Back to Financial Services & Wealth Management Jobs

IFA Wealth Administrator

This position has now been filled. For more jobs like this one please go back to Financial Services & Wealth Management Jobs

  • Salary: £20000 - £25000
  • Location: Devon
  • Ref: JH2302

You will support the Financial Planning Director on a range of Investment, Pension, Tax and Protection planning for HNW clients.

You will be the initial point of contact for client queries, will liaise with the other Group departments and 3rd parties on mutual clients, plus manage all Financial Services administration to ensure a first class service is provided.

IFA Wealth Administrator responsibilities include...

Client Servicing and 3rd party liaison

  • Act as the main point of contact for clients, 3rd party firms and providers
  • Deal with any on-going client servicing requests as requested directly, or by the consultant

New Business Applications

  • Ensure that all business is fully compliant and accurate prior to submission (includes Money Laundering considerations).
  • Maintain the client database.
  • Liaise with the provider to chase business through to completion and update the client, meeting timescales for internal service standards.
  • Manage the 'remuneration outstanding’ report and use investigative methods to ensure that commissions/fees due to the business are paid in a timely manner
  • Work closely with any corporate clients on the administration of their group pension and protection schemes.

Client Letters of Authority & Valuations

  • Obtain and analyse comprehensive policy information from LOAs, including summarising fees and charges, and any special considerations applying to the policy
  • Obtain valuation details from the providers, challenging any data as necessary
  • Input, print and check valuation report and accompanying notes.
  • Ensure client reviews are scheduled as per Client Agreements, and fully documented post-meeting

Quotations

  • Prepare comparison quotations.
  • Prepare and print illustrations and key features and applications as required by the consultant/paraplanner.

Client Correspondence/Post/Filing/scanning

  • Ensure all incoming post is dealt with appropriately, in a timely manner
  • File and scan all documentation on a daily basis

Preparation of documents for client meetings

  • Liaise with consultants regarding any items required for client meetings.
  • Prepare Letters of Engagement and Client Servicing Agreements

Compliance

  • Observation/application of all internal compliance procedures, including Treating Customers Fairly

IFA Wealth Administrator requirements include...

Pre-requisite Knowledge

  • Previous technical administration experience in an IFA or Wealth Management firm.
  • Experience and knowledge of investment and pension products in particular is essential would be working with Wrap Platforms for client investments.

Pre-requisite Attributes

A confident, professional and pragmatic approach to all duties.

  • Ability to work unsupervised and manage own workload
  • Excellent verbal and written communication skills
  • Strong analytical skills
  • Initiative - all ideas and input to the team are welcome. Use judgement and reasoning in order to propose solutions to problems.
  • Positive attitude and a willingness to learn.
  • Accuracy is paramount.

Consultant contact