Associate Financial Advisor
Job Overview
Our client is a prominent financial planning and wealth management practice in St. Louis, seeking a highly motivated and detail-oriented individual to join their team as an Associate Financial Advisor. In this role, you will be integral to the commitment to delivering an exceptional client experience. This role will collaborate closely with client-facing advisors and other team members to ensure an exceptional client experience. The ideal candidate will be passionate about investment design, operations, and holistic financial planning.
Primary Responsibilities
Client Support:
- Drive the onboarding of new investment clients.
- Manage paperwork for investment accounts.
- Monitor and process asset transfers and funding.
- Assist in managing client relationships by providing exceptional service and promptly addressing client inquiries.
- Support the lead advisor by understanding the client’s financial goals and objectives and helping prepare and organize client information for advisory meetings.
- Prepare and organize client financial documents and reports for review.
- Take detailed notes during client meetings to document key discussion points, action items, and follow-up tasks.
- Execute client meeting follow-up tasks and ensure timely resolution of action items.
Portfolio Management:
- Develop tailored investment proposals and perform takeover analysis for new clients.
- Conduct in-depth portfolio analysis to support advisors in making informed investment decisions.
- Implement strategies for newly acquired client assets and execute trades in alignment with portfolio objectives.
- Monitor portfolio alerts and ensure timely resolution of any issues related to client investments.
- Execute trades for purposes like tax-loss harvesting and portfolio rebalancing.
- Assist in managing and reinvesting maturing securities to align with investment goals.
- Drive the scheduling and preparation for investment reviews, ensuring advisors have relevant and up-to-date information.
- Monitor holdings, track performance, and administer advisory accounts effectively.
- Coordinate with the investment team to manage daily operations efficiently.
- Ensure compliance with regulatory requirements by maintaining precise and current trading records.
Financial Analysis and Investment Planning:
- Assist in analyzing client portfolios and investment needs.
- Gather and interpret client data from discovery conversations for use in portfolio recommendations.
- Utilize financial planning software to generate investment modules and conduct various financial analyses.
- Support the development of comprehensive financial plans with an emphasis on investment planning.
- Conduct detailed financial analyses, such as cash flow projections and investment suitability assessments.
- Prepare investment planning discussions and deliverables for client meetings.
Compliance and Documentation:
- Ensure compliance with industry regulations and internal policies.
- Maintain accurate and up-to-date client records, financial plans, and documentation.
- Prepare necessary paperwork for account openings, transfers, and other transactions.
- Prepare discussion points and deliverables to assist lead advisor in presenting financial plans and recommendations during client meetings.
Education and Communication:
- Assist in conducting client meetings and presentations on an as-needed basis.
- Serve as a second-chair participant in client meetings when requested, providing support to lead advisor and taking detailed notes for follow-up actions and documenting client discussions.
- Educate clients on financial planning concepts and investment strategies.
- Collaborate with team members to develop educational materials and workshops.
Qualifications
- Bachelor’s Degree in a relevant field.
- Strong familiarity with financial markets, investment products, and financial planning concepts.
- 3+ years of experience in financial planning.
- Proficient in financial planning software; experience with financial planning platforms is a plus.
- Current CIMA certification or willingness to obtain is a plus.
- Must possess a current Series 7 license and be willing to obtain Life and Health Insurance licenses.
- Desire to pursue CFP certification.
- Strong proficiency in Microsoft Office, especially Excel.
- Exceptional interpersonal and communication skills.
- Ability to work effectively in a team environment and contribute to investment strategies.
- Highly motivated with a strong ownership orientation and a procedural mindset.
Location: 5x in office
Salary: 70-90k