AMP Financial Advisor Trainee - Newtown, PA

Raymond James • Newtown, PA

3d

About The Position

The Advisor Mastery Program (AMP) combines distance learning, apprenticeship, and training at Raymond James Financial’s international headquarters to prepare the next generation of Financial Advisors. It provides training in technical and sales skills. Working with a mentor, branch manager, and/or Financial Advisor team, the trainee learns to build an individual practice while balancing client development, sales, investment management, service, compliance, and professional development. The trainee provides financial advice consistent with clients’ objectives, time horizons, and risk tolerances. The program supports development toward either an independent advisor role or joining an existing team.

The role involves completing program training and assignments, obtaining required licenses, meeting assessments and performance standards, and developing a client book of business. The trainee is expected to maintain knowledge of investment products, financial planning, and industry rules and regulations.

Requirements

• At least three years of relevant work experience demonstrating achievement in sales, preferably intangible sales, or business environments; alternatively, an equivalent combination of experience, education, and/or training approved by Human Resources.
• SIE license, unless an exemption or grandfathering applies.
• Series 7 and Series 66 licenses, or ability to obtain them within four months from the start of the program.
• Life, Health, and Variable Annuity licenses, or ability to obtain them within six months from the start of the program.
• Knowledge of economic and accounting principles and practices.
• Knowledge of financial markets, banking, and financial data analysis and reporting.
• Knowledge of basic methods for presenting, promoting, and selling products or services.
• Ability to use client relationship management systems and other required software to produce financial plans, correspondence, reports, electronic communications, spreadsheets, and databases.
• Ability to identify customer needs through effective questioning and listening.
• Ability to organize, manage, and track multiple detailed tasks and assignments amid changing priorities and deadlines in a fast-paced environment.
• Ability to communicate effectively orally and in writing with all organizational levels, maintain effective relationships with clients and colleagues, and keep relevant parties informed.
• Resilience and persistence in prospecting, networking, marketing oneself and Raymond James, and handling rejection and obstacles.
• Ability to accept criticism and remain calm and effective in high-stress situations.

Nice To Haves

• Bachelor’s degree from a four-year college or university, preferably in Accounting, Business Administration, or Finance.

Responsibilities

• Become trained and skilled to perform the Financial Advisor role effectively and efficiently.
• Meet production targets that contribute to company revenue goals.
• Develop a book of business in line with AMP goals for assets under management and required production.
• Provide a high level of client service.
• Manage client relationships by evaluating financial needs, investment opportunities, current holdings, and available investment capital.
• Help clients identify investment objectives and communicate portfolio losses when necessary while preserving client loyalty.
• Develop a client pipeline through prospecting, networking, community initiatives, centers of influence, and niche development.
• Recommend suitable investment products, solutions, and services based on client needs, time horizons, risk profiles, and preferences.
• Consult internal resources to identify investment opportunities and client solutions.
• Open, transfer, and close customer accounts.
• Maintain appropriate account records and monitor client portfolios.
• Make recommendations in light of economic and financial conditions, client needs and objectives, and newly offered investments.
• Obtain and verify purchase and sale instructions, enter orders, and follow up on transaction completion.
• Complete required program training and assignments, obtain mandatory industry licenses within prescribed timeframes, pass assessments, and meet minimum performance and production standards.
• Stay current on investment products, industry rules and regulations, and financial planning.
• Perform other assigned duties and responsibilities.

Benefits

• Medical, dental, and vision coverage may be available.
• Life insurance may be available.
• Critical illness insurance and accident insurance may be available.
• Disability benefits may be available.
• Retirement savings benefits may be available.
• Paid time off, including vacation, holidays, and sick leave, may be available.
• Parental leave may be available.
• Compensation may include additional cash or equity, discretionary bonuses, or commissions.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level