Location: Houston,TX, USA
JobID: 210579918
Category: Wealth Advisory
JobSchedule: Full time
Posted Date: 2024-12-09T18:19:19+00:00
JobShift:
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Wealth Planning & Advice is a group of professionals with expertise in trusts & estates, tax planning, financial planning and planning in related areas for individuals and their entities (operating businesses, private foundations, etc.). Our role is to work with advisors and their clients to educate them about wealth planning opportunities both simple (e.g., asset titling, beneficiary designations) and complex (e.g., GRATs, split-interest trusts). We provide intellectual capital to clients across the wealth continuum and will work on-on-one with clients in appropriate circumstances. Familiarity with the taxation of entities and of estates and trusts is also useful but not required. Knowledge of issues relating to securities-based compensation (restricted stock, employee stock options, performance share units, etc.), pre-liquidity planning, and concentrated position management (such as 10b5-1 plans, derivative-based transactions, and exchange funds) will also be a plus.
As an Executive Director, Wealth Planner within J.P. Morgan Wealth Management, you will be tasked with mastering and applying a diverse range of financial planning concepts such as tax, trusts & estate laws, retirement, cash flow, insurance, equity compensation, charity, and wealth transfer. Your role will involve simplifying these complex financial concepts and presenting them in a way that is easily understandable to our clients, advisors, and field leadership. You will adopt a goal-oriented approach with clients, familiarizing yourself with the wide range of investment, banking, and lending products and platforms available across USWM. This will enable you to identify issues and opportunities for client engagement. Working in collaboration with field management, you will contribute to the development of regional strategies and guide the field on their execution. A natural curiosity for people, planning, and the wealth management industry is essential, along with the ability to take independent initiative and respond promptly. Proficiency in financial planning software and tools is crucial to help clients understand their goals and the potential outcomes in various scenarios.
Job Responsibilities:
* Work with divisional leadership and WP&A leadership to develop and present content across different wealth management topics
* Serve as a resource to the USWM field in the areas of financial, tax and trust & estate planning strategies as well as in concentrated position management, corporate executive services, business succession, and pre-liquidity transaction planning
* Partner with field leadership and Practice Management to integrate financial, estate and tax planning concepts into goals-based advice
* Maintain up-to-date knowledge of both federal and state tax laws relating to our areas of focus
* Promote J.P. Morgan's knowledge and sophistication to outside centers of influence, primarily accountants and attorneys
* Work with Advisors to develop business opportunities with new and existing clients
* Provide unbiased comprehensive and customized wealth planning advice to clients and prospective clients
* Must be comfortable working with individuals across the entire wealth spectrum and have experience with tax and wealth transfer strategies; familiarity with financial planning, investments, corporate executive issues and concentrated stock management is a plus
* Actively participant in team discussions to proactively propose planning ideas and industry trends that can be shared with the field
* Travel to local and out of state branches, as needed
Required qualifications, capabilities, and skills:
* 4-year college degree and either a J.D. or a CFP designation
* At least 7 years of relevant experience in a planning role, ideally in the financial services industry
* Self-starter with natural curiosity for individual planning and people
* Excellent attention to detail with strong written and oral communication skills
* Strong team player with a predisposition to service function
* Ability to drive business results with broad background in trust and estate planning issues
* A strong self-motivated individual who can work closely with Advisors without daily contact with a direct manager
* Strong presentation skills in one on one and group meetings
* Experience and ability in understanding clients' financial situations and personal circumstance
* Must be able to coach colleagues, Financial Advisors and clients (very strong partnership skills)
* Individual with high ethical standards who never sacrifices integrity and works in the clients' best interest
Preferred qualifications, capabilities, and skills:
* Series 7 & 66 (may be fulfilled within 6 months of assuming role)
* Strong working knowledge of Microsoft Office suite
* Financial Planning Software experience (e.g., eMoney, Moneyguide Pro)