Sr. Wealth Strategist
Sr. Wealth Strategist
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$ 158010 - 276460
1 Vacancy
Job Description
About Northern Trust:
Northern Trust a Fortune 500 company is a globally recognized awardwinning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the worlds 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 22000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.
Major Duties :1. Sells bank products and services to individuals
focusing on trust and investment management
products.
2. Utilizes business and personal contacts as well
as area files to identify prospective clients. Develops
a perspective on individual client situations to use
as a vehicle for selling products.
3. Assumes responsibility for complex and sensitive
client and account activities as assigned by manager.
4. Researches prospects financial picture and
possible needs to determine how to best provide
service.
5. Develops rapport with prospects and arranges
meetings to continue the sales process. Presents
bank product materials to prospective client or
designated liaison (e.g. attorney CPA etc.).
6. Responds to questions consulting bank partners
for additional product/service information when
necessary. Conducts additional prospect analysis
to further determine services.
7. Consults with clients and their attorneys on
the benefits of estate planning products/services.
Analyzes property/assets and develops
alternatives (e.g. creation of living or insurance
trusts).
8. Consults with clients their attorneys and other
financial advisors to determine the appropriate
plan for estate taxes. Utilizes knowledge of
inheritance gift income and estate taxes to
sell services to clients.
9. Summarizes account assets to determine
eligibility qualifications and tax classification.
10. Maintains current indepth knowledge of
a full range of trustoriented services (e.g. personal
trusts living trusts wills investment management
security custody financial consulting estate
and tax planning).
11. Develops and maintains an understanding of
all applicable federal state and local laws and
regulations pertaining to fiduciary services and
estate and tax planning to ensure the compliance
of financial planning activities.
12. Initiates and follows through on any request
for loan checking or savings account services
by contacting banking and operations areas
as appropriate.
13. Maintains periodic contact with client and acts
as a liaison between the client and the rest of the
bank for various activities (e.g. setting up accounts
facilitating transactions).
14. Crosssells relationship improvement
opportunities to existing clients by providing
pertinent client update information to partners
within appropriate areas of the bank.
15. Sets personal sales goals with manager based
on sales history and product knowledge.
16. Represents personal financial planning in various
business councils and task forces (e.g. personal
fiduciary service investment management financial
consulting).
17. Participates in related seminars/presentations
and product knowledge training for bank partners.
Knowledge :Knowledge of fiduciary products and services
(e.g. personal trusts living trusts wills investment
management security custody financial consulting
estate planning) including fee structures and
documentation acquired through work experience
is required to respond to the issues that arise during
sales calls. Knowledge of federal state and local
laws and regulations that apply to personal fiduciary
and estate and tax planning services acquired
through formal education and work experience
is required to consult with clients. Analytical and
sales skills are required to relate individual customer
asset situations to specific products. Interactive skills
are required to comprehend prospect needs and
respond with the appropriate solutions.
Experience :57 years of trust sales or trust relationship
management.
Salary Range:
$USDSalary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension) health and welfare benefits (medical dental vision spending accounts and disability) paid time off parental and caregiver leave life & accident insurance and other voluntary and wellbeing benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
Working 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.
Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and sustainable companies! Build your career with us andapply today.#MadeForGreater
Reasonable accommodation
Northern 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 .
We hope youre 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.
Required Experience:
Senior IC
Employment Type
Full-Time
