[Remote] Retirement Strategy Consultant at Empower

San Antonio, Texas, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

FINRA Series 7 and 66 (or Series 63 and Series 65) registrations required within corporate-established timelines
FINRA fingerprinting required
CFP and/or CRPC preferred
3+ years financial industry experience
Strong interpersonal skills, ability to work in teams
Self-starter

Responsibilities

Educate and advise plan participants on Advisory Services available through their plan to assist in reaching retirement goals
Gain and employ expert knowledge about RPAT plan rules, processes, procedures, and key stakeholders (plan advisors, third-party administrators, internal Workplace Solutions partners)
Proactively identify customer retirement planning needs and utilize Empower Best Interest Profile (BIP) tool to deliver fiduciary recommendations relating to all advice modules, including investment advice
Be accountable to customers implementing recommendations and assist with completion, including account rebalancing or enrollment in managed accounts
Comprehensively explain the methodology behind services and offer solutions to assist participants reach financial goals
Collect detailed information around individual’s financial objectives, asset composition, and historical information to help achieve future financial goals through Empower solutions
Identify, execute, and follow-up on opportunities to contract additional client assets while providing retirement planning discussions
Identify trends and determine proactive solutions to maximize service quality and increase assets under management
Adhere to compliance/risk procedures and exhibit detailed attention to policy and procedures by focusing on the participant’s best interest
Document information from conversations with clients pertinent to business and relationship development for follow-up calls
Provide fiduciary advice by leveraging Empower Best Interest Profile tool when appropriate
Explain and justify past returns in comparison to the economic environment, while acknowledging the goal of managed account services
Meet assigned bi-monthly goals with high accountability for positive results correlating to retention, increasing assets under management, and participant growth for Advisory Services

Skills

Key technologies and capabilities for this role

financial consultingretirement planninginvestment advicefiduciary adviceassets under managementadvisory servicesplan enrollmentretention strategiesBIP toolManaged Account Services

Questions & Answers

Common questions about this position

Is this a remote or flexible work position?

The company offers a flexible work environment.

What are the key skills required for the Retirement Strategy Consultant role?

Key skills include educating and advising on advisory services, expert knowledge of plan rules and processes, using the BIP tool for fiduciary recommendations, and identifying opportunities to increase assets under management.

What is the company culture like at Empower?

Empower emphasizes a flexible work environment, fluid career paths, internal mobility, purpose, well-being, work-life balance, inclusivity, and volunteering.

What salary or compensation is offered for this role?

This information is not specified in the job description.

What makes a strong candidate for this position?

Strong candidates can educate on advisory services, gain expert knowledge of plan rules and stakeholders, proactively identify retirement needs using the BIP tool, ensure implementation of recommendations, and drive AUM growth while adhering to compliance.

Empower

Personal finance management and credit building

About Empower

Empower.me provides personal finance management and credit building services through a subscription model. Users can sign up for a 14-day free trial, after which they pay $8 per month for access to various financial tools. These tools include customizable payment plans, budgeting features, and credit score monitoring. A key aspect of Empower.me is its focus on helping users build credit by reporting their payments to credit bureaus, which can enhance their credit history if payments are made on time. Additionally, Empower.me offers a Thrive line of credit, which involves a soft inquiry on the user's credit report, ensuring that their credit score remains unaffected during the application process. Unlike many competitors, Empower.me specifically targets individuals with no minimum credit score, aiming to improve their financial health and savings.

San Francisco, CaliforniaHeadquarters

2016Year Founded

$96.8MTotal Funding

LATE_VCCompany Stage

Fintech, Financial ServicesIndustries

51-200Employees

Benefits

Generous equity package

Full healthcare benefits

Unlimited PTO

Technology expense reimbursement

Work from anywhere

Risks

Increased competition from fintech companies like Chime and Varo could impact market share.

Integration challenges from acquisitions may disrupt operations and delay strategic goals.

Regulatory scrutiny on credit services could increase compliance requirements and costs.

Differentiation

Empower offers a unique subscription-based model for financial management tools.

The company focuses on credit building by reporting payments to credit bureaus.

Empower's Thrive line of credit involves a soft inquiry, not affecting credit scores.

Upsides

Acquisition of Petal and Cashalo expands Empower's product offerings and customer base.

Increased demand for financial literacy tools among millennials and Gen Z benefits Empower.

Growing interest in alternative credit scoring aligns with Empower's mission for underserved consumers.

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