Overview

To act as a client adviser within the 7IM Private Client Team. Offering the full range of wealth management solutions, we have available.

Responsibilities

• Relationship Management: You will be responsible for managing and growing your own portfolio of clients. Where necessary, supporting colleagues in the provision of financial planning advice.
• Wealth Management: To provide comprehensive Wealth Management & Financial Planning Advice. Take responsibility for the provision of advice on all aspects of financial planning, including reviewing existing plans; advising on pooled investment vehicles, the use of bonds, onshore and offshore; life and other protection plans; retirement income planning; pensions, inheritance tax planning, tax-led investments, cashflow modelling, etc.
• Supporting fee-based financial planning advice across a broad range of services including all forms of pensions, investments, savings, protection and tax planning vehicles.
• To confirm the suitability of life, pension and potentially investment plans already held by clients and to assist in developing future arrangements.

Performance Measurement

• Performance will be measured against a balanced scorecard covering: Financial contribution, strategic engagement, risk and compliance and behaviours.

Process

• Follow our established processes to deliver our Wealth Management 360 service and other financial planning solutions.
• Providing all advice in line with our suitability framework.

Reporting

• Provision of annual reviews and related advice.
• Prepare and issue regular financial planning reports for clients in conjunction with colleagues in the investment team, where applicable.

Support

• Work internally with other advisers in the private client team, and externally with solicitors, tax specialists and accountants, using available sources to ensure that report and other deadlines are met.

Developing business with new clients

• To engage with and understand prospective clients' needs.
• To present and discuss the appropriate 7IM proposition to prospective clients and follow through with individually tailored proposals reflecting the agreed proposition.
• To convert prospective clients into 7IM clients and gain additional assets and revenue.
• Participate in departmental and external provider meetings.
• Take lead responsibility for the research/analysis of areas of advice allocated to you with reference to the 7IM style.
• Support a collaborative environment for the team's discussions and development of the Private Client Team's strategy.

Information Technology

• Maintain an understanding of the Company's systems and use in line with company policy for the maintenance of all client records.

Marketing

• Assist with the marketing and promotion of the Company's wealth management services both externally and within the Group.

Back Office

• Maintain a thorough understanding of back office procedures including client take-on procedures, client reporting, product provision, valuations and advice procedures, all of which are to be provided via Xplan.

Other

• Undertake any projects or longer-term responsibilities that are assigned to you.
• Act in the best interests of clients ensuring the FCA's requirements and Company policies in relation to Treating Customers Fairly, MiFID II and SMCR are adhered to.
• In this role, consistently follow the FCA Consumer Duty principles. You're expected to act in good faith, prevent potential harm, and actively support our customers in achieving their financial goals.
• Note: the above is not exhaustive and additional duties will be allocated as appropriate.

About You

• Have excellent client-facing skills.
• Have excellent communications skills.
• Be commercially focused.
• Have strong research and analytical skills and demonstrable experience of applying these.
• Have good IT skills.

Knowledge

• Be able to work as part of a team.
• Be able to work with minimal supervision.
• Experience in the administration, research and advice across life, investment and pension products; pooled investment vehicles, the use of bonds, onshore and offshore, life and other protection plans; retirement income planning.
• Have Wealth Management experience in areas related to the IFA market, or from an IFA background in a client-facing role.

Qualifications

• Be educated to degree level in an appropriate business discipline or with relevant experience.
• Have achieved or be working towards Chartered Financial Planning status.

Other relevant information

• Comply with the following at all times: FCA Rules and Principles; FCA Statements of Principles for Approved Persons; the principles of Treating Customers Fairly; Senior Managers Certification Regime; Compliance and relevant Procedures Manual; Money Laundering Regulations and internal Anti-money Laundering Procedures.
• Maintain an open and honest relationship with Compliance, including the Training & Competence function.
• Ensure, in conjunction with your Manager and Compliance, that you maintain the necessary competence for your role.