Financial Advisor

Bank of Montreal•Virtual, IL

17d•$46,000 - $85,200•Remote

About The Position

Financial Advisor This role is accountable to invoke trust and build strong client relationships, determine individual investment needs and provide professional, customized advice to ensure client’s financial goals are met. You will provide a superior client onboarding experience, actively reviewing client portfolios and preparing and presenting appropriate investment solutions by leveraging various tools provided by the bank. Being the first point of client contact, the Financial Advisor’s core mandate is to provide investment recommendations based of client suitability, time frame and goals. The Financial Advisor has the ultimate goal of building and solidifying customer loyalty while deepening client relationships. Customer Understanding financial markets and recognize when to provide clients advice Builds trust and strong customer relationships by educating them on acceptable risks and performance expectations that help them achieve their financial goals. Maintains excellent client relationships and creates customized action plans to assist customers to achieve their financial goals. Investment product subject matter expert (15 product categories) Mutual Funds Annuities Managed Accounts Marked Linked CDs Unit Investment Trust Retirement planning Fee Based Account annual reviews Financial Responsible for the continued growth of the portfolio Meet monthly sales goal Outside Asset Gathering (i.e., prospecting from existing and net new clients) Advice on Maturities Uncovering uninvested opportunities Asset Retention Manage direct client relationships and maintaining a group of clients with total assets of $100MM Risk Adhering to internal and FINRA (Financial Industry Regulatory Authority) Audit requirements The Advisor is to act as the gatekeeper and is responsible for various approvals in order to satisfy industry regulators Financial Advice Investment Reviews Developing Financial Plans Solution Positioning Protecting client Personal Information AML (Anti Money Laundering) Implementing further AML requirements on house and assigned accounts Trading Accuracy Discipline order/confirmation Determine need for the trade Adhere to (BIC)Best Interest Contract for every recommendation Be current and adapting the constantly changing regulatory environment Possess strong knowledge and act as resource on software including LPL’s ClientWorks, SalesForce, and Moneyguide-Pro Accountabilities / Decision Making / Scope & Impact Decision Making -- Provide investment recommendations based off client suitability, time frame, and goals Provides wealth and investment-related sales and service to BMO customers or prospects. Understands customer needs to provide wealth and investment advice, strategies, and products in the best interest of the customer. Fulfills sales and service activities for the customer in accordance with approved procedures. Identifies and makes referrals to other business groups. Understanding and ability to explain Cost Basis, Tax documents, IRA (Individual Retirement Account) RMD (Required Minimum Distribution) withdrawals and early withdrawal penalties Attest to client accounts and all regulatory sign offs Influence – Authority to impact Investment Advice in accordance with the BIS offer and applicable securities regulations This role has direct impact on the achievement of key business unit objectives

Requirements

Active Series 7, 66 or 7,63+65 and Life and Health are Required for this role
University Degree with a minimum of 3-5 years of financial industry experience
Series 7 and 66 or (7, 63 and 65) and insurance licenses (life and health)
U4 clear background check requirements
Continuing Education - FINRA and BMO administered

Responsibilities

invoke trust and build strong client relationships
determine individual investment needs
provide professional, customized advice to ensure client’s financial goals are met
provide a superior client onboarding experience
actively reviewing client portfolios
preparing and presenting appropriate investment solutions by leveraging various tools provided by the bank
provide investment recommendations based of client suitability, time frame and goals
building and solidifying customer loyalty while deepening client relationships
educating them on acceptable risks and performance expectations that help them achieve their financial goals
creating customized action plans to assist customers to achieve their financial goals
Meet monthly sales goal
Outside Asset Gathering (i.e., prospecting from existing and net new clients)
Advice on Maturities
Uncovering uninvested opportunities
Asset Retention
Manage direct client relationships and maintaining a group of clients with total assets of $100MM
Adhering to internal and FINRA (Financial Industry Regulatory Authority) Audit requirements
act as the gatekeeper and is responsible for various approvals in order to satisfy industry regulators
Financial Advice
Investment Reviews
Developing Financial Plans
Solution Positioning
Protecting client Personal Information
AML (Anti Money Laundering)
Implementing further AML requirements on house and assigned accounts
Trading Accuracy
Discipline order/confirmation
Determine need for the trade
Adhere to (BIC)Best Interest Contract for every recommendation
Be current and adapting the constantly changing regulatory environment
act as resource on software including LPL’s ClientWorks, SalesForce, and Moneyguide-Pro
Provide investment recommendations based off client suitability, time frame, and goals
Provides wealth and investment-related sales and service to BMO customers or prospects.
Understands customer needs to provide wealth and investment advice, strategies, and products in the best interest of the customer.
Fulfills sales and service activities for the customer in accordance with approved procedures.
Identifies and makes referrals to other business groups.
Understanding and ability to explain Cost Basis, Tax documents, IRA (Individual Retirement Account) RMD (Required Minimum Distribution) withdrawals and early withdrawal penalties
Attest to client accounts and all regulatory sign offs
Authority to impact Investment Advice in accordance with the BIS offer and applicable securities regulations

Benefits

Customizable benefits, and performance bonuses
Work in a digitally focused environment where you’ll use innovative tools
Strengthen your skillsets with access to professional tools, resources, in-depth training and ongoing manager support
BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.

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