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UHNW Senior Wealth Advisor

Boston, USA
Closing date
Feb 23, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time

At Citizens Private Bank, you're made ready for a fulfilling career with exciting new challenges and opportunities to stretch yourself. As a Senior Wealth Advisor, you are accountable for identifying and developing high net worth individuals and institutional client relationships within the market, acting as the ambassador of the Private Bank. You will primarily be responsible for the client experience and engaging in Citizens Private Bank intellectual capital to deliver a complete wealth management solution. As the primary face of the Private Bank, you will lead new client acquisition and retention through a broad knowledge of investments, banking, trust services and financial planning. You will also leverage Citizens along with the specialists on his or her team (Investment Manager, Capital Advisor, Wealth Strategist, and Trust Officer) in order to provide the in-depth expertise for complex clients. In this role, you get the opportunity to help a diverse group of clients realize their financial goals, while maximizing your own earning potential and career growth.

In your role you will partner across consumer and commercial banking departments in the Boston area to actively look for cross-service and business development opportunities. This partnership will support your efforts to acquire and manage a book of ultra-high net worth clients and families. As a Senior Wealth Advisor, you will directly engage with clients to understand their needs, goals, and risk tolerance; analyze and evaluate their current financial situation utilizing a holistic approach, including cash flow, asset allocation, risk management, estate and tax planning; develop a comprehensive financial plan and provide recommendations and customized advice; assist with implementation and monitoring of the overall plan. You will support and act as a liaison to local geographic markets by working with retail, business banking, mortgage and wealth partners. As part of your role, you will visit with local markets to present various financial planning topics to the wealth team; approve new investment engagements and assist in client on boarding; develop new relationships with commercial banking partners to cross sell services; and act as a complete resource for financial planning engagements.

o Investment Management
  • Establish investment goals, objectives, and risk tolerance.
  • develop an investment policy statement and understand cash requirements.
  • Provide customized and holistic investment strategies based upon strategic asset allocation and optimization techniques.
  • Implementation of investment strategies.
  • Monitoring of portfolios, performance, and overall asset allocation.
  • Proactively engage with clients on portfolio results, recommendations, and economic/market news.

o Financial Planning
  • Establish family goals and objectives while prioritizing short- and long-term needs.
  • Analyze and evaluate the client's current situation including assets, liabilities, cash flow, investments, taxes, insurance and estate plans.
  • Identify strengths, weaknesses, and possible planning opportunities.
  • Develop a comprehensive and integrated financial plan with specific planning recommendations.
  • Assist with the implementation and monitoring of the overall plan.

o Estate and Trust Planning
  • As an integral part of the financial planning process, you will:
  • Review estate documents, beneficiary designations and asset titling.
  • Develop and present customized strategies that minimize estate taxes, maximize lifetime giving opportunities and protect assets for future generations.
  • Incorporate and understand philanthropic goals and objectives.
  • Educate clients on various estate planning topics, strategies, and current developments.
  • Coordinate with the client's estate attorney on implementation and execution of documents
  • Insurance and Asset Protection
  • As an integral part of the financial planning process, you will:
  • Assess adequacy of current coverages and provide integrated solutions utilizing life insurance, long-term care insurance and disability insurance products.
  • Educate clients on asset protection and wealth preservation strategies.

o Deposits and Lending
  • Collaborate with Wealth Partners and Mortgage Lending Officers to provide banking and lending solutions including premium deposit and cash management services, mortgages and home equity lines of credit, securities-based lending and other tailored professional loan-based programs.
  • Develop leads and referrals from existing clients.
  • Cultivate and maintain relationships with centers of influence (i.e., attorneys, bankers, accountants, and other professionals) to develop new business.
  • Provide ongoing training, support and mentoring of colleagues to foster continuous growth and development.
  • Keep abreast of markets, planning opportunities, legislation, and tax changes.

  • Bachelors Degree required
  • CFP
  • Life Insurance License

Hours & Work Schedule
  • Hours per Week: 40
  • Work Schedule: M-F

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Equal Employment Opportunity

At Citizens we value diversity, equity and inclusion, and treat everyone with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague's or a dependent's reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.

Equal Employment and Opportunity Employer

Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.
Why Work for Us At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth

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