The Wealth Planner is responsible for assessing clients' financial goals and developing tailored strategies to achieve financial security and success. This includes evaluating clients' needs for estate planning, wealth transition, and long-term financial objectives. The role involves analyzing clients' financial situations and providing advice on investments, tax planning, retirement planning, and other financial matters. Additionally, the Wealth Planner guides clients through various stages of their financial lives, adjusting strategies as necessary based on changing personal or financial circumstances. The role requires discretion and independent judgment, including making decisions on financial strategies and analyzing complex financial data. The Wealth Planner communicates with clients, develops financial plans, and ensures compliance with relevant laws and regulations. The responsibilities are essential to the clients' financial success and the operations of the business.
Principal Duties & Responsibilities:
- Independently assess clients' financial goals and develop tailored strategies to achieve financial security and success, focusing on long-term objectives such as estate planning and wealth transition.
- Evaluate clients' needs in areas such as investments, tax planning, retirement planning, and estate planning, providing high-level expertise and actionable strategies.
- Independently create comprehensive financial plans that address clients’ retirement projections, tax strategies, Social Security claims, education funding, stock options, and risk management, using advanced financial planning tools and proprietary models.
- Proactively monitor and reassess clients' financial situations to ensure financial plans remain aligned with evolving goals, life stages, and financial circumstances, exercising independent judgment to adjust strategies as needed.
- Leverage financial planning software (e.g., MoneyGuidePro, E-Money) to design, model, and refine detailed, customized financial plans that meet each client’s specific needs.
- Collaborate with Relationship Managers (RM) and Wealth Advisors to ensure an integrated, seamless client experience, executing strategies with precision, accountability, and timeliness.
- Enhance client relationships through needs assessments and ongoing dialogues, identifying opportunities to proactively address clients’ evolving financial needs and adjust plans to meet those needs.
- Work closely with Subject Matter Experts (SMEs) to develop and implement strategies tailored to each client’s unique financial circumstances and long-term goals, ensuring high-level, customized solutions.
- Guide clients through various stages of their financial lives, making independent decisions and adjusting strategies based on personal or financial changes that may affect their financial situation.
- Stay informed on industry best practices and financial planning trends, particularly in areas such as wealth transfer, business succession, retirement planning, and estate and tax strategies, to maintain an expert level of knowledge and client service.