Help conduct the smooth operation of a fast-paced—and friendly—financial advisor office. Work as an employee of an independent advisor franchisee with a financial advisory practice of Ameriprise Financial.
The Associate Financial Advisor will primarily assist the Private Wealth Advisor in the financial planning workflow. This position will consistently follow high standards of business and professional ethics and legal and regulatory requirements when dealing with others and performing work activities. Assist financial advisor in working with clients to help them achieve their financial goals.
This role provides client relationship support through managing, gathering and analyzing client data, helping prepare financial plans and other client deliverables, working with clients to resolve issues and other practice management tasks as needed. Responds to ad hoc requests, coordinates/tracks projects and/or manages business-as-usual projects.
Responsibilities and Time Allocation – Will change over time to meet the needs of the practice and can include other duties as assigned by the advisor.
Prepare preliminary financial planning recommendations and initial product solutions for advisor review and use in client meetings
Identify clients to engage or re-engage in planning relationships
Prepare for client meetings focused on planning discussions
Gather and enter client data into Financial Planning Tool Suite
Work with paraplanner to create planning deliverables
Perform case analysis and develop recommendations
Conduct and/or participate in client meetings to present recommendations/deliver advice
Answer questions and provide readily available information to clients, if requested, as it relates to servicing their accounts
30%Client Care / Business Management
Review and update client information as needed for client review meetings. Attend and participate in client meetings
Manage and resolve client service problems
Assess the client’s risk tolerance
Assess the client’s goals and time frame
Recommend portfolio/robust product solution that will fit the client’s risk tolerance, goals and time frame
Run illustrations and hypotheticals
Execute appropriate trades to align with proposed portfolio
10%Marketing and Client Acquisition
Implement key marketing activities including:
o Online client experience
o Client and prospect contact
o Referrals and Networking
o Seminars and Events
Education and other designations:
Bachelors degree or higher
4+ years of similar experience
Already have federal and state licenses and registrations for securities, including:
Series 7, Series 66, and State life, accident and health insurance licenses
CFP designation a plus
Position is Salary plus bonus.
Key traits of a successful financial advisor
Ability to meet with clients and present planning strategies
High level of interpersonal skills
Entrepreneurial perspective and desire to grow the business
Ability to recommend suitable investment products and services
Ability to adhere to rules and regulations as stated and required by advisor and Ameriprise Financial
Current client database a plus
Additional Salary Information: 401k with company match
About Schmidt & Associates a private wealth advisory practice of Ameriprise Financial Services, Inc.
Schmidt & Associates Mission Statement
To enable our clients to be confident and comfortable about their financial futures through ongoing planning and investment advice.
Schmidt & Associates helps busy, successful clients pursue their dreams and goals. We use a comprehensive approach to financial planning built around your life goals. We help you implement your plan to align your resources with those goals. We track your progress and help you make adjustments as needed. We aspire to build a meaningful relationship based on integrity and superior client service.