About The Role
Purpose
To act as a client adviser within the 7IM Private Client Team. Offering the full range of wealth management solutions available.
Responsibilities
Client Work
* You will be responsible for managing and growing your own portfolio of clients.
* Support colleagues in providing financial planning advice where necessary.
Wealth Management
* Provide comprehensive Wealth Management & Financial Planning Advice.
* Advise on all aspects of financial planning, including reviewing existing plans, pooled investment vehicles, bonds, protection plans, retirement income, pensions, inheritance tax, tax-led investments, and cashflow modelling.
* Support fee-based financial planning across pensions, investments, savings, protection, and tax planning vehicles.
* Confirm the suitability of existing plans and assist in developing future arrangements.
Performance Measurement
* Performance will be measured against a balanced scorecard covering financial contribution, strategic engagement, risk and compliance, and behaviors.
Processes
* Follow established processes to deliver Wealth Management 360 services and other financial planning solutions.
* Provide advice aligned with our suitability framework.
Reporting
* Conduct annual reviews and prepare related advice.
* Prepare and issue financial planning reports in conjunction with colleagues.
Support
* Work internally with advisers and externally with solicitors, tax specialists, and accountants to meet report and deadline requirements.
Developing Business with New Clients
* Engage with and understand prospective clients' needs.
* Present and discuss the 7IM proposition and tailor proposals accordingly.
* Convert prospects into clients and increase assets and revenue.
Non-Client Work & Strategy
* Participate in departmental and external provider meetings.
* Lead research and analysis for advice areas, supporting team strategy development.
Information Technology
* Maintain understanding of company systems and use them in line with policies for client records management.
Marketing
* Assist in marketing and promoting wealth management services externally and within the group.
Back Office
* Understand back office procedures including client onboarding, report production, valuations, and advice procedures, primarily via Xplan.
Other Responsibilities
* Undertake projects or responsibilities assigned.
* Act in the best interest of clients, adhering to FCA requirements and company policies on Treating Customers Fairly, MiFID II, and SMCR.
* Act in good faith, prevent harm, and support clients in achieving their financial goals.
This list is not exhaustive and additional duties may be assigned as appropriate.
About You
Skills
* Excellent client-facing skills and communication skills.
* Commercial focus.
* Strong research and analytical skills with demonstrable experience.
* Good IT skills.
Knowledge
* Ability to work as part of a team and independently.
* Experience with life, investment, and pension products, including pooled investments, bonds, protection plans, and retirement income planning.
* Experience in Wealth Management, preferably within the IFA market or from an IFA background.
Qualifications
* Degree in a relevant discipline or equivalent experience.
* Progress towards or achieved Certified and/or Chartered Financial Planning status.
Other Relevant Information
* Comply with FCA rules, principles, and other regulatory requirements.
* Maintain an honest relationship with Compliance and ensure competence for your role.
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