Wealth Strategist

CIBC•Toronto, ON

5d•Hybrid

About The Position

High net worth clients often require additional expertise due to their level of wealth and the complexities involved. The role of a Wealth Strategist is to partner with CIBC Private Banking Advisors, CIBC Wood Gundy Investment Advisors and CIBC Private Investment Counselors to understand the unique and complex needs of the high net worth client, and offer recommendations to optimize and grow the clients’ wealth. Wealth Strategists develop a holistic and integrated wealth management strategy – one that combines investment management, estate planning, tax planning, and retirement planning strategies amongst others so they all work together to achieve your clients’ goals. At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview. The expected annualized base salary range for this role is $92,490 to $127,200. The base salary is determined by a variety of factors, including the candidate’s skills, experience, and job-related knowledge, as well as geographic location and specific business needs. Our compensation philosophy supports ongoing growth and development, enabling progression within the salary range as team members advance in their roles. In addition to base pay, compensation for this role includes participation in an annual discretionary incentive or bonus program. We are committed to providing fair, equitable, and competitive compensation opportunities for all employees and we encourage open conversations about compensation throughout the recruitment process.

Requirements

Superior financial planning skills and proven success in developing comprehensive financial plans for HNW and UHNW clients.
Extensive experience working with High Net Worth clients.
Successfully completed the Certified Financial Planning (CFP) designation or have other designations such as CPA, CA, CMA, LLB. TEP and FEA are considered an asset.
You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

Nice To Haves

Experience in Law or Accounting with a financial planning base would be a huge asset.

Responsibilities

Prepare and present comprehensive financial plans that meet existing and prospective client’s needs and objectives for HNW clients (minimum $5 million in investible assets) by leveraging internal CIBC expertise.
Work with the client’s other external advisors as appropriate (i.e. lawyers and accountants) in gathering and validating information to support development of plans and recommendations.
Work proactively with Investment Advisors, Private Banking Advisors and Private Investment Counselors to lead the development of an integrated financial plan for new and existing HNW clients.
Assemble a multi-disciplined team to develop innovative domestic and global solutions for the client’s personal and business needs (banking, investing, estate and trust planning, tax minimization, education, business valuation, sale of a business, charitable giving etc.).
Make an impact in your community, and show clients they’re appreciated by engaging in marketing and outreach activities.
Play an active role in the acquisition and retention of HNW clients through proactive networking.
Build and sustain a network of experts (lawyers, accountants, tax experts, etc.) who can be leveraged to support the development of complex financial plans and identify potential referral sources for clients.

Benefits

competitive salary
incentive pay
banking benefits
a benefits program
defined benefit pension plan
an employee share purchase plan
a vacation offering
wellbeing support
MomentMakers, our social, points-based recognition program
Purpose Day; a paid day off dedicated for you to use to invest in your growth and development