Blackstone

Blackstone Private Wealth - Product Specialist, Associate

New York Full time

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedInX, and Instagram.

Blackstone Private Wealth was established to answer the growing demand for Blackstone products from high-net worth investors. Partnering with many of the world’s largest private banks and wealth management firms as well as family offices, Blackstone’s Private Wealth team packages and delivers the full breadth of Blackstone’s alternative product capabilities to these firms and their clients and provides ongoing product and advisor support, as well as education and training around alternative investments.
 

We leverage the global scale platforms across Private Equity, Secondaries, Real Estate, Infrastructure, Credit, Tactical Opportunities and Hedge Fund Solutions to structure single asset class and multi-asset solutions to fit into clients’ asset allocation and portfolio construction objectives. Blackstone manages $290 billion of capital from Private Wealth clients.
 

Blackstone Private Wealth is globally positioned, with offices in New York, London, Zurich, Paris, Singapore, Hong Kong and Tokyo and works with many of the world’s largest wealth management institutions, independent wealth managers and family offices.

Job Description:

Product Specialists in Private Wealth play an integral role in providing investment detail to client stakeholders.  They cover the entire product lifecycle, from fundraising through investment and return-of-capital.  They provide domain knowledge and expertise on investments, performance, market dynamics, and competitors.  Product Specialists have key internal and external stakeholders, including BX investment teams, Private Wealth sales professionals, various due diligence teams, financial advisors, and end-clients.

The Product Specialist will focus on Blackstone’s Private Equity strategies and products. This includes direct coverage of relevant strategies and providing strategic support to Private Wealth stakeholders executing sales initiatives across global channels. The role may provide opportunities to engage with clients and serve as a representative of Blackstone’s investment businesses to Wealth investors.
 

Primary job responsibilities will include:

  • Assist in answering a broad range of client and sales team inquiries about Blackstone’s products, market views, etc.
  • Analyze the competitive landscape through reviewing peers’ filing documents, presentations, etc., and distill key qualitative and quantitative takeaways.
  • Shephard client-facing work through Blackstone’s Legal & Compliance infrastructure.
  • Work across other Private Wealth business functions in supporting product initiatives such as Marketing, Sales, Investor Services, Finance, etc.
  • Enhance capital markets acumen to help contextualize Blackstone’s offerings in a diversified investment portfolio.
  • Help identify areas of improvement across the team’s current processes to increase efficiency of information sharing, communication with sales, global coordination, etc.
     

Qualifications:

  • 3+ years of experience within Investment Banking, Investment Sales, or Asset Management.
  • Series 7 and 63 or ability to obtain within a year of employment; CFA/CAIA a plus.
  • Working knowledge of the Alternatives industry/competitive landscape and desire to learn more.
  • Experience with Private Equity markets and investing, through a wealth lens is a plus.
  • Strong verbal and written communication skills to distill complex investment topics for end-users.
  • Strong interpersonal skills to develop productive professional relationships with sales teams, investment teams, and other internal stakeholders.
  • Proficiency with a variety of analytical tools (Microsoft office, Morningstar Direct, Bloomberg).


The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position.  Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range:

$125,000 - $175,000

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training.  All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

  • Attending client meetings where you are discussing Blackstone products and/or and client questions;

  • Marketing Blackstone funds to new or existing clients;

  • Supervising or training securities licensed employees;

  • Structuring or creating Blackstone funds/products; and

  • Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis.  Please speak with your Blackstone Recruiting contact with any questions.

To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.