Managing Director, UHNW Family Wealth Advisor | Austin, TX

Our client is a privately owned, SEC-registered investment adviser serving ultra-high-net-worth families, family offices, foundations, and endowments across the United States. It combines investment advice with the services a family office would otherwise run in-house: tax and accounting, estate and philanthropic planning, family governance, insurance and risk, and support around business sales and other transactions, with trust and fiduciary services available through an affiliated trust company.

The firm has an established Austin practice and is adding a senior family wealth advisor.

You will join the Austin team as a senior advisor to ultra-high-net-worth families. You will share lead responsibility for long-standing family relationships with senior colleagues, take on more ownership over time, and help grow the practice through new relationships.

Most of the families are first-generation, much of it built in technology through IPOs, mergers, and company sales, and in real estate. The firm often advises across a family’s full balance sheet, acting as each family’s investment lead, working closely with the family’s own attorneys and accountants. Many families use only part of what the firm's offering, so there is room to serve existing clients more broadly as well as to win new ones.

A central research team sources and selects outside managers across public and private markets, including private equity, private credit, and private real estate. Advisors own each family’s strategy, from the investment policy statement through to implementation. The firm primarily invests through outside managers rather than building portfolios of individual stocks.

• Co-lead established UHNW family relationships with senior colleagues, taking on more ownership over time
• Lead each family’s investment strategy: investment policy, asset allocation, portfolio construction, spending policy, asset location, and custodian selection
• Coordinate each family’s attorneys, accountants, banks, and lenders
• Plan ahead of IPOs, company sales, and other liquidity events with the firm’s transaction and tax specialists, including pre-transaction tax planning and concentrated stock
• Advise on estate, trust, and fiduciary planning, family governance, and philanthropy, working with each family’s legal counsel and bringing in specialists where needed
• Engage the next generation where wealth is passing down, and develop the junior advisors and associates on the team

Practice growth

• Introduce the firm’s wider family office services, where they fit a family’s needs
• Win new UHNW relationships through referrals, professional advisors, and Austin’s founder and investor community
• Build the firm’s standing with Austin estate attorneys and accountants, and represent it at industry and client events
• Managing Director level today, or a Director/Executive Director clearly on the cusp of MD at a private bank, wealth manager, or multi-family office
• Significant experience leading relationships with UHNW families. This role is not a step up from a high-net-worth practice. Families at this level expect an advisor who has already operated at it, and candidates without that record will not be considered.

• Bachelor’s degree; CFP or CFA strongly preferred; MBA or JD a plus
• Series 65, or the ability to obtain it within 90 days of joining
• Investment depth across public and private markets, and confidence leading investment conversations with founders and executives
• Trust, estate, and tax knowledge
• Direct experience with concentrated stock and with families going through an IPO or sale
• A record of spotting a family’s next issue before the family raises it, whether a liquidity event, an estate gap, or a concentration risk, and seeing…