Managing Partner, Wealth Advisor

Role Specific Job Duties

• Lead a team of Wealth Advisors
• Set the strategic direction and establish priorities of the local wealth advisor practice
• Develop, manage, and execute on the business plan for the advisor practice
• Establish KPI’s for the practice that will allow the team to measure and monitor success
• Align resources in the practice with the business plan
• Manage practice performance, regularly updating the associate 9-box and develop specific professional development plans for each wealth advisor
• Continuously mentor wealth advisors on team, helping them adopt industry best practices
• Drive a growth oriented, entrepreneurial culture with a can-do mindset across the advisory practice
• Ensure team adoption of new platforms and technologies to drive operational efficiency and enhance the client experience
• Opportunistically assist in new advisor recruiting
• Ensure all minimum standards of care are met across all client relationships

Function Specific Job Duties

• Responsible for managing the practice P&L
• Meet regularly with team to proactively understand trends, attrition risks, and opportunities with clients and prospects
• Execute on specific programs aimed to increase productivity of business development, client retention and engagement
• Lead the development of centers of influence (both internal and external) as referral sources, and development of natural markets and key influencers
• Lead the wealth management services delivery to high value clients within the practice
• Coordinate the delivery of wealth, financial planning, investment, and estate planning advice for clients, leveraging dedicated financial planners, trust officers and portfolio managers within the practice
• Drive a growth oriented, entrepreneurial culture with a can-do mindset across the advisory practice
• Ensure team adoption of new platforms and technologies to drive operational efficiency and enhance the client experience
• Opportunistically assist in new advisor recruiting
• Ensure all minimum standards of care are met across all client relationships

Compensation

Compensation ranges are provided for US Employees in California, Washington DC, New Jersey, and New York, US Employees in Colorado, Connecticut, Delaware, Illinois, Massachusetts, Maryland, Minnesota, Pennsylvania, Rhode Island, Texas, Washington, and Wisconsin, and US Employees in all other states not listed above.

The posted compensation range on this listing represents UMB’s good faith and reasonable estimate based on its budget and what it expects to be the starting pay for this role, but the actual compensation may vary by geographic location, experience level, and other job-related factors.

Please see the description of benefits included with this job posting for additional information.

UMB offers competitive and varied benefits to eligible associates, such as Paid Time Off; a 401(k) matching program; annual incentive pay; paid holidays; a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage; health savings, flexible spending, and dependent care accounts; adoption assistance; an employee assistance program; fitness reimbursement; tuition reimbursement; an associate wellbeing program; an associate emergency fund; and various associate banking benefits.

Benefit offerings and eligibility requirements vary.