Your Dedicated Fiduciary

ASSOCIATE WEALTH STRATEGIST – JOB DESCRIPTION

 

What We Do

Your Dedicated Fiduciary is a fiduciary financial planning firm with locations in San Diego and Dallas. We are seeking a full-time Associate Wealth Strategist (Paraplanner CFP®) to contribute to the firm by providing planning support, assisting Wealth Strategist with portfolio analyses and planning reviews, and conducting research. This is an opportunity to join a growing firm that enjoys a positive reputation in financial planning and wealth management. If you enjoy the technical side of the planning process, particularly when it comes to advanced planning, this could be the right position for you.

The firm culture is friendly, highly professional, down to earth, and often fast paced. We enjoy working hard to produce the quality of our results. This position plays a key role in the success of the firm where we work cohesively as a team toward the same goal of providing outstanding service to our clients while helping them work toward their financial goals. BS/BA, CFP® designation, acute attention to detail, and excellent communication skills are required.

We offer a comprehensive benefits package and competitive salary with 401k match and profit sharing. While we prefer candidates in the Northern Dallas area, we are open to a work-from-home role for a highly motivated, self-starting candidate. Please submit résumé and cover letter to katelyn@ydfwealth.com.

Who We Aren’t

We are not the financial advisor down the street. We are not boiler plate financial planners. We are not proprietary product pushers: in fact, we do not have proprietary products to offer. We are not paid based on loans that we originate with the bank whose name is on the door. We are not egomaniacal, narcissistic stockbrokers who drive Maseratis. We are not starchy, grumpy “we’ve always done it this way” mutual fund brokers. We are not a firm that presents fiduciary financial planning to the public but then loads clients up on expensive, complex insurance products.

Who We Are

We are our clients’ in-house, right-hand financial consultant and trusted advisor. We help them make educated decisions on investments, estate planning, tax planning, insurance, privacy, business strategy, succession planning, family unity, and more. We are optimistic and believe that there is still a lot of good in the world. We are data driven and validate our recommendations so that clients can see what is in their best interest. We are authentic, transparent, and passionate people. We are excellent listeners. We are in-the-weeds planners who simplify complex planning. We are fillers of planning gaps that clients were not aware they had.

Position and Firm Highlights
Position title: Associate Wealth Strategist
Date updated: January 1st, 2023
Reports to: Founder
Salary: $55,000 – $85,000 base salary contingent upon experience plus safe harbor 401k match and profit sharing of up to 25% of base salary
Healthcare: Firm pays half of monthly premium
401k: Annual safe harbor match plus profit sharing of up to 25% of base salary
PTO: 10 days in addition to bank holidays

SUMMARY OF KEY RESPONSIBILITIES
This position is primarily responsible for providing planning support through assisting with creation, analysis, recommendation, and implementation, as well as investment management. This role may also be referred to as a Paraplanner CFP® and is expected to provide exceptional white glove service to our discerning clientele and contribute to a harmonious work environment. Acute attention to detail is a must, as are effective communication skills. Other duties may be assigned.

PRINCIPAL RESPONSIBILITIES

Financial Planning

  • Attend discovery, partnership development, and other virtual meetings as requested.
  • Independently conduct data gathering calls and virtual meetings with clients to obtain information required to develop or update the financial plan.
  • Assist with developing, implementing, and updating financial plans using planning software provided by the firm.
  • Collaboratively work with Wealth Strategist to put finishing touches on the plans and then distribute plans to clients securely via Investor360.
  • Use appropriate software and calculators to run calculations, projections, and side-by-side comparisons (e.g., mortgages, 529 plans, social security, etc.).
  • Communicate with advanced planning team and the clients’ CPA, estate planner, and other allied professionals, as needed.
  • Collaborate with Right Capital for troubleshooting on plans, if needed.
  • Analyze clients’ income, taxes, insurance policies, expenses, assets, and debt (at least annually), updating this information in CRM and planning software.
  • Upload clients’ estate planning documents, tax returns, insurance policies, investment account statements, household balance sheet, and all other relevant documentation to their household in Investor360.
  • Prepare for client review meetings and recommend plans and products to the advisor to help clients work toward their goals.
  • Run insurance quotes and process/submit in force illustration requests.

Investment Management

  • Review statements provided by current and/or potential clients.
  • Conduct analyses of potential clients’ portfolios (cost, tax, investment ratings, etc.).
  • Review clients’ outside assets (e.g., 401k accounts) and advise on asset allocation and/or rebalancing.
  • Review statements from National Financial Services (“NFS”) and Commonwealth.
  • Input updated values into planning software and Community Link for illiquid assets held outside of the firm (e.g., real estate), the values for which are not linked and updated daily.
  • Periodically review client holdings, review asset allocation, research products owned by client, and determine if rebalancing is needed.
  • Conduct monthly/quarterly/ad hoc client reporting and send to clients.
  • Create estate balance sheets, where needed.
  • Rebalance client portfolios based on Wealth Strategist’s criteria and using appropriate tools.
  • Enter cost basis information in rare cases it is not updated in transfer (e.g., concentrated stock).
  • Conduct tax loss harvesting and tax-efficient creation of liquidity, at direction of Wealth Strategist.
  • Working with advisor, tax-efficiently create liquidity in non-qualified portfolios for liquidity requests or advisory cost.
  • Create liquidity in qualified portfolios for advisory cost, at direction of Wealth Strategist.
  • Identify portfolio’s problem areas and summarize them for the advisor.
  • Complete trades for clients, either unsolicited or solicited.
  • Review/screen investment options for the firm’s 401k plan clients.

Research

  • Read trade journals, publications, CBR, and articles in which the firm has been featured.
  • Maintain model portfolios and keep the document updated.
  • Calculate projections and analyses.

White Glove Service

  • Respond same day to client inquiries to satisfactorily address their questions and concerns.
  • Communicate effectively and articulate key points succinctly.
  • Contribute to a harmonious work environment and our firm’s great culture.
  • Email instructions on creating an Investor360 login, linking outside accounts to Investor360, and going paperless, and help clients troubleshoot, when needed.
  • Proofread and spellcheck emails to clients before sending them, including via Client360.

Client Review Meetings

  • Gather data from clients.
  • Assist advisor with asset allocation decisions, portfolio construction, and rebalancing strategies based on client risk/reward objectives.
  • Review clients’ goals and risk profile with the advisor.
  • Recommend to the advisor plans and products to help clients work toward their goals; identify investment and insurance solutions that are in the client’s best interest.
  • Take notes during client meetings, outline action items and next steps, upload notes to CRM, and process follow-up action items (e.g., rebalancing, Investor360, financial plan, DAF, etc.).

Required Knowledge/Skills/Competencies

  • BA or BS degree from an accredited university.
  • CFP® designation.
  • Excellent knowledge and communication of financial planning concepts and terminology.
  • Excellent knowledge of and ability to explain products, such as mutual funds, stocks, bonds, insurance, and annuities.
  • Proficiency with computer programs, including MS Office, CRM system, etc. Familiarity with how to use Right Capital is a strong plus.
  • Excellent people skills, including:
    • Active listening.
    • Effective communication.
    • Professional, knowledgeable demeanor.
  • Ability to establish rapport with clients and colleagues.
  • Sophisticated organizational skills with both physical resources (e.g., files, manuals, papers) and nonphysical resources (e.g., calendars, appointments, events, client contact records, images).
  • Exceptional attention to detail.
  • Ability to:
    • Proofread and quality check own work in accordance with firm/regulatory criteria.
    • Proactively relate internal concerns to Founder.
    • Identify and solve problems in a timely, efficient, and effective manner.
    • Use resources available to answer questions and resolve problems (e.g., COMMunity Link).
    • Use multiple technology platforms (e.g., COMMunity Link, Wealthscape, etc.).
    • Prioritize workload and meet deadlines.
  • Work independently.
  • Experience working with NFS processes and forms a plus, but not required.

Physical Requirements

  • Fluent in the English language.
  • Must have ability to read, hear, and speak.