Principal, Family Office Advisory
Website Northwood Family Office
Northwood Family Office is Canada's leading multi-family office, offering integrated planning, investment management, wealth administration and family engagement for families of wealth.
Description of the Role
The individual will be primarily responsible for the following:
- Serving as a key relationship manager for a select group of ultra-high-net-worth clients, often taking ownership of significant aspects of the client relationship.
- Leading complex planning initiatives, with a primary emphasis on tax strategy, planning, and investments, ensuring proactive management of client needs.
- Overseeing and cultivating relationships with external advisors, including tax professionals, investment advisors, legal counsel, bankers, and insurance providers.
- Developing and implementing tailored wealth strategies aligned with each client’s goals, with a focus on long-term planning and wealth preservation.
- Managing ongoing financial reporting requirements, delivering customized reports and insights that reflect the unique requirements of each client.
- Coordinating accounting and tax compliance processes, working closely with external bookkeepers and accountants to ensure accuracy and timeliness.
- Leading and mentoring junior team members (Associates and Analysts), providing continuous feedback, professional development support, and guidance to enhance performance and growth.
- Advancing the firm’s expertise in tax matters by staying current on industry developments, sharing insights through presentations, and providing internal education and cross-team support when needed.
Skills and Experience
- CPA designation with 10+ years of post-accreditation experience.
- Minimum 5 years experience in high-net-worth tax planning for private clients.
- Proven ability to lead complex planning engagements, work collaboratively with external professionals, and guide clients towards well-informed decisions.
- Skilled in managing a wide range of special projects with a pragmatic, solutions-driven approach.
- A hands-on approach and willing to tackle all projects – both big and small and contribute meaningfully at every level.
- Strong project management skills, organization, and attention to detail.
- Exceptional client relationship management skills, with high emotional intelligence (EQ) and the ability to build trust.
- Exceptional written and verbal communication skills, with the ability to articulate complex financial concepts clearly and confidently
- Advanced analytical and problem-solving abilities, with a proactive approach to identify and resolve client issues.
- Self-starter with a high level of initiative, capable of working independently while contributing to team success (including mentorship of junior staff).
- Commitment to continuous learning, with a desire to develop specialized expertise and build a long-term career in the family office space.
- Proficiency in the Microsoft Office Suite.
- Completion of an in-depth tax course is considered an asset.
- Investment knowledge or exposure is considered an asset.
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