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Financial Advisor Career Path Client Service Skills, Duties and Requirements Financial advisor career path client service skills, duties and requirements Staff Financial Staff Financial Staff Financial Associate Advisor / Paraplanner Advisor 1 Advisor 2 Advisor 3 Advisor Senior Advisor Education Bachelor’s Degree (preferably in Financial Planning, Business, Accounting, Finance or related field) No experience At least 1 year 3+ years experience in the Financial Services 4+ years Minimum 5 years required experience in the industry OR 1–2 years in the experience in the experience in the Experience (prefer internship Financial Services Financial Planning field delivering Financial Planning Financial Planning experience) industry advice and services to clients field delivering field delivering advice and advice and services to clients services to clients Currently enrolled in CFP program CFP License Not Required ® CFP licensee ® or licensee ® Strong computer skills, experienced and + experienced and proficient in Portfolio center, Junxure (contact management software), Computer skills proficient in Excel and Word, basic and routine operation of Portfolio Center, and Worldox (indexing of scanned documents) Junxure and Worldox Financial Basic understanding + proficient + advanced of Naviplan (or other describing client knowledge and Planning Proficient with data entry and reviewing Not Required Financial Planning report package and expertise, ability and understanding client report package Projections software) and data Monte Carlo analysis to deliver advice (Naviplan) entry process to client to client Financial Planning Review + proficient + advanced with analyzing, knowledge and + ability to understand and summarize of client financial Update IRA and Review and understanding and expertise, ability most information from client documents; Asset/Liability summarize basic summarizing client to deliver financial documents develop agenda summary; begin information from documents, and planning advice (estate, agenda client documents retirement plans, describing to client to client insurance, etc.) SUMMIT FINANCIAL STRATEGIES 7965 N. High St. #350, Columbus, OH 43235 t: (614) 885-1115 f: (614) 885-1495 summitfin.com FINANCIAL ADVISOR CAREER paTH CLIENT SERVICE SKILLS, DUTIES AND REQUIREMENTS Staff Financial Staff Financial Staff Financial Associate Advisor / Paraplanner Advisor 1 Advisor 2 Advisor 3 Advisor Senior Advisor + advanced + proficient with + proficient + proficient with knowledge and entry of advanced reviewing and Basic understanding Proficient with data data entry of current expertise, ability to tax information describing Tax Planning of 1040 returns and entry of last year’s year basic tax deliver tax planning (Sch. C & E) and projections and (BNA) supporting tax return into BNA information (payroll, advice to client and understanding developing schedules Sch. A, B & D) communicate with alternative scenarios alternative scenarios client’s tax advisor Generate + ability to review + Level 2 approval performance, gain/ + advanced and understand + understand MS Portfolio Fact Sheet of iRebal; participate loss, IPS, knowledge and Investment investment reports; analysis; analyze iRebal recommendations; as a voting member Morningstar, and expertise; ability Management review iRebal and attend Investment Committee Meetings of Investment asset allocation to delivery Level 1 approve Committee reports; iRebal run Attendance not Attends 100% of client meetings as Lead required; Should attend 25% Should attend 50% Client meeting Not Required Advisor and 2nd chair for other Advisors as occasionally as time of client meetings of client meetings attendance time permits permits Present Financial + present + present + present Statement; other and describe and describe Client meeting Not Required and advise on all items as directed summaries and Naviplan and BNA presentation agenda items by Advisor investment reports projections Memo dictation of Meeting 50% of meetings As directed by SFA Responsible for ensuring implementation follow-up and As directed by Advisor attended; execute of all follow up items and memo dictation implementation and/or Advisor implementation and follow up items SUMMIT FINANCIAL STRATEGIES 7965 N. High St. #350, Columbus, OH 43235 t: (614) 885-1115 f: (614) 885-1495 summitfin.com.
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