What are the responsibilities and job description for the Managing Partner position at Planning Alternatives?

Company Overview :

Planning Alternatives is a fiduciary firm dedicated to providing comprehensive financial planning and asset management services to our clients. We believe that true wealth is not solely about financial success but about enriching lives and fulfilling personal goals. Our mission is to leave clients better off by offering the experience, strategies, and solutions needed to support their vision of wealth. With a focus on integrity, strong relationships, and client-centric solutions, we are building the future of wealth management. As we continue to grow, we are seeking a highly experienced Managing Partner to contribute to the strategic growth of the firm and lead key client relationships. Our offices are in Birmingham MI, Naples FL and Jackson Hole WY and our expectations are to open additional offices in key demographic locations.

Position Overview :

The Managing Partner will report to the Chairman and CEO and be responsible for overseeing all aspects of the firm, with a focus on maintaining current business, supporting the development and success of our Wealth Advisors and Associate Advisors, driving business development initiatives to enhance the growth of assets under management and integrating operational initiatives into our future growth strategy. This position requires strong leadership skills, a portfolio of great relationships, a strategic mindset, and a deep understanding of fiduciary principles and financial services.

Key Responsibilities :

Strategic Planning and Execution :

Collaborate with Chairman, CCO and CMO to develop long-term strategic objectives and initiatives for the firm.
Translate strategic goals into actionable plans and initiatives, ensuring alignment with overall business objectives.
Monitor industry trends, competitive landscape, and regulatory changes to inform strategic decision-making and adapt strategies as needed.

Maintaining Current Business :

Develop and implement strategies to retain existing clients and enhance client satisfaction.

Foster strong relationships with key clients, understanding their needs and ensuring their expectations are met or exceeded.

Monitor client portfolios and provide proactive advice to optimize performance and achieve financial goals.

Leading Wealth Advisor Team :

Lead, mentor, and inspire the wealth advisors to deliver exceptional service to clients while attracting and converting prospects to clients.

Lead the associate advisor training program and create a pipeline of future wealth advisors.

Establish performance metrics and goals for the team, providing regular feedback and coaching to drive continuous improvement.

Business Development :

Identify opportunities for organic growth and expansion within existing client base and target markets.

Develop and execute strategic business development plans to acquire new clients and increase AUM.

Cultivate relationships with prospective clients, referral sources, and industry partners to generate leads and opportunities.

Integrate Operational Initiatives :

Work with the Director of Operations, and compliance, Investment, Financial planning and technology team members to integrate various departments into the overall firm vision.

Ensure effective communication and collaboration across departments to streamline processes and enhance client experience.

Integrate newly acquired firms and teams into the overall firm strategy.

Qualifications :

Bachelor's degree in Finance, Business Administration, or related field; MBA or CFA designation preferred from an accredited college or university.

Proven track record of success in a leadership role within the financial services industry, with a focus on fiduciary services and wealth management.

Strong understanding of investment principles, financial markets, and regulatory requirements.

Exceptional interpersonal and communication skills, with the ability to build rapport and trust with clients and team members.

Strategic thinker with the ability to develop and execute business plans that drive growth and profitability.

Demonstrated leadership capabilities, with experience managing and developing high-performing teams.

Results-oriented mindset, with a commitment to delivering superior service and achieving measurable outcomes.

Benefits :

We offer a competitive compensation package, including base salary, performance-based bonuses, and equity opportunities.

Comprehensive benefits package, including health insurance, retirement plans, and paid time off.

Opportunities for professional development and career advancement within a dynamic and growing organization.

Planning Alternatives is an equal opportunity employer committed to diversity and inclusion in the workplace. We encourage qualified individuals from all backgrounds to apply.

Application Instructions :

To apply for the Managing Partner position, please submit your resume and cover letter detailing your qualifications and relevant experience to linda.ryan@planningalt.com. We look forward to reviewing your application and considering you for this exciting opportunity to join our team.

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