Job description
Overall Function:
An Investment and Financial Planning Associate/Associate Wealth Management Advisor (AWMA) may act on behalf of the employing wealth management advisor to prospect, prepare materials, maintain and service advisory accounts (including conducting annual reviews). Specific responsibilities may include some, or all, of the duties of an Associate Financial Representative (Registered), as well as.
Support
- Handle case notes, processing correspondence, maintaining client case files and filing performance reports, account forms and other advisory paperwork
- Maintaining financial representative’s calendar, scheduling and attending follow-up appointments
- Responding to home office account inquiries
- Maintaining annual review notes in Envestnet and mailing annual review letters to clients
- Monitoring and stocking marketing materials for Signature advisory programs
- Monitoring industry trends and research
- Ensuring NMIS and NMWMC compliance requirements are implemented and followed
Proposal and Case Preparation
- Gathering information for WMA meetings with client/prospect
- Preparing advisory annual review information
- Preparing and modifying plans (PXs) and investment/advisory proposals
- Preparing letter of instruction for client signature
- Preparing investment policy statement, needs-based analysis or financial plan
- Recommending fund portfolio options
Processing Accounts
- Preparing and processing all paperwork needed for investment/advisory accounts
- Monitoring, processing and following up on asset transfers and on initial and subsequent funding of advisory accounts
- Implementing initial and subsequent asset allocation trades
- Identifying need for switch letter and mailing appropriate forms to clients
- Discussing potential rollover opportunities from other retirement plans for variable and mutual funds
- Processing proposal amendments, monitoring alerts and annual reviews in Envestnet
- Executing buy or sell orders and rebalancing orders in Envestnet and maintaining asset allocation
- Following up on trade rejects and resolving all trade-related issues
- Monitoring holdings for program eligibility and administering advisory accounts
Advisory Client Meetings
- Meeting with advisory clients for fact finding and conducting existing advisory client reviews
- Completing risk tolerance (personal profile) questionnaire with client
- Making security recommendations and modifying asset allocations for existing advisory client accounts
- Participating in client meetings for financial or investment plan development or presentation
Client Service
- Corresponding with clients to handle advisory related service issues
- Contacting clients on behalf of the WMA for developing advisory plan and providing technical explanations of investment plan
- Explaining advisory products or advisory performance to existing clients
- Providing services and administering advisory products
- Accepting redemptions/withdrawals from clients and communicating instructions to home office
- Discussing tax consequences, costs and advisory fees
- Maintaining daily tickler system for account follow-ups and service requirements
- Performing cashiering functions
- Running performance reports in Envestnet, Morningstar and NMCIR
Qualifications:
- General Securities Registered (Series 7*)
- Preferred to hold a valid Life, Health and Accident License - or ability to complete this within 30 days of accepting the opportunity if offered
- 4+ years in securities industry with experience in advisory required
- The following insurance designations are preferred: CLU, ChFC, CLTC or CFP
- Trading experience, ability to process personal securities transactions
- High degree of technical skills including experience with Microsoft applications, data entry and information retrieval software
- Excellent oral and written communication skills
- Strong critical thinking, financial analysis and problem-solving skills required
- Ability to manage multiple diverse projects and assignments in a timely and quality manner
- Strong attention to detail with the ability to work with a high degree of accuracy
- Demonstrated ability to maintain effective working relationships with clients
- Ability to look beyond the obvious and not stop at the first answers
- Willingness to learn
- Ability to embrace change and work in a fast-paced environment
- Able to work both independently and in a team
- Ability to maintain confidentiality
- Ability to work in the office (not hybrid) Monday – Friday, with the exception of holidays, PTO, etc.
Job Type: Full-time
Pay: $60,000.00 - $65,000.00 per year
Benefits:
- Dental insurance
- Financial planning services
- Health insurance
- Paid time off
- Retirement plan
- Vision insurance
Experience:
- Financial services: 2 years (Preferred)
License/Certification:
- Series 7 (Required)
- Life & Health Insurance License (Preferred)
Ability to Commute:
- Phoenix, AZ 85016 (Required)
Ability to Relocate:
- Phoenix, AZ 85016: Relocate before starting work (Required)
Work Location: In person
Job Type: Full-time
Pay: $60,000.00 - $65,000.00 per year
Benefits:
- Dental insurance
- Health insurance
- Paid time off
- Vision insurance
Work Location: In person
