Wealth Advisor | Schaumburg

BankTalent HQ; Schaumburg (IL); On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Private Wealth Advisor to serve as a personal relationship manager for high-net-worth clients. In this dynamic role, you'll engage in proactive communication, manage client accounts, and collaborate with various teams to create tailored financial strategies. Your expertise in wealth management services will be crucial as you drive new business opportunities and ensure compliance with firm policies. This position offers a chance to make a significant impact on clients' financial journeys while working in a supportive and inclusive environment that values diversity.

Qualifications

• Strong communication and sales skills are essential for managing client relationships.
• Bachelor's degree in Business or Finance preferred for this role.

Responsibilities

• Manage and develop a book of Wealth Management Clients, including high-net-worth individuals.
• Coordinate with Investment Team and Financial Planning for comprehensive strategies.

Skills

Communication Skills

Sales Skills

Client Service Skills

Wealth Management Services

Fiduciary Approach

Education

Bachelor's degree in Business or Finance

Certified Financial Planner designation

Tools

Trust Accounting Systems

Microsoft Office Suite

Job description

Position Summary

The Private Wealth Advisor's (PWA) primary responsibility is to serve as a personal relationship manager to Busey Wealth Management clients. The Advisor will engage in proactive and ongoing communication with clients to build and maintain relationships and to develop a deep understanding of clients' unique goals and objectives. The reporting structure may vary for the PWA role based on regional needs; a PWA can report to a Market or Regional President and in some instances, a Managing Director, Director, or a PWA II.

Duties & Responsibilities

• Manage and develop a designated book of Wealth Management Clients, including high-net-worth individuals, families, and institutional clients such as foundations and endowments.
• Coordinate efforts with our Investment Team, Financial Planning and Tax Specialists, Estate Planning, Portfolio Management, and Private Client banking services to create comprehensive financial strategies and solutions.
• Actively seek new business opportunities, including acquiring additional assets from existing clients and seeking new high-net-worth clients.
• Monitor and service client accounts daily to ensure smooth operations and compliance with firm policies and procedures.
• Act as the primary relationship manager for assigned clients.
• Regularly meet with clients to review and enhance their financial strategies and relationships with Busey.
• Drive new sales opportunities and participate in discovery/needs-based sales training.
• Serve as a resource and occasionally lead projects within the team.
• Ensure operational compliance and high-quality client service in account administration.
• Complete mandatory account reviews and make client recommendations aligned with their financial plans and Investment Policy Statements.
• Maintain regular communication with clients regarding their investment strategies and financial plans.
• Provide high-level service to clients, beneficiaries, advisors, and related parties.
• Escalate issues appropriately.

Education & Experience

Knowledge of:

• Strong communication skills, both oral and written
• Sales and client service skills
• Wealth Management services, including investments, financial planning, banking, and trust concepts
• A fiduciary approach to managing client relationships

Ability to:

• Develop and manage advanced client relationships
• Make independent decisions
• Respond promptly to client needs
• Collaborate effectively with team members
• Understand and think strategically about clients' financial plans
• Analyze numerical data and interpret technical information
• Perform under time pressures

Education and Training:

• Bachelor's degree in Business or Finance or equivalent experience with high-net-worth clients
• Certified Financial Planner designation preferred
• Maintain good standing with First Busey Corporation continuing education requirements
• Engage in ongoing professional development
• Proficiency in business systems, including Trust Accounting and Microsoft Office Suite

Busey values diversity and inclusion and is an Equal Opportunity Employer, including Disability/Vets. Visit Busey.com/Careers to learn more.