Summer Intern - Wealth Management

Job Description

 LoVasco Consulting Group serves two key audiences. The first is HR and C-Suite professionals of middle market organizations looking to build a world-class total rewards strategy, aligning health and retirement benefits, compensation strategy, and overall employee wellbeing. The second is individual executives and owners of closely held businesses looking to solve their estate planning/wealth transfer and business continuity problems with life insurance planning.

With over $2 billion in-force life insurance policies, LoVasco has a long history of solving individual estate and business continuity planning issues by implementing sophisticated life insurance strategies. The reality is that many of these individuals don't have the same level of help quarterbacking their entire financial picture. We aim to solve that for them by adding a full suite of private wealth management services to LoVasco's offering, providing the same concierge-level service for all their financial and estate planning needs.

About Us

LoVasco is on a mission to inspire, engage, and empower one million people to build healthier and wealthier lives. We are committed to helping HR teams, plan sponsors, and executive teams offer benefit programs that foster positive company culture, increase engagement, and promote the health and financial wellness of their employees and executives.

We are an energetic, rapidly growing company that values our commitment to taking care of people. Located in downtown Detroit, LoVasco hires dedicated professionals who deliver the highest degree of expertise and service to our clients.

  Our Core Values:

• Meaningful relationships
• Accountability
• Respect
• Strong communication
• Collaboration
• Innovation

Job Responsibilities

·        Assist in financial planning set up and reviews utilizing financial planning software such as eMoney

·        Conduct investment and policy reviews for clients

·        Perform database management and analysis tasks in Salesforce CRM

·        Help prepare client-ready reports and presentations

·        Sit in on client review meetings to observe the financial planning process

·        Research and run analysis on insurance solutions

·        Assist with service-level and underwriting initiatives as needed

Qualifications

·        Pursuing a bachelor’s degree in business, finance, or financial planning & wealth management.

·        Previous work experience or internship at a financial planning, retirement plan consulting, or other financial services firm. 

·        Comfortable with technology and ability to learn new software quickly.

·        Strong academic record (minimum GPA of 3.0).

·        Proficient in Microsoft PowerPoint, Excel, and Word. 

·        Familiarity with financial planning software is a plus.

·        To be eligible for this program, you must be authorized to work in the U.S. permanently. 

About You

People who thrive in this position:

·        Genuine interest in financial markets, financial planning, and investment strategies

·        Detail-oriented with a passion for accuracy

·        Create positive relationships with clients and coworkers

·        Highly inquisitive, with an aptitude to analyze, and form actionable items based on reports and data

·        Strong time management and organizational skills, comfortable working independently

·        Feel comfortable juggling multiple projects and tasks simultaneously 

·        Good judgment and discretion when working with confidential information

·        During downtimes, willing to help other members of the team 

Location

This position is hybrid, working in our downtown Detroit office 3 days per week, and remote work 2 days per week.

What You Can Expect in Return: Our Total Rewards

LoVasco offers competitive compensation, benefits, continuing education and training, and tremendous potential for qualified candidates within a growing organization.

Our comprehensive package of Total Rewards for intern colleagues includes:

• Employee Assistance Program/Coaching that includes free counseling sessions.
• Summer Friday hours
• Professional development assistance
• Volunteer days with local charities
• Team building events and outings

Career Path

At LoVasco, we believe in investing in our employees and providing opportunities for job development and career expansion. As a leader in Employee Benefits and Retirement Plan Consulting, we are committed to offering competitive benefits that meet your needs now and well into the future! Here are a few other positions the position could grow into:  

•  Wealth Management Advisor: Have a passion for more advanced financial planning cases? Willing to put your sales hat on and participate in bringing new clients to the firm? Our Wealth Management team is always looking for people. 
• Retirement Plan Consultant: Those who show the willingness and ability to lead client relationships have the opportunity to advance in the client-lead role as a consultant.  
• Investment Analyst: Independent, unbiased investment advice is a cornerstone of our consulting offering. The Investment Analyst specializes in analyzing and researching the investments we recommend to our clients.  
• Data Analyst: Our consulting team couldn’t do what they do without our brilliant data engineers designing information systems that make for incredibly efficient reporting workflows. If software development and organizing data is your forte, the data analyst role is a great opportunity to apply those skills. 
• Client Service Associate / Consultant Support Analyst: For the individual who loves to service plan sponsor clients but would prefer not to lead client relationships, a valuable role in our organization is the CSA. 

Salary : $25