What are the responsibilities and job description for the Managing Partner position at Planning Alternatives?
Job Description
At Planning Alternatives, a fiduciary firm dedicated to providing comprehensive financial planning and asset management services, we are seeking a highly experienced Managing Partner to contribute to the strategic growth of the firm and lead key client relationships.
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.
