Wealth Associate Job Description

Wealth Associate Job Description

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Wealth associate provides financial markets investment products and services to meet client needs; products include Term Deposits, Structured Term Deposits, Fixed Interest, Hybrid securities & Property Funds, listed & unlisted REITS.

Wealth Associate Duties & Responsibilities

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

Sample responsibilities for this position include:

Review and analyze historical personal financial information, income and gift tax returns
Issue/opportunity spot based on all relevant family information including tax and trust documents
Conduct capital sufficiency and other custom financial planning analysis
Review, analyze and diagram existing estate planning and legal entity documents
Perform technical research on estate planning and income tax issues
Create personal balance sheets, cash flow and other customized financial statements
Coordinate insurance policy reviews by external professionals
Preparation of client/prospect meeting and presentation materials
Coordinate information flow with internal staff and external professionals
Special projects (internal training, after-tax investment reporting, vendor relations)

Wealth Associate Qualifications

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

Licensing or Certifications for Wealth Associate

List any licenses or certifications required by the position: CFA, PLANNER, FINANCIAL, CERTIFIED, CFP, PMP, FEDAI, MBA, CAMS, FRM

Education for Wealth Associate

Typically a job would require a certain level of education.

Employers hiring for the wealth associate job most commonly would prefer for their future employee to have a relevant degree such as Collage and Bachelor's Degree in Finance, Business, Communication, Accounting, Management, Education, Financial Services, Legal, Economics, Financial Planning

Skills for Wealth Associate

Desired skills for wealth associate include:

Investment and banking products
Policies & procedures
Excel
Fiduciary practices
International stocks
Mutual funds
Spreadsheet and presentation software
Tax free bonds
Taxable bonds
Various securities and investment-related products and services domestic stocks

Desired experience for wealth associate includes:

OAs primary contact, resolves problems in a timely and effective manner
OProvides client with information regarding current trends and commands a thorough knowledge of investment products, trading strategies and market dynamics
OAccountable for the organization, development and execution of client reviews that are in keeping with service standards to ensure client needs are being met
OManages overall profitability of client relationship
OEnsures process information recorded timely in CRM regarding status and activities
ODrives continuous improvement by looking for ways to deepen relationship with client through all areas of Private Bank and other appropriate Bancorp channels

Wealth Associate Examples

1

Wealth Associate Job Description

Job Description Example
Our company is searching for experienced candidates for the position of wealth associate. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for wealth associate
  • Researching and uncovering potential prospects
  • Preparing meeting materials for prospective and current clients
  • Coordination of sales activities around seminars, COI cultivation, community and bank sponsored events
  • Scheduling meetings and calendar coordination
  • Assisting with miscellaneous administrative matters including preparation of expense reports
  • Creating and reviewing new account documentation
  • Work collaboratively to identify new fee opportunities, and ensure that the sales process is proactive and timely
  • Obtain strong understanding and knowledge of investment management, fiduciary and financial planning matters including life driven wealth solutions for high-net-worth individuals
  • Help the Investment Advisor prepare for upcoming meetings with existing and potential clients
  • Input and follow up on client orders (non-managed accounts)
Qualifications for wealth associate
  • F.Pl
  • The ability to participate in group and committees within Research and with other aspects of the organization
  • Requires state insurance licensing in appropriate jurisdictions (including state of residence) within the first six months of hire or transfer
  • NASD 7 & 63 or MSRB 52 (or interest in obtaining)
  • Experience with reading and interpreting insurance documents, wills, powers of attorney, shareholder’s agreements, articles of incorporation including preparation of organizational charts
  • Ability to work independently in a proactive manner within a Team
2

Wealth Associate Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of wealth associate. 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 wealth associate
  • Assist with all marketing efforts of the Wealth Management Division
  • Assist Wealth Advisors/Senior Wealth Advisors to provide comprehensive wealth management and financial planning advice to clients
  • Work closely with clients to understand their needs and help achieve their goals
  • Work with other departments to ensure accuracy of client information and superior client service
  • Assist Senior Wealth Advisor/Senior Portfolio Manager to provide comprehensive wealth management for high-net-worth clients
  • Handles the preparation of valuation data
  • Support a Wealth Management team of advisors serving affluent families and corporate retirement plans
  • Support US Wealth external sales team in all sales related activities for the Head of US Wealth Sales and two other Regional Sales Directors
  • Maintain financial advisor records in client relationship management system and help manage territory coverage
  • Call financial advisors directly to help set up meetings, follow up, drive new sales leads, and close business
Qualifications for wealth associate
  • Minimum of 2 years working in a wealth management environment – demonstrated experience within financial planning, sales or client service is required
  • Ability to comprehend all financial planning and communication documents
  • Recognized as an expert in Wealth Planning in the industry
  • Bachelors degree, preferably in Finance or equivalent experience
  • Masters degree in Finance or related field a plus
  • CFP certification preferred
3

Wealth Associate Job Description

Job Description Example
Our company is searching for experienced candidates for the position of wealth associate. 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 wealth associate
  • Provide the US Wealth sales team with updated product information and data
  • Attend investment meetings and updates
  • Coordinate with client services, legal, compliance and other internal teams
  • Work directly with internal and external sales teams of the wealth platforms Man is approved on
  • Liaise with marketing and investment teams
  • Coordinate due diligence meetings with platforms and registered investment advisors
  • Ensure sales pipeline is updated and current
  • Help manage sales roadshows
  • Prepares initial drafts of Investment Policy Statements for new clients
  • Provides general administrative support to the Wealth Advisory team
Qualifications for wealth associate
  • Candidate must have a strong understanding of financial investment vehicles and current market climate
  • Must be self-motivated with close attention to detail and organizational skills
  • Strong knowledge of planning software, Monte Carlo
  • Ability to present detailed and often complicated information to a wide variety of audiences
  • Ability to interpret a variety of instructions and data furnished in written, oral, diagram, or schedule form
  • Has the ability to use various PC, MS Office and internet applications
4

Wealth Associate Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of wealth associate. 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 wealth associate
  • Assist Senior Wealth Advisor and team to provide comprehensive wealth management for Procter and Gamble clients
  • Answer and address incoming client calls
  • Monitor clients' portfolios, provide updates, make preliminary investment recommendations compatible with the client's goals, risk tolerance, time horizon and expected rate of return to review with lead advisors and implement action items
  • Assist Senior Wealth Advisor and team to provide comprehensive wealth management for high-net-worth clients
  • Assists with managing non-complex client relationships including selection of asset allocation strategies and basic financial plans
  • Maximizes client satisfaction to ensure retention of clients
  • May work with Retail/Commercial business partners on less complicated sales opportunities where appropriate
  • Complete certain client requested actions as directed by supervisor
  • Assists in the completion of various tasks within the appropriate Wealth operating systems
  • May be asked to assist on department projects as needed
Qualifications for wealth associate
  • Knowledge of the duties performed within the various departments and divisions of the bank acquired through work experience is required to direct inquiries and requests for client-related information
  • Analytical, organizational and sales skills are required to proactively manage the sales process
  • 3 to 5 years of financial and wealth planning and analysis experience with high-income/net worth individuals and families desired
  • Knowledge of financial services, financial markets and financial planning, usually acquired by formal education or work related experience
  • Knowledge of financial analysis required to analyze and interpret data
  • Professional designations including CFP, MBA and similar evidence of advanced learning and professional qualification preferred
5

Wealth Associate Job Description

Job Description Example
Our company is searching for experienced candidates for the position of wealth associate. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for wealth associate
  • Completing special mailings such as promotional mailings, Christmas cards, client letters
  • Strategic marketing support for U.S. Wealth Management
  • Answer phones, manage schedule/calendar, respond to emails promptly and accurately, prep meeting rooms for client or prospective client meetings, prepare presentations, complete expenses for WA
  • Assist with Request For Proposals (RFP) when necessary
  • Attend Wealth Advisor Associate group meetings to share best practices and get guidance
  • Deposit management (ensuring accounts were opened accurately)
  • Provide all support documents for teams
  • Client management (review all overdrafts, help with money wiring, closing deposit accounts)
  • Lending (input into software system and maintaining timeline from input to close
  • Risk management (ensure preparedness for external audits)
Qualifications for wealth associate
  • In-depth skills in Microsoft Office systems and the Internet
  • Knowledge of the bank computer applications (Lotus Notes, Trust System, Contact Management) is required to generate sales reports and databases
  • Organizational and personal computer skills are necessary to prepare materials for prospect and COI meetings and presentations
  • Bachelor’s degree from a CFP® Board registered program is preferred, or Bachelor’s degree in finance or other business related field also accepted
  • Strong understanding of financial services industry and wealth management to include fee-only consulting, investments, money manager programs, insurance, annuities, tax and financial planning
  • A positive, team-oriented attitude and client service mentality above all else

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