Paraplanner growing into financial advisor

Ameriprise•White Bear Lake, MN

About The Position

This is an opportunity to grow from a paraplanner into an independent financial advisor at an expanding financial planning office based in White Bear Lake and affiliated with Ameriprise Financial. The position is an employee of an independent financial advisor franchise, rather than Ameriprise Financial itself. The paraplanner supports the financial advisor and daily office operations using Ameriprise Financial technology systems and other tools, including Thomson One, MoneyGuide Pro, Morningstar, Salesforce, Microsoft Outlook, and Microsoft Office 360. The role provides client relationship and planning support by gathering and analyzing client data, preparing preliminary financial plans and product recommendations, creating reports and meeting materials, and processing investment, insurance, and annuity transactions. The employee works directly with clients in meetings, at events, by phone, and by email, resolving service issues and supporting practice management as needed. The position requires consistently following business ethics and applicable legal and regulatory requirements, including supporting compliance within the advisor’s practice.

Requirements

Licensed with Series 7 and Series 66, and life, accident, and health insurance licenses, or willingness to obtain licenses immediately.
At least 2–5 years of financial planning industry experience is preferred.
Undergraduate degree in business, economics, or finance; an alternative degree requires additional industry experience.
Keen attention to detail and organization.
Effective communication with clients and the team.
Effective and efficient time management.
Willingness to serve clients and get to know them personally.
Ability to think outside the box and demonstrate an entrepreneurial mindset.
Ability to adhere to rules and regulations required by the advisors and Ameriprise Financial.
Positive attitude and sincere willingness to learn and grow through education and other designations.

Nice To Haves

Financial professional designations are a plus.

Responsibilities

Prepare preliminary financial planning recommendations and initial product solutions for advisor review and use in client meetings.
Prepare and understand insurance materials for client meetings, including life, disability, and long-term care insurance.
Prepare charts, graphs, tables, and other visual aids for client implementation meetings.
Develop portfolio and product solution recommendations suited to clients’ risk tolerance and timeframes, and prepare appropriate product deliverables.
Manage and resolve client service problems as needed.
Maintain client contact during the financial planning process.
Process transactions for insurance, annuity, and brokerage products.
Review and update client information as needed for client review meetings.
Assist with asset allocation, investment, and Monte Carlo models.
Assist with investment and retirement income tax planning strategies.
Call clients to gather data and qualify new clients.
Identify growth opportunities within the client base by analyzing client financial data.
Maintain the ongoing compliance database and support compliance within the advisor’s practice.
Participate in ongoing client review meetings and regular team meetings.
Respond to client questions by email or outgoing calls.
Communicate with clients about asset allocation changes and rebalancing.
Integrate into the team’s organizational process, CRM system, Outlook, social media, and communication plan.
Communicate the firm’s process and story to help develop the client base.
Follow business ethics and applicable legal and regulatory requirements when dealing with others and performing work activities.