Job description

Wealth Management Associate
Job Description

The Wealth Management Associate specializes in client service and supporting the Wealth Management Advisor as he/she focuses on building his/her practice and client relationships. A Wealth Management Associate also ensures the continuation of an efficient, effective and organized office. This individual is a liaison between the network office and home office as well as the Wealth Management Advisor and clients. Specific responsibilities may include but are not limited to:

Responsibilities:

SUPPORT

• Handle case notes, processing correspondence, maintaining client case files, and filing performance reports, account forms and other advisory paperwork
• Responding to home office account inquiries
• Ensuring NMIS and NMWMC compliance requirements are implemented and followed

PROPOSAL AND CASE PREPARATION

• Gathering information for WMA meetings with client/prospect
• Preparing advisory annual review information
• Preparing and modifying PPAs and investment/advisory proposals
• Preparing letter of instruction for client signature
• Preparing investment policy statement, needs-based analysis, or financial plan
• Recommending fund portfolio options

PROPOSAL AND CASE PREPARATION

• Preparing and processing all paperwork needed for investment/advisory accounts
• Monitoring, processing, and following up on asset transfers and on initial and subsequent funding of advisory accounts
• Identifying need for switch letter and mailing appropriate forms to clients
• Processing proposal amendments, monitoring alerts and annual reviews in Envestnet
• Executing buy or sell orders and rebalancing orders in Envestnet and maintaining asset allocation

ADVISORY CLIENT MEETINGS

• Participating in client meetings for financial or investment plan development or presentation

CLIENT SERVICE

• Corresponding with clients to handle advisory related service issues
• Contacting clients on behalf of the WMA for developing advisory plan and providing technical explanations of investment plan
• Explaining advisory products or advisory performance to existing clients
• Providing services and administering advisory products
• Accepting redemptions/withdrawals from clients and communicating instructions to home office
• Discussing tax consequences, costs, and advisory fees
• Running performance reports in Envestnet, Morningstar and NMCIR
• Monitor Required Minimum Distributions (RMD), process redemptions and necessary documents

Qualifications:

• Series 7, 63, 65 or 66
• Life & Health license preferred
• Five years in securities industry with experience in advisory preferred
• Trading experience preferred
• Familiarity with Microsoft applications and data entry and information retrieval software
• Excellent oral and written communication skills
• Strong critical thinking, financial analysis and problem-solving skills required
• Ability to manage multiple diverse projects and assignments in a timely and quality manner
• Strong attention to detail with the ability to work with a high degree of accuracy
• Demonstrated ability to maintain effective working relationships with clients
• Ability to look beyond the obvious and not stop at the first answers
• Willingness to learn
• Ability to embrace change and work in a fast-paced environment
• Able to work both independently and in a team
• Ability to maintain confidentiality

Job Type: Full-time

Pay: $65,000.00 - $75,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Health insurance

Schedule:

• 8 hour shift
• Monday to Friday

Education:

• Bachelor's (Preferred)

Experience:

• Investment: 5 years (Preferred)

License/Certification:

• Series 7 (Required)

Work Location: Hybrid remote in Woodland Hills, CA 91367

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