What are the responsibilities and job description for the Wealth Protection Strategies Manager position at Candidate Experience site?
We are seeking a highly motivated and experienced individual to lead the development and oversight of our Wealth Protection Strategies offering. This role is responsible for creating, implementing and managing an integrated insurance and risk strategies program as part of our comprehensive wealth management services. This role will focus on providing clients with tailored insurance and risk planning solutions while working closely with our wealth and tax advisors to ensure seamless integration with our clients’ broader financial goals.
Responsibilities:
• Develop and launch the wealth protection strategies department, including service offerings, client onboarding processes and internal workflows.
• Facilitate consultation and needs assessment with individuals and families, including strategies for insurance policies, financial resources, and specific needs related to health, life, property, and other assets.
• Work closely with wealth managers to create integrated wealth protection strategies plans that align with clients’ overall financial strategies.
• Ensure that all wealth protection strategies services comply with legal, tax and financial regulations, and keep up to date with evolving legislation.
• Cultivate strong client relationships through regular communication, reviews of wealth protection strategies plans and proactive updates.
• Provide ongoing training and support to wealth managers and staff on wealth protection concepts and strategies, enabling them to identify opportunities for client engagement.
• Drive revenue generation by promoting wealth protection services to existing and prospective clients, and identifying cross-selling opportunities within the wealth management practice.
• Report to senior leadership on key performance indicators, adoption rates and client satisfaction.
Qualifications and Skills:
• Insurance Licensing or other relevant professional certification in insurance, risk or financial services.
• At least 5 years of Long-term-care (LTC) insurance advisory experience
• Deep knowledge of Disability Insurance, Life Insurance, LTC Insurance and other similar products and services
• 2 years in a leadership role
• Excellent communication and interpersonal skills, with a client-focused mindset
• Successful track record of building solutions
• Proficiency in insurance solutions software and financial management tools including CRMs (Salesforce)
• Strong understanding of the wealth management industry and regulatory environment
• Bachelor’s degree in finance, business, or related field (preferred)
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