Wealth Planning Job Description

Wealth Planning Job Description

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Wealth planning provides professional consulting / advisory services and solutions to clients through the development, delivery and implementation of financial planning: cash flow, investment, tax, insurance, options, retirement, estate.

Wealth Planning Duties & Responsibilities

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

Sample responsibilities for this position include:

Perform regular reviews of department practices, policies/procedures, services, products, and materials to ensure they are compliant with firm and industry rules and regulations
Works independently to review and approve financial plans, estate plan reviews, and tax plan reviews created by department associates and financial plans created by Financial Advisors and Branch Managers
Oversight of the Financial Planning Software Support Team (FPSS)
Develops and delivers sophisticated, high-level estate, tax and financial planning advice to high net worth clients
Responsible for monitoring any rule changes or regulatory developments relating to wealth planning
Ensure that any materials requiring filing with regulators (FINRA/SEC/NYSE/etc.) are submitted for filing in a timely manner
Analyze needs and product/service requirements to create or change policy
Determine how changes in systems or policies will affect outcomes
Develop and maintain files and logs of public communications materials and monitor need for annual review and approval
Edit and communicate required changes to the materials or offer possible alternative materials, when available, if materials are not approvable

Wealth Planning Qualifications

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

Licensing or Certifications for Wealth Planning

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

Education for Wealth Planning

Typically a job would require a certain level of education.

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

Skills for Wealth Planning

Desired skills for wealth planning include:

Financial planning software
Services
Bank products
Investment management principles
Economics and financial markets viewed as an asset
Estate planning viewed as an asset
Organization and Banking Group interrelationships viewed as an asset
Our business in order to identify solutions that may meet the clients’ needs
Tax
Financial planning principals

Desired experience for wealth planning includes:

Advises Department Manager of any potential issues, questions, or concerns
Provides guidance and facilitates notification and training to department associates of changes and updates to policies and procedures
In coordination with the Compliance Advisory Group will monitor, review, and update the Wealth Planning section of the Compliance Manual content as needed
Creates training material on training and compliance topics for Financial Advisors regarding wealth planning
Request bills to be prepared by the team billing co-ordinator
Managing the day-to-day operations of the Financial Planning Analyst team

Wealth Planning Examples

1

Wealth Planning Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of wealth planning. 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 planning
  • Gather and evaluate financial data including deposits and loans, qualified retirement accounts, social security benefits, life, disability, long term care insurance coverage, deferred compensation, stock options, brokerage assets, trust and investment management accounts, legal instruments such as financial powers of attorney, wills, advanced healthcare directives, educational funding plans, philanthropic/gifting entities and business succession buy/sell agreement, installment sales
  • Assist with mailings and communication to prospective clients
  • Assist with creating and updating manuals
  • You will also be responsible for processing applications and entering information in the database system
  • Aggregation and review of monthly financial outlook estimates across various income statement categories
  • Create and maintain market packages for Regional Directors representing 18 locations and 450 Financial Advisors across the United States
  • Prepare reporting for monthly management business reviews to discuss business trends, opportunities or risks
  • Provide detailed and meticulous administrative support to the Wealth & Estate Planning Specialist
  • Input a wide variety of client data onto our system in a timely and efficient manner
  • Create mock ups of data plans as requested by the Wealth & Estate Planning Specialist
Qualifications for wealth planning
  • Strategic planning for improvement and growth of the business
  • Change Leadership – Can effectively cope with change, handle risk, uncertainty and can make good decisions
  • Results oriented – can set and meet goals for self
  • Excellent written and verbal communication, Demonstrated ability to earn respect of staff
  • Excellent level of social skills
  • Minimum 5-7 years industry experience with thorough understanding of securities industry, fiduciary standards, and industry rules and regulations
2

Wealth Planning Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of wealth planning. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for wealth planning
  • Ensure timely and accurate sales result tracking for performance management
  • Develop and maintain program logic for sales result tracking and sales incentive calculation
  • Work closely with business to design relevant sales reports or tools to drive sales productivity and formulate core and tactical sales incentive program to drive desired sales behavior
  • Provide analytical support on evaluating effectiveness of sales incentive plan and tactical incentive program
  • Ensure timely and accurate sales incentive payout calculation and end-to-end sales incentive payment process is seamless and error-free
  • Preparation of benefits illustrations and client presentations (direct sales model)
  • Coordinate and arrange RM training liaising with Finance depart, external brokers, partners
  • Liaise with FI on counter party limits and with Credit on financing policies
  • Ensure full compliance with relevant laws and regulations in all jurisdictions
  • Other admin duties as delegated by Supervisor
Qualifications for wealth planning
  • Exceptional ability to manage one’s own time and organize work load and priorities to ensure the meeting of deadlines
  • Solid ability to consider the relative costs and benefits of potential actions to choose the most appropriate one
  • Bachelors degree with demonstrated analytical and critical thinking skills
  • The right candidate will have excellent planning and organisation skills excellent attention to detail
  • The successful satisfaction of a CFP® designation is required or expected to be achieved within 12 months of hire
  • Knowledge of SunTrust platform technology is preferred
3

Wealth Planning Job Description

Job Description Example
Our company is growing rapidly and is hiring for a wealth planning. 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 planning
  • Writing reporting on general themes (income tax in France, Belgium, Luxembourg, different types of donation in these countries, …)
  • Participating to projects with tax impacts
  • Provide thought leadership through partnerships across the Company including Finance, HR, Legal, Corporate Communications, ELT Office(s), to ensure delivery of key tasks in support of the organization's effectiveness
  • Prepare presentations, communications, for the direct leader, which may include presentations to the company's Board of Directors, analyst groups, regulatory agencies and employee/management groups
  • Develop and lead cross organizational & field visibility/communication plans for the EVP and related businesses
  • May lead broad, cross-organizational initiatives for which the EVP has been assigned accountability
  • Provide direct or indirect leadership and direction to others, including coaching, mentoring and annual performance reviews where applicable
  • Ownership of monthly financial outlook estimates across all income statement categories
  • Assist in the management of division-wide reporting and associated MIS
  • Assist in the development and implementation of both tactical and strategic solutions which enhance the efficiency and effectiveness of the line of business
Qualifications for wealth planning
  • Must be life insurance licensed
  • Have a minimum of 5 to 10 years of experience in the Canadian Life Insurance Industry, preferably in sales and possess a CFP, CLU, CHFC or similar designations
  • Marketing skills related to life insurance and similar products
  • Proficiency in use of appropriate research and planning tools
  • Must be able to work in a fast paced professional environment and to adapt quickly to rapid changes in technology and procedures
  • Well developed sales and business acumen – proactive, self-starter, confident
4

Wealth Planning Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of wealth planning. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for wealth planning
  • A professional accounting designation and the completion of the CICA in-depth tax course or a Masters in Taxation or equivalent is required
  • Experience with Microsoft Office and computer based income tax research software
  • Prepare base case analyses, sensitivity analyses of client information using specialized financial planning software
  • Assume an advisory role to assist the Regional Directors in running a successful business
  • Partner with key stakeholders and cross-function business heads to drive and implement strategic initiatives
  • Partner with technology, product control, operations, commission accounting and finance on an ongoing basis to deliver both standard and ad hoc requests
  • Strategic Design, Planning and Execution
  • Partner with Advisor Wealth Management (AWM) and field and internal partner in delivery of key tasks to support of the organization's effectiveness, including budget management, organizational goal metrics and tracking, operations and execution and business unit reviews
  • Manage internal process improvement and efficiencies
  • Lead learning and project intake requests, optimize capacity model and ensure appropriate prioritization and support is allocated
Qualifications for wealth planning
  • Bachelor’s degree required along with strong Microsoft Word, Excel, Power Point and Outlook skills
  • The successful satisfaction of a CFP® designation is required or expected to begin within 12 months of hire and achieved within 24 months of start of program
  • Prior experience and strong knowledge of financial and asset allocation planning systems is required
  • You will have a Diploma in Financial Planning
  • Ideally you will have started your Advanced Diploma in Financial Planning
  • Familiarity with all relevant software programs, including Microsoft Office Suite
5

Wealth Planning Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of wealth planning. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for wealth planning
  • To analyze customers’ personal financial situation and identify their needs in financial services
  • To provide quality after-sales services to maintain the customer relationship and solicits referral business to expand the customer base
  • Accountable for eLearning & instructional design
  • Support the department through management of financials, annual planning process, vendor management and other projects and initiatives as directed
  • Preparing supports for internal / external trainings
  • Prepare articles/reference materials on a variety of wealth planning topics technical content for business development material on an occasional basis
  • CFP designation and TEP designation would be an asset
  • Operate with a high level of professionalism, skills and knowledge and able to communicate complex planning strategies in an understandable way to advisors, clients and their professional advisors
  • Strong presentational skills for presenting to large and small groups
  • Ability to work independently and as part of a national team
Qualifications for wealth planning
  • Lead brand strategy initiatives including the creation of communication guidelines and rebrand initiatives
  • Lead sponsorship strategy for primary MLC sponsorship and manage activation and leverage initiatives across the business by working closely with sponsorship peers
  • Monitor performance against strategic objectives, facilitating regular post performance analysis and reviews to identify insights that have the potential to drive continuous improvements and return on marketing investment
  • 7+ years commercial experience, brand strategy, brand consultancy, research consulting and / or brand marketing experience also preferred
  • Minimum seven years marketing experience desirable
  • Proven experience working within complex businesses undergoing change

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