Financial Advisor

BMO•VIRTUAL(R)49 - HomeRes - WI, IL

3d•$65,000 - $140,000•Remote

About The Position

The Financial Advisor builds trust and strong client relationships, determines individual investment needs, and provides customized professional advice to help clients meet their financial goals. As the first point of client contact, the advisor provides investment recommendations based on suitability, time frame, and goals; delivers a superior onboarding experience; reviews portfolios; and prepares and presents investment solutions using the bank’s tools. The role aims to build customer loyalty and deepen client relationships. The advisor supports the growth and retention of a portfolio, meets monthly sales goals, gathers assets from existing and new clients, advises on maturities, and identifies uninvested opportunities. The position manages direct relationships with a group of clients holding total assets of $100 million and serves as a subject matter expert across investment products and services. The advisor provides wealth and investment-related sales and service to BMO customers and prospects, makes referrals to other business groups, and fulfills sales and service activities in accordance with approved procedures. The role also includes regulatory and risk responsibilities, such as account attestations, required approvals, anti-money-laundering requirements, protecting personal information, and compliance with internal, FINRA, and securities regulations. The position is 100% remote. The work schedule is Monday through Friday, with operating hours from 10 a.m. to 7 p.m. Central Time; availability for that shift is required as needed, although the schedule is mostly flexible.

Requirements

University degree.
A minimum of 3–5 years of financial industry experience.
Active Series 7 and Series 66 licenses, or Series 7, Series 63, and Series 65 licenses.
Life and health insurance licenses.
Meet U4 clear background check requirements.
Complete continuing education administered by FINRA and BMO.

Nice To Haves

Strong knowledge of LPL ClientWorks, Salesforce, and MoneyGuidePro software, and ability to act as a resource on these tools.

Responsibilities

Build trust and strong client relationships by explaining acceptable risks and performance expectations.
Understand client financial needs and provide suitable investment recommendations based on client suitability, time frame, and goals.
Create customized action plans to help clients achieve their financial goals.
Deliver a superior client onboarding experience and actively review client portfolios.
Prepare and present appropriate investment solutions using tools provided by the bank.
Provide expertise across investment products and services, including mutual funds, annuities, managed accounts, market-linked CDs, unit investment trusts, retirement planning, and fee-based account annual reviews.
Grow the portfolio and meet monthly sales goals.
Gather assets from existing and new clients, advise on maturities, and identify uninvested opportunities.
Manage direct client relationships and a client group with total assets of $100 million.
Conduct investment reviews, develop financial plans, and position solutions.
Adhere to internal and FINRA audit requirements and complete approvals required to satisfy industry regulators.
Implement applicable anti-money-laundering requirements for house and assigned accounts.
Protect client personal information.
Ensure trading accuracy and disciplined order and confirmation processes; determine the need for trades and adhere to the Best Interest Contract for every recommendation.
Stay current with the changing regulatory environment and attest to client accounts and regulatory sign-offs.
Explain cost basis, tax documents, IRA required minimum distribution withdrawals, and early withdrawal penalties.
Fulfill customer sales and service activities in accordance with approved procedures and identify and make referrals to other business groups.