What are the responsibilities and job description for the Managing Partner position at Planning Alternatives?
Company Overview:
At Planning Alternatives, we're dedicated to providing comprehensive financial planning and asset management services that go beyond mere financial success. We believe true wealth is about enriching lives and fulfilling personal goals. Our mission is to leave clients better off by offering expert strategies and solutions tailored to their unique vision of wealth. With a focus on integrity, strong relationships, and client-centric solutions, we're building the future of wealth management.
Position Overview:
The Managing Partner will report directly to the Chairman and CEO and be responsible for overseeing all aspects of the firm. This includes maintaining current business, supporting the development and success of our Wealth Advisors and Associate Advisors, driving business development initiatives to enhance growth, and integrating operational initiatives into our future growth strategy.
Key Responsibilities:
- Strategic Planning and Execution:
- Collaborate with senior leadership to develop long-term strategic objectives and initiatives for the firm.
- Translate strategic goals into actionable plans and ensure alignment with overall business objectives.
- Monitor industry trends, competitive landscape, and regulatory changes to inform strategic decision-making.
- Maintaining Current Business:
- Develop and implement strategies to retain existing clients and enhance client satisfaction.
- Foster strong relationships with key clients and understand their needs to exceed expectations.
- 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 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 for continuous improvement.
- Business Development:
- Identify opportunities for organic growth within the existing client base and target markets.
- Develop and execute strategic business development plans to acquire new clients and increase assets under management.
- Cultivate relationships with prospective clients, referral sources, and industry partners to generate leads and opportunities.
- Integrate Operational Initiatives:
- Work with department leaders to integrate various departments into the overall firm vision.
- Ensure effective communication and collaboration across departments to streamline processes and enhance the 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.
- 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.
