Jobs · Finance · Minnesota

Private Wealth Advisor II

Old National Bank · Mankato, MN · 1 mo ago
Finance$60k–$121k/yrFull-time

About the role

Old National Bank is seeking a Private Wealth Advisor responsible for relationship development and providing financial and investment guidance to existing and prospective Wealth clients. Wealth Advisors work as part of a team of specialists within the Wealth Group, engaging other specialists including Private Bankers, Trust Officers, Fixed Income Team, RPS Administrators, and Philanthropy Officers as appropriate.

Key accountabilities

  • Manage a portfolio of client relationships, including regular client meetings to review and update goals, financial information, and investments
  • Assess client's risk tolerance and return goals and construct an investment portfolio designed to meet these goals
  • Construct, rebalance, and modify client investment portfolios based on changing client circumstances, cash needs, changes in risk tolerance, and/or market conditions
  • Provide advice to clients through financial planning; complete basic plans and work with the dedicated financial planning team to deliver and implement comprehensive strategies
  • Proficiency with introductions to in-house insurance experts and other financial resources
  • Prospect and develop new wealth business from internal referrals; foster productive relationships with business partners in Consumer and Commercial
  • Work closely with Private Bankers to develop and expand wallet share with existing wealth relationships
  • Develop external center of influence opportunities outside of the bank
  • Maintain in-depth knowledge of economic and financial conditions to advise clients throughout the business cycle
  • Consistently research and develop subject matter expertise to consult clients appropriately
  • Maintain knowledge of current developments and trends in all relevant technical/professional knowledge areas
  • Understand the industry and factors that affect company performance; use industry knowledge in planning and decision-making

Key competencies

  • Client Leadership: Puts the client at the forefront; continually seeks first-hand client information and perspective; makes and maintains long-term relationships with clients
  • Planning and Organization: Determines course of action, sets and manages priorities, and ensures optimal resources to achieve individual and team objectives
  • Technical Knowledge: Processes required technical knowledge to perform effectively; continuous learning to adopt new trends or expertise
  • Collaboration: Actively seeks, develops, and maintains trusted relationships with others to achieve business goals and objectives
  • Communication: Effectively shares information and ideas; displays self-awareness and self-management; tailors delivery to the audience and selects suitable delivery methods

Qualifications and education requirements

  • Bachelor's Degree in Finance, Business, or related field
  • 3 years of retail or institutional wealth/investment experience required
  • Must possess strong relationship building skills including verbal and written communication skills
  • Working knowledge of investment markets, products, and services and the ability to implement investment strategies to meet client needs and goals
  • Must possess excellent sales and closing skills
  • Series 6 or 7 licenses to sell brokerage products
  • State Life and Health Insurance Licenses
  • CFP, MBA, or Professional designation(s) preferred
  • Ability to build and develop a robust sales pipeline

Pay

$60,000 - $121,300 per year plus bonus.

Benefits

  • Medical, dental, and vision insurance
  • 401K
  • Continuing education opportunities
  • Employee assistance program
  • Impact Network Groups led by team members passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization

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