PWM Wealth Strategist

U.S. Bank•Irvine, CA

1d•Onsite

About The Position

The Wealth Planning and Insurance Strategist (WPIS) works with the Wealth Management Advisor to develop and acquire new client relationships, typically those with a net worth above $10MM, and assists with client discovery. The WPIS also collaborates with wealth management specialists to deepen and broaden relationships with existing clients. This role serves as a subject matter expert in various areas including financial planning, insurance products (in conjunction with Financial Advisors), estate and income tax planning, multigenerational wealth planning, business succession planning, family governance, and trust and fiduciary advisory, with a particular emphasis on Risk Management. The WPIS is expected to independently provide solutions for clients' financial status using advanced tax, wealth transfer, business structure, and protection strategies, and to facilitate the implementation of these strategies with both internal and external advisors. The Risk Management aspect of the role involves analyzing and mitigating a wide range of financial and personal risks faced by wealthy families, such as estate liquidity, creditor (asset protection), personal security, property and casualty loss, reputation, lifestyle protection, employment practices, and insurance needs assessment.

Requirements

Bachelor's degree, or equivalent work experience
10 or more years of financial planning experience with HNW/UHNW clients

Nice To Haves

Insurance consultation and planning experience, including overseeing a wealth plan from engagement to implementation
Demonstrated new business development and client acquisition success
Strong understanding of complex financials, trust and estate documents and tax returns
Specialized asset protection and legal knowledge preferred
Ability to articulate complex planning concepts to clients in a simple and easily understandable manner
Demonstrated strong presentation and public speaking skills
Excellent verbal, written and interpersonal communication skills
JD, CPA or other similar advanced degree or designation strongly preferred
Related insurance and securities licenses

Responsibilities

Work with the Wealth Management Advisor to develop and bring new client relationships generally above $10MM net worth into Wealth Management
Help with client discovery
Work with wealth management specialists to deepen and broaden relationships with existing clients
Serve as a subject matter expert in financial planning, insurance products, estate and income tax planning, multigenerational wealth planning, business succession planning, family governance, and trust and fiduciary advisory, with a special focus on Risk Management
Provide solutions for the client's financial status using the most advanced tax, wealth transfer, business structure and protection strategies
Help implement these strategies working with the client's external and internal advisors
Analyze and mitigate a broad spectrum of financial and personal risks that a family of wealth will face including: estate liquidity, creditor (asset protection), personal security, property and casualty loss, reputation, lifestyle protection, employment practices, and insurance needs assessment

Benefits

Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
Incentive and recognition programs
Equity stock purchase
Pension