Wealth Advisor with a Family Office Specialty

As a fee-only, independent Registered Investment Advisor (RIA), Capstone provides personalized wealth management to high-net-worth clients, tailoring our services to meet each client’s unique needs and circumstances.

We are proud to be 100% employee-owned and believe in fostering a work environment that supports both professional and personal growth.

At Capstone, you’ll have the opportunity to collaborate with a dynamic, team of professionals. Our Service Teams, made up of Wealth Advisors, Financial Planners, and Client Service Specialists, work together to deliver exceptional service to our clients.

About the Role:

The Wealth Advisor role in the firm is typically filled by high potential members of the client service team who possess core technical, client relationship, and interpersonal skills that form the basis for the progression to the Senior Wealth Advisor role. The Wealth Advisor plays a “dual role” during their development as they provide professional support to Senior Wealth Advisors’ clients, while concurrently developing and growing their own practice. Wealth Advisors also actively seek to obtain new clients by developing their strategic relationships and community networks. 

The Wealth Advisor with a Family Office Specialty builds on this role with a specific focus on family office clients. It expands the firm’s service model, incorporating a deeper and broader scope of advice and service-related activity. The focus of this role is to provide technical, operational, and relationship management support to a select group of the firm’s largest and most complex clients.  

Duties and Responsibilities

Financial Planning and Advisory

• Assist in helping families to formalize and achieve financial objectives
• Prepare and maintain detailed reports and documentation across all planning areas
• Help to analyze financial and wealth management models across all planning areas
• Support the implementation of recommendations across all planning areas

Tax Compliance and Planning

• Assist in the preparation and review of individual, trust and business entity tax returns
• Help monitor changes in tax regulations and ensure families remain in proper compliance
• Support tax planning strategies from both an income and estate tax perspective
• Interface with tax preparers and external service providers for tax-related matters

Investment Management

• Oversee overall portfolio construction in a manner consistent with firm and family investment philosophy
• Monitor asset allocation and asset placement across various family investment and estate planning vehicles to ensure adherence to overall model targets
• Support selection and implementation of investment strategies across various asset classes (stocks, bonds, real assets, etc.), including both public market and private market holdings, as determined in coordination with the firm’s CIO
• Conduct due diligence on public market and private market family-sourced investment opportunities in coordination with the firm’s CIO

Legal, Estate and Compliance Analysis

• Review and analyze legal agreements related to trusts and business entities, business operations, investments, and other financial-related legal matters
• Work with outside legal counsel to assist in preparing and managing documents related to wealth transfer strategies, including estate and gift planning
• Support the execution of wealth transfer plans and communications with heirs and other beneficiaries
• Assist in ensuring compliance with business and entity registrations and regulatory reporting requirements

Risk Management and Insurance

• Analyze exposure across various assets (real estate, personal property, business holdings, etc.)
• Coordinate with outside professionals to ensure appropriate property insurance coverage for homes, vehicles, yachts, aircraft, and other high-value items; proper liability insurance for personal and professional liability risks, and proper business insurance for family-owned businesses

Cash Flow and Liquidity Management

• Ensure adequate liquidity reserves for the families’ day-to-day needs, planned and unplanned lifestyle expenses, and periodic capital investments
• Closely monitor and plan for cash flow needs for specific bill payment managed by the firm on behalf of the families, household-related expenses, and other operational expenses
• Work with administrative and operational support team members to manage bookkeeping tasks and ensure timely and accurate processing of payments

Family Governance and Succession Planning

• Help organize and document family meetings and discussions
• Assist in strategy discussions related to management and control of family-owned businesses
• Support the implementation of philanthropic goals through foundations and donor-advised funds
• Assist with analysis and discussions regarding succession planning
• Act as a conduit for family stewardship objectives to be passed between generations
• Mentor, educate and build relationships with second-generation family members
• Work directly with second-generation family members on their separate planning needs

Administrative Responsibilities

• Coordinate and maintain accurate financial records and documentation
• Prepare net worth statements, tax projections and other financial reporting for analysis and distribution to family members and outside service partners
• Assist with operational improvements to the service model and ongoing new business development strategies

Required Skills and Abilities

• Experience in a financial advisory role, preferably in an ultra-high net worth or family office environment
• Must be technically proficient, critically-thinking, relationship-oriented, advocacy-minded, passionate about the service model and have excellent organizational and communication skills
• Ability to work collaboratively with advisory and operational team, senior management, and external professionals

Education and Experience

• Bachelor’s degree in finance or accounting suggested
• JD and/or CPA preferred; CFP a plus

Benefits

• Competitive salary
• Bonus program
• Paid Time Off (national holidays, personal time, birthdays, community service activities)
• Flexible work options (up to 2 remote working days each week, summer hours, early holiday departures)
• Health/Insurance benefits (medical, dental, vision, life insurance, short- and long-term disability)
• Parental leave
• 401(k) retirement plan with company contribution
• Flexible spending account
• On-site, health club membership
• Reimbursement for relevant professional certifications and membership fees

 Recent Capstone Accolades*

• Crain’s Chicago Business’ 2024 Best Places to Work in Chicago
• InvestmentNews’ Best Places to Work for Financial Advisors for 2024
• 2024 Best Places to Work in Illinois

Capstone Financial Advisors is committed to fostering an inclusive and diverse environment where all individuals feel welcomed and respected. We are an Equal Opportunity Employer and encourage individuals from all backgrounds to apply.

Visit us at: www.capstone-advisors.com

*Rankings published by magazines, and others, generally base their selections exclusively on information prepared and/or submitted by the recognized advisor. Rankings are generally limited to participating advisors. Capstone Financial Advisors does not pay fees to be considered for any ranking or recognition.