Senior Wealth Strategist at Fifth Third Bank

Boca Raton, Florida, United States

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Banking, Wealth Management, Financial ServicesIndustries

Requirements

Bachelor’s degree required
CFP, JD, or C (certification or equivalent implied)
Expertise in complex financial issues and strategies, including multi-generational trusts, closely held business entities, corporate executives, and private foundations
Knowledge of advanced planning techniques (estate, tax, insurance, option, investment, retirement)
Ability to conduct research on complex tax and estate planning strategies and develop financial modeling and flowcharts
Strong communication skills to deliver wealth plans clearly to clients and advisors and respond to questions
Ability to build reciprocal calling and referral relationships with client relationship managers, sales officers, attorneys, and CPAs
Coaching and counseling skills for relationship managers on financial planning strategies
Proven track record of collaborating with and influencing management and peers
Ability to be highly effective in a team-oriented environment
Knowledge of relevant legislative, regulatory, and case law changes
Willingness to attend community/industry forums, conferences, and meetings
Participation in community affairs and professional associations
Supervisory skills to provide feedback, develop Analysts and Planners, and enhance career growth

Responsibilities

Serve as primary Wealth Planning expert for high net worth prospects and clients with complex financial issues
Develop, deliver, and implement customized wealth plans with proactive, high-impact, multi-generational solutions based on client facts and circumstances
Provide professional consulting/advisory services using advanced planning techniques (estate, tax, insurance, option, investment, retirement)
Review all client deliverables for which the planner is the lead
Play a major role in the sales process to acquire significant relationships by identifying issues and planning opportunities
Conduct research on complex tax and estate planning strategies and develop financial modeling and flowcharts
Deliver wealth plans to clients and advisors clearly and respond to questions
Develop proactive, reciprocal calling and referral relationships with client relationship managers and sales officers
Coach and counsel relationship managers (RMs) on financial planning strategies via training or client reviews
Develop and expand relationships with centers of influence (attorneys, CPAs) for business opportunities
Assist with development and presentation of training programs
Maintain knowledge of complex planning techniques and legislative/regulatory changes
Attend community/industry forums, conferences, and meetings to network and deepen knowledge
Participate actively in community affairs and professional associations
Support ongoing development of the wealth planning process
Provide timely, candid, constructive feedback to Wealth Planning Analysts and Planners; develop them to full potential and recognize accomplishments

Skills

Wealth Planning

Estate Planning

Tax Planning

Insurance Planning

Investment Planning

Retirement Planning

Multi-generational Trusts

Closely Held Businesses

Fifth Third Bank

Provides banking, loans, and wealth management services

About Fifth Third Bank

Fifth Third Bank offers a variety of financial services, including personal and business banking, loans, mortgages, credit lines, and insurance products. Their services cater to individual consumers, small businesses, and commercial clients, providing comprehensive solutions for managing finances. The bank generates revenue through interest on loans, service fees, and commissions from insurance and investment products. Unlike many competitors, Fifth Third Bank emphasizes community engagement and financial education, providing resources to help clients improve their financial literacy. The goal of Fifth Third Bank is to support clients in achieving their financial objectives while fostering a strong connection with the communities they serve.

Cincinnati, OhioHeadquarters

1858Year Founded

IPOCompany Stage

Social Impact, Financial ServicesIndustries

10,001+Employees

Benefits

Health Insurance

Paid Sick Leave

Paid Holidays

Performance Bonus

Flexible Work Hours

Risks

Rising interest rates may decrease demand for loans and mortgages.

Competition from fintechs like Robinhood threatens Fifth Third's wealth management sector.

Sophisticated cybersecurity threats pose risks to customer data and trust.

Differentiation

Fifth Third Bank offers comprehensive financial solutions for individuals and businesses.

The bank emphasizes community engagement and financial education for client empowerment.

It provides a wide range of insurance products, including life, health, and disability.

Upsides

Increased demand for digital banking boosts Fifth Third Bank's online service offerings.

Partnerships with fintech enhance technological capabilities and customer experience.

Growing interest in sustainable finance attracts environmentally conscious customers.

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