Role Overview
Intermediate-level advisor position within an established wealth management group of five. This is not a junior or administrative support role. The successful candidate will work directly with the Senior Portfolio Manager and participate in investment management, wealth management, and financial planning. The group may hire more than one candidate.
Keys to Filling:
- Licensed advisor with a CIM designation and at least CFA Level I.
- Investment management and financial planning experience.
- Strong client-facing and communication skills, particularly with high-net-worth clients.
- Existing, transferable book of business with approximately $20M–$25M in client assets.
- Proven ability to develop new business, prospect, and acquire clients.
- Candidates from private investment and wealth management firms are welcome.
- Advisors looking to exit the industry and transition their book of business will also be considered.
Key Responsibilities
- 70% Business Development: Grow their own book of business, prospect for new clients, and bring in additional assets.
- 30% Client Servicing & Team Support: Service existing clients, collaborate with the team, and work directly with the Senior Portfolio Manager.
- Initial onboarding will focus on transitioning existing client relationships and learning the group's processes over the first one to two months.
Compensation
- Base salary starts at approximately $100K.
- Compensation is tied to the assets successfully transferred.
- Illustrative compensation for a $20M book is approximately $100K, with an additional $60K–$70K possible depending on the compensation structure and assets transferred.
- Quarterly bonus structure.
- Total compensation starts around $100K, with potential to exceed $200K–$300K as the advisor grows their business.
- No benefits currently offered.
Compensation details to be confirmed against the final offer and the specific book-of-business arrangement.
Work Arrangement
- Hybrid schedule, typically three days in the office.
- Work-from-home flexibility, including when meeting clients off-site.
- Equipment provided.
- Candidates will be employed directly by the wealth management group.
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