The posting
Our client is a boutique wealth management firm. They are seeking an Associate Financial Advisor to help take their growing practice to the next level. They are a tight-knit team that takes care of each other and produces at an extremely high level, and the ideal candidate for the role would have these qualities as well.
They hold true to our credo and guiding principles that the client always comes first, integrity always, striving for excellence, and serving their community. Helping their clients achieve their financial goals is our top priority, and they have been accomplishing this for more than 25-years.
The primary function of this role is to help conduct the operation of a financial advisory practice. Assist financial advisor(s) to help clients achieve their financial goals. The franchise owner will lead you to hone your skills, build a base of clients, and create a unique client experience for the practice. This position will consistently follow high standards of business and professional ethics and legal and regulatory requirements. They are specifically looking for someone with a strong business development acumen.
This role provides client and practice support through managing client data, preparing financial plans and other deliverables, coordinating/tracking projects, organizing client seminars and other practice management tasks as needed. Responsibilities and time allocation will change over time to meet the needs of the practice and can include other duties as assigned by the advisor.
Position functions:
Marketing and client acquisition
- Develop and implement annual marketing plan to meet client acquisition goals
- Drive client acquisition using referral program, network marketing, and natural markets
- Contact clients and prospects to set up meetings or appointments
- Coordinate seminars and client appreciation events
- Implement online marketing initiatives (website, social media)
- Implement local advertising and media relations
Financial planning and advice
- Identify clients to engage in planning relationships
- Prepare planning discussions and deliverables for client meetings
- Gather and enter client data into Financial Planning Tool Suite
- Perform case analysis and develop recommendations
- Conduct and participate in client meetings to deliver recommendations and advice
- Answer questions for clients and hold clients accountable
Product solutions
- Assess the client's risk tolerance, goals, and time frame
- Recommend portfolio and product solutions that persuade clients based on their needs
- Develop product deliverables
- Conduct transactions and execute trades to align with portfolios on behalf of clients
- Monitor economy, markets, and world events to determine strategic rebalancing
- Manage wholesaler relationships
Business management and client care
- Review and implement work methods and procedures for quality improvement
- Delegate work and provide feedback, training and technical/general support
- Set up and maintain files, records and client management system
- Ongoing communication with clients including email, phone calls and letters
Key traits of a successful associate financial advisor:
- Acquire and develop new business by sourcing prospective clients and presenting planning strategies
- Ability to recommend suitable investment products and services
- Success at planning/managing resources and high level of interpersonal skills
- Ability to adhere to rules and regulations as required by advisor and company
- Ability to support and provide guidance for compliance
- Current client database preferred
Compensation and Benefits:
- Compensation is commensurate with experience and consists of a salary and bonus structure.
- They also offer insurance reimbursement, PTO, 401k
