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

Washington, District of Columbia, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Private WealthIndustries

Requirements

Lives in the Washington DC area and is excited to meet with clients in person, if needed
Bachelor’s degree in business or related discipline or equivalent experience
10+ years related work experience in financial services and client experience

Responsibilities

Serve as the lead advisor within a dedicated client team, working in close collaboration with a Wealth Advisor and Client Experience Specialist to build lasting relationships with a dedicated book of high net worth Empower clients
Provide a first-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, both proactively and reactively
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; recommend, implement, and review investment strategies that align with clients’ risk tolerance and financial objectives; engage with clients on portfolio, market, and economic discussions
Provide clients with holistic financial planning on subjects including retirement planning, income optimization, tax-advantaged savings strategies, and education planning; collaborate with Financial Planning Specialists on complex issues or comprehensive financial plans
Effectively coordinate with advisory team and various EPW stakeholders for client-related requests
Delegate, coach, train, and develop colleagues and resources
Travel to meet with clients face-to-face and build strong relationships

Skills

Key technologies and capabilities for this role

Wealth ManagementFinancial PlanningClient Relationship ManagementHigh-Net-Worth AdvisoryPractice LeadershipFinancial AdviceTeam Leadership

Questions & Answers

Common questions about this position

Is this a remote position or does it require in-person work?

The ideal candidate lives in the Washington DC area and is excited to meet with clients in person if needed, though comprehensive relationship management is conducted via phone, email, and virtual meetings. The company offers a flexible work environment.

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

The role requires being a natural leader who can confidently serve as the lead advisor, with skills in delivering proactive tailored financial advice, comprehensive relationship management, clear communication, empathy, clarity, and insight.

What is the team structure for this position?

You will serve as the lead advisor within a dedicated client practice team that includes a Wealth Advisor and a Client Experience Specialist, collaborating closely without direct people management.

What is the company culture like at Empower?

Empower has a flexible work environment with fluid career paths, celebrates internal mobility, emphasizes purpose, well-being, work-life balance, and creates a welcoming inclusive environment with significant volunteering.

What makes a strong candidate for this role?

A strong candidate lives in the Washington DC area, is excited to meet clients in person if needed, acts as a natural leader with empathy and insight, and has experience delivering personalized financial advice to high-net-worth clients.

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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