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Northwestern Mutual

Sells life insurance and financial advice

Associate Financial Representative

Wealth Management & Financial AdvisoryConfirmed live in the last 24 hours
Full-timeIrvine, CA, USA$65k - $75k /yrIn-person

About the Job

Requirements

  • The incumbent must be contracted as an Associate Financial Representative and complete the appropriate registration requirements.
  • Series 6 registration, and Series 63 registration in applicable states, is required to work with variable annuities, variable life, and mutual funds.
  • Series 7 registration is required to work with equities, fixed income, options, brokered certificates of deposit, and U.S. Treasuries.
  • Series 65 or Series 66 registration is required.
  • The employee must hold a Health and Life license or obtain one within six months of employment.
  • An Associate Financial Representative contract is required.
  • The employee must demonstrate the ability to maintain effective working relationships with clients.
  • The employee must have strong oral and written communication skills, practice active listening, and communicate directly.
  • The employee must pay strong attention to detail and work accurately.
  • The employee must manage multiple diverse projects and assignments in a timely, high-quality manner.
  • The employee must be able to work independently and as part of a team and maintain confidentiality.
  • The employee must have or obtain one or more of the following insurance designations: CLU, ChFC, CLTC, or CFP.

Responsibilities

  • The Associate Financial Representative specializes in client service and processing variable products and other securities while maintaining an efficient, compliant office so the financial advisor can focus on building client relationships.
  • The Associate Financial Representative serves as a liaison between the home office, financial advisor, and clients.
  • At the advisor’s discretion, prepare planning presentations using the PX system, process proposals, and prepare annual review paperwork; suggestions or alternatives regarding PX plan preparation require Series 7 licensing.
  • Obtain all necessary information and specific instructions from the financial advisor for PX input, including all modules and asset allocation.
  • Open the PX file and provide required input for all sections and modules.
  • Input each security’s value and cost-basis information into the corresponding account.
  • Contact an investment specialist or OED to classify unclassified holdings.
  • Input the risk-tolerance questionnaire and select the customization level.
  • Verify that paperwork is completed correctly and relay any outstanding information needs to the advisor.
  • Handle case notes and processing correspondence, maintain client case files, and file new statements, account forms, and other insurance- and investment-related materials.
  • Maintain the financial representative’s calendar and schedule follow-up appointments.
  • Respond to home-office inquiries.
  • Monitor and stock marketing materials for insurance- and investment-related materials.
  • Ensure NMIS and insurance compliance requirements are implemented and followed.
  • Maintain annual review notes in Envestnet and mail annual review letters to clients if contracted as Investment Operations Staff.
  • Prospect for new advisory clients on behalf of the employing financial advisor.
  • Gather information for the financial advisor’s meetings with clients or prospects.
  • Prepare advisory annual review information.
  • Prepare and modify PPA and investment/advisory proposals.
  • Prepare letters of instruction for client signature.
  • Prepare investment policy statements, needs-based analyses, or financial plans.
  • Recommend fund portfolio options.
  • Prepare and process all paperwork needed for investment/advisory accounts.
  • Identify the need for a switch letter and mail appropriate forms to clients.
  • Discuss potential rollover opportunities from other retirement plans for variable and mutual funds.
  • Receive and forward checks and related paperwork to the investment operations area.
  • Process proposal amendments in Envestnet.
  • Monitor Envestnet for alerts and upcoming annual reviews.
  • Process and monitor funding of advisory accounts and asset transfers to ensure selected asset allocation is implemented if contracted as Investment Operations Staff.
  • Correspond with clients to handle advisory-related service issues.
  • Formulate advisory product solutions for clients or explain advisory products or performance.
  • Accept client redemptions and withdrawals and communicate instructions to the home office.
  • Discuss tax consequences, costs, and advisory fees with clients.
  • Maintain a daily tickler system for account follow-ups and service requirements.
  • Perform cashiering functions.
  • Run performance reports in Envestnet, Morningstar, and NMCIR.

Desired Qualifications

  • Financial services or insurance industry experience is preferred.

About the Company

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Northwestern Mutual

Sells life insurance and financial advice

Northwestern Mutual sells life, disability income and long-term care insurance together with investment advice and wealth management to American families and business owners. It is owned by its policyholders rather than shareholders and has paid them dividends for more than 150 consecutive years. Its financial representatives build a full financial plan for each client and then sell the policies, brokerage accounts and managed portfolios that carry it out. The company earns money from insurance premiums, advisory fees and returns on a large bond and mortgage portfolio. It was founded in 1857 in Janesville, Wisconsin, and moved two years later to Milwaukee, where it is based.

Company size
10,001+
Company stage
Not listed
Total funding
Not listed
Headquarters
Milwaukee, WI
Founded
1857

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