[Remote] Senior Private Wealth Advisor, Practice Lead (Personal Strategy) - Bay Area at Empower

San Francisco, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

Bachelor’s degree in business or related discipline or equivalent experience
10+ years related work experience in financial services and client experience
Ability to work in the San Francisco Bay area
Willingness to travel to meet with clients face-to-face

Responsibilities

Serve as the lead advisor within a dedicated client team
Provide a first-in-class client experience servicing needs related to client onboarding, financial planning, and investor education
Collaborate with advisory team resources to grow and maintain strong long-term relationships with highly valued clients
Conduct comprehensive relationship management via phone, email, and virtual meetings
Retain assets under management and garner additional assets through diligent communication, proactive education, and unfailing responsiveness
Act as liaison between clients and various internal groups/departments within Empower Personal Wealth to serve clients
Clearly explain the ‘Personal Strategy’ investment strategy and recommend, implement, and review investment strategies that align with clients’ risk tolerance and financial objectives
Provide clients with holistic financial planning on a variety of subjects, including retirement planning, income optimization, tax-advantaged savings strategies, and education planning
Effectively coordinate with advisory team and various EPW stakeholders for client-related requests
Delegate, coach, train, and develop colleagues and resources as needed

Skills

Key technologies and capabilities for this role

Financial PlanningClient Relationship ManagementStrategic AdviceCommunicationLeadershipEmpathy

Questions & Answers

Common questions about this position

What is the work arrangement for this role?

The role offers a flexible work environment, with comprehensive relationship management conducted via phone, email, and virtual meetings. The ideal candidate lives in the San Francisco Bay Area and is excited to meet with clients in person if needed.

What does the team structure look like for this position?

This role serves as the lead advisor within a dedicated client practice team that includes a Wealth Advisor and a Client Experience Specialist. It is not a people management position but sets the tone for the team's client interactions.

What skills are required for the Senior Private Wealth Advisor role?

Key skills include serving as a trusted advisor for high-net-worth clients, leading with empathy, clarity, and insight, delivering proactive tailored financial advice, comprehensive relationship management, and clearly explaining personal strategy.

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, and creating a welcoming and inclusive environment with significant volunteering efforts.

What makes a strong candidate for this Practice Lead role?

A strong candidate is a natural leader living in the San Francisco Bay Area, excited to meet clients in person if needed, with the ability to lead a client team, build lasting high-net-worth relationships, and deliver a first-class personal experience.

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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