What are the responsibilities and job description for the Head of Private Wealth Consulting position at MassMutual?
For more than two decades, MassMutual Private Wealth & Trust Company has provided complex investment, fiduciary, trust, and concierge service capabilities designed to position MassMutual in the private wealth market.
About Our Business
The business' objective is to attract and retain financial advisors and their high net-worth clients by offering private client solutions tailored to the more complex needs of higher net-worth families. We have grown to over $5B in assets under management, and the role of Head of Private Wealth Consulting sits at the epicenter of our business model.
You will provide expertise in partnering with financial professionals to strengthen their practice and better position these advisors in the private wealth segment. You will guide advisors in securing affluent family assets by providing complex investment, estate planning, fiduciary, and private client solutions.
Mission Statement
Our mission is to enable MassMutual Wealth Management to thrive in the high net-worth market by providing competitive solutions and expertise that guide advisors and clients through complex investment, estate, tax, and trust solutions that help clients secure their futures and protect the people and causes they care about.
Leadership Role
This leadership role is critical in driving the success of our private wealth business. You will be in a position to inspire a team to exhibit the value of the Private Wealth & Trust business by leading a team of 4 private wealth consultants and serve as both a business leader and key thought leader for designing and implementing strategies to better position the MassMutual Private Wealth & Trust Company within the private wealth segment.
Responsibilities
You will operate as the head of Private Wealth Consulting while also overseeing a team of highly credentialed new business experts. The head of Private Wealth Consulting is responsible for advancing estate, trust, investment and private wealth service solutions tailored to the more complex needs of higher net-worth (HNW) clients.
Provide a critical voice as a member of the senior leadership team and report directly to the President of MassMutual Private Wealth & Trust. Bring an understanding of portfolio management, wealth transition solutions, and estate planning strategies and, with this understanding, help coordinate wealth, tax, trust and investment experts to create a compelling solution-set that helps to differentiate the advisor and the Private Wealth & Trust Company.
Act as a key resource to develop product solutions to meet the more sophisticated needs of private wealth clients. Provide advanced consultation on case design by identifying client needs, developing strategies to meet their needs, and ultimately delivering an appropriate tax and trust solution.
Demonstrate ability to communicate complex strategies and financial concepts in an easily understood manner for financial advisors and clients. Provide thought leadership on behalf of the Private Wealth & Trust Company (internally and externally), monitor market factors and industry trends.
Use subject matter expertise to design marketing strategies and advisor collateral articulating MassMutual's Private Wealth and Trust value proposition. As a key member of the senior leadership team, you will be responsible for bringing product, marketing and the voice of our stakeholders into the design and development of the MassMutual Private Wealth & Trust company's long-term strategy.
Requirements
We are seeking someone with 8 years of experience in wealth management, with specific experience in the private wealth segment. This would include the positioning of investment, fiduciary, and private client services.
Experience in the more complex high net-worth wealth management market segments is required. Ability to travel 25% is also necessary.
Extensive experience with complex investment, estate planning, tax, financial planning, trust, and private client solutions tailored to the HNW market segment is essential.
About MassMutual
MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. Veterans are welcome to apply, regardless of their discharge status. If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
