Wealth and Tax Planning Consultant - Private Wealth

BMO; Montreal; On-site; CAD 78,000 - 146,000; Full time

Job summary

BMO is seeking a Wealth and Tax Planning Consultant to provide specialized wealth planning services for High Net Worth and Ultra High Net Worth clients. The role involves collaboration with planning professionals to enhance client relationships and drive profitability through tailored solutions. Candidates typically have 5-9 years of experience, a relevant degree, and a mastery of wealth planning principles, making data-driven decisions to support client success.

Benefits

Comprehensive benefits package

Performance bonuses

Qualifications

• Typically 5-9 years of relevant experience.
• Bilingual in French and English.
• Experience with HNW/UHNW clients.

Responsibilities

• Provides specialized wealth planning for HNW/UHNW clients.
• Engages in goals-based discovery with clients.
• Uses financial analysis to develop detailed financial plans.

Skills

Communication

Analytical

Influence

Collaboration

Education

Master's degree or diploma in taxation

Relevant university degree

Job description

Wealth and Tax Planning Consultant - Private Wealth

Join to apply for the Wealth and Tax Planning Consultant - Private Wealth role at BMO.

Position Overview: Provides specialized wealth planning for High Net Worth / Ultra High Net Worth (HNW/UHNW) clients to help meet their long-term financial objectives. Collaborates with other planning professionals and Relationship Managers to deliver comprehensive wealth planning advice covering financial, tax, succession, philanthropic, will, estate, and trust planning. Aims to grow and retain HNW/UHNW client assets through tailored planning solutions, enhancing client relationships and increasing revenues. Enhances the client and BMO Advisor experience to drive profitability, share of wallet, and Net Promoter Scores.

• Offers customized advice and planning services to HNW/UHNW clients.
• Engages in goals-based discovery with clients, ensuring data accuracy and effective knowledge management.
• Acts as a consultative partner in client conversations, contributing to a positive client experience.
• Utilizes wealth planning principles and techniques in client interactions.
• Provides expertise on regulations and policies, offering insights and solutions.
• Uses financial analysis to develop detailed financial plans.
• Consults with clients and external advisors on complex issues.
• Stays informed on emerging trends and legislation, sharing knowledge via articles and training materials.
• Develops educational content and participates in training and presentations.
• Builds and maintains networks and referral sources to support business growth.
• Adheres to all regulations, policies, and risk guidelines to protect assets.
• Serves as a resource to senior leaders and stakeholders, addressing complex situations creatively.
• Implements strategic changes based on industry shifts.

Qualifications:

• Typically 5-9 years of relevant experience with a relevant university degree.
• Bilingual in French and English.
• Master's degree or diploma in taxation required; financial planner designation to be obtained within 6 months.
• Experience with HNW/UHNW clients and proven business development success.
• Extensive knowledge of wealth planning, financial products, and markets.
• Strong communication, analytical, influence, and collaboration skills.
• Ability to manage ambiguity and make data-driven decisions.

Note: The base salary in Montreal ranges from $135,000 to $165,000 plus performance bonuses. Salary for this role is between $78,400 and $145,600, depending on location, skills, and experience. BMO offers comprehensive benefits and total compensation packages.

About Us: BMO is committed to fostering an inclusive and accessible workplace, supporting diversity, and providing accommodations during the hiring process.