Senior Wealth Strategist- Private Wealth Tax

Edward Jones

10d•Hybrid

About The Position

Private Wealth Consulting is a team within the Private Wealth area that serves as the planning and investment consultation group supporting the delivery of financial planning services and implementation through investment solutions to high net worth (HNW) clients. We collaborate across Edward Jones home office teams and external 3rd party relationships to deliver personalized advice with a particular focus on financial planning, portfolio strategy, and guidance on complex wealth management strategies. The Private Wealth Consulting Team partners with branch teams to deliver a comprehensive review and analysis of HNW clients' financial planning needs and provides tailored financial strategies to help clients reach their goals. Senior Wealth Strategists partner with home office and third-party experts to support financial advisors and deliver the high-quality Advice, Planning, Products, and Services (APPS) required to meet our High Net Worth clients' wealth management and tax planning needs. You will be called upon as a tax planning subject matter expert, on the firm's full suite of financial planning tools, investment offerings, and how they're leveraged to help clients define their financial goals and identify solutions to keep them on-track. Additionally, you will apply knowledge of financial planning disciplines to unique client circumstances and work directly with branch teams and their clients. You'll be joining a team of high-energy associates, with tenure ranging from years to decades, dedicated to personal development, inclusion and diversity, and partnering with financial advisors as part of the client team.

Requirements

9+ years' experience in the Financial Services Industry
Series 7 and 66 required within 6 months of hire
Insurance license required within 6 months of hire
CFP designation highly preferred or obtained within firm policy
CPA or other graduate or postgraduate degree specializing in complex tax highly preferred
Bachelor's degree in business, Finance, Accounting or Law required
Ability to interpret and leverage firm advice and guidance to support the branch in creating a tailored solution for each client.
Proficiency using financial planning software or tools and interpreting results
Deep understanding of financial planning concepts and application
Deep expertise in complex tax planning strategies including but not limited to Charitable Remainder Trusts (CRTs), Private Foundations, Donor Advised Funds, Trust taxation, Roth conversion analysis, pass through entity taxation, 1031 Exchanges, Deferred sales trusts, equity based compensation, net unrealized appreciation, considerations for business sales, etc.
Ability to understand and explain these strategies as well as identify when a strategy is appropriate to discuss with a client and ensures alignment to their financial plan and goals
Familiarity with implementation of these strategies for High Net Worth clients
Ability to review client tax returns, gift/estate tax returns, personal financial statement, and other legal documents i.e. shareholder agreements, business agreements, executive compensation plans, partnership agreements, etc. and identify tax planning opportunities

Nice To Haves

Mastery of financial planning, investment strategies, tax planning, and estate planning.
Strong presentation and communication skills
Exceptional organizational skills
Understanding of Financial Advisor and Branch Team Support Member(s) structure
Extensive experience dealing with high net worth clients and addressing their complex financial needs.
Exceptional analytical abilities for assessing complex financial situations and developing tailored solutions.
Ability to support a financial advisor in evaluating solutions-based strategies for client needs
Advanced degree; CPA, JD, CFA or additional financial planning certification.

Responsibilities

Serve as a subject matter expert for complex cases requiring deep technical knowledge and extensive tax planning expertise. Need to demonstrate ability to understand how upcoming changes in legislation and regulatory environment may impact High Net Worth tax planning and proposed client strategies.
Communicate with financial advisors and clients to gain understanding of client's needs, aid in documenting client goals, articulate investment and tax planning strategies and recommendations, identify expertise needed to help the client achieve their goals, and build relationships with clients and financial advisors
Lead firm goals, projects and initiatives to better serve branch teams and clients.
Drive department/team wide goals, projects and initiatives to better serve branch teams and clients.
Stay abreast of financial planning concepts, market trends, investment opportunities, changes in financial regulations, etc. and share subject matter expertise with team, Financial Advisors, and clients
Help shape and inform High Net Worth client facing advice and guidance related to complex tax planning as well as provide input on future products and services needed to meet client needs.