Private Advisor Job Description
Private advisor
provides full array of solutions including loans, investment management, insurance, trust services and wealth planning products and services.
Private Advisor Duties & Responsibilities
To write an effective private advisor job description, begin by listing detailed duties, responsibilities and expectations. We have included private advisor job description templates that you can modify and use.
Sample responsibilities for this position include:
Continuously reviewing and analyzing existing and proposed Chinese, Hong Kong, and U.S. banking legislation and regulations in order to ensure compliance while identifying business opportunities for customized private banking products and services
Serving as the subject matter expert for, and counseling private banking and wealth management teams on, Shanghai Free Trade Zone ("SFTZ"), Qualified Domestic Individual Investor Program ("QDI12"), and other Chinese banking legislation and regulations
Training U.S. private banking personnel on cross-border and bridging transactions and Chinese banking legislation and regulations
Originate credit and deposit leads from existing clients and prospects and participate in new marketing initiatives
Access and update information on trust accounting platform
Utilizing advanced knowledge of EWB's bridge banking policies and procedures to initiate and coordinate complex cross-border and bridging transactions for EWB wealth management clients in the U.S. and China
Directing and overseeing our Chinese Wealth Management Cross-Sell Program to grow our wealth management and private banking business opportunities with existing corporate clients
Assesses clients' financial situation by gathering information regarding investments, asset allocation, savings, tax planning, retirement planning, and estate planning, evaluating risk tolerance
Markets services by asking for referrals from current clients, meeting prospects at community functions, responding to inquiries, developing promotions, presenting financial planning seminars
Act as local expert for business solutions for wealth management teams, bringing appropriate lending and capital raising to the wealth management teams
Private Advisor Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Private Advisor
List any licenses or certifications required by the position: CFP, MBA
Education for Private Advisor
Typically a job would require a certain level of education.
Employers hiring for the private advisor job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Accounting, Business, Education, MBA, Management, Graduate, Business/Administration, Financial Services, Economics
Skills for Private Advisor
Desired skills for private advisor include:
Trust
Bank products
U.S. Bancorp Banking
Investment products and services
Services and capabilities
Facets of wealth management
Banking
Investment and credit products and services
Credit
Consumer lending
Desired experience for private advisor includes:
Comfortable exploring beyond one's area of technical expertise
Demonstrated ability to work with clients in a consultative fashion
Proven track record in building client relationships
Conscientious individual with a high level of attention to detail Solid client relationship and negotiation skills
Ability to uncover needs that are not articulated or clearly expressed by the client Strategic use of leverage as part of a financial plan
Strong COI relationship and broad network of external advisors
Private Advisor Examples
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Private Advisor Job Description
Job Description Example
Our company is growing rapidly and is looking for a private advisor. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for private advisor
- Assessing clients' financial situation by gathering information regarding investments, asset allocation, savings, tax planning, retirement planning, and estate planning, evaluating risk tolerance
- Marketing services by asking for referrals from current clients, meeting prospects at community functions, responding to inquiries, developing promotions and presenting financial planning seminars
- Work cooperatively with assigned Private Client Advisors (PCAs) by providing administrative support in the opening, administration and closing of fiduciary, agency and custodial accounts
- Deliver superior service to our clients and their external professionals to include through independent problem identification, resolution and direct communication on service and administrative issues
- Identify and resolve operational issues by working independently with internal partners
- Assist PCAs with monitoring and controlling risk in all aspects of account administration
- Assist PCAs in handling cash receipts and disbursements for accounts
- Prepare new account paperwork, and obtain other documentation necessary to establish various account types coordinate and track the opening process with internal partners
- Input and maintain customer information in client relationship management system
- Coordinate account terminations (i.e., circulate necessary notices, value assets, prepare distribution schedule and coordinate transfer of assets)
Qualifications for private advisor
- Strong product knowledge across all asset classes and can handle a discussion on various wealth topics (tax planning techniques & structure oldco, opco, family trust, cross boarder issues )
- Leadership experience with working in an environment that stresses team based, individual performance
- Displays professional presence within the professional community and organizations
- Bachelor’s degree and minimum of ten (10) years of relevant work experience
- Two to three years of customer-facing investment, insurance, financial planning and sales experience required (phone-based sales a plus)
- Canadian Securities Course & Conduct and Practices Handbook (Candidates must have completed the CSC & CPH before starting employment)
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Private Advisor Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of private advisor. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for private advisor
- File documents in the administrative, investment and vault files
- Prepare various administrative presentations, reports, memos and letters as requested
- Greet clients and arrange and/or participate in meetings as deemed necessary by the PCAs
- Perform special tasks and projects as assigned and time permits
- Responsible for providing deposit sales management coverage to the Wealth Management team
- Responsible for the deposit growth of the markets within their assigned region
- Partners with the business to define the deposit growth opportunity for new and existing clients at the market levels
- Actively participates in meetings to highlight new products and features, sales management tactics, and reinforcement of monthly deposit priorities
- Implement and practice the in-forced policies and procedures to the Wealth Management line of business which should
- Completing due diligence and ensuring that the account opening, currency conversion and wires transfer for U.S. and Chinese high-net worth clients are completed in accordance with EWB's complex three-way (U.S. — H.K
Qualifications for private advisor
- A professional designation CA, CFP, LLB, MBA, CFA would be considered an asset but not required
- Extremely client-centric
- Advanced degree in social science, business or related field
- Experience working in underserved areas throughout Egypt preferred
- Prior USAID experience preferred
- 5 years of commercial banking/wealth management experience
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Private Advisor Job Description
Job Description Example
Our company is hiring for a private advisor. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for private advisor
- Conducting market research to determine the demand of China's wealth management market, recommendations on product offerings and business development strategies to senior management
- Assesses client's source of wealth, growth of business, lending needs and creative financing to further grow and expand their wealth
- Target High Net Worth clients and cash deposits, make East West Bank their primary bank
- Develops financial strategies by guiding client to establish financial goals, matching goals to situation with appropriate financial plans
- Obtains clients' commitment by explaining proposed financial plans and options, explaining advantages and risks, providing explanations, alleviating concerns, answering questions
- Provides financial management information by preparing financial status analyses and reports
- Updates job knowledge by tracking financial markets, general economic conditions, and new financial products, participating in educational opportunities, reading professional and technical publications, maintaining personal networks, participating in professional organizations
- Consultants may be required to be licensed to buy and sell financial products such as insurance policies, stocks and bonds
- May be required to travel or to work non-traditional hours to meet with clients in their homes or businesses
- Consultants may be asked to offer financial planning classes or seminars to reach out to potential clients
Qualifications for private advisor
- A professional presence, approach and desire to exceed client expectations
- Proficiency in Word and Excel, professional letter writing and electronic communication
- Demonstrated superior customer contact skills and an ability and confidence to work independently
- Knowledge of wealth management services and products
- Able to independently quote most coverages for existing clients and (general and technical) has familiarity with excess & surplus placements
- Demonstrates a commitment to being customer-centric by ensuring a legendary service is provided during every customer interaction to maximize retention and growth
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Private Advisor Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of private advisor. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for private advisor
- Rewards for top Producers
- Dependent care
- Parking and transit expense
- Conducts Client Advisory Reviews via virtual meetings
- Implements and maintains a quality service plan ensuring the accuracy of binders, policies, and other relevant documents that are delivered to clients
- Serves as the project manager for the account team on large initiatives or complex accounts, implements action plans, monitors progress, assures service meets or exceeds expectations and protects the Firm from Errors & Omissions
- Conducts and refines data analyses to support proposal creation and account-facing presentations
- Offers technical and transactional support for complex or high-priority relationships when needed to ensure relationship satisfaction and facilitate a mutual internal and external understanding
- Needs assistance with quoting coverage for existing clients
- Identify new leads and gather the necessary information for submissions
Qualifications for private advisor
- Extensive track record for managed account solutions book of business
- May work with more complex clients
- Partners with Private Client Relationship Managers in support of securing new clients with potential investment needs
- May act as primary point of contact for legacy client relationships
- Implements investment objectives and strategies for client base
- Uses advanced knowledge of Investment Products and concepts to proactively introduce new investment ideas and solutions to enhance the client’s portfolio
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Private Advisor Job Description
Job Description Example
Our company is looking for a private advisor. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for private advisor
- Manage the overall documentation process and negotiate Credit Agreements as needed to facilitate closing of approved loans
- Develop, present and sell new business proposals to appropriate prospects
- Provide continuous professional advice, guidance & suggestions for improving the insurance and risk management programs of agency clients & prospective clients
- Sell additional coverage to existing clients
- Attend and actively participate in regular sales meetings
- Facilitate communication with assigned account manager and constant communication to ensure client satisfaction
- Achieve annual sales goals and provide regular feedback to the Sales Manager or Profit Center Leader on progress toward those goals
- Advise the government and private sector on policy recommendations based on project results to increase quality of TB care in the private sector
- Develop relationships with and provide technical guidance to the Coalition of Health Professions Associations for TB (KOPI-TB) at national, provincial, and district levels to enhance the District Public-Private Mix network
- Work with the private sector health sector to support and develop activities testing incentives and enablers for increasing private sector diagnosis, successful treatment, and notification of TB
Qualifications for private advisor
- Monitors client portfolios and recommends and implements changes as necessary
- Required FINRA Series 7 and 63 licenses
- Awareness of and application of employment law
- End to end employee cycle administration experience
- Strong stakeholder management interaction and experience
- Can demonstrate ability to act under pressure and have the confidence to have difficult conversations