntary critical and accident insurance, and pre-tax parking and transportation programs.  Aligning employee and organizational interests, 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.