Wealth Advisor Associate

Busey-Bank-2; Urbana (IL); On-site; USD 55,000 - 68,000; Full time

Job summary

Busey Bank in Urbana, IL is seeking a Wealth Advisor Associate to cultivate and manage a portfolio of Wealth Management clients under mentorship from a Managing Director. You will act as the main liaison, expand business, and deliver personalized financial guidance.

You will onboard clients, coordinate meetings, review accounts for regulatory requirements, and work with Advisor Support to meet deadlines while ensuring compliance and excellent client service.

Qualifications

• Bachelor's degree in business or finance required.
• Strong oral and written communication skills.
• Knowledge of wealth management concepts, investments and fiduciary responsibilities.
• Ability to work independently and in a team.

Responsibilities

• Proactively seek opportunities to expand business by growing client assets.
• Onboard/offboard clients and prepare meeting materials with accuracy.
• Serve as the main liaison for designated clients and provide personalized financial guidance.
• Collaborate with Advisor(s) and Support staff to complete timely administrative tasks.
• Regularly review accounts to ensure regulatory compliance.
• Meet with clients to discuss investment strategies and financial plans.
• Maintain client relationships in line with policies and documentation.

Skills

Wealth management concepts

Investments

Relationship management

Financial planning

Fiduciary responsibilities

Education

Bachelor's degree in business or finance

Tools

Trust accounting systems

Microsoft Office Suite

Job description

Position SummaryThe Wealth Advisor Associate cultivates and manages a portfolio of Wealth Management clients, guided and mentored by a Managing Director or seasoned Private/Fiduciary Wealth Advisor. Acting as the main liaison for clients within their portfolio, the Wealth Advisor Associate receives supplemental support from their team at the relationship and sales level. This role involves fostering and overseeing client relationships, grounded in a comprehensive grasp of each client's unique goals and objectives.Duties & ResponsibilitiesProactively seek opportunities to expand business, both by growing existing client assets and cultivating new client relationships.Drive and oversee the execution of our Proactive Client Engagement Model by facilitating client onboarding/offboarding, preparing materials for client meetings with attention to detail and accuracy, and coordinating additional items needed for these events.Serve as the key point of contact for designated clients, nurturing strong relationships and providing personalized financial guidance.Independently engage with clients to assess their needs, devise tailored strategies, and strengthen their connection with Busey.Collaborate closely with existing Advisor(s) and Advisory Support associates to ensure timely completion of all necessary administrative tasks, meeting client-directed deadlines or other assigned timeframes.Conduct thorough reviews of assigned accounts as per regulatory requirements.Participate in comprehensive sales training focused on building trusted relationships, uncovering client needs, and delivering effective solutions.Establish and maintain consistent cash flows, ensuring alignment with account agreements and documentation.Regularly meet with clients to discuss investment strategies and financial plans, ensuring alignment with their goals and objectives.Manage accounts with strict adherence to regulatory frameworks, legal mandates, and internal policies, while delivering exceptional client service.Education & ExperienceKnowledge of:Strong oral and written communication skills with moderate to high level of customer contact via client meetings, phone, and correspondence.Wealth Management concepts including investments, banking and trust concepts including relationship management, portfolio management, and basic trust and estate proceduresFinancial planning concepts and fiduciary responsibilitiesAbility to:Serve as resource for team of Wealth Advisory Support AssociatesMake recommendations consistent with the client’s Investment Policy StatementWork independently and in a team-based, collaborative environmentPerform duties under frequent time pressures and respond timely to client needs and requests, while building decision-making skills to work independent of more senior advisors and leadersEducation and Training:Requires bachelor’s degree in business or finance, or commensurate experience in the financial advisory or wealth management industry with high net-worth clients.Attend appropriate training and educational programs to enhance understanding of the industry as part of the on-going job responsibilities.Minimum of 8 hours of annual continuing education in courses related to the position’s responsibilities.Approved webinars, seminars, and courses will be credited at the CE amount stated, must be in good standing with First Busey Corporation continuing education.Requires knowledge of standard business systems, including but not limited to Trust Accounting systems, Microsoft Office Suite.Compensation and BenefitsSalary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance.(Base Pay Range: $55,000 - $68,000/yr)Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-being—now and in the years to come—are important to us. Busey’s Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts. Visit Busey Total Rewards for more information.Equal OpportunityBusey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey’s commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey’s Equal Opportunity Employment.Unsolicited ResumesBusey Bank, and its subsidiaries, does not accept any liability for fees for resumes from recruiters or employment agencies (\"Agency\"), without a binding, written recruitment agreement between Busey and Agency describing the services and specific job openings (\"Agreement\"). Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidate(s) without any financial obligation to the Agency, unless an Agreement is in place. Any email or verbal contact with any Busey associate is inadequate to create a binding agreement. Agencies without an Agreement are requested not to contact any associates of Busey with recruiting inquiries or resumes. Busey respectfully requests no phone calls or emails.