Assistant Relationship Manager

  • Location

    City of London

  • Sector:

    Financial Planning, Financial Services, Wealth Management

  • Job type:

    Permanent

  • Salary:

    £30000 - £40000 per annum + Bonus & Benefits

  • Contact:

    Benjamin Holmes

  • Contact email:

    bholmes@mbfitzgerald.co.uk

  • Job ref:

    BBBH3661_1652277853

  • Published:

    6 days ago

  • Expiry date:

    2022-06-10

  • Consultant:

    Benjamin Holmes

The main aim of the role is to provide relationship management support to a portfolio of Wealth Managers/Financial Advisors/Financial Planners and their existing and prospective clients.

Within the role your responsibilities will include supporting a Business Development Director in managing a portfolio of wealth managers and clients.

PURPOSE:

  • To help the Relationship Managers (Intermediary) to service, manage and develop a panel of qualified existing and new IFAs and clients within your region who utilise the businesses Discretionary / Retirement Income Services (RIS).

RESPONSIBILITIES:

SALES

  • Assist RMs in preparation for new business meetings, conduct portfolio analysis and draw up investment proposals.
  • Support RMs in the sign-up of new IFA firms who want to use the businesses Discretionary / RIS services.
  • Support RMs in the sign-up of new business from signed-up IFA firms.
  • Support RMs in hitting their Discretionary / RIS gross new business, revenue and attrition targets.
  • Experienced ARMs will oversee a defined panel of IFAs with discretionary clients, identifying an 'up or x-selling' opportunities.

SERVICE

  • Undertake daily ARM tasks, including cash reconciliations, investments, payments, withdrawals, fees, 'ad hoc' client & IFA queries.
  • Oversee the set-up and transfer of assets for new Discretionary / RIS clients, as well as the closing down process.
  • Working with RMs, carry out portfolio restructuring & investment phasing work.
  • Help RMs & IFAs prepare for annual client reviews, attending where relevant in order to gain experience. Prepare CRRs and supporting documentation as well as completing action points from client reviews.
  • Assist RMs with annual client CGT / ISA tax tasks.

QUALIFICATIONS:

  • An industry relevant examination (such as to Level 4 CISI IAD level) is highly desirable. Support is provided by the business for those who are already part-qualified to complete the qualification.

PACKAGE

  • Salary to £40,000 + Exceptional benefits package