What are the responsibilities and job description for the Manager, Advisory Leadership Team position at focuspartners?
MANAGER, ADVISORY LEADERSHIP TEAM
Boston, MA / Bethesda, MD
The Manager, Advisory Leadership Team, supports
and develops Associate Wealth Advisors while driving the execution of key
business strategies. This role requires managerial oversight, a strong
understanding of Focus Partners Wealth's financial planning and client
experience vision, and a commitment to implementing best practices for advisory
teams. Collaborating closely with the Director, President, and other internal
departments, the Manager ensures teams have the resources, skills, and
infrastructure needed to achieve their business plan goals.
Key responsibilities include driving planning
and service harmonization through the management and development of Associate
Wealth Advisors (AWAs). AWAs maintain strong client relationships and work
closely with the Wealth Advisor and client service team to support team goals
and drive efficiency and best practices. The Manager oversees a team of AWAs,
ensuring they excel in their daily responsibilities, meet personal goals, and
work towards the objectives outlined in the advisory team business plan. Effective
coaching in this role requires an in-depth understanding of the firm’s client
experience and the tools and technology solutions used by the advisory team.
As a coach and mentor, the Manager should be a
natural team builder who fosters team cohesion by balancing individual
development with the enforcement of business standards and processes. They are
responsible for promoting career growth among their team members and overseeing
the hiring, training, and continuous development of AWAs.
The role also serves as a communication and
knowledge conduit, sharing strategic initiatives and daily updates within the
firm and assisting with change management.
Primary Responsibilities
- Facilitate discussions, reviews, and collaborative goal setting with Associate Wealth Advisors, fostering accountability for both individual and team objectives.
- Establish ongoing communication forums with the members of their team.
- Partner with other departments and Director to ensure implementation of best practices and new firm rollouts.
- Drive planning and service harmonization in alignment with stated advisory team client experience objectives.
- Ensure efficient use of financial planning tools and resources.
- Foster a culture of accountability aligned with the firm’s mission and values.
- Advocate for advisors and give voice and context to their diverse perspectives and experiences within the firm.
- Collaborate with the Director to determine and guide advisory team business plans and staffing.
- Coach and mentor Associate Wealth Advisors with timely and thoughtful feedback and guidance.
- Responsibility in assisting the firm to achieve its OKRs.
- Promote strong compliance practices.
- Promote a smooth working relationship with Associate Wealth Advisors and Client Relationship Specialists to support overall team effectiveness.
- Maintain established communication channels with the Director to report progress and resolve issues.
- Participate in committees and/or projects as requested by the Advisory Leadership Team
- Take a leading role in operational projects ensuring advisors are represented, and a strong feedback loop is established.
- Function as a collaborative, results-oriented member of the Advisory Leadership Team
- Travel: Approximately 25%, with the possibility of additional travel depending on business needs.