Wealth Planning Associate

Employer
RBC Wealth Management
Location
San Francisco, California
Salary
Salary commensurate with experience
Closing date
Nov 11, 2021

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Job Role
Wealth Advisor
Employment Type
Full Time

Job Details

What is the opportunity?

As a Wealth Planning Associate with RBC Wealth Management, you will be part of the Wealth Planning Associate (WPA) Program. This is a structured 24-month development program designed to provide the knowledge and skills necessary to succeed at RBC. Upon completion of the program, you will have the opportunity to join a Financial Advisor team to deliver a consistent experience in support of the organization's goals-based wealth management strategy.

What will you do?

  • During the WPA Program period, you will learn from wealth planning experts, top Financial Advisors (FAs) and develop the skills necessary to become a successful wealth planner at RBC.
  • In addition to rigorous proprietary training, you will successfully obtain one of the accredited wealth planning designations (CFP preferred, other targeted credentials would be considered, CFA, CPA, AWM).  
  • The WPA educational component combines e-learning, case studies, virtual group work, and hands-on training to educate you on the RBC product and service offerings as well as RBC’s Wealth Planning process and related tools. You are expected to obtain your Series 7 and Series 66 (if not already licensed) and begin pursuing your designation. You will also join other WPAs and junior FAs from across the country for a week of intensive on-site training in Minneapolis, MN.
  • The next phase of the WPA Program focuses on the application of the knowledge and skills you acquired. In addition to ongoing development through virtual classroom sessions, online modules and case studies, you will begin working directly with an FA and their team in an assigned territory. This will include working with the Minneapolis home office as well as the local territory.  Additionally, you will complete your credentials coursework and capstone project during this phase.
  • During the next phase of the WPA Program, you will partner more closely with a group of FAs or assigned to a team of FAs.  In this phase, you will contribute regularly to the development of RBC WealthPlans and present plans to clients. You will proactively engage FA teams and lead financial planning meetings to deliver advice and wealth management solutions to meet the needs of each client.  This phase is very hands on and will include a mentor from the Wealth Planning Group. You will complete the credential educational component and progress towards certification exam.
  • At month 24, upon successful completion of the WPA Program and your credential plan, you will be eligible to join an FA team and establish yourself as a new FA in the local market.  There will be opportunities to continue your technical development as a cohort of the WPA Program.
  • In your new role, you will understand and communicate the benefits of engaging clients in a goals-based relationship, drive productivity by using best-in-class tools to deliver an exceptional client experience, and along with the Financial Advisor, provide comprehensive wealth management advice to your team’s existing client base while attracting new clients. This will include conducting discovery conversations, talking through wealth plan results, illustrating solutions and conducting annual reviews.  The foundation of knowledge and skills you acquire as both a WPA and a junior FA will differentiate you in the marketplace as a true wealth manager and prepare you for a successful career as an FA.

What do you need to succeed?

Must-have

  • Bachelor’s degree with emphasis in personal finance preferred
  • Excellent verbal, written, presentation and relationship skills and some who is self-motivated and possess strong critical thinking and analytical skills
  • Series 7, Series 66 or ability to obtain shortly after starting
  • Accredited wealth planning designation (CFP®) or ability to obtain within two years of start date
  • Ability to travel up to 25-50% of the time

Nice-to-have

  • Demonstrated understanding of the financial planning process and industry planning tools
  • Proficiency with Word, PowerPoint and Excel (formulas, graphs, pivot tables)
  • 2+ years of financial planning or closely related experience in the financial services industry, preferably with a broker-dealer or other large financial advisory firm
  • Securities, Advisory and Insurance licenses

What’s in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

  • A comprehensive Total Rewards Program including great benefits, annual incentive program and recognition
  • Leaders who support your development
  • A dynamic, collaborative, and high-performing team
  • Opportunities to do challenging work and grow your career
  • Work-life integration
  • Positive work culture emphasizing diversity and inclusion, volunteerism and community involvement

WMUS 

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JOB SUMMARY
City:  345 California S 
Address:  San Francisco 
Work Hours/Week:  40 
Work Environment:  Office 
Employment Type:  Regular - U.S. 
Career Level:  Experienced Hire/Professional 
Pay Type:  Salaried 
Required Travel (%):  0 
Exempt/Non-Exempt:  Exempt 
People Manager:  No 
Application Deadline:  11/12/2021 
Platform:  Wealth Management 
Req ID:  419819

Company

For more than a century, RBC Wealth Management has provided trusted advice and wealth management solutions to individuals, families and institutions. We are a global organization, bringing our diverse expertise and deep knowledge to the sophisticated financial needs of our clients around the world. We are committed to earning our client’s trust by building lasting relationships and confidence, putting your interests first in everything we do. Every interaction with us is defined through our core values and culture of doing what’s right for our clients and the communities we operate in. Forward-looking, innovative and committed helping our clients thrive and communities prosper – we are the partner you can depend on to help you achieve your financial goals.

Find Us
Telephone
612-547-4313
Location
60 South 6th Street
Minneapolis
MN
55402
United States

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