Wealth Planning Associate

What is the opportunity?

As a Wealth Planning Associate with RBC Wealth Management, you will be part of the Wealth Planning Associate (WPA) Program. This is a structured 24-month development program designed to provide the knowledge and skills necessary to succeed at RBC. Upon completion of the program, you will have the opportunity to join a Financial Advisor team to deliver a consistent experience in support of the organization's goals-based wealth management strategy.

What will you do?

• During the WPA Program period, you will learn from wealth planning experts, top Financial Advisors (FAs) and develop the skills necessary to become a successful wealth planner at RBC.

• In addition to training, you will successfully obtain one of the accredited wealth planning designations (CFP preferred, other targeted credentials would be considered, CFA, CPA, AWM).  

• The WPA educational component combines e-learning, case studies, virtual group work, and hands-on training to educate you on the RBC product and service offerings as well as RBC’s Wealth Planning process and related tools. You are expected to have your Series 7 and Series 66 and begin pursuing your designation during the length of the program.

• The next phase of the WPA Program focuses on the application of the knowledge and skills you acquired. In addition to ongoing development through virtual classroom sessions, online modules and case studies, you will begin working directly with an FA and their team in an assigned territory. This will include working with the Minneapolis home office as well as the local territory.  Additionally, you will complete your credentials coursework and capstone project during this phase.

• You will contribute regularly to the development of RBC WealthPlans and present plans to clients. You will proactively engage FA teams and lead financial planning meetings to deliver advice and wealth management solutions to meet the needs of each client.  This phase is very hands on and will include a mentor from the Wealth Planning Group. You will complete the credential educational component and progress towards certification exam.

• At month 24, upon successful completion of the WPA Program and your credential plan, you will be eligible to join an FA team and establish yourself as a new FA in the local market.  There will be opportunities to continue your technical development as a cohort of the WPA Program.

• In your new role, you will understand and communicate the benefits of engaging clients in a goals-based relationship, drive productivity by using best-in-class tools to deliver an exceptional client experience, and along with the Financial Advisor, provide comprehensive wealth management advice to your team’s existing client base while attracting new clients. This will include conducting discovery conversations, talking through wealth plan results, illustrating solutions and conducting annual reviews.  The foundation of knowledge and skills you acquire as both a WPA and a junior FA will differentiate you in the marketplace as a true wealth manager and prepare you for a successful career as an FA.

What do you need to succeed?

Must-have

• Bachelor’s degree with emphasis in personal finance preferred

• Excellent verbal, written, presentation and relationship skills and someone who is self-motivated and possesses strong critical thinking and analytical skills

• Series 7, Series 66

• Accredited wealth planning designation (CFP®) or ability to obtain within two years of start date

• Ability to travel up to 25-50% of the time

Nice-to-have

• Demonstrated understanding of the financial planning process and industry planning tools

• Proficiency with Word, PowerPoint and Excel (formulas, graphs, pivot tables)

• 2+ years of financial planning or closely related experience in the financial services industry, preferably with a broker-dealer or other large financial advisory firm

What’s in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including great benefits, annual incentive program and recognition

• Leaders who support your development

• A dynamic, collaborative, and high-performing team

• Opportunities to do challenging work and grow your career

• Work-life integration

• Positive work culture emphasizing diversity and inclusion, volunteerism and community involvement

The good-faith expected salary range for the above position is $65,000 - $105,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs.  This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

·       Drives RBC’s high performance culture

·       Enables collective achievement of our strategic goals

·       Generates sustainable shareholder returns and above market shareholder value

Job Skills

Additional Job Details

99 ALMADEN BOULEVARD:SAN JOSESan JoseUnited States of America40Full timeWEALTH MANAGEMENTRegularSalaried2024-11-26

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above