Wealth Manager

Rory Mackie & Associates; Cape Town; On-site; ZAR 600,000 - 1,200,000; Full time

Job summary

Rory Mackie & Associates in Cape Town seeks a Wealth Manager to grow a client book through meetings and partnered networks. You will draft investment proposals, monitor portfolios, and produce regular reports for clients and partners.

The role requires deep wealth management knowledge, strong client relations, and adherence to FAIS/FICA/POPIA frameworks, with private banking experience preferred.

Qualifications

• Solid understanding of wealth management and financial planning.
• Experience with investment proposals and client reporting.
• Familiarity with FAIS, FICA and POPIA compliance.

Responsibilities

• Building a wealth management book of clients through meetings and network partners.
• Drafting investment proposals and reports for clients and partners.
• Maintaining and analyzing the investment book and asset allocations.
• Engaging with partners and updating weekly/monthly/quarterly reports.

Skills

Client relationship management

Wealth management

Investment knowledge

Communication skills

Education

BCom or related finance/wealth/investment management qualification

3-5 years' experience as wealth manager/financial advisor

Investment advisory experience

Tools

Investment platforms

Financial planning software

Job description

Overview:

Our client is a leading financial services business offering a comprehensive range of wealth management, asset management and stockbroking services.

Through its dedicated partner network, the business works closely with accountants to provide tailored wealth management solutions for their clients, including financial planning, investment structuring and tax-efficient solutions.

They are seeking a Wealth Manager to join their team, supporting this network and delivering bespoke financial solutions to clients.

Responsibilities:

• Building of a wealth management book of clients by meetings and leveraging off partnered distribution relationships
• Constant monitoring and follow up of new business implementation process to ensure a seamless and smooth client acquisition
• Consulting with various stakeholders including but not limited to the following individuals:
  • portfolio managers
  • product suppliers
  • administrative staff
• Drafting of investment proposals and investment reports
• Compiling, updating of weekly, monthly and/or quarterly investment feedback reports for selected clients and all partners
• Constant maintenance and analysis of the investment book
• Updating of internal weekly pipeline reports on POS (internal system)
• Compiling and updating of portfolio asset allocation spreadsheets
• A minimum bi-monthly partner update
• Ongoing communication and engagement with the partners
• Working closely with the Wealth Managers in the team, assisting, advising and working together to build the business

Job Knowledge:

• Clear understanding of the financial services, including investments and industry
• Clear understanding of administration of financial services, products and investment platforms
• An understanding of FAIS and subordinate legislation, FICA and POPIA

Job experience:

• High-net-worth client interaction (essential)
• Investment funds, Collective Investment Schemes (CIS), JSE, equities and other investment class experience (desirable)
• Private banking/wealth management experience

Education:

• BCom or similar finance/wealth/investment management related qualification
• Three to five years' experience as a client wealth manager/financial advisor/planner/private banker
• Experience in investment advisory and financial planning
• Sound financial acumen and customer service excellence

Personal Requirements:

• Dynamic, energetic, resilient and committed initiative-taker.
• Strong client relationship management ability.
• Target driven.
• Consistent self-education.
• Industry exposure and competitor analysis