Wealth Management Specialist develops individualized wealth management financial plans and recommendations to help clients attain financial goals by selecting investment solutions to minimize risk and grow wealth. Uses broad knowledge of investment products to educate clients on available investment options and create planning scenarios for retirement, education savings, and other financial objectives. Being a Wealth Management Specialist keeps abreast of economic conditions and new financial products to inform and advise clients on potential enhancements to existing financial plans and create up-sell opportunities. Monitors client portfolios to ensure appropriate risk profile. Additionally, Wealth Management Specialist follows all regulatory and organizational policies and procedures. May be involved with selling or coordinating the purchase of additional financial products or services to clients. Requires a bachelor's degree in finance, accounting, business or equivalent. May have the Certified Financial Planner (CFP) designation. Typically reports to a manager. The Wealth Management Specialist work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be a Wealth Management Specialist typically requires 4 -7 years of related experience. (Copyright 2024 Salary.com)
We are currently seeking an entry-level Financial Paraplanner to join our team! You will conduct quantitative analyses of various investment and financial programs.
Financial Paraplanners are primarily responsible for assisting financial planners and associate financial planners in a wide range of tasks and services. Paraplanners work by using computer software and a printer to assemble meeting documents, produce financial reports, and update and maintain financial data in financial planning software. They also prepare documents such as investment management agreements, financial planning agreements, account applications, and account transfers.
Generally, financial paraplanners conduct client-specific research and other work assigned by financial planners or their associates. Paraplanners must maintain client files in database systems, conduct research to answer questions for clients and supervisors, and assemble documents such as agendas, performance reports, investment detail reports, financial planning scenarios, and insurance and beneficiary designation inventories for meetings with clients.
Financial paraplanners also help solve service problems with clients by working with custodians, trustees, mutual fund companies, brokers/dealers, and other third-party administrators. During the tax season, they provide support by doing cost-basis research for securities transactions, including delivering IRS Forms 1099 to clients, reporting management fees, and calculating required minimum distributions.
Aspiring financial paraplanners should have report-writing skills and the ability to conduct research and analyze statistics. They should also have time-management skills, in-depth understanding of federal and state compliance issues, and excellent information technology (IT) skills. Finally, financial paraplanners should have an undergraduate degree in a business-related field and prior experience in financial planning; they should attain the FINRA Series 7 and 66 within one year and seek to obtain other financial planning credentials, such as the CFP designation.
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Hybrid Schedule! Tuesday, Wednesday, and Thursday in office. Monday & Friday are remote.
Job Type: Full-time
Pay: $32,000.00 - $42,000.00 per year
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Work Location: Hybrid remote in Chattanooga, TN 37421
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