Wealth Management Operations Associate

Job Description

Job Description

The Wealth Management Operations Associate provides full support to one or more Lead Advisors & will primarily manage the execution of all of the Lead Advisors’ recommendations, preparation & closure of client meetings. Those responsibilities include data collection for financial planning, investment analysis & operations, trade execution, investment account opening & maintenance, risk management implementation & service, note-taking, & drafting client communications. This position will allow the associate to get broad exposure to an integrated financial planning practice.

 

Daily Time Spent

• 75% Operational Tasks

• 10% Long-Term Projects

• 10% Case Prep

• 5% Second Chair

Licensing Track

All associates must obtain Life & Health, SIE, Series 7, and Series 63 within the first 8 months of employment. All costs (study materials & exam) are covered by the employer. Team members are allotted 1 hour per day to use for studying, and the rest of the studying must happen outside of regular business hours.

Benefits

• $10,200 annual stipend for health, dental, and vision insurance

• Profit Share eligibility with a 6-12 month waiting period, depending on when hired. Calculation is based on profit, base salary, and tenure. There is a cash component and a Long-Term Incentive component to the compensation plan. This typically ranges from 15-40% of your base salary in cash awards

• 60% LTDI, up to $7,000/m

• $250 annual physical wellness stipend

• 3.5% 401(k) match

• Unlimited PTO after 2 years of service

• Many other benefits

 

This role is fully in person for the first year. Once you have a full year of service, you are eligible to Work From Home on Fridays. Once you have two full years of service, you are eligible to Work From Home on Tuesdays & Fridays.

Compensation:

$60,000 - $70,000 yearly

Responsibilities:

Investments:

• Service & maintain client accounts. Examples of this include bank changes, beneficiary changes, contribution/distribution amount changes, & more

• Take client requests for deposits and distributions, & more, from accounts & execute them

• Responsible for input of brokerage & advisory trading of client accounts

• Prepare & deliver account opening documents as well as any account maintenance documents

Insurance:

• Take clients through the insurance underwriting process & complete ongoing service for risk management

• Service & maintain client policies. Examples of this include bank change, beneficiary change, loan & loan repayment, payment details change, & more

Planning:

• Managing the financial planning process including data gathering, setting up the plan in the financial planning software, running various scenarios, & preparing the plan for presentation to the client

• Attending client meetings as second chair, taking notes, & creating follow-up emails

• Regularly prepare supporting materials & sample reports for clients

Client Service:

• Answer inbound phone & email inquiries

• Respond to and execute requests for service & troubleshoot service issues

• Proactively communicate with Advisors regarding work in progress

Other:

• We require candidates to sit for and pass their Colorado Life & Health, SIE, Series 7, & Series 63 within their first 8 months of employment

Qualifications:

• Must have strong organizational & prioritization skills

• Excellent follow-up & follow-through capabilities

• Professional attitude, flexibility, demeanor, & appearance

• Must be an above-average communicator with exceptional interpersonal skills

• Must have an understanding of investments & general financial knowledge

• Previous work experience in the financial industry is preferred

• BA/BS Degree required

• Financial Planning/Finance/Economics/Business Major highly preferred

• Life & Health, Series 7, Series 63 Preferred

• Must be able to demonstrate the ability to build & maintain client relationships and trust

About Company

Longwise Wealth Partners is a multi-generational wealth management practice in Lakewood & Vail Valley, Colorado. We provide integrated financial planning for over 500 high-net-worth clients nationwide. Our team's mission is to build confidence while reducing financial anxiety. We are currently a team of 17 and are positioned for rapid growth in the near future. Our team values are diligence, authenticity, providence, generosity, and joy, and we live these values in everything we do.

Our team enjoys frequent interaction and collaboration with each other. We are continually looking for ways to grow and develop our practice and each other through professional coaching, team retreats, and other outings.

A Longwise team member has the following characteristics:

Grit, Vulnerability, Enterprising Spirit, Passion, and Generosity.