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Job Description Title Sr Associate, Wealth Strategies
Job Function Personal Trust
Requisition Number 041846
Metropolitan Area TX-Fort Worth Area
Manager Position Non-manager
Standard Hours 40
Job Description Assist Wealth Strategists with all aspects of the sales process relating to identification of potential prospects and generating new trust and investment business. The goal is to provide the Junior Wealth Strategist with skills required to transition into a full producing Wealth Strategist role within 2-5 years.
Primary duties will include assisting Wealth Strategists with seeking prospects combined with active calling efforts; researching and uncovering potential prospects; preparing materials for client meetings and new business presentations; coordination of sales activities around seminars, COI cultivation, community and bank sponsored events; responsible for reviewing new business documentation prepared by sales associates; work the will bank to generate current fee opportunities; and ensures that the sales process is proactive and timely.
Obtain strong understanding and knowledge on investment management, fiduciary and financial planning matters.
Knowledge/Skills Basic knowledge of personal financial planning, trust and investment products and services are required to perform primary duties. Knowledge of the bank computer applications (Lotus Notes, Trust System, Contact Management) is required to generate sales reports and databases. Organizational and personal computer skills are necessary to prepare materials for prospect and COI meetings and presentations.
Knowledge of fiduciary products and services (e.g. personal trusts, living trusts, wills, investment management, security custody, financial consulting, estate planning), including fee structures, documentation, policies and procedures usually acquired through work-related instruction or work experience is required to respond to account related matters and various sales situations.
Knowledge of the duties performed within the various departments and divisions of the bank acquired through work experience is required to direct inquiries and requests for client-related information.
Analytical, organizational and sales skills are required to proactively manage the sales process. Interactive skills are required to understand prospect needs and respond with the appropriate solutions.
Major Duties 1. Researches prospects through Factiva and Lexus Nexis. Prepares
materials (i.e. letters, agreements, marketing updates) for prospect,
COI or client meetings and presentations.
2. Compiles reports for prospects, COI or client meetings and
3. Makes necessary arrangements for prospect, COI or client meetings
involving travel, audio-visual aides, seminar/lunch/dinner reservations,
meetings, seminars, etc
4. Performs special projects (i.e. coordinating reports, preparing account
analysis and workflow reports) that require responding to specific
account inquiries and issues.
5. Work with prospect database to implement proactive DRIP campaign
to convert leads into prospects. Set up files on new business
6. Reviews and organizes all asset/family information and trust
documents to assess the bank¿s appointment status, and any
discrepancies between documents. Reviews all correspondence and
accompanying documentation from prospects and attorneys to
assimilate all possible information about new business opportunity.
7. Submits account documents to the legal area and external attorneys
after inspecting them to ensure adherence to established guidelines
and to obtain missing information, correct documents, clarify
information, and resolve problem situations.
8. Works with Wealth Strategists to maintain active prospect files and
reminders to initiate calls for making forward progress.
9. Composes letters to prospective clients and follows up with telephone
calls to arrange meetings.
10. Communicates with partner areas on all aspects of a prospect/client
relationship and initiates activity which fulfills a partner¿s or client¿s
11. Responds to individual prospects¿/clients' inquiries and respond
through written correspondence or via telephone.
12. Develop in-depth knowledge of a full range of trust-oriented services
(e.g. personal trusts, living trusts, wills, investment management,
security custody, financial consulting, estate and tax planning). Attend
meetings and classes to keep abreast of personal financial planning
products and services.
13. Be able to lead sales calls and present to COIs/prospects without the
assistance of a Wealth Strategist. Develop independent calling
Experience Undergraduate Degree or equivalent experience
Strong computer skills ¿ Powerpoint, Word, Excel
1-3 years of trust sales or trust relationship management experience