Financial Advisor

South Shore Bank; South Weymouth (MA); On-site; USD 54,000 - 66,000; Full time

Benefits offered by this job

Medical benefits

Dental coverage

Vision benefits

Flexible Spending Accounts

Dependent Care benefits

Retirement plan

Life Insurance

Job summary

South Shore Bank seeks a seasoned Financial Advisor to deliver comprehensive guidance, investment advice, and wealth management solutions for individuals and families. You will assess goals, risk tolerance, and retirement needs; design tailored plans; and work with banking colleagues to expand wealth management referrals.

Required FINRA licenses, CFP/CFA designations preferred, and a proven track record in portfolio management and client growth.

Qualifications

• FINRA Series 7 and 66 licenses required or equivalent.
• Bachelor's degree or higher required; CFP/CFA preferred.
• Established practice and experience managing client portfolios and driving growth.
• Proven relationship building and business skills.
• Excellent communication skills, both written and verbal.
• Highly entrepreneurial and proactive in growth.

Responsibilities

• Conduct thorough financial assessments for clients to understand goals, risk profiles, and financial situations.
• Provide personalized investment advice and recommendations based on objectives, risk tolerance, and time horizons.
• Develop holistic financial plans including budgeting, retirement planning, estate planning, and tax-efficient solutions.
• Regularly review and update clients' financial plans to reflect changes in circumstances and markets.
• Explain complex financial concepts clearly to clients to support informed decisions.
• Stay up-to-date with market trends and financial products to provide timely guidance.
• Maintain strong knowledge of banking products to deepen client relationships.
• Engage in business development to expand the client base and achieve sales targets.
• Collaborate with banking colleagues to identify and refer wealth management opportunities.
• Comply with regulatory requirements and firm policies.

Skills

FINRA Series 7/66 licenses

Portfolio management

Relationship building

Communication skills

Business development

Entrepreneurial mindset

Education

Bachelor's degree or higher

Certified Financial Planner (CFP)

Chartered Financial Analyst (CFA)

Job description

SUMMARY

The Financial Advisor plays a crucial role in providing comprehensive financial guidance and investment advice to our valued clients. This expertise helps clients make informed decisions about their financial goals, investment strategies, retirement planning, and wealth management. The Financial Consultant works closely with clients to understand their unique financial needs, assess their risk tolerance, and develop tailored financial plans that align with their objectives.

DESCRIPTION

The Financial Advisor plays a crucial role in providing comprehensive financial guidance and investment advice to our valued clients. This expertise helps clients make informed decisions about their financial goals, investment strategies, retirement planning, and wealth management. The Financial Consultant works closely with clients to understand their unique financial needs, assess their risk tolerance, and develop tailored financial plans that align with their objectives.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Conduct thorough financial assessments for clients to understand their current financial situations, future goals, and risk profiles.
• Provide personalized investment advice and recommendations based on clients' financial objectives, risk tolerance, and time horizons.
• Collaborate with clients to develop holistic financial plans such as budgeting, investment strategies, retirement planning, estate planning, and tax-efficient solutions.
• Regularly review and update clients' financial plans to adapt to changing circumstances, market conditions, and life events.
• Present and explain complex financial concepts in a clear and understandable manner to clients, helping them make informed decisions.
• Stay up-to-date with market trends, economic indicators, and financial products to provide accurate and timely advice.
• Maintain a strong understanding of banking products and services to deepen client relationships.
• Actively engage in business development activities to expand the client base and achieve sales targets.
• Develop relationships with banking colleagues. Educate bank partners on wealth management offerings and how to identify and refer prospective wealth management clients.
• Comply with all regulatory requirements and ethical standards.
• Maintain a robust knowledge of the firm’s latest planning tools, techniques and strategies.
• Inform management of circumstances that require supervisory attention, review, or approval per compliance guidelines and policies.

Consider this description to be the foundation of your job, not its boundaries. Expect to participate in internal and external training sessions and activities not described here which enhance the quality of service to the client.

QUALIFICATIONS

• FINRA Series 7 and 66 (63 and 65 accepted in lieu of 66).
• Preferred additional designations: Certified Financial Planner and/or Chartered Financial Analyst.
• Established practice and experience managing client portfolios and driving growth.
• Proven relationship building and business skills.
• Bachelor's degree or higher
• Possess excellent communication skills, both written and verbal
• Highly entrepreneurial

Language Skills

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports and business correspondence. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public in an investment climate.

Mathematical Skills

Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals and to interpret meaning behind results. Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.

REASONING ABILITY

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this Job, the employee is regularly required to sit and talk or hear. The employee is occasionally required to stand, walk; use sufficient hand, arm and finger dexterity or feel objects, tools, or controls. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. The noise level in the work environment is usually moderate.

KEY POINTS

Join the Bank that shares success with others! As a locally managed mutual bank, South Shore Bank is driven by the needs of communities rather than the demands of investors. You can help us serve as a trusted advisor to the people, businesses and organizations that make our communities stronger. We also provide a competitive benefit package with Medical, Dental, Vision, Flexible Spending, Dependent Care, Childcare Subsidy, Retirement, Life Insurance, and many other benefits. It has been and will continue to be the policy of South Shore Bank to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, sex, color, religious creed, religion, national origin, citizenship status, age, disability, pregnancy, ancestry, military service, or veteran status, genetic or carrier status, marital status, sexual orientation, or any classification protected by applicable federal, state, or local laws. At South Shore Bank, we believe that diversity and inclusion are critical to our future and our mission - creating a foundation for a creative workplace that leads to innovation, growth, and profitability. We believe in Shared success and We before Me. Through a variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

PAY RANGE DISCLOSURE

The pay range for this position is a base salary of $60,000.00 per year plus commission and is the lowest to highest salary South Shore Bank in good faith believe we would pay for this role at the time of this posting. The Bank may ultimately pay more or less than the posted range, and the range may be modified in the future. An employee’s pay position within the salary range will be based on several factors including, but not limited to, relevant education, qualifications, certifications, experience, sales or revenue-based metrics, and business or organizational needs and affordability.

EOE/F/M/Vet/Disabled.