Northern Trust
Sr. Associate, Wealth Strategies
Northern Trust, Chicago, Illinois, United States, 60290
About Northern Trust:Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.Senior Associate, Wealth Strategies, Wealth Management
The Senior Associate role is responsible for working closely with Wealth Strategists in support of all aspects of the sales process including: COI Cultivation / Identification of potential prospects / Preparation of presentation and meeting materials including fee proposals / Coordination of the broader sales team for each new business opportunity – including Trust, Investment & Banking Partners / Preparation of new client documentation and legal agreements / Direct communication with prospective clients and their advisors / Onboarding of new clients / Maintaining the sales pipeline report / Booking new trust and investment business.
In addition to gaining expertise in the sale process, this role will allow the incumbent to develop a strong understanding and knowledge of investment management, fiduciary and financial planning matters.
Major Job Duties:
1. Research prospects utilizing approved tools. Prepares materials (i.e. letters, agreements, marketing updates) for prospect, COI or client meetings and presentations.
2. Compile reports for prospects, COI or client meetings and presentations.
3. Make necessary arrangements for prospect, COI or client meetings involving travel, audio-visual aides, seminar/lunch/dinner reservations, meetings, seminars, etc.
4. Perform special projects (i.e. coordinating reports, preparing account analysis and workflow reports) that require responding to specific account inquiries and issues.
5. Work with prospect database to implement proactive DRIP campaign to convert leads into prospects.
6. Review and organizes all asset/family information and trust documents to assess the banks appointment status, and any discrepancies between documents. Reviews all correspondence and accompanying documentation from prospects and attorneys to assimilate all possible information about new business opportunity.
7. Work with Wealth Strategist to maintain active prospect files and reminders to initiate calls for making forward progress.
8. Compose letters to prospective clients and follow up with telephone calls to arrange meetings.
9. Communicate with partner areas on all aspects of a prospect/client relationship and initiate activity which fulfills a partners or client needs.
10. Respond to individual prospects/client inquiries and respond through written correspondence or via telephone.
11. Develop knowledge of a full range of trust-oriented services (e.g. personal trusts, living trusts, wills, investment management, security custody, financial consulting, estate and tax planning). Attend meetings and classes to keep abreast of personal financial planning products and services.
Qualifications
Undergraduate Degree or equivalent experience
Strong computer skills - PowerPoint, Word, Excel
1-3+ years of wealth management or similar experience.
Basic knowledge of personal financial planning, trust and investment products and services.
Organizational and personal computer skills are necessary to prepare materials for prospect and COI meetings and presentations.
Some knowledge of the duties performed within the various departments and divisions of the bank acquired through work experience is required to direct inquiries and requests for client-related information.
Interactive skills are required to understand Wealth Strategist (and prospect) needs and respond with the appropriate solutions.This is an office-based position and for the effective performance of this role, the duties and responsibilities must be carried out onsite50 S. Lasalle, Chicago, IL 60603
#LI-LG1Working with Us:As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreaterReasonable accommodationNorthern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at
MyHRHelp@ntrs.com .We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.Apply today and talk to us about your flexible working requirements and together we can achieve greater.
#J-18808-Ljbffr
The Senior Associate role is responsible for working closely with Wealth Strategists in support of all aspects of the sales process including: COI Cultivation / Identification of potential prospects / Preparation of presentation and meeting materials including fee proposals / Coordination of the broader sales team for each new business opportunity – including Trust, Investment & Banking Partners / Preparation of new client documentation and legal agreements / Direct communication with prospective clients and their advisors / Onboarding of new clients / Maintaining the sales pipeline report / Booking new trust and investment business.
In addition to gaining expertise in the sale process, this role will allow the incumbent to develop a strong understanding and knowledge of investment management, fiduciary and financial planning matters.
Major Job Duties:
1. Research prospects utilizing approved tools. Prepares materials (i.e. letters, agreements, marketing updates) for prospect, COI or client meetings and presentations.
2. Compile reports for prospects, COI or client meetings and presentations.
3. Make necessary arrangements for prospect, COI or client meetings involving travel, audio-visual aides, seminar/lunch/dinner reservations, meetings, seminars, etc.
4. Perform special projects (i.e. coordinating reports, preparing account analysis and workflow reports) that require responding to specific account inquiries and issues.
5. Work with prospect database to implement proactive DRIP campaign to convert leads into prospects.
6. Review and organizes all asset/family information and trust documents to assess the banks appointment status, and any discrepancies between documents. Reviews all correspondence and accompanying documentation from prospects and attorneys to assimilate all possible information about new business opportunity.
7. Work with Wealth Strategist to maintain active prospect files and reminders to initiate calls for making forward progress.
8. Compose letters to prospective clients and follow up with telephone calls to arrange meetings.
9. Communicate with partner areas on all aspects of a prospect/client relationship and initiate activity which fulfills a partners or client needs.
10. Respond to individual prospects/client inquiries and respond through written correspondence or via telephone.
11. Develop knowledge of a full range of trust-oriented services (e.g. personal trusts, living trusts, wills, investment management, security custody, financial consulting, estate and tax planning). Attend meetings and classes to keep abreast of personal financial planning products and services.
Qualifications
Undergraduate Degree or equivalent experience
Strong computer skills - PowerPoint, Word, Excel
1-3+ years of wealth management or similar experience.
Basic knowledge of personal financial planning, trust and investment products and services.
Organizational and personal computer skills are necessary to prepare materials for prospect and COI meetings and presentations.
Some knowledge of the duties performed within the various departments and divisions of the bank acquired through work experience is required to direct inquiries and requests for client-related information.
Interactive skills are required to understand Wealth Strategist (and prospect) needs and respond with the appropriate solutions.This is an office-based position and for the effective performance of this role, the duties and responsibilities must be carried out onsite50 S. Lasalle, Chicago, IL 60603
#LI-LG1Working with Us:As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreaterReasonable accommodationNorthern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at
MyHRHelp@ntrs.com .We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.Apply today and talk to us about your flexible working requirements and together we can achieve greater.
#J-18808-Ljbffr