Wealth Planning Consultant - Private Wealth
Top Benefits
About the role
Description
Provides wealth planning, advanced financial planning, guidance and counsel focused on High Net Worth and Ultra High Net Worth (HNW/UHNW) client segments. Works collaboratively in partnership with BMO Private Wealth relationship managers to develop and deliver a client-focussed wealth planning experience culminating in a documented wealth strategy. Participates in the end-to-end wealth planning experience, from discovery to financial planning analysis, development of high value financial plans and recommendations, to coaching/assisting with presentations to clients. Creates awareness of key products and services with the objective of generating increased asset levels from HNW/UHNW investors. Supports the growth and retention of client assets by providing wealth planning advice/guidance to BMO Private Wealth relationship managers to broaden the dialogue with clients, consolidate assets, and increase revenues. Executes a disciplined approach to all sales and wealth management strategies to support regional and national business growth while focussing on the client experience.
- Leads/facilitates goals-based discovery process directly with clients, and ensures standards relative to data capture and plan creation are met thereafter to maintain effective knowledge management within business/group.
- Develops detailed and complex financial plans for clients to help meet their financial objectives. Conducts presentations to clients, as required.
- Implements strategies to increase the scope of services to help clients achieve their personal goals and to contribute to the overall growth of business results.
- Develops internal/external networks and referral sources to grow business within the assigned region.
- Ensures that the region's client experience standards for financial planning and client relationship development are met.
- Acts as a trusted advisor to assigned business/group.
- Assists in the development of strategic plans.
- Identifies emerging issues and trends to inform decision-making.
- Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
- Helps determine business priorities and best sequence for execution of business/group strategy.
- Conducts independent analysis and assessment to resolve strategic issues.
- Works closely with BMO Private Wealth relationship managers in the development and delivery of HNW management solutions.
- Works with Branch Managers to increase awareness of wealth planning in their branches.
- Leverages expert planning resources in the field of taxation, estate & trust and succession planning to assess and provide insights to clients.
- Builds effective relationships with internal/external stakeholders.
- Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
- Generally, the WPC is lead planner for clients with $2 - $5 million in investable assets with ability to take on larger client portfolios, as required.
- Generally, the Senior WPC is lead planner for clients with $5 - $7 million in investable assets with ability to take on larger client portfolios, as required.
- Provides coaching/training to BMO Private Wealth relationship managers to support their delivery of wealth management solutions.
- Develops and executes regular sales campaigns and awareness articles for BMO Private Wealth relationship managers through internal publications.
- Provides proactive, integrated and customized advice, and creates & implements wealth planning strategies to help clients achieve their financial goals.
- Reinforces sales processes and the client experience by identifying gaps and best practices to ensure delivery of complex wealth plans for clients.
- Demonstrates a consultative and collaborative selling approach to facilitate the desired client experience and achieve business objectives.
- Provides insight and expertise on advanced financial planning concepts to include tax, estate and succession planning, philanthropy, and other complex wealth service offerings.
- Protects the Bank’s assets by adhering to all banking, investment and lending regulations, Bank policies and procedures, legal and ethical requirements and regulations, process requirements, and established risk guidelines.
- Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
- Provides specialized consulting, analytical and technical support.
- Exercises judgment to identify, diagnose, and solve problems within given rules.
- Works independently and regularly handles non-routine situations.
- Broader work or accountabilities may be assigned as needed.
Qualifications:
- For WPC, minimum of 1-3 years of relevant experience and post-secondary degree in related field of study.
- For Senior WPC: minimum of 3-5 years of relevant experience and post-secondary degree in related field of study.
- Experience in selling to Investment Advisors or HNW clients.
- Experience in financial planning is an asset.
- CFP designation.
- MBA considered an asset.
- LL.B/LL.L/LL.M is considered an asset.
- Life Insurance designation is considered an asset.
- Working knowledge of financial planning software (WealthPath/Voyant an asset).
- Trust & Estate Practitioner designation an asset.
- Deep knowledge and technical proficiency gained through extensive education and business experience.
- Verbal & written communication skills - In-depth.
- Collaboration & team skills - In-depth.
- Analytical and problem solving skills - In-depth.
- Influence skills - In-depth.
- Data driven decision making - In-depth.
The base salary for this role in Halifax is from $ 100 000.00 to $ 145 000.00
plus an annual performance-based bonus.
Salary :
$61 200,00 - $114 400,00
Pay Type:
Salaried
The above represents BMO Financial Group’s pay range and type. Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.
BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards
About Desjardins
Desjardins Group is the largest cooperative financial group in North America and the fifth largest cooperative financial group in the world, with assets of $435.8 billion as at March 31, 2024. It was named one of Canada's Best Employers by Forbes magazine and by Mediacorp. To meet the diverse needs of its members and clients, Desjardins offers a full range of products and services to individuals and businesses through its extensive distribution network, online platforms and subsidiaries across Canada. Ranked among the world's strongest banks according to The Banker magazine, Desjardins has some of the highest capital ratios and credit ratings in the industry and the first according to Bloomberg News.
Wealth Planning Consultant - Private Wealth
Top Benefits
About the role
Description
Provides wealth planning, advanced financial planning, guidance and counsel focused on High Net Worth and Ultra High Net Worth (HNW/UHNW) client segments. Works collaboratively in partnership with BMO Private Wealth relationship managers to develop and deliver a client-focussed wealth planning experience culminating in a documented wealth strategy. Participates in the end-to-end wealth planning experience, from discovery to financial planning analysis, development of high value financial plans and recommendations, to coaching/assisting with presentations to clients. Creates awareness of key products and services with the objective of generating increased asset levels from HNW/UHNW investors. Supports the growth and retention of client assets by providing wealth planning advice/guidance to BMO Private Wealth relationship managers to broaden the dialogue with clients, consolidate assets, and increase revenues. Executes a disciplined approach to all sales and wealth management strategies to support regional and national business growth while focussing on the client experience.
- Leads/facilitates goals-based discovery process directly with clients, and ensures standards relative to data capture and plan creation are met thereafter to maintain effective knowledge management within business/group.
- Develops detailed and complex financial plans for clients to help meet their financial objectives. Conducts presentations to clients, as required.
- Implements strategies to increase the scope of services to help clients achieve their personal goals and to contribute to the overall growth of business results.
- Develops internal/external networks and referral sources to grow business within the assigned region.
- Ensures that the region's client experience standards for financial planning and client relationship development are met.
- Acts as a trusted advisor to assigned business/group.
- Assists in the development of strategic plans.
- Identifies emerging issues and trends to inform decision-making.
- Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
- Helps determine business priorities and best sequence for execution of business/group strategy.
- Conducts independent analysis and assessment to resolve strategic issues.
- Works closely with BMO Private Wealth relationship managers in the development and delivery of HNW management solutions.
- Works with Branch Managers to increase awareness of wealth planning in their branches.
- Leverages expert planning resources in the field of taxation, estate & trust and succession planning to assess and provide insights to clients.
- Builds effective relationships with internal/external stakeholders.
- Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
- Generally, the WPC is lead planner for clients with $2 - $5 million in investable assets with ability to take on larger client portfolios, as required.
- Generally, the Senior WPC is lead planner for clients with $5 - $7 million in investable assets with ability to take on larger client portfolios, as required.
- Provides coaching/training to BMO Private Wealth relationship managers to support their delivery of wealth management solutions.
- Develops and executes regular sales campaigns and awareness articles for BMO Private Wealth relationship managers through internal publications.
- Provides proactive, integrated and customized advice, and creates & implements wealth planning strategies to help clients achieve their financial goals.
- Reinforces sales processes and the client experience by identifying gaps and best practices to ensure delivery of complex wealth plans for clients.
- Demonstrates a consultative and collaborative selling approach to facilitate the desired client experience and achieve business objectives.
- Provides insight and expertise on advanced financial planning concepts to include tax, estate and succession planning, philanthropy, and other complex wealth service offerings.
- Protects the Bank’s assets by adhering to all banking, investment and lending regulations, Bank policies and procedures, legal and ethical requirements and regulations, process requirements, and established risk guidelines.
- Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
- Provides specialized consulting, analytical and technical support.
- Exercises judgment to identify, diagnose, and solve problems within given rules.
- Works independently and regularly handles non-routine situations.
- Broader work or accountabilities may be assigned as needed.
Qualifications:
- For WPC, minimum of 1-3 years of relevant experience and post-secondary degree in related field of study.
- For Senior WPC: minimum of 3-5 years of relevant experience and post-secondary degree in related field of study.
- Experience in selling to Investment Advisors or HNW clients.
- Experience in financial planning is an asset.
- CFP designation.
- MBA considered an asset.
- LL.B/LL.L/LL.M is considered an asset.
- Life Insurance designation is considered an asset.
- Working knowledge of financial planning software (WealthPath/Voyant an asset).
- Trust & Estate Practitioner designation an asset.
- Deep knowledge and technical proficiency gained through extensive education and business experience.
- Verbal & written communication skills - In-depth.
- Collaboration & team skills - In-depth.
- Analytical and problem solving skills - In-depth.
- Influence skills - In-depth.
- Data driven decision making - In-depth.
The base salary for this role in Halifax is from $ 100 000.00 to $ 145 000.00
plus an annual performance-based bonus.
Salary :
$61 200,00 - $114 400,00
Pay Type:
Salaried
The above represents BMO Financial Group’s pay range and type. Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.
BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards
About Desjardins
Desjardins Group is the largest cooperative financial group in North America and the fifth largest cooperative financial group in the world, with assets of $435.8 billion as at March 31, 2024. It was named one of Canada's Best Employers by Forbes magazine and by Mediacorp. To meet the diverse needs of its members and clients, Desjardins offers a full range of products and services to individuals and businesses through its extensive distribution network, online platforms and subsidiaries across Canada. Ranked among the world's strongest banks according to The Banker magazine, Desjardins has some of the highest capital ratios and credit ratings in the industry and the first according to Bloomberg News.