What are the responsibilities and job description for the Wealth Planning Associate position at RBC Capital Markets, LLC?
Job Summary
Job Description
PRINCIPAL RESPONSIBILITIES
During the WPA program period, 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 rigorous proprietary 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 obtain your Series 7 and Series 66 (if not already licensed) within six months and begin pursuing your designation.
The next phase of the WPA Program focuses on the application of the knowledge and skills you acquired. In addition to ongoing development through virtual classroom sessions, online modules and case studies, you will begin working directly with an FA and their team in an assigned territory. This will include working both in the Minneapolis home office and the local Division/Complex (metro) territory. Additionally, you will complete your credentials coursework and capstone project during this phase.
During the next phase of the WPA Program, you will be partnered more closely with a group of FAs or assigned to a team(s). In this phase, 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. You will complete the credential educational component and progress towards certification exam.
At month 24, upon successful completion of the the WPA Program and your credential plan, you will be eligible to join an FA team, establish yourself as a new FA in the local market, or pursue a role within the Wealth Consulting Team. There will be opportunities to continue your technical development as a cohort of the the AWP 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 an WPA and AFA will differentiate you in the marketplace as a true wealth manager and prepare you for a successful career as a FA or a role within the Wealth Consulting Team.
Job Skills
Banking Products, Communication, Critical Thinking, Customer Service, Detail-Oriented, Information Capture, Interpersonal Relationship Management, Problem Solving, Results-Oriented, Sales Activities, Tax Deferred ProductsAdditional Job Details
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