Managing Partner, Wealth Advisor

UMB Bank • Denver, CO

22h • Hybrid

About The Position

The Managing Partner, Wealth Advisor role is a leadership position within Private Wealth Management, directing all local wealth management practice activities. This role involves leading a team of Wealth Advisors, setting strategic direction, developing and executing business plans, and managing practice performance. The position is responsible for the practice's P&L, driving business development, fostering a growth-oriented culture, and ensuring the adoption of new technologies. The Managing Partner will also lead wealth management services for high-value clients and mentor advisors on best practices.

Requirements

• Bachelor’s degree in relevant field or combination of education and experience that provides and equivalent background
• 7 years of applicable experience within Financial Services
• 3+ years of demonstrated leadership experience as an advisor within a wealth management institution
• Must have, or possess ability to obtain, the Series 65 registration within 120 days of employment
• Job Skills: Systems thinking and complex problem solving
• Attention to detail, yet ability to grasp big picture
• Highly organized and can effectively multi-task
• Great communicator with strong interpersonal skills
• Exceptional written communication and presentation skills
• Strong wealth advisor sales skills with acumen to close new business
• Demonstrated ability to expand revenue, assets, and client base
• Knowledge of client service and operational best practices
• Proficiency in developing centers of influence and personal networking
• Adept at advisory business planning and execution
• Knowledge of technology can improve client experiences and front office operational processes
• Strong knowledge of investment, tax, estate planning, and transfer of wealth strategies
• Understanding of how to leverage team resources to drive client growth, retention and engagement
• Proven culture carrier and mentorship of other advisors
• High Level of Emotional Intelligence, able to read situations accurately and is empathic
• Technical Skills: Strong proficiency of Microsoft Office Suite (Word, Excel, PowerPoint, SharePoint)
• Proficiency in Salesforce CRM software, and familiarity in other front office software used by wealth advisors
• Proficiency with eMoney client portal and financial planning software

Nice To Haves

• 10 years of applicable experience within Financial Services
• Demonstrated experience in managing an advisory practice P&L
• Advanced degree or professional certification such as CFP or CFA

Responsibilities

• Lead a team of Wealth Advisors
• Set the strategic direction and establish priorities of the local wealth advisor practice
• Develop, manage, and execute on the business plan for the advisor practice
• Establish KPI’s for the practice that will allow the team to measure and monitor success
• Align resources in the practice with the business plan
• Manage practice performance, regularly updating the associate 9-box and develop specific professional development plans for each wealth advisor
• Continuously mentor wealth advisors on team, helping them adopt industry best practices
• Responsible for managing the practice P&L
• Meet regularly with team to proactively understand trends, attrition risks, and opportunities with clients and prospects
• Execute on specific programs aimed to increase productivity of business development, client retention and engagement
• Chiefly responsible for the business development within the practice, including overseeing the overall new business pipeline in the practice
• Lead the development of centers of influence (both internal and external) as referral sources, and development of natural markets and key influencers
• Lead the wealth management services delivery to high value clients within the practice
• Coordinate the delivery of wealth, financial planning, investment, and estate planning advice for clients, leveraging dedicated financial planners, trust officers and portfolio managers within the practice
• Drive a growth oriented, entrepreneurial culture with a can-do mindset across the advisory practice
• Ensure team adoption of new platforms and technologies to drive operational efficiency and enhance the client experience
• Opportunistically assist in new advisor recruiting
• Responsible for the assimilation of new wealth advisors into the wealth practice
• Ensure all minimum standards of care are met across all client relationships
• Other duties as assigned

Benefits

• Paid Time Off
• a 401(k) matching program
• annual incentive pay
• paid holidays
• a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage
• health savings, flexible spending, and dependent care accounts
• adoption assistance
• an employee assistance program
• fitness reimbursement
• tuition reimbursement
• an associate wellbeing program
• an associate emergency fund
• various associate banking benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: Associate degree
• Number of Employees: 1,001-5,000 employees