Private Wealth Advisor II

Old National Bank•Gurnee, IL

About The Position

Old National Bank is seeking a Private Wealth Advisor to develop client relationships and provide financial and investment guidance to existing and prospective Wealth clients. The advisor works on a team of specialists within the Wealth Group and engages colleagues such as Private Bankers, Trust Officers, the Fixed Income Team, RPS Administrators, and Philanthropy Officers as appropriate. The position may be filled at the Private Wealth Advisor, level II, or Senior level depending on the candidate’s skills, qualifications, and years of experience. The advisor manages client relationships and portfolios, provides financial-planning advice, develops new wealth business through internal referrals and external relationships, and maintains relevant knowledge of economic, financial, and industry developments. Compensation begins at $60,000 plus commission; the final compensation is determined by location, skills, experience, qualifications, and career level.

Requirements

Bachelor’s degree in Finance, Business, or a related field.
At least 3 years of retail or institutional wealth or investment experience.
Strong relationship-building skills, including verbal and written communication skills.
Working knowledge of investment markets, products, and services, and the ability to implement investment strategies that meet client needs and goals.
Excellent sales and closing skills.
Series 6 or Series 7 license to sell brokerage products.
State Life and Health Insurance Licenses.
Ability to build and develop a robust sales pipeline.

Nice To Haves

CFP, MBA, or professional designation(s).

Responsibilities

Manage a portfolio of client relationships, including holding regular meetings to review and update client goals, financial information, and investments.
Assess clients’ risk tolerance and return goals and construct investment portfolios designed to meet those goals.
Construct, rebalance, and modify client portfolios in response to changing circumstances, cash needs, risk tolerance, and market conditions.
Complete basic financial plans and work with the dedicated financial planning team to deliver and implement comprehensive strategies.
Introduce clients to in-house insurance experts and other financial resources.
Prospect and develop new wealth business through internal referrals and external opportunities.
Build productive relationships with Consumer and Commercial business partners.
Work with Private Bankers to develop and expand wallet share with existing wealth relationships.
Develop external center-of-influence opportunities outside the bank.
Research and develop subject-matter expertise to advise clients appropriately throughout the business cycle.
Maintain knowledge of current developments and trends in relevant technical and professional areas.
Use industry knowledge and understanding of factors affecting company performance in planning and decision-making.