Investment Advisor

Investment Advisor

Job Summary:

The job of a Investment Advisor involves assessing clients' financial situations, identifying areas for improvement, and developing strategies to help them achieve their financial objectives

This role is accountable to invoke trust and build strong client relationships, determine individual investment needs and provide professional, customized advice to ensure client's financial goals are met. You will provide a superior client onboarding experience, actively reviewing client portfolios and preparing and presenting appropriate investment solutions by leveraging various tools provided by the bank. Being the first point of client contact, the Financial Advisor's core mandate is to provide investment recommendations based on client suitability, time frame and goals. The Investment Advisor has the ultimate goal of building and solidifying customer loyalty while deepening client relationships.

Customer:

• Having a clear understanding of financial markets and being able to gauge when to advise clients is fundamental
• Educating clients about acceptable risks and the performance standards required to meet their financial goals is crucial for fostering trust and strong customer relationships.
• Nurtures excellent client relationships and devises customized strategies to assist clients in meeting their financial goals.
• Experienced in a variety of investment products, encompassing 15 specific categories
• Mutual Funds
• Annuities
• Managed Accounts
• Marked Linked CDs
• Unit Investment Trust
• Retirement planning
• Yearly analyses of fee-based account developments

Financial:

• Accountable for fostering the ongoing growth of the portfolio
• Attain the monthly sales benchmark
• External Asset Procurement (which encompasses obtaining from both existing and potential customers)
• Advice on Maturities
• Uncovering uninvested opportunities

Risk:

• Abiding by the internal and FINRA auditing guidelines
• As the gatekeeper, the Advisor holds the responsibility for authorizing processes and actions that adhere to the requirements outlined by industry regulatory bodies

Financial Advice:

• Investment Reviews
• Developing Financial Plans
• Solution Positioning
• Shielding client Personal Information from Breaches

Trading:

• Accuracy
• Discipline order/confirmation
• Establish the need for the trade transaction
• Adhere to the Best Interest Contract (BIC) for every piece of advice offered
• Remain up to date and responsive to the constantly changing regulatory climate
• Possess extensive familiarity and play a crucial role in software applications like LPL's ClientWorks, SalesForce, and Moneyguide-Pro

Tasks & Authorities / Determination Processes / Breadth & Influence:

• Decision Making - Suggest investment options that are in line with the client's suitability, timeframe, and objectives
• Provides wealth and investment solutions and recommendations to BMO customers and prospects by assessing their financial needs. Delivers personalized wealth and investment strategies that align with the client's best interests.
• Manages sales and service interactions with customers by following established procedures and identifies prospects for referral to other company divisions.
• Mastering knowledge on Cost Basis, Tax documents, IRA (Individual Retirement Account) RMD (Required Minimum Distribution) withdrawals, and consequences of early withdrawal penalties is fundamental for financial proficiency
• Confirm client account accuracy and secure regulatory validations
• Apply influence to guide the formulation of investment recommendations per the requirements of the BIS and relevant securities laws
• The role plays a crucial part in the successful achievement of key objectives within the business unit

Knowledge and Skills:

• The position calls for a minimum of 3-5 years of financial industry experience along with a university degree
• Professionals in the financial industry often aim to attain certifications like the Series 7 and 66 licenses, or select a combination such as Series 7, 63, and 65 licenses in addition to insurance licenses for life and health coverage
• The prerequisites for obtaining a clean background check as per U4 guidelines need to be achieved
• BMO and FINRA are tasked with the oversight of continuing education initiatives

The Pleasures of Expanding Your Career at This Establishment:

• Personalized benefits and rewards for exceptional performance
• Thrive in an environment that embraces the use of pioneering technological resources
• Fine-tune your abilities through the utilization of professional tools, essential resources, thorough training, and continuous guidance from your manager
• As the eighth largest bank in North America with a history spanning two centuries of customer service, connecting with the vast employee base offers a unique chance to expand your professional network and discover additional opportunities

About Us:

BMO is fueled by a unified Goal: Fearlessly Expand the Good within the realms of business and everyday life. This commitment impels us to establish long-term, positive impacts for our clients, communities, and workforce. Through collaboration, innovation, and boundary-pushing, we revolutionize lives and enterprises, driving economic growth worldwide.

As a vital part of the BMO team, you are respected, valued, and given a platform to grow and influence positively. Our commitment is to help you generate an impact for yourself and our customers beginning on your very first day. We are here to provide you with the essential resources and support to achieve new successes, while aiding customers in reaching their own objectives. Through thorough training, coaching, support from managers, and opportunities for networking, we are dedicated to helping you acquire valuable experience and expand your capabilities.

Apply Now