Senior Financial Planner
Posted on:
April 29, 2024
Centillion Wealth Advisory is an Independent Wealth Management firm that distinguishes itself by providing a truly client-centric offering and experience. The Financial Planner is an ambassador of our brand and firm’s ethos and is responsible for providing comprehensive financial advisory services to financial planning individuals. This role involves building and maintaining strong client relationships, understanding clients' financial and legacy goals and objectives, and developing personalized strategies to help them achieve their wealth management objectives. In summary, the key areas and purpose of this role are the following:
Responsibilities
1. CLIENT RELATIONSHIP MANAGEMENT:
- Develop and maintain strong relationships with financial planning individuals.
- Understand the client holistically to be able to provide estate structuring and risk mitigation advice
- Understand clients' financial goals, risk tolerance, and investment preferences.
- Conduct regular meetings and reviews with clients to assess progress towards goals and adjust strategies as needed.
- Act as the primary point of contact for clients, addressing any inquiries or concerns promptly and professionally.
2. FINANCIAL PLANNING AND ANALYSIS:
- Conduct comprehensive financial analyses to assess clients' current financial situations.
- Develop personalized wealth management plans and investment strategies tailored to clients' specific objectives and risk profiles.
- Ability to engage and advise the client holistically taking into consideration their family dynamics, business interests and other related entities such as trusts.
- Continuously monitor and evaluate clients' investment portfolios, making adjustments as necessary to optimize performance in line with the client’s growth requirements, risk-return preference and financial goals while managing risk and client experience.
- Provide strategic advice on wealth preservation and growth, tax optimization, estate planning, and investment planning.
- Prepare and be able to supervise and guide support staff in the preparation of client proposals for cash management, risk planning, investment planning, estate planning, or other areas to help clients achieve their financial goals
- Investigate and be able to supervise support staff in investigating available product alternatives compatible with the client's financial plans
- Review clients' portfolios regularly to ensure that their portfolios remain relevant and in line with their life and economic changes.
3. INVESTMENT MANAGEMENT:
- Monitor market trends and economic developments to identify suitable investment opportunities across various asset classes, including equities, fixed income, property, and alternative investments.
- Construct well-diversified investment portfolios aligned with clients' risk-return preferences and financial goals.
- Implement investment strategies efficiently, utilizing appropriate investment vehicles and structures.
4. COMPLIANCE AND REGULATORY ADHERENCE:
- Ensure compliance with all relevant regulatory requirements and industry best practices.
- Maintain accurate and up-to-date client records and documentation.
- Adhere to the firm's policies and procedures regarding client confidentiality, data security, and ethical conduct.
5. TEAMWORK & GOVERNANCE
- Continually share, interrogate, debate and communicate learnings
- Flag and debate strategic and operational issues constructively
- Promote a friendly cooperative climate understand group dynamics and apply appropriate facilitation techniques in working with others to achieve collective goals
- Ensure compliance with all regulations, business related practices and processes by working with support functions
- Address all internal and external audits as well as risk findings relating to the Wealth Advisory functions
- Contribute to ensuring that all internal and externally sourced data required for portfolio management, advice and reporting-related purposes are available and correct
- Skilled at mentoring/coaching subordinate staff
6. SELF-MANAGEMENT
- Demonstrates pride in the organisation's brand services and products by consistently delivering on the brand promise
- Drive best-in-class solutions and practices
- Follow through to ensure that personal quality and productivity standards are consistently and accurately maintained
- Stay relevant and up to date with regulatory developments, legislation and new industry developments.
- Maintain a positive attitude and respond openly to feedback
- Handle stress in ways that do not negatively impact others
- Plan and manage own workflow anticipating obstacles juggling priorities and following through on objectives within agreed timeframes and according to quality standards
- Take ownership of personal career development by leveraging formal and informal opportunities
- Accurately reads situations and organisational realities. Able to set aside personal agenda for the greater good
- Act in an ethical transparent and morally defensible manner including highlighting unethical practices
Qualifications /Skills/ Personal Attributes Required
- Post Graduate Diploma in Financial Planning and the Certified Financial Planner® designation.
- Bachelor's degree in financial planning, finance, economics, or a related field.
- Completed RE5 examination and met FSCA’s Fit and Proper requirements.
- Own reliable transportation. South African citizenship.
- Minimum of 5 years of experience in wealth management, financial advisory, or a related field, with a proven track record of success in serving financial planning clients.
- Strong understanding of financial markets, investment principles, and wealth management strategies.
- Excellent interpersonal and communication skills, with the ability to build rapport with clients and effectively convey complex financial concepts.
- Proficiency in financial modelling, portfolio analysis software, and Microsoft Office suite.
- Detail-oriented with a commitment to accuracy and compliance.
- Demonstrated ability to work independently and as part of a team in a dynamic and fast-paced environment.
- Achieve production targets and client portfolio growth as agreed through a combination of your own as well as Centillion Wealth Advisory business development initiatives.
- Maintain a client retention rate as agreed in the business.
- Maintain expert knowledge of all approved products, application procedures, processing and timelines to maintain client satisfaction and business standards.
- Contribute to the internal deal forum and ensure your quality of advice remains high and consistent and in line with Centillion Wealth’s investment philosophy and product offering.
- Develop networks and build alliances to support Centillion Wealth’s growth initiatives.
- Contribute to the team to improve business decisions by providing accurate and reliable business intelligence (information) together with analysing trends and data
- Provide regular reports on the delivery of services against agreed service level agreements and in terms of overall business targets
- Accumulate information to review work progress that provides input to reporting, decision making and the identification of improvement opportunities.
- Take all necessary actions to ensure compliance with relevant statutory, legislative, policy and governance requirements in the area of accountability.
- Maintain expert knowledge of relevant legislative amendments, industry best practices and Centillion Wealth’s internal compliance policies, procedures and requirements. Ensure compliance is adopted in terms of systems and procedures as laid out by Centillion Wealth.
- Implement and provide input into the development of governance and compliance procedures and processes within your area of specialisation and identify risks.
- Ensure optimal usage and protection of business assets.
- Client-centric and excellent interpersonal skills
- Confident and able to network with high-net-worth clients
- Able to work overtime to meet deadlines and can work under pressure
- Strong computer literacy in MS Office Suite
- Numeric competency and accuracy
- Strong ability to communicate both internally and externally at different levels
- Problem-solving skills
- Forward-thinking with attention to detail
- Able to lead, mentor and motivate subordinate staff members
- Time-management skills
- Be willing to take on any other duties as may be required from time to time
- Analytical and conceptual thinking abilities
- Good written and verbal communication skills
- Good stakeholder management abilities
- Resourceful, proactive and able to take initiative
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