What are the responsibilities and job description for the Wealth Advisor position at Field & Main Bank?
Wealth Advisor
DEPARTMENT: Wealth Management Division
REPORTS TO: Senior Wealth Advisor, VP
SUPERVISES: None
FSLA: Exempt STATUS: Full Time
EEO Classification: 1.2 First / Mid-Level Officials and Managers
JOB GRADE: 7
HOURS: Regular full-time 40 hours
SUMMARY: Primarily responsible for developing new business, expanding existing relationships, and fostering organic growth to increase assets under management and fee revenue. Utilizing our proprietary PROSPER platform to provide clients and prospects with comprehensive and personalized financial planning to tailor recommendations to assist with various aspects of their financial lives, including investment management, tax strategies, and retirement and estate planning. Continuously monitor client portfolios and market trends to provide timely and relevant advice. Ensure effective management and retention of existing relationships by adhering to our established Minimum Servicing Standards. Provide exceptional service and support to clients, addressing any concerns or inquiries in a timely and professional manner. Demonstrate flexibility and adaptability to embrace and achieve the shared values and goals of the team.
EDUCATION & EXPERIENCE:
- Bachelor's degree in Finance, Economics, Business Administration, or related field.
- Minimum of 3 years of financial industry experience.
- Proven track record of success in business development and client acquisition.
- General understanding of financial markets, investment products, and tax strategies.
- Excellent analytical skills and the ability to translate complex financial concepts into clear, actionable recommendations.
- Exceptional interpersonal and communication skills, with the ability to build trust and rapport with clients.
- Detail-oriented with a commitment to delivering high-quality, client-focused service.
- Proficiency in financial planning software and other relevant tools.
ESSENTIAL DUTIES & RESPONSIBILITIES:
- Conduct in-depth client consultations to understand their financial needs, objectives, and risk tolerance.
- Develop customized wealth management plans that encompass investment management, retirement planning, estate planning, tax optimization, and risk management.
- Implement investment strategies based on thorough research and analysis of financial markets, asset classes, and investment products.
- Monitor and review clients' portfolios regularly to ensure alignment with their goals and make adjustments as needed.
- Provide ongoing financial guidance and support to clients, addressing any concerns or changes in their financial circumstances.
- Cultivate and maintain strong client relationships through proactive communication and exceptional service delivery.
- Collaborate with other professionals, such as tax advisors and estate planning attorneys, to provide comprehensive financial solutions.
- Stay abreast of industry trends, regulations, and best practices to continuously enhance expertise and service offerings.
- Willingness to contribute to team objectives, while building trust and promoting positive team and organizational culture.
- Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Other duties as assigned.
KNOWLEDGE, SKILLS & ABILITIES:
- Proficient with entire Microsoft Office suite with strong ability to create spreadsheets, graphs, and other presentation materials from general sources.
- Ability to work independently and proactively seek additional duties as time allows.
- Strong eye for detail and ability to proofread and edit documents.
- Must have above average mathematical and accounting skills.
- Ability to work with minimum supervision.
COMPETENCIES: To be successful in this position, an individual should possess and demonstrate the following competencies to perform the essential functions of this position.
- COMPUTER SKILLS – Strong working knowledge of computer functions. Proficient in keyboarding. Ability to learn new technical skills and commitment to pursuing continuing education opportunities to advance technical skills.
- INITIATIVE – Ability to determine a correct course of action based on knowledge, policies, and sound judgment. Takes proactive steps to accomplish task without specific direction. Seeks out and takes responsibility for additional work assessments. Seeks out new learning opportunities. Ability to consistently make correct decisions based on sound judgment, job knowledge, job experience, and job training. Willingness to take responsibility for decisions. Keeps supervisor informed of decisions, reasoning, and basis for the decision.
- FOLLOW-UP – Completes assignments and tasks willingly, promptly, and efficiently. Responds with a sense of urgency to requests from customers, co-workers, and supervisor. Keeps supervisor informed of status of completed tasks.
- COMMUNICATION SKILLS- Relates positively to customers, staff, co-workers, and supervisors. Consistently demonstrates appropriate use of language expected in a professional work environment. Considerate and respectful of clients, customers, staff, co-workers, and supervisors by tone, volume, and mannerisms used in communicating. Expresses thoughts clearly and proficiently in written and oral form. Maintains confidentiality in all bank, employee, and customer-related matters.
- INTERPERSONAL RELATIONSHIP SKILLS – Works well with co-workers conveying thoughts and actions in a positive manner. Consistently displays a willingness to cooperate. Receptive to suggestions for improvement. Strong sense of business propriety and decorum. Interacts and communicates with individuals at all levels of the organization. Dependable, consistently at work and on time, follows instructions, responds to management directions, and solicits feedback to improve performance.
- TIME-MANAGEMENT – Ability to consistently display a sense of urgency in completing tasks and servicing customer’s needs. Ability to maintain accuracy and quality of work as quantity of work increases. Individual organizes, prioritizes, and plans work activities and use of time efficiently. Effectively prioritizes duties and develops a system that triggers action in own workflow. Possesses ability to realize urgent nature of tasks assigned. Effectively uses the proper resources to maintain an organized, neat, and efficient work environment necessary for completion of duties in a timely manner. Demonstrates accuracy, thoroughness, and monitors own work to ensure quality and quantity of work. Takes time to verify work and promptly correct errors. Maintains all the required and appropriate records necessary in the job.
- ADHERENCE TO POLICIES & PROCEDURES - Understands the importance of adherence to bank policies in job-related functions, employee, and banking issues. Maintains confidentiality of employee, customer, and bank information within and outside of the company. Actions and behaviors reflect positively on the company. Maintains highest level of honesty in handling customer, employee, and bank information.
ADA REQUIREMENTS: Work is performed in an open office setting; one must be able to concentrate and perform work in an area that will likely result in the interruptions of one's duties. Ability to lift items weighing 20-50 lbs.
This job may not be all-inclusive. Employees are expected to perform other duties as assigned or directed by management. Job descriptions and duties may be modified when deemed appropriate by management.
REV. 11/21/2024 JJ EOE/ Minorities/Women/Vets/Disabled
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