Blackstone Private Wealth Product Specialist (1031 Exchange Fund), Vice President
San Francisco, CA - USA
Job Summary
Blackstone is the worlds largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors the companies we invest in and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused onprivate equity real estate public debt and equity infrastructure life sciences growth equity opportunistic non-investment grade credit real assets and secondary funds all on a global information is available at . Follow @blackstone onLinkedInX andInstagram.
Blackstone Private Wealth was established to meet the growing demand from highnetworth investors for access to Blackstones institutional alternative investment capabilities. Partnering with leading private banks wealth management firms independent advisors and family offices globally the platform delivers differentiated private market solutions supported by deep product expertise education and ongoing client engagement. Blackstone Private Wealth leverages the firms global scale across Private Equity Real Estate Infrastructure Credit Secondaries Tactical Opportunities and Hedge Fund Solutions to construct both singleasset and multiasset offerings aligned with client portfolio objectives. Blackstone manages approximately $300 billion of capital on behalf of Private Wealth clients and operates across North America Europe and Asia.
Role Overview
Blackstone Private Wealth is seeking a Vice President Product Specialist to serve as a subjectmatter expert for 1031 exchange and taxdeferred private real estate solutions. This individual will play a critical role in supporting fundraising advisor engagement and ongoing product education by partnering closely with Blackstones Real Estate investment teams and Private Wealth sales professionals. The role spans the full product lifecyclefrom fundraising through investment and return of capitaland requires deep technical expertise strong communication skills and translation of complex structures into clear advisor and clientready insights.
Key Responsibilities
- Serve as a primary product specialist for Blackstones 1031 exchangeeligible real estate strategies within the Private Wealth platform.
- Partner with Real Estate investment teams and internal stakeholders to develop and execute product positioning messaging and sales strategies across global Private Wealth channels.
- Provide timely investment performance and market updates to Private Wealth sales teams financial advisors and end clients.
- Support the completion and coordination of due diligence questionnaires related to 1031 exchangeeligible real estate products within Private Wealth partnering closely with investment teams legal compliance tax and risk stakeholders to ensure accurate timely and consistent responses covering product structure tax considerations investment strategy risk management and operational processes for advisor and client review.
- Act as a technical resource on 1031 exchange structures including eligibility execution mechanics tax considerations and portfolio construction use cases.
- Create and maintain highimpact client and advisor content including:
- Monthly and quarterly product updates
- Fund and portfolio reviews
- Market and investment commentary
- Deal activity and pipeline updates
- Responses to bespoke advisor and client requests
- Participate in advisor and client meetings both virtual and inperson to communicate portfolio updates performance and market insights.
- Collaborate crossfunctionally with Sales Marketing Product Strategy Investor Services Compliance and Business Development to support broader platform initiatives.
- Monitor competitive dynamics across private real estate taxadvantaged structures and alternative investment vehicles relevant to 1031 investors.
- Support and mentor junior team members contributing to product coverage and client support.
- Travel as needed for client engagement due diligence meetings and industry events.
Qualifications
- 7 years of experience in asset management investment banking consulting or wealth management with a strong focus on private real estate.
- FINRA Series 7 & (63/65 or 66) required.
- Demonstrated experience with 1031 exchanges and taxdeferred real estate investment structures serving highnetworth investors.
- Deep understanding of private real estate markets investment structures return drivers and risk considerations.
- Strong familiarity with wealth management distribution models advisor needs and relevant regulatory frameworks.
- Exceptional written and verbal communication skills can clearly articulate complex investment concepts.
- Highly collaborative with a strong sense of ownership and accountability.
- Strong analytical organizational and problemsolving skills.
- MBA and/or CFA preferred but not required.
San Francisco Applicants: Blackstone will consider for employment qualified applicants with arrest and conviction records consistent with the San Francisco Fair Chance Ordinance.
The duties and responsibilities described here are not exhaustive and additional assignments duties or responsibilities may be required of this position. Assignments duties and responsibilities may be changed at any time with or without notice by Blackstone in its sole discretion.
Expected annual base salary range:
$175000 - $200000Actual base salary within that range will be determined by several components including but not limited to the individuals experience skills qualifications and job location. For roles located outside of the US please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.
Additional compensation and benefits offered in connection with the role consist of comprehensive health benefits including but not limited to medical dental vision and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstones sole discretion.
Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race color creed religion sex pregnancy national origin ancestry citizenship status age marital or partnership status sexual orientation gender identity or expression disability genetic predisposition veteran or military status status as a victim of domestic violence a sex offense or stalking or any other class or status in accordance with applicable federal state and local laws. This policy applies to all terms and conditions of employment including but not limited to hiring placement promotion termination transfer leave of absence compensation and training. All Blackstone employees including but not limited to recruiting personnel and hiring managers are required to abide by this policy.
If you need a reasonable accommodation to complete your application please contact Human Resources at (US) 44 (0)(EMEA) or(APAC).
Depending on the position you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:
Attending client meetings where you are discussing Blackstone products and/or and client questions;
Marketing Blackstone funds to new or existing clients;
Supervising or training securities licensed employees;
Structuring or creating Blackstone funds/products; and
Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.
Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis. Please speak with your Blackstone Recruiting contact with any questions.
To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered prefer not to say). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.
Required Experience:
Exec
About Company
Blackstone is the world’s largest alternative asset manager, serving institutional and individual investors by building strong businesses positioned to deliver lasting value.