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Investor Services Associate - Blackstone Private Wealth Solutions (PWS)

Key Information:

• Job Category: Full-Time Experienced Hire (Non-Campus Hiring Role)
• Business Unit: Private Wealth Solutions (PWS)
• Location: New York, NY, United States
• Base Pay/Salary: $135,000 - $145,000

About Blackstone

Blackstone is the world’s largest alternative asset manager, managing approximately $1 trillion in assets. The firm seeks to create long-term value and positive economic impact for its investors, the companies it invests in, and the communities where it operates. Blackstone’s diverse portfolio includes investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic investments, non-investment grade credit, real assets, and secondary funds. Blackstone leverages its global presence, exceptional talent, and flexible capital to help companies solve complex problems and drive growth. More information is available at www.blackstone.com, and you can follow Blackstone on LinkedIn, Twitter, and Instagram.

About the Role: Investor Services Associate

Program Overview:

Blackstone’s Private Wealth Solutions (PWS) team is responsible for delivering customized investment products across Blackstone’s global footprint to meet the needs of individual investors and smaller institutions. This team collaborates with Blackstone’s investing businesses in every major asset class to create bespoke products that address the specific asset allocation and portfolio construction objectives of these clients. The PWS team works directly with financial advisors and wealth management professionals to provide education on alternatives and Blackstone’s solutions, extending the firm’s reach to smaller foundations, endowments, and insurance companies.

The Investor Services Associate role is ideal for professionals with 5+ years of industry experience who exhibit strong technical, analytical, and communication skills. The role involves a wide range of responsibilities, including managing inquiries from financial advisors, coordinating with other Blackstone business units, and supporting the execution of various projects within the PWS team.

Your Role

As an Investor Services Associate within Blackstone’s PWS team, you will:

• Field Inquiries: Manage inquiries from financial advisors and internal sales teams regarding Blackstone’s investment offerings.
• Liaise Across Teams: Collaborate with other Blackstone business units, transfer agents, and third-party service providers to resolve client issues, handle problem resolution, and conduct reconciliations.
• Project Management: Lead project management initiatives across various groups within PWS to enhance collaboration and operational efficiencies.
• Operational Procedures: Identify and document operational procedures for ongoing fund maintenance on multiple platforms.
• Expertise Development: Develop a deep understanding of distribution partners’ operational platforms and processes, becoming the go-to Blackstone expert for financial advisors.
• Client Support: Assist financial advisors with problem resolution related to account openings, maintenance, client onboarding, and other inquiries, ensuring a smooth and efficient client experience.
• Ad Hoc Projects: Support PWS business initiatives by engaging in ad hoc projects and research as needed.

Your Expertise

Blackstone is seeking candidates who:

• Educational Background: Hold a Bachelor’s Degree.
• Industry Experience: Have 5+ years of financial industry experience, with a strong understanding of high-net-worth clients and financial advisor operating models.
• Certifications: Possess Series 7 and Series 63 licenses (preferred).
• Technical Skills: Are proficient in Excel and possess strong verbal and written communication skills.
• Attention to Detail: Demonstrate exceptional attention to detail and accuracy in their work.
• Problem-Solving Ability: Exhibit strong analytical skills and the ability to identify and resolve issues effectively.
• Project Management: Have the capability to manage multiple projects simultaneously in a deadline-driven environment.
• Collaboration: Are highly motivated, adaptable, collaborative, and proactive, with the ability to work both independently and as part of a team.
• Operational Knowledge: Have a strong understanding of alternative investment fund and operational terms, which is helpful but not mandatory.

Compensation and Benefits

• Base Salary: $135,000 - $145,000 annually (actual base salary will be determined based on the individual’s experience, skills, qualifications, and job location).
• Additional Compensation: Base salary does not include other forms of compensation or benefits offered for the role.

Equal Employment Opportunity

Blackstone is committed to providing equal employment opportunities to all employees and applicants, regardless of race, color, religion, sex, national origin, age, marital status, sexual orientation, gender identity, disability, veteran status, or any other protected status in accordance with applicable federal, state, and local laws. This policy applies to all terms and conditions of employment, including hiring, promotion, compensation, and training.

Additional Information

If you require a reasonable accommodation to complete your application, please contact Human Resources at [email protected].

Licensing Requirements: Depending on the role, candidates may be required to obtain certain securities licenses, particularly if they are in client-facing roles or involved in activities such as attending client meetings, marketing Blackstone funds, supervising licensed employees, structuring funds, or advising on marketing plans.