Wealth Advisor Associate

Experience Champaign Urbana; Urbana (IL); On-site; USD 55,000 - 68,000; Full time

Benefits offered by this job

401(k) match

Profit sharing

Employee stock purchase plan

Paid time off

Medical

Dental

Vision

Life insurance

Long-term disability

Wellness incentives

Employee assistance program

Job summary

First Busey Corporation in Urbana, IL is seeking a Wealth Advisor Associate to cultivate and manage a portfolio of Wealth Management clients under the guidance of a Managing Director or seasoned advisor. You will serve as the main liaison for your designated client base, delivering personalized financial guidance and coordinating with the team to meet client goals.

Key responsibilities include expanding client assets, guiding onboarding, preparing meeting materials with accuracy, and ensuring

Qualifications

• Strong oral and written communication skills with client contact via meetings, phone, and correspondence.
• Wealth Management concepts including investments, banking and trust basics.
• Financial planning concepts and fiduciary responsibilities.

Responsibilities

• Serve as resource for Wealth Advisory Support Associates and team.
• Recommend actions aligned with the client’s Investment Policy Statement.
• Work independently and in a collaborative environment.
• Respond promptly to client needs under time pressure while maintaining sound judgment.
• Engage with designated clients to discuss investment strategies and financial plans.

Skills

Communication skills

Wealth management concepts

Financial planning concepts

Team coordination

Client relationship management

Education

Bachelor’s degree in business or finance

Tools

Trust Accounting systems

Microsoft Office Suite

Job description

Position Summary

The 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 & Responsibilities

• Proactively 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 & Experience

Knowledge 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 procedures

• Financial planning concepts and fiduciary responsibilities

Ability to:

• Serve as resource for team of Wealth Advisory Support Associates

• Make recommendations consistent with the client’s Investment Policy Statement

• Work independently and in a team-based, collaborative environment

• Perform 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 leaders

Education 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 Benefits

Salary 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 Opportunity

Busey 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.