Financial Advisor Senior
City National Bank, Woodland Hills, CA, United States
FINANCIAL ADVISOR SENIOR WHAT IS THE OPPORTUNITY? The Senior Financial Advisor (SFA) serves as Wealth Management's primary point of contact for assigned line of business to develop new business and maintain ongoing relationships with affluent individuals and families within a specific market
Interact with clients, prospects and colleagues on a regular basis providing asset management, financial planning, and brokerage services advice
Less experienced Financial Advisors (FA) will work in tandem with an assigned SFA to provide sales and client and colleague service support coverage
The SFA maintains overall responsibility for the assigned territory and the team's "book of business", with the FA focused on sales, client service responsibilities, and teaming with CNB colleagues for smaller Personal & Business Banking (PBB) wealth management opportunities or client relationships
While an FA's day-to-day activities will be performed independently, the SFA provides mentoring to further develop the FA's sales and relationship management skills
The FA progression can include complete responsibility for all duties associated with non-primary branch locations within the team's What you will do Business Development serves as the wealth mgmt
point of contact for Personal & Business Banking (PBB) Bank Responsible for revenue production goals related to advisory services and securities products
Assist in developing new relationships with PBB Bank through internal sources, from referrals, and through personal community involvement
Create opportunities to develop and promote ideas to win new business and cross sell to existing clients
Profile with specific emphasis on discovering investment related needs and solutions in collaboration with PBB colleagues
Establish sales calls and travel to attend sales meetings and client and colleague presentations at PBB branch offices and client locations
Lead discussions about all aspects of Wealth Management Services and be the primary point of contact for all new investment management opportunities
Relationship Management Take a lead role in managing investment services by planning, delivery, and regular review with clients
Communicate and provide regular updates on all client communications with PBB colleagues
Proactively communicate with clients about current conditions in the financial markets, and make necessary adjustments to their investment strategies
Communicate strategic shifts in the marketplace
Team effectively with PBB colleagues to set strategies and provide wealth management services across the full product spectrum
Analyze financial needs of clients and monitor their ongoing financial and personal circumstances to make adjustments or take action accordingly
Responsible for the overall on-boarding process and maintenance of new accounts
Ensure all client materials/presentations are prepared and analyzed prior to the scheduled client meeting
Provide on-going communication to client regarding adjustments or actions that should be taken
Client Portfolio Review and Management For Managed Solutions, structure client asset allocation appropriate with client’s investment objectives and risk tolerance based on CNAM models
Review the assets in each account regularly to ensure that investments meet the client’s investment objective and the executed Investment Policy Statement
Responsible for the preparation and presentation of the portfolio review materials at client meetings
Risk Management and Compliance Keep current on client’s financial information while ensuring that clients understand the solutions being provided
Maintain all appropriate training and continuing education requirements for licenses and certifications
Ensure that all required account documentation is collected and completed
For Directed Fixed Income portfolios, monitor for corporate and municipal bond concentrations and advise clients regarding appropriate portfolio diversification
Comply fully with all Bank and CNS Operational policies and procedures as well as all regulatory requirements (e.g
Bank Secrecy Act, Know Your Client, Community Reinvestment Act, Code of Conduct, FINRA, etc.)
Must-Have* Minimum 5 years of investment related experience Minimum 3 years experience in investment sales FINRA Series 7 and 63 and 65 or 66 California Insurance License Skills and Knowledge The SFA shows demonstrated success in an investment product sales role over a multi-year period
Strong understanding of financial planning and the investment process including familiarity with mapping clients’ investment needs to asset allocation models, structuring client investment portfolios, and portfolio analytics
Solid product knowledge and relationship management skills
Contributes positive suggestions and demonstrates productive collaboration with line of business partners
May possesses a BA or equivalent 8 years of experience in financial services or an MBA and 3-5 years of experience
May possess CFP, JD/LLM, CIMA or Cannon Certified Wealth Strategist designation
FINRA Series 7 and 63 securities licenses and state insurance license required
CFP designation highly preferred
Compensation Starting base salary is not included as this position is a commission-based role
The overall annualized compensation range is $70,000 to $130,000
*To be considered for this position you must meet at least these basic qualifications The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification
It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job
Benefits and Perks At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues
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INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank is an equal opportunity employer committed to diversity and inclusion
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.' ABOUT CITY NATIONAL We start with a basic premise: Business is personal
Since day one we've always gone further than the competition to help our clients, colleagues and community flourish
City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today
City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies