Wealth Management Associate
Role
Wealth Management Associate
Location
Cape Town, Southern Suburbs
Industry
Wealth Management
Salary
R45k / month
Our client, a Wealth Management company, is seeking a Wealth Management Associate to join their team and provide exceptional support to the Director, by managing deadline-driven administrative tasks with a strong focus on client-centricity, professionalism, and trust.
The Wealth Management Associate (WMA) will act as an essential partner to the Director, ensuring seamless execution of operational responsibilities to enhance the client experience.
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 sound level of product knowledge by keeping up to date with products used by service providers.
Compile proposal documents based on the Director (Wealth Manager) instruction and recommendations.
Compile a financial needs analysis and retirement needs analysis based on Director (Wealth Manager) recommendations and instructions.
Construct & produce Asset Allocation reports for existing clients.
Construct & produce Proposals for both new and existing clients.
Prepare Goals Based Wealth Management proposals and reports for clients.
Prepare Financial Needs Analyses for both new and existing clients.
Preparation of meeting packs for Family Office clients.
Draft Record of Advice documents, Replacement Records and other relevant documentation to accompany proposals.
Assisting the Associate Team and Pod with complex structure onboarding both locally and offshore.
Constant innovation of client reports.
Provide technical support e.g. performance queries (using Morningstar Direct analysis software).
Assist in the development and maintenance of wealth management products / strategies.
Assist Wealth Managers and Wealth Management Associates troubleshooting Financial Needs Analyses for clients.
Compile supporting documentation to assist Wealth Managers in proposal process, eg: product structure comparisons.
Qualifications, Skills & Experience
A related BComm or BBusSci degree and a Postgraduate Degree in Financial Planning (advantageous)
CFP designation advantageous
RE5 advantageous
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
Preparing detailed and complex proposals and financial needs analyses for clients.
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
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