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Wealth Management Associate

Pnet
Full-time
On-site
Southern Suburbs, South Africa
R35,000 - R45,000 ZAR monthly

  • Our client, a Wealth Management company, is seeking a Wealth Management Associate to join their team and provide exceptional support to the Director, by managing deadline-driven administrative tasks with a strong focus on client-centricity, professionalism, and trust.


The Wealth Management Associate (WMA) will act as an essential partner to the Director, ensuring seamless execution of operational responsibilities to enhance the client experience.

Duties & Responsibilities

Key Responsibilities:

  • Prepare and collate new client onboarding documentation.
  • Oversee the management and updating of client CRM profile.
  • Liaise with external and internal providers on client specific queries and implementation of instructions.
  • Resolve and manage admin related queries or issues with clients directly on behalf of the Wealth Manager.
  • Manage the process of preparation of client review packs (with assistance from administrative team and Paraplanners where necessary and as per business requirements).
  • Apply basic knowledge of the FAIS General Code of Conduct in daily work.
  • Draft and/or check Record of Advice and Replacement disclosure forms accurately and correctly to company internal compliance standards.
  • Ensure CDD is done on all clients based on their risk profile according to FICA and company RMCP with guidance from internal compliance
  • Ensure a sound level of product knowledge by keeping up to date with products used by service providers.
  • Compile proposal documents based on the Director (Wealth Manager) instruction and recommendations.
  • Compile a financial needs analysis and retirement needs analysis based on Director (Wealth Manager) recommendations and instructions.
  • Construct & produce Asset Allocation reports for existing clients.
  • Construct & produce Proposals for both new and existing clients.
  • Prepare Goals Based Wealth Management proposals and reports for clients.
  • Prepare Financial Needs Analyses for both new and existing clients.
  • Preparation of meeting packs for Family Office clients.
  • Draft Record of Advice documents, Replacement Records and other relevant documentation to accompany proposals.
  • Assisting the Associate Team and Pod with complex structure onboarding both locally and offshore.
  • Constant innovation of client reports.
  • Provide technical support e.g. performance queries (using Morningstar Direct analysis software).
  • Assist in the development and maintenance of wealth management products / strategies.
  • Assist Wealth Managers and Wealth Management Associates troubleshooting Financial Needs Analyses for clients.
  • Compile supporting documentation to assist Wealth Managers in proposal process, eg: product structure comparisons.

Qualifications, Skills and Experience:

  • A related BComm or BBusSci degree and a Postgraduate Degree in Financial Planning (advantageous)
  • CFP designation advantageous
  • RE5 advantageous
  • Experience in and solid knowledge and understanding of the financial planning environment, FAIS (CAT II advantageous), and FICA
  • 3-5 years working experience in the financial planning environment 
  • Preparing detailed and complex proposals and financial needs analyses for clients.
  • Ability to prioritise, organise and plan around large amounts of information and tasks.
  • Ability to execute on a wide variety of tasks with accuracy and within required timeframes.
  • High attention to detail and low tolerance for errors
  • Highly numerate
  • Punctual
  • Ability to work very well in a team.
  • Fluent in English (verbal and written) and must be confident in communicating with clients telephonically.
  • Ability to take initiative.
  • Keen interest in Fintech systems
  • Fast learner