What are the responsibilities and job description for the Associate Wealth Advisor position at JFS Wealth Advisors?
Key Responsibilities:
- Identifies and fulfills clients’ financial planning needs.
- Works with advisors to interview clients to determine assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives.
- Analyzes client’s financial status, develops financial plans based on analysis of data, and discusses financial options with clients.
- Prepares personal financial plans for presentation by other professional team members and/or presents personal financial plans. Interfaces with other internal and external financial professionals, as needed.
- Ensures client plans are executed and modified as needed.
- Attends and/or runs progress review meetings regarding financial plans and financial accounts.
- Maintains contact with clients and/or advisors to revise plans based on modified goals and needs of clients or changes in investment markets, tax laws, retirement, and insurance opportunities.
- Researches information to resolve complex client situations.
- Monitors financial accounts to ensure planned strategy is being implemented and transfers proceed properly.
- Coordinates client meeting preparation and follow-up.
- Works with an advisor and client relationship support to prepare for client meetings according to our meeting prep process, including developing meeting agendas, note review, account performance review, and completing Financial Goal Plan updates.
- Responsible for completing and/or monitoring completion of meeting follow-up tasks.
- Participates in client meetings as requested by advisor.
- Assists with new client onboarding and account openings/transfers.
- Responsible for processing employer retirement plan rollovers (401k, 403b, etc.), including assisting the client with the request.
- Serves as a resource/intermediary for the service support team to help field questions.
- Participates in business development activities.
- Participates in prospect and COI development activities of advisory team.
- Participates in firm teams as assigned.
- Participates in team meetings such as Financial Planning/Wealth Strategies Team, Investment Team, Business Development Team, and/or others as directed.
- Interfaces with clients to provide exceptional service.
- Follows up with clients for additional information required by advisors.
- Meets with clients as requested by advisors and follows up on client questions and concerns with advisors.
- Serves as contact/resource for clients calling with questions regarding their financial accounts.
- Executes on directions from clients to meet their transactional and other needs.
- Forwards calls or questions that cannot be answered to an advisor as appropriate.
- Communicates daily with advisory team members and others as needed, particularly regarding client matters.
- Provides client relationship support for advisors.
- Facilitates and executes tasks and ensures prompt and complete follow-through.
- May prepare performance reports, including certain institutional reports.
- Interfaces with custodians and service vendors, as needed.
- Communicates with custodians regarding alerts or service/maintenance needs.
- Works with outside service vendors to complete analysis or implement planning recommendations.
- Contributes to team effort.
- Interacts with other employees and departments to promote smooth workflow and identify and resolve problems.
- Advances the firm’s image and accomplish results, which support the firm’s mission.