What are the responsibilities and job description for the Senior Wealth Advisor position at Planning Alternatives?
Job Description:
The Senior Wealth Advisor will play a pivotal role in managing complex client relationships, providing personalized financial advice, and helping clients achieve their long-term financial goals. In this role, you will lead sophisticated financial planning efforts, oversee large client portfolios, and mentor junior advisors.
This role requires deep knowledge of financial markets, investment strategies, fiduciary principles, and a passion for delivering exceptional client service. The Senior Wealth Advisor will be responsible for driving the growth of assets under management (AUM), expanding relationships with ultra-high-net-worth clients, and identifying new business opportunities.
Key Responsibilities:
- Strategic Financial Planning & Client Management:
- Lead in-depth financial planning sessions with clients, gathering and analyzing financial data, such as income, expenses, investments, risk tolerance, and long-term goals, to create comprehensive strategies tailored to their unique needs.
- Act as a trusted advisor for clients, offering guidance on tax-efficient investment management strategies, retirement planning, estate planning, insurance solutions and charitable giving.
- Develop and present customized, sophisticated financial plans for ultra-high-net-worth individuals and families, ensuring that all aspects of their financial lives are considered and optimized.
- Portfolio Management & Performance Review:
- Manage and oversee complex client portfolios, ensuring alignment with clients' long-term financial goals, risk profiles, and evolving life circumstances.
- Conduct regular portfolio reviews with clients, providing updates on investment performance, market trends, and any necessary adjustments to their financial strategies.
- Proactively assess clients' financial plans and make strategic adjustments in response to economic shifts or personal life changes.
- Client Relationship Development & Retention:
- Foster deep, long-term relationships with clients, serving as their main point of contact for all financial planning needs.
- Maintain continuous, proactive communication with clients to ensure they are informed and confident in their financial strategies, while also identifying new opportunities for improvement.
- Expand the client base by acquiring new high-net-worth clients through referrals, networking, and cultivating professional partnerships.
- Leadership & Mentorship:
- Provide leadership and mentorship to junior advisors and support staff, offering guidance on complex client cases and helping them develop their professional skills.
- Act as a subject matter expert for the firm, collaborating with colleagues to ensure the highest standards of service and advice are delivered across all client interactions.
- Play an integral role in firm-wide business development initiatives, contributing to strategic planning and long-term growth objectives.
- Compliance & Industry Knowledge:
- Stay current with the latest financial market trends, legislation, and industry developments to ensure clients' financial strategies are compliant, effective, and take advantage of new opportunities.
- Ensure all recommendations and financial plans adhere to fiduciary principles and meet regulatory requirements.
- Utilize advanced financial planning software (e.g., eMoney) to support accurate and robust financial strategies.
