Wealth Strategist
City National Bank
Houston, TX 77002
$122,535 - $208,715 a year
Description
WEALTH STRATEGIST CNR
WHAT IS THE OPPORTUNITY?
This position is responsible for expanding City National Rochdale's (CNR) relationships with its high ultra-high net-worth (UHNW**) clients. Helps to attract new prospective clients to CNR by partnering with field business development officers. Support Sr Wealth Strategist and Wealth Strategist team in the development of HNW and UHNW client facing materials in the areas of Estates and Trusts, Income Taxation, Philanthropy, and Asset Protection, and Investments, with an emphasis on business owner wealth and succession planning.
WHAT WILL YOU DO?
- Work with Sr. Wealth Strategist and Wealth Strategist in developing integrated estate and financial plans for U/HNW clients through partnering with colleagues and COIs. Assist in setting the agenda for the wealth planning process and the process of implementing the solutions. In collaboration with the Wealth Strategist team analyze client's current situation, identify future life-changing events, understand client's family dynamics, and educate clients on tax risks. May work with clients to understand their specific goals and objectives to provide solutions to meet their needs.
- Partner with Strategy team to develop comprehensible explanations of sophisticated wealth planning strategies in areas of interest to UHNW clients.
- Submit for peer review all client-facing custom designed output.
- Support the Wealth Strategy team by developing sophisticated reports/dashboards and making other changes to support their business reporting and other operational needs using Salesforce (within the permission allowed by the Saleforce COE).
- Peer review client-facing custom designed output from other Sr. Wealth Strategist.
- Participate in routine third-party audits of all material subject to peer review.
- Partner with Strategy team to create understandable, customized strategy explanations that are consistent across the enterprise and of high quality.
- Participate and/or lead client meetings and work within a team environment to deliver integrated planning services to clients.
- Keep abreast of legislative and tax changes.
- Participate in the sales process to grow revenue by calling on prospective clients in conjunction with the Strategy team.
- Enhance existing relationships and reduce attrition by participating in designing integrated wealth plans that enhance the value that banking colleagues bring to their relationships.
- Raise awareness of proper channel alignment when confronted with a client/prospect that is more appropriately served by another line of business.
- Cultivate and maintain relationships with COI's directly and in partnership with colleagues.
- Participate in client and community events.
- Participate in the preparation for sponsored events regarding wealth planning information and issues that are relevant and compelling for that particular audience.
- Collaborate with marketing and training to prepare written and oral presentations to support educational programs for colleagues, clients and prospective clients.
- Write articles on timely topics of wealth planning that can be distributed to clients or marketing materials to CNR's clients, prospects, and COIs.
WHAT DO YOU NEED TO SUCCEED?
Required Qualifications*
- Bachelor's Degree
- Minimum 8 years of financial planning or related experience
- Minimum 8 years of experience within Banking, Brokerage, or Insurance culture
- CFP - Certified Financial Planner credential or the ability to obtain within 24 months of employment
- CEPA - Certified Exit Planning Advisor credential, or the ability to obtain within 18 months of employment
Additional Qualifications
- Advanced Degree (JD or CPA or Masters in Tax/Accounting/Business) helpful
- Ability to travel up to 20%
- Demonstrable expertise in multiple areas such as: Portfolio design; transfer tax; life insurance; income tax; retirement funding (qualified and non-qualified); captive insurance; legacy trusts
- Demonstrable expertise in the use of financial modeling systems such as eMoney, NaviPlan, WealthStation, or the like
- Demonstrable proficiency in Salesforce
- Stay current on cutting edge wealth planning solutions while retaining the ability to explain and implement those solutions in an easy to understand manner
- Demonstrable expertise in Team-Based (multi-disciplinary) wealth planning
- Demonstrable expertise in multiple wealth planning issues (e.g., portfolio construction, life insurance, transfer taxation, business succession, etc.)
- Demonstrable expertise at easily explaining complex strategies to clients and COIs; and quickly identifies and pursues to a successful sale Bank product or service solutions that align with the best interest of the client.
- Presentation skills
- Outstanding written and verbal communication skills
- Outstanding Word, Excel, and PowerPoint creation abilities
WHAT'S IN IT FOR YOU?
Compensation
Starting base salary: $122,535 - $208,715 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
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 including:
- Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
- Generous 401(k) company matching contribution
- Career Development through Tuition Reimbursement and other internal upskilling and training resources
- Valued Time Away benefits including vacation, sick and volunteer time
- Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
- Career Mobility support from a dedicated recruitment team
- Colleague Resource Groups to support networking and community engagement
Get a more detailed look at our Benefits and Perks.
ABOUT US
Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
- Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
#LI-DN1
#CA-DN1
Interested in this job?
Apply nowSimilar Jobs
View all jobsDelivery Excellence - Specialized Risk Manager - Operate (Senior Manager) - National_Office
Deloitte
Bilingual (Spanish) Financial Solutions Representative I (Call Center)
Chartway Federal Credit Union