Wealth Manager – Fisdom6 min read

Job Title

Wealth Manager 

Company Profile

• Fisdom is an automated investment service provider that manages a personalized online investment account. The personal finance startup also provides personalized investment recommendations. It plans to monetize by charging a commission from financial services companies and mutual funds.

Job Profile & Responsibilities

• To prospect, acquire and retain clients.
• To achieve budgeted targets in terms of number of
  clients/volumes of business & assets.
• To research, investigate and update themselves on
  available investment opportunities/financial market trend
  to determine whether they fit into clients’ portfolios.
• To understand clients’ needs & requirements and accordingly
  position products & services.
• To coordinate with product and research team for taking
  investment decision for the clients.
• To recommend strategies clients can use to achieve their
  financial objectives, including specific recommendations in
  such areas as cash management, insurance coverage other
  than investment planning also to ensure a one-point
  relationship for the client.
• To contact clients periodically and determine if they are
  satisfied with the service and returns generated. Also, to
  review their investment needs to determine whether
  market changes, life changes, economic changes, or
  financial performance indicate a need for portfolio
  reassessment.
• To provide various investment performance reports and
  summaries to the clients
• To build and maintain client bases, along with relevant
  comments/remarks for future reference.
• To guide clients in the gathering of information/documents
  required such as bank account records, income tax returns,
  life and disability insurance records, pension plan
  information, and wills, etc.
• To conduct and assisting organizing seminars, workshops and
  other business development activities.
• To prepare the MIS reports in the specified formats.
• Having minimum book size of 50 to 100 crore.
• Wealth managers, by contrast, provide services needed
  primarily by high-net-worth individuals (HNWIs) and
  ultra-high-net-worth individuals (UHNWIs), such as capital
  gains planning, estate planning, and risk management.

Preferred Qualifications

• Graduate /MBA Degree holder or focused education
  in financial planning/wealth management.
• Other qualifications like CFP/CWM will be an advantage.

Desired Candidate Profile

• Positive attitude, socially effective, high level of
  perseverance and patience.
• Assertive & hard working.
• Result oriented.
• Attention to detail.
• Good Analytical Skills.
• Drive buying decision.
• Proficient in Excel and PPT skills.
• 4 to 8 years of relevant work experience in the financial
  industry preferred

Additional Details

• If you love interacting with high-net worth people, and
  maintaining strong long-term relationships, this is the position
  for you.
• The wealth manager is the ultimate face of the business as He /
  She is going to be the final point of contact with the client and
  would be responsible for acquiring high net worth relationships
  and managing & retaining such relationships by delivering the
  best standards of services. Incumbent would be expected to
  establish strong ties with them by designing & implementing
  their financial plans; and then by ensuring that they receive and
  execute on the right advice.