What are the responsibilities and job description for the Tax and Wealth Advisor position at Ark Financial?
The Family Office Director is responsible for guiding and overseeing the financial and strategic planning for multiple entrepreneurial families. The candidate will provide expertise to families who have yet to experience wealth transition and are still actively involved in their primary businesses. This pivotal role requires an adept understanding of wealth management, business operations, and the unique challenges facing active entrepreneurs.
Ark Financial
The Ark Financial Mission is to Glorify God and transform the financial industry by serving clients better. While most financial service firms provide monolithic financial solutions based on their in-house products, heritage models, and shrouded information, Ark was formed with transparency, advocacy, and innovation at the core. We believe every family lives more abundantly with a Family Office, and so we have set out to bring the Family Office to every family in the world. A Family Office is more successful at driving towards a family’s goals and objectives because it can successfully coordinate across multiple disciplines, including finance, tax, legal, insurance, and good old-fashioned organization.
Ark Financial Vision
Our vision is that one day everyone will have a family office.
Tax and Wealth Advisor
The Ark Family Office Operating System is implemented by the Tax and Wealth Advisor, an individual responsible for leading and guiding the family and all supporting advisors to achieve the family’s goals and objectives. The Tax and Wealth Advisor serves best by managing, driving, and prioritizing the advisors and resources supporting and interacting with the family. Trust and relationships are at the core of this role. A Tax and Wealth Advisor must build trust with the client’s family through sound decision-making and advice and then nurture that relationship to ensure retention.
Key Responsibilities:
Strategic Planning & Governance:
Education:
With a full client load, this model projects an average annual income in the range of $250,000–$350,000. While you are building your client load, you will have access to a monthly recoverable draw. Best of all, there is no income cap or ceiling on your earning potential—candidates have the freedom to grow their book of business as large as they desire, maximizing both their impact and income.
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Ark Financial
The Ark Financial Mission is to Glorify God and transform the financial industry by serving clients better. While most financial service firms provide monolithic financial solutions based on their in-house products, heritage models, and shrouded information, Ark was formed with transparency, advocacy, and innovation at the core. We believe every family lives more abundantly with a Family Office, and so we have set out to bring the Family Office to every family in the world. A Family Office is more successful at driving towards a family’s goals and objectives because it can successfully coordinate across multiple disciplines, including finance, tax, legal, insurance, and good old-fashioned organization.
Ark Financial Vision
Our vision is that one day everyone will have a family office.
Tax and Wealth Advisor
The Ark Family Office Operating System is implemented by the Tax and Wealth Advisor, an individual responsible for leading and guiding the family and all supporting advisors to achieve the family’s goals and objectives. The Tax and Wealth Advisor serves best by managing, driving, and prioritizing the advisors and resources supporting and interacting with the family. Trust and relationships are at the core of this role. A Tax and Wealth Advisor must build trust with the client’s family through sound decision-making and advice and then nurture that relationship to ensure retention.
Key Responsibilities:
Strategic Planning & Governance:
- Develop tailored strategies for wealth preservation and growth, respecting each family's unique dynamics and entrepreneurial background.
- Establish governance frameworks to guide family members in wealth and business-related decisions.
- Oversee the portfolios of multiple families, ensuring diversification and alignment with individual financial and business goals.
- Provide insights into asset allocation, given the active involvement of entrepreneurs in their businesses.
- Implement strategies for financial risk mitigation, especially considering the business exposures of each family.
- Advise on tax-efficient strategies that account for both personal and business incomes.
- Develop estate planning approaches tailored to first-generation wealth scenarios.
- Implement operational standards across different family offices for consistent reporting and security.
- Promote technology solutions that accommodate the diverse needs of multiple families.
- Facilitate educational programs tailored to first-generation wealth holders.
- Drive succession planning, considering the active business engagements of the entrepreneurs.
- Cultivate relationships with each family, understanding their unique needs and business engagements.
- Facilitate transparent communication between the family office and individual family stakeholders.
- Guide families in their philanthropic endeavors, recognizing the values of first-generation wealth holders.
- Propose impact investment opportunities that resonate with each family's ethos.
- Ensure compliance across different family financial activities, considering the business engagements of the entrepreneurs.
- Foster positive relationships with financial regulators, ensuring the interests of each family are represented.
- Prepare for unforeseen financial or business crises, tailored to the complexities of active businesses.
- Develop contingency plans that safeguard both personal wealth and business interests.
- Oversee the hiring and training of staff across different family offices.
- Promote a culture of respect, understanding the nuances of working with first-generation wealth holders.
Education:
- Bachelor's degree in finance, Business Administration, Accounting, or a related field required.
- MBA, CFP, CFA, CPA, or other advanced certifications highly preferred.
- Minimum of 10 years of experience in wealth management, family office services, or financial advisory roles.
- Proven track record working with entrepreneurs, high-net-worth individuals, or ultra-high-net-worth families, with expertise in managing complex financial structures.
- In-depth understanding of estate planning, tax strategies, and succession planning for high-net-worth families.
- Strong familiarity with legal entity structures (LLCs, S-Corps, C-Corps) and their implications on tax efficiency and asset protection.
- Proficiency in financial modeling, cash flow analysis, and key financial metrics like ROI, IRR, and EBITDA.
- Experience managing investments, including portfolio diversification, alternative investments, and risk mitigation strategies.
- Exceptional interpersonal and communication skills, with the ability to build trust and manage sensitive family and business dynamics.
- Demonstrated ability to develop and implement strategic financial plans tailored to client goals.
- Collaborative team player with experience coordinating across legal, tax, and operational teams.
With a full client load, this model projects an average annual income in the range of $250,000–$350,000. While you are building your client load, you will have access to a monthly recoverable draw. Best of all, there is no income cap or ceiling on your earning potential—candidates have the freedom to grow their book of business as large as they desire, maximizing both their impact and income.
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Salary : $250,000 - $350,000
