CWM, PWM, GS Family Office, Associate- San Francisco

Location(s) US-CA-San Francisco
Job ID
2021-77355
Schedule Type
Full Time
Level
Associate
Function(s)
Investment Management, Private Wealth Management
Region
Americas
Division
Consumer and Wealth Management
Business Unit
GS Family Office
Employment Type
Employee

MORE ABOUT THIS JOB

Consumer and Wealth Management (CWM)

Across Consumer and Wealth Management (CWM), Goldman Sachs helps empower clients and customers around the world reach their financial goals. Our advisor-led wealth management businesses provide financial planning, investment management, banking and comprehensive advice to a wide range of clients, including ultra-high net worth and high net worth individuals, as well as family offices, foundations and endowments, and corporations and their employees. Our consumer business provides digital solutions for consumers to better spend, borrow, invest, and save. Across CWM, our growth is driven by a relentless focus on our people, our clients and leading-edge technology, data and design.

 

PWM

Goldman Sachs Private Wealth Management (PWM) specializes in creating comprehensive wealth management plans for high net worth individuals and families, as well as select institutions, including foundations and endowments. PWM Teams work one-on-one with clients to advise and deliver customized strategies drawn from our deep investment experience, diverse wealth management capabilities and global reach. Our Private Wealth Advisors (PWAs) deliver an unparalleled investment platform inclusive of the full product and service offerings of Goldman Sachs and beyond, which may include tax and estate planning, philanthropic planning and private banking and lending services. As client needs evolve, this close relationship allows the team to offer complementary services and new opportunities by leveraging the resources of Goldman Sachs and beyond.

 

GS Family Office (GSFO) works in coordination with Private Wealth Advisors to develop strong ties with clients to deliver a full suite of wealth planning and family office services. GSFO is in search of an Associate to develop innovative wealth planning strategies and provide family office services to assist clients in meeting their income tax, estate tax, philanthropic and financial planning goals. We are looking for a hard-working and client-friendly individual with background in tax, trust and /or estate advisory.

RESPONSIBILITIES AND QUALIFICATIONS

HOW YOU WILL FULFILL YOUR POTENTIAL

  • Support a team of senior wealth advisors in assisting high net worth clients from an income, trust and estate and tax planning perspective
  • Prepare materials on all aspects of the transmission of wealth, including tax-efficient estate planning structures, sophisticated lifetime gifting strategies, the transfer of closely held businesses, charitable giving and the administration and restructuring of trusts.
  • Actively prepare for and participate in client meetings and follow up, as appropriate.
  • Develop and update wealth transfer models to demonstrate the benefits of various income, estate and gift planning opportunities
  • Summarize estate plans and entity structures; including preparation of financial exhibits
  • Assist in developing and tracking action plans to achieve financial goals (wealth transfer, income tax, charitable, capital sufficiency, etc...)
  • Assist senior team members in counseling clients on asset protection techniques and implementation
  • Interface with Trustees, Attorneys, Accountants, and other advisors and professional bodies in respect to private clients’ wealth planning
  • Develop philanthropic goals and implement related structures (e.g., DAF, private foundations)
  • Author topical publications related to wealth strategy and legislative changes
  • Coordinate and oversee the delivery of services for third party providers such as insurance, bill pay, domestic staff and other lifestyle services
  • Lead or participate in the efforts to embed innovation across GS Family Office and drive growth

 

WHERE WILL YOU MAKE AN IMPACT

 

Our Private Wealth Management business spans the globe; this role will be primary placed in San Francisco, Chicago or New York, but may cover clients across the United States

 

QUALIFICATIONS

  • Experience working with clients in structuring multi-generational wealth and estate planning strategies
  • Technical expertise in US tax legislation and tax implications of investment portfolios, estate planning entities, philanthropic entities, and other business activities, including impact of the Alternative Minimum Tax
  • Experience with state and local tax matters is preferable
  • Background in advising with the implementation of asset protection techniques
  • Experience in interfacing with Trustees, Attorneys, Accountants, and other advisors and professional bodies in respect to private client’s wealth planning
  • Deep interest in the financial markets and good investment sense/commercial instinct
  • Excellent interpersonal skills and a desire to work in a team oriented environment
  • Resourceful, self-starter, attentive to detail and capable of multi-tasking in a fast-paced environment
  • Experience of presenting to internal and external audiences
  • Ability to work in a fast-paced environment and think clearly under pressure
  • A minimum of two years of experience as an accountant, attorney or wealth professional
  • Bachelor’s Degree required; CPA and/or JD highly preferred
  • Securities Industry Essentials (SIE), Series 7 & Series 63 exams (must be obtained within first 3 months of employment)

ABOUT GOLDMAN SACHS

ABOUT GOLDMAN SACHS

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.

We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.

We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html



© The Goldman Sachs Group, Inc., 2021. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity