Private Wealth Advisor

Old National Bank•Gurnee, IL

2d•$48,000

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 as part of a team of specialists within the Wealth Group, engaging colleagues such as Private Bankers, Trust Officers, the Fixed Income Team, RPS Administrators, and Philanthropy Officers when appropriate. The role manages a portfolio of client relationships, reviews clients’ goals and financial circumstances, and constructs and adjusts investment portfolios to address their objectives, risk tolerance, cash needs, and market conditions. The advisor provides financial planning advice, collaborates with the dedicated financial planning team on comprehensive strategies, and connects clients with in-house insurance experts and other resources. The Private Wealth Advisor also develops new business through internal referrals and external centers of influence, builds relationships with Consumer and Commercial partners, and works with Private Bankers to expand existing client relationships. The role requires ongoing research and knowledge of economic, financial, industry, and professional developments to advise clients throughout the business cycle. The stated salary range is $0–$48,000 per year plus bonus. Actual offers may vary based on responsibilities, skills, experience, education, and geographic location.

Requirements

Bachelor’s degree in Finance, Business, or a related field.
At least 3 years of retail or institutional wealth/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 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 based on 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 maintain subject matter expertise on economic and financial conditions to advise clients throughout the business cycle.
Stay informed about developments and trends in relevant technical and professional areas.
Use industry knowledge to inform planning and decision-making.