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Director, Private Wealth Client Services

Cresset Reston, VA

  • Posted: over a month ago
  • Full-Time
Job Description

About Cresset
Private equity entrepreneurs Eric Becker and Avy Stein founded Cresset Capital Management with a vision to reinvent wealth management and with a firm belief that clients deserve better. Cresset offers individuals and families access to a comprehensive suite of family office services, deeply personalized wealth management, investment advisory, planning and other services through Cresset Asset Management, an SEC registered Investment Advisor, which has surpassed $20 billion in assets under management. Cresset Partners, our private investing group, offers clients direct access to real estate, private equity, and other investment opportunities. Since Cresset’s inception in 2017, the firm has grown to over 200 team members in more than eight offices throughout the United States.

Cresset is seeking a Director, Private Wealth Client Services with 10+ years of experience managing the administrative and private banking needs for high-net worth clientele. The candidate will serve as a primary point of contact for clients and collaborate with a portfolio manager to build strong relationships and to drive retention and growth by providing a superior experience.

Primary Responsibilities:

  • Serve as a primary lead for client onboarding, investment implementation, and private banking services
  • Create and implement a customized onboarding experience for high-net worth clients
  • Initiate account opening for complex entities
  • Transfer and reconcile assets from contra firms
  • Implement new investment strategies and hire managers as directed by Investment Committee
  • Process client subscription and redemption of alternative investments documents
  • Develop detailed asset reconciliation and portfolio activity reports
  • Operate on multi-custodial platforms
  • Attend and actively participate in quarterly client portfolio review meetings
  • Monitor quarterly client fee schedules
  • Serve as a liaison between Cresset and client CPA’s and attorneys
  • Manage tax document facilitation with client CPA’s
  • Assist internal Planning, Trading, Tax, and Reporting Departments with client related matters
  • Identify new technology and opportunities to enhance client experience and promote internal scalability

Qualifications and Characteristics:

  • Bachelor’s degree in Business, Finance, or a related field
  • 10 plus years’ financial services experience working with ultra-high net worth clients
  • Knowledge of Fidelity and Schwab custodial platforms a plus
  • Operate in a dynamic and fast-paced environment is essential
  • Approach problems with creativity, innovation, and tenacity
  • Possess a strong sense of urgency
  • Think strategically and operate independently
  • Multitask to successfully manage multiple assignments simultaneously
  • Evaluate and prioritize tasks to meet deadlines
  • Organize and create structure for client relationships
  • Collaborate and provide meaningful input to the team
  • Adapt, improvise, and overcome challenges
  • Quickly and efficiently process and absorb information
  • Strong attention to detail to achieve thoroughness and accuracy when accomplishing a task
  • Establish and maintain positive working relationships with clients, peers, CPAs, attorneys, and other professionals
  • Proactively approach problem solving with strong decision-making capability
  • Proven ability to handle confidential information with discretion and demonstrate the highest level of client service, ethics, and integrity
  • Excellent communication skills, both written and verbal
  • Proficient in the use of Salesforce, Microsoft Office programs including Word, Excel, PowerPoint and Outlook

What We Offer
Cresset offers a competitive benefits package to full-time regular employees including medical, dental, vision, life insurance, 401(k) retirement plan, flexible spending, dependent care, pre-tax transportation, and unlimited vacation. All employees receive equity in Cresset.



Reston, VA
20190 USA



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