Private Wealth Advisor Job Description

Private Wealth Advisor Job Description

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Private wealth advisor provides leadership and direction for all Private Wealth Management functions and related business activities including, but not limited to, banking and lending services, personal trust and estate services, investment management, insurance services and financial planning within a specific division.

Private Wealth Advisor Duties & Responsibilities

To write an effective private wealth advisor job description, begin by listing detailed duties, responsibilities and expectations. We have included private wealth advisor job description templates that you can modify and use.

Sample responsibilities for this position include:

Requires significant relationship management, business development, presentation and sales skills that establish the WA as a trusted, client-focused, financial partner of affluent clients
One Chase Approach.You provide a holistic view of clients’ needs and financial coaching beyond investments
Consults with customers to understand their financial goals and offers high quality professional advice and solutions tailored to their goals that meets or exceeds their expectations
Proactively expands the client base by networking and initiating new relationships, establishing rapport, and providing high quality financial knowledge and advice
Engage in regular discussions with clients throughout the year (particularly during more volatile periods and when life events may be occurring)
Work with a team to source and develop new business opportunities, to support existing client relationships
Facilitate the design and implementation of solutions with internal partners external parties such as law firms, independent service providers, brokers and government agencies
Fast paced environment that will enable you to grow as a professional
Support and flexibility to grow and be your best at work, at home, and in the community
Develops creative, innovative solutions to new client financings or restructurings within acceptable credit/risk parameters both within Wealth Management and through other areas of the bank

Private Wealth Advisor Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Private Wealth Advisor

List any licenses or certifications required by the position: CFP, MBA

Education for Private Wealth Advisor

Typically a job would require a certain level of education.

Employers hiring for the private wealth advisor job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Accounting, Business, Education, Management, MBA, Business/Administration, Financial Services, Graduate, Computer

Skills for Private Wealth Advisor

Desired skills for private wealth advisor include:

Trust
U.S. Bancorp Banking
Investment products and services
Bank products
Facets of wealth management
Services and capabilities
Financial
Economic and global capital markets
Bonds
Derivatives

Desired experience for private wealth advisor includes:

Ability to partner with client's other advisors (attorney, accountant)
Advanced degree a plus, but not required
Minimize processing errors
Robust Background in Banking & Wealth Management with an ability to prospect new clients while managing existing client portfolios
Proven background in structuring complex/customized credit solutions
Strong personal credibility and ability to establish personal relationships quickly (orchestrate and /or build comprehensive wealth plan)

Private Wealth Advisor Examples

1

Private Wealth Advisor Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of private wealth advisor. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for private wealth advisor
  • May manage team “staff”(Private Wealth Relationship Managers/Private Wealth Associates)
  • Primarily responsible for the efficient management and development of a portfolio of high net-worth relationships
  • Develops sustainable, long-term solutions to fulfill the unique needs of existing and prospective clients
  • May approve loans and terms within authorized limits, conferring with management on larger or more complex loans
  • Aspires to highest regulatory ratings
  • May serve in a team-lead capacity, providing work/task related direction, advice and coaching to junior team members
  • Works with Market Leader regarding team selections as Market Leaders manage overall staffing resources
  • May orient, train and review the work of less experienced relationship managers
  • Develops creative, innovative solutions to new client financing or restructurings within acceptable credit/risk parameters both within Wealth Management and through other areas of the bank
  • Originates credit and deposit leads from existing clients and prospects and participates in new marketing initiatives
Qualifications for private wealth advisor
  • Ability to uncover & clearly express needs Entrepreneurial and proven negotiating skills
  • Possesses exceptional knowledge of consumer lending
  • Required license(s) or certification(s) FINRA Series 7, 63, and 65 (or Series 66 in place of Series 63 & 65) & Insurance
  • Expert discovery and interpersonal skills
  • Solid knowledge of consumer lending
  • IIROC Registered (Preferred)
2

Private Wealth Advisor Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of private wealth advisor. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for private wealth advisor
  • Maintain professional standards through an in-depth understanding of capital markets, financial and estate planning, banking, and industry trends that impact clients
  • Acts as local expert for business solutions for wealth management teams, bringing appropriate lending and capital raising to the wealth management teams
  • Serves as primary contact on credit portfolio and/or key/complex borrowing relationships
  • Demonstrates credit/risk management discipline
  • Writing content to be distributed to bankers, clients, prospects, or professional advisors, as appropriate
  • Managing the production schedule of content, in coordination with the Wealth Advisory Practice Lead, Marketing, Advice Lab, and other internal constituents
  • Update and revise as necessary the Wealth Advisory SharePoint website, to ensure content is current
  • Assists in identifying the unique needs of existing and prospective clients
  • Provides the highest level of service to our internal partners and ultimately the client
  • Calls on clients with Private Wealth Management advisors to understand client needs
Qualifications for private wealth advisor
  • Undergraduate degree with 3 years of sales and client management experience in the Wealth Services industry or degree and demonstrated ability to manage portfolio book of $1MM
  • Basic credit knowledge to work with Credit Advisor(s) to deliver medium to complex credit solutions
  • Excellent knowledge of all wealth management products and services
  • Excellent sales, client management, and client service skills with the ability to sell a wide range of products and services
  • Prior basic credit experience
  • Minimum 5 years wealth management industry experience
3

Private Wealth Advisor Job Description

Job Description Example
Our company is growing rapidly and is looking for a private wealth advisor. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for private wealth advisor
  • Manages credit pipeline for all new and increased loan requests
  • Acts in accordance with Bank's credit culture, policies and procedures
  • Where possible, look to deepen and grow the bank’s share of wallet with clients, and actively look out for new client acquisition opportunities
  • Disciplined Practice Management
  • Typically focuses majority of time on core banking and lending activities (administrative, regulatory, transactional) while delivering a client experience that demonstrates understanding of the client's needs and proactive thinking about wealth management issues, opportunities and solutions
  • Provides full balance sheet banking services and outstanding customer service to mass affluent customers and manages a portfolio of consumer account relationships
  • Develops strong partnerships with internal business partners to serve customers' needs in other lines of business
  • Delivers a holistic experience by specifically identifying and addressing customer priorities and appropriately engaging the subject matter experts
  • Develops strong relationships with external centers of influences to source new opportunities by becoming involved in the community, and networking to identify and capitalize on new business development opportunities
  • Support the Private Wealth Management business to provide leader and associate counsel related to associate relations activities
Qualifications for private wealth advisor
  • High school diploma or GED and 6 years of commercial banking/wealth management experience will also qualify
  • Required license(s) or certification(s) ACTIVE FINRA Series 7, 63, and 65 (or Series 66 in place of Series 63 & 65)
  • Strong knowledge of U.S. income and transfer tax laws
  • Proven client management skills and effective but diplomatic communicator (both orally and in writing) who can positively engage and influence clients internal stakeholders
  • 5+ years of experience in Private Banking or Financial Services industry
  • College degree and seven (7) years line delivery banking experience preferably in lending, Trust investment or Wealth Management OR
4

Private Wealth Advisor Job Description

Job Description Example
Our growing company is looking to fill the role of private wealth advisor. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for private wealth advisor
  • Requires significant relationship management, business development, presentation and sales skills that establish the Wealth Advisor (WA) as a trusted, client-focused, financial partner of affluent clients
  • Work in collaboration with PWM leadership, HR and corporate departments to ensure alignment of business needs, and support the execution of the HR strategy
  • Counsel branch leadership in establishing and maintaining programs and practices that promote and support solid associate-leader relations
  • Advise leadership before and during significant organizational changes (i.e., department restructure)
  • Conduct regular meetings with branch leaders to discuss strategy, branch issues, and development
  • Work closely with the Director of PWM Talent Management to set and execute strategy related to PWM branches, PWM Admin, and Wealth Solutions Group/Operations
  • Keep abreast of developments and trends in the employment practices arena and evaluate the relevance for the company
  • Provide input and direction on associate communication strategies and programs
  • Recommend corporate policies to address employment practices issues
  • Analyze branch headcount reports and provide recommendation and counsel to divisional/market/branch leadership
Qualifications for private wealth advisor
  • Demonstrated professional competency with 8 to 10+ years of financial sales experience in the high net worth segment required
  • High school and eleven (11) years' experience in trust investments or wealth management
  • Proven ability to influence, develop and motivate others
  • Expert knowledge of trust and estate law, gifting techniques and transfer and generation skipping taxation, with ability to apply that knowledge to client specific needs
  • Strong knowledge of personal, fiduciary, corporate and partnership income tax, with prior experience applying that knowledge specifically to the sophisticated needs of high net worth and/or ultra high net worth clients
  • Ability to evaluate wealth transfer needs and issues of clients and prospects, identify which of the available strategies are appropriate, educate clients and work with clients and professional advisors to determine which recommendations to implement
5

Private Wealth Advisor Job Description

Job Description Example
Our growing company is looking for a private wealth advisor. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for private wealth advisor
  • Participate in HR projects, including but not limited to leadership development, performance management, and associate engagement analysis and action planning
  • Banking and Lending Solutions for clients
  • Assist with review of quarterly investment performance monitoring reports
  • Work across all departments and services provided by Clarfeld (Tax, IPM, Insurance, Cash Management and PFP)
  • Identify and engage with a prospective pool of clients, which includes prospecting, developing external centers of influence, and accessing personal and professional networks
  • Deliver best-in-class advice that prioritizes client objectives
  • Advocate for and promote a diverse work environment that prioritizes teamwork and cooperation
  • Assigns accounts for administration
  • Executes client servicing requirements
  • May supervise other associates
Qualifications for private wealth advisor
  • Proven ability to partner with clients’ other advisors to include an established, highly respected reputation with the external professional advisor community
  • Ability to communicate sophisticated wealth planning concepts to all levels of clients and prospects
  • JD and/or CPA required
  • Recognized expertise in managing the financial needs of high net worth and/or ultra high net worth individuals and/or families
  • Bachelor’s Degree in Finance, Accounting, Bus Admin or related field - Required
  • Master’s/Advanced Degree in Finance, Accounting, Bus Admin or related field - Preferred

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