Bernstein Private Wealth Management (Bernstein), also a subsidiary of AllianceBernstein L.P. (AB), provides advanced planning strategies and a wide array of investment management services to high net worth families, endowments and foundations, and institutions to help them reach specific financial objectives. Bernstein Private Wealth Management is distinguished among major wealth managers by its single focus and the resulting alignment of interests and accountability this brings to each client relationship. Bernsteins integrated approach allows the firm to tailor each clients portfolio, minimizing the effects of tax and volatility, with investment strategies that draw on ABs deep research expertise across asset classes and geographies.
Bernstein Private Wealth Managements clients are located around the globe. Bernstein has offices in Atlanta, Boston, Chicago, Cleveland, Dallas, Denver, Houston, Los Angeles, Miami, Minneapolis, New York, Philadelphia, San Diego, San Francisco, Seattle, Tampa, Washington, D.C., and West Palm Beach. Bernstein Private Wealth Management reported $95 billion in assets under management, as of May 31, 2019.
Responsibilities We are looking for a NY-based Private Client Associate that will focus solely on servicing Defined Contribution (DC) existing and prospective clients. The Associate will work in a team environment supporting the national small-market DC sales effort for Bernstein Global Wealth Management, a unit of AllianceBernstein. This is an exciting and challenging opportunity to assist DC Financial Advisors in all aspects of client servicing including analyzing financial information to determine investment strategies for plan participants.
Bernstein Global Wealth Management offers a full range of investment services designed to help affluent individuals and families preserve and enhance their wealth. Financial Advisors help each of their clients design the best long-term investment plan, keeping them informed on an ongoing basis of our investment strategies and research. At the heart of everything we do is a commitment to serving our clients with the highest standards of quality and performance.
A DC Associate will work as part of a team supporting Financial Advisors across the country. Specific responsibilities may include:
- Serve as a resource for Defined Contribution questions that arise within the Private Client Department. Maintain a strong working knowledge of ERISA regulations and the Defined Contribution industry.
- Prospective Client responsibilities include but not limited to: interact with prospective clients, coordinate responses to RFPs, maintain client management database, distribute research communications and provide sales support to DC Financial Advisors across the country.
- Plan Conversion responsibilities include but not limited to: partner with third party Recordkeepers and Administrators to ensure successful plan implementation, participate in regular conference calls between critical parties, gather data and documents from clients for account openings, coordinate asset transfer, and prepare plan enrollment materials.
- Client Servicing responsibilities include but not limited to: open/close accounts, process cash flows, prepare client reports and regular due diligence, provide prudent investment advice to Defined Contribution plan participants; prepare marketing presentations and general troubleshooting in response to client inquiries.
Qualifications The ideal candidate should have a bachelors degree in business, finance or economics with excellence in academics and strongleadership experience. Two years of industry experience is preferred; however, relevant internships with demonstrated achievement will also be considered.
Ideally we are interested in candidates that are client-focused and detail-oriented with a strong ability to multi-task and work under pressure in a fast paced atmosphere. Candidates should also possess strong analytical and communication skills (both written and verbal). Proficiency in Word and Excel are required. We are looking for accomplished team players who seek a rigorous and challenging environment for their career development.
Bernstein Global Wealth Management will sponsor required series 7 & 63 licenses. Associates are required to take exams and pass within the first nine months of employment.