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RBC · 5 months ago

Wealth Planning Associate

Newport Beach, California, United States of America

Full-time

Onsite

Entry Level

$50K/yr - $85K/yr

2+ years exp

RBC is a leading bank that emphasizes growth and innovation, and they are seeking a Wealth Planning Associate to join their 24-month development program. This role aims to equip individuals with the skills and knowledge to succeed in wealth management, ultimately leading to a position as a Financial Advisor after program completion.

BankingFinancial ServicesWealth Management

Responsibilities

During the WPA Program, you will learn from wealth planning experts, top Financial Advisors (FAs) and develop the skills necessary to become a successful wealth planner at RBC

In addition to training, you will successfully obtain one of the accredited wealth planning designations (CFP preferred, other targeted credentials would be considered, CFA, CPA, AWM)

The WPA educational component combines e-learning, case studies, virtual group work, and hands-on training to educate you on the RBC product and service offerings as well as RBC’s Wealth Planning process and related tools

You are expected to have your Series 7 and Series 66 and begin pursuing your designation during the length of the program

In addition to ongoing development through virtual classroom sessions, online modules and case studies, you will begin working directly with FAs and their team in your assigned territory

This will include working with the Minneapolis home office as well as the local territory

You will contribute regularly to the development of RBC WealthPlans and present plans to clients

You will proactively engage FA teams and lead financial planning meetings to deliver advice and wealth management solutions to meet the needs of each client

This phase is very hands on and will include a mentor from the Wealth Planning Group

At month 24, upon successful completion of the WPA Program and your credential plan, you will be eligible to join an FA team and establish yourself as a new FA in the local market

There will be opportunities to continue your technical development as a cohort of the WPA Program

In your new role, you will understand and communicate the benefits of engaging clients in a goals-based relationship, drive productivity by using best-in-class tools to deliver an exceptional client experience, and along with the Financial Advisor, provide comprehensive wealth management advice to your team’s existing client base while attracting new clients

This will include conducting discovery conversations, talking through wealth plan results, illustrating solutions and conducting annual reviews

The foundation of knowledge and skills you acquire as both a WPA and a junior FA will differentiate you in the marketplace as a true wealth manager and prepare you for a successful career as an FA

Qualification

CFP designationSeries 7Series 66Financial planning experienceExcelAnalytical skillsRelationship skillsWordPowerPointPresentation skillsCritical thinking

Required

Bachelor's degree with emphasis in personal finance preferred

Excellent verbal, written, presentation and relationship skills and someone who is self-motivated and possesses strong critical thinking and analytical skills

SIE, Series 7, Series 66

Accredited wealth planning designation (CFP®) or ability to obtain within two years of start date

Ability to travel up to 25%

Preferred

Demonstrated understanding of the financial planning process and industry planning tools

Proficiency with Word, PowerPoint and Excel (formulas, graphs, pivot tables)

2+ years of financial planning or closely related experience in the financial services industry, preferably with a broker-dealer or other large financial advisory firm