Wealth Management Associate
Role
Wealth Management Associate
Location
Southern Suburbs, Cape Town
Industry
Asset Management
Our client, a Wealth Management organisation, is seeking a Wealth Management Associate to join their expanding team.
The main purpose of this role is to deliver exceptional support to a wealth manager, effectively managing deadline-driven tasks, with client-centricity, professionalism, and trust at the core of operations.
Key Responsibilities:
Prepare and collate new client onboarding documentation.
Oversee the management and updating of client CRM profile.
Liaise with external and internal providers on client specific queries and implementation of instructions.
Resolve and manage admin related queries or issues with clients directly on behalf of the Wealth Manager
Manage the process of preparation of client review packs (with assistance from administrative team and Paraplanners where necessary and as per business requirements)
Apply basic knowledge of the FAIS General Code of Conduct in daily work.
Draft and/or check Record of Advice and Replacement disclosure forms accurately and correctly to company internal compliance standards.
Ensure CDD is done on all clients based on their risk profile according to FICA and company RMCP with guidance from internal compliance
Ensure a basic level of product knowledge by keeping up to date with products used by service providers.
Compile proposal documents based on the Wealth Manager instruction and recommendations.
Compile a financial needs analysis and retirement needs analysis based on Wealth Manager recommendations and instructions.
Requirements:
Experience in and solid knowledge and understanding of the financial planning environment, FAIS (CAT II advantageous), and FICA
3-5 years working experience in the financial planning environment assisting Wealth Managers and Financial Advisors with administrative tasks or within administration with a focus on high volume tasks and responsibilities
Commerce or financial degree from a reputable tertiary institution
Ability to prioritise, organise and plan around large amounts of information and tasks.
Ability to execute on a wide variety of tasks with accuracy and within required timeframes.
High attention to detail and low tolerance for errors
Sound knowledge of and experience in FICA and FAIS
Highly numerate
Punctual
Ability to work very well in a team.
Fluent in English (verbal and written) and must be confident in communicating with clients telephonically.
Ability to take initiative.
Keen interest in Fintech systems
Fast learner