What are the responsibilities and job description for the Associate Wealth Advisor - The Otto Group position at HighTower Advisors?
Who We Are
Founded by Matt Otto, CFP®, AIF®, over 25 years ago, The Otto Group joined Hightower Advisors in 2016. The partnership enabled our firm to provide a broad range of investment and wealth management services to our select group of clients, while being a true fiduciary. We believe that operating within a model focused on service rather than sales results in a boutique, personalized wealth management approach, while providing sophisticated investment products and solutions. Strategically positioned, Hightower Advisors has access to institutional-grade investment solutions and resources, thus are less restricted than most advisors and large brokerage firms. Our licensed professionals customize investment and planning solutions as they guide clients on their roadmap to financial wellness.
The Role
The Associate Wealth Advisor works with and reports to the Managing Director and Chief Experience Officer (CXO) to manage assigned client households. The Associate Wealth Advisor supports client relationships with an emphasis on financial planning, annual portfolio and advanced planning reviews, alongside guiding clients toward financial wellness.
In this full-time, on-site role, the Associate Wealth Advisor will work within a team environment, collaborating with members of the investment team, financial planning team, client experience team, Hightower corporate team, wealth advisors, and external business colleagues. You will be provided with the opportunity to grow into a Sr. Wealth Advisor, managing client relationships, with responsibility for practice growth. #LI-Onsite
What You'll Do
You are a U.S. citizen, U.S. permanent resident or have other unrestricted U.S. work authorization and will not require sponsorship for U.S. work authorization now or anytime in the future.
Founded by Matt Otto, CFP®, AIF®, over 25 years ago, The Otto Group joined Hightower Advisors in 2016. The partnership enabled our firm to provide a broad range of investment and wealth management services to our select group of clients, while being a true fiduciary. We believe that operating within a model focused on service rather than sales results in a boutique, personalized wealth management approach, while providing sophisticated investment products and solutions. Strategically positioned, Hightower Advisors has access to institutional-grade investment solutions and resources, thus are less restricted than most advisors and large brokerage firms. Our licensed professionals customize investment and planning solutions as they guide clients on their roadmap to financial wellness.
The Role
The Associate Wealth Advisor works with and reports to the Managing Director and Chief Experience Officer (CXO) to manage assigned client households. The Associate Wealth Advisor supports client relationships with an emphasis on financial planning, annual portfolio and advanced planning reviews, alongside guiding clients toward financial wellness.
In this full-time, on-site role, the Associate Wealth Advisor will work within a team environment, collaborating with members of the investment team, financial planning team, client experience team, Hightower corporate team, wealth advisors, and external business colleagues. You will be provided with the opportunity to grow into a Sr. Wealth Advisor, managing client relationships, with responsibility for practice growth. #LI-Onsite
What You'll Do
- Assist wealth advisory team as a contact for high-net-worth, sophisticated wealth management relationships.
- Develop an understanding of clients’ needs, goals, and values through team institutional knowledge, governing documents, and account agreements
- Focus on client service delivery with professionalism and responsiveness; provide and document proactive client contact through effective written and verbal communication skills
- Participate in first-class onboarding client experience alongside proactive relationship management
- Prepare client presentation deliverables, schedule, and participate in client review meetings
- Understand and comply with firm books and records policy, recording client interaction while leading follow-up on relevant action items
- Assist team with research, analysis and presentation of advice-driven solutions to individual, family, and institutional clients while following procedures in risk management, financial planning principles, investment strategy, and fiduciary standard
- Gather and review client financial data from conversation notes, statements, tax returns, insurance policies, and estate plans to prepare customized financial plans using eMoney software
- Collaborate with operations, client experience, and investment team on operational, service, and investment practice-related tasks
- Obtain valid and active security licenses
- Expand and apply knowledge across all areas of financial planning, including cash flow management, investments, insurance, tax strategy, retirement analysis, philanthropic, legal, trust, and estate planning; follow and have knowledge of fiduciary standards, principles, applicable laws, compliance, and regulatory requirements. Participate in continuing education to support skills
- Administer relevant technologies into client relationships, including, but not limited to, eMoney Financial Planning software, Black Diamond performance reporting platform, Fidelity's Wealthscape and Schwab Advisor Center execution platforms, Salesforce, HubSpot, Vanilla
- Contribute to relevant and timely market, economic, advanced planning, and lifecycle content for practice newsletters, commentaries, and social media posts
- Collaborate and communicate with referral sources and centers of influence (COIs) while developing mutually beneficial relationships
- Initiate and manage a series of educational seminars and podcasts focused on expanding wallet share and attracting prospective clients
- Participate in community and professional organizations to help enhance visibility and familiarity of The Otto Group and Hightower Advisors’ brands
- Contribute to new business growth by identifying and presenting opportunities for wallet-share, new client relationships, and COI partnerships
- Upward mobility encouraged in the development of fiduciary and advisory skills toward progressing into Sr. Wealth Advisor role
- Participate in different committees and team projects which contribute to company development, the implementation of business strategies and projects, and the culture of The Otto Group and Hightower Advisors, LLC
- 2 years in the wealth management business, preferred
- Bachelor’s degree
- Currently hold or willing to obtain Series 7 & 63 securities licenses within 3 months of hire
- Exhibit critical, or next-level thinking
- Proficient in Microsoft Office Suite
- Take initiative with responsibilities without needing direct management
- Interpersonal, listening, and written/verbal communication and presentation skills
- Maintain standards of confidentiality and ethics
- Team player, collaborative, able to work well with all levels of the practice, and with clients
- Coverage on the first day of employment for medical, dental, and vision insurance
- Paid parental leave (16 weeks for primary caregiver and 8 weeks for secondary caregiver)
- PTO plan
- 401k matching plan
- HSA employer contributions
- Student loan assistance
- Pet insurance
You are a U.S. citizen, U.S. permanent resident or have other unrestricted U.S. work authorization and will not require sponsorship for U.S. work authorization now or anytime in the future.
