Practice Integration Associate
Role Profile Summary
The Practice Integration Associate's role is to support the Finance Department and all mergers, acquisitions, and strategic business partnerships. This role is a team member who collaborates with the firm’s ELT, other LT members, and private wealth advisors to ensure world-class service to our clients.
Core Responsibilities
· Execution of the strategy for all Mergers, Acquisitions, and Strategic Partnerships
· Work with all Merger and Acquisition partners to integrate their team, workflow, client database, and systems into the firm’s method.
· Develop and execute integration strategies for newly acquired and merged practices. This involves collaborating with various stakeholders, conducting thorough assessments, and creating a detailed integration plan to ensure a seamless transition and alignment with the firm's goals.
· Relationship Management: Building and maintaining strong relationships is crucial in this role. The Practice Integration Associate is responsible for fostering positive relationships with acquired practice owners, key personnel, and internal stakeholders. This includes effectively communicating integration plans, addressing concerns, and ensuring a smooth transition while upholding the firm's values and culture.
· The Practice Integration Associate should demonstrate strong project management skills to oversee the integration process effectively. This involves coordinating cross-functional teams, managing timelines, setting clear goals, and monitoring progress.
· Guide acquired practices through the transition process, addressing resistance, and facilitating buy-in from key stakeholders. This requires effective communication, empathy, and the ability to navigate cultural differences, ensuring a smooth and successful integration while minimizing disruption.
· Assist in the preparation and analysis of performance reports, including key performance
indicators (KPIs) and financial metrics, ensuring accuracy and clarity for stakeholders.
- Collect and organize data from various sources, ensuring data integrity and consistency for reporting purposes.
- Collaborate with finance, and operations teams to gather necessary data and ensure that reports align with organizational goals and compliance requirements.
Firm Leadership and Development
· Member of the Mergers, Acquisitions, and Strategic Partnerships Committee
· Supports and helps execute the firm's strategic initiatives.
· Support the corporate culture of the firm.
Team Management & Development
· Recruits, trains, develops and retains operations team talent.
· Oversees the daily workflow of the department.
· Provide constructive and timely performance evaluations.
Business Development
· Contributes to building the brand through active participation in marketing, professional, and charitable initiatives organized by the firm and a strong community presence.
· There are no direct business development requirements around private client acquisition, but it is always welcomed and rewarded.
Qualifications
Required
o Bachelor’s degree with a major in finance, economics, accounts, financial planning or related field or equivalent business experience.
o 3-5+ years in the wealth management or insurance industry.
o Expertise with Microsoft Office suite of tools with an emphasis on Excel
o FINRA Series 7 & 63/65 (or obtained within 120-days)
o Life & Health License (or obtained within 120-days)
Preferred
o Have at least two of the following designations with one being primary.
Primary: FMVA, DIBA, CFA, CIMA, ChFC, CFP, CPWA,
Secondary: MBA, MSFS, RICP, ChFC, CLU
Key Characteristics
· Strong ability to cultivate, produce, and maintain relationships.
· Approachable, respectful, and inclusive communication.
· Ability to give and receive constructive feedback.
· Acknowledgement of strengths and limitations while maintaining an open mind.
· Self-confidence combined with emotional intelligence.
· Strategic thinking.
· Ability to maintain confidentiality.
· High business acumen with an understanding of key drivers of ROI/ROE and enterprise value.
· Thorough preparation and organization.
· Ability to embrace and lead change.
· Desire for continuous learning.
Location: Hybrid- 3x a week in Midtown office
Salary: 100-125k
