Director, Financial Planner/Wealth Advisor, Private Bank

Sterling National Bank

  • Stamford, CT
  • $120,000-160,000 per year
  • Permanent
  • Full-time
  • 24 days ago
If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster’s values, these set us apart as a bank and as an employer.Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!Managing Director, Financial Planning, Private BankingThis position is based in Stamford, CTPosition SummaryThe Managing Director of Financial Planning is a seasoned and experienced planner who is viewed as a trusted advisor to clients and valuable resource and partner to colleagues. The MD will support the Senior Managing Director of Financial Planning in providing comprehensive, sophisticated, fee-based planning analyses and recommendations to the clients of Webster Private Bank. In this Stamford, CT based role, support is provided to the SMD and other colleagues within Webster’s footprint with the overarching objectives of retaining and deepening existing relationships and the addition of new relationships.Major Duties & Responsibilities
  • Conduct detailed data gathering sessions - collect, review and summarize client’s personal and financial information. Identify and fully understand client’s concerns, goals and objectives.
  • Prepare analyses and projections including, but not limited to, cash flow, education prefunding, executive benefits analyses, philanthropic giving, gift and estate planning, etc. based on data collected and client objectives using software such as eMoney and/or Excel spreadsheets.
  • Present financial plans and analyses to clients.
  • Update financial plans to reflect changes in client’s personal or financial situation as well as for changes in tax law and investment environment.
  • Address client and colleague questions and concerns as they arise.
  • Research technical issues for clients and colleagues such as complex estate planning techniques, e.g., GRATs, CRTs, etc., executive benefits considerations, e.g., Section 16(b), etc., and various tax related issues.
  • Maintain up to date knowledge of tax law, regulations and investment climate.
  • Assist with the drafting and editing of quarterly financial planning newsletter.
  • Work collaboratively with Private Bank colleagues to strengthen and expand client relationships. Attend and participate in prospect and Webster colleague informational meetings.
  • Travel to various locations, within Webster’s footprint, to attend client/COI/prospect meetings.
Education, Experience & Skills Required
  • Bachelor's degree required; MBA or JD a plus.
  • Certified Financial Planner (CFP) designation required.
  • Minimum seven to ten years relevant experience.
  • Attention to detail with strong analytical skills.
  • Proficient in Excel and strong aptitude in mastering financial planning software such as eMoney.
  • Excellent communication skills both written and verbal a must.
  • Cover letter indicating experience with providing financial planning analyses to high-net-worth individuals.
The estimated salary range for this position is $120,000 USD to $160,000 USD. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.#LI-EM1#LI-HYBRIDAll qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

Sterling National Bank