Financial Planning Director (Edinburgh)

About The Role
Purpose

To act as a client adviser within the 7IM Private Client Team. Offering the full range of wealth management solutions we have available.

Responsibilities

Client work
Relationship Management:

You will be responsible for managing and growing your own portfolio of clients
Where necessary, supporting colleagues in the provision of financial planning advice

Wealth Management:
To provide comprehensive Wealth Management Financial Planning Advice
Take responsibility for the provision of advice on all aspects of financial planning
Reviewing existing plans; advising on pooled investment vehicles, the use of bonds, onshore and offshore; life and other protection plans; retirement income planning; pensions, inheritance tax planning, tax-led investments, cashflow modelling, etc.
Supporting fee-based financial planning advice provided across a broad range of services including all forms of pensions, investment, savings, protection and tax planning vehicles
To confirm the suitability of life, pension and potentially investment plans already held by clients and to assist in developing future arrangements
Performance Measurement:

Performance will be measured against a balanced scorecard covering: Financial contribution, strategic engagement, risk and compliance and behaviours
Process:
Follow our established processes to deliver our Wealth Management 360 service and other financial planning solutions
Providing all advice in line with our suitability framework
Reporting:

Provision of annual reviews and related advice
Prepare and issue regular financial planning reports for clients in conjunction with colleagues in the investment team, where applicable
Support:

Work internally with others advisers in the private client team, and externally with solicitors, tax specialists and accountants, utilising available sources to ensure that report and other deadlines are met
Developing business with new clients:

To engage with and understand prospective clients’ needs
To present and discuss the appropriate 7IM proposition to prospective clients and follow through individually tailored proposals, to reflect the proposition agreed with them
To convert such prospective clients into clients of 7IM and gain additional assets and revenue
Non-client work

Research Strategy:

Participate in departmental and external provider meetings
Take lead responsibility for the research/analysis of the areas of advice allocated to you and with reference to the 7IM style
Support a collegiate environment for the team’s discussions and development of the Private Client Team’s strategy
Information Technology:

Maintain an understanding of the Company’s systems and use in line with company policy for the maintenance of all client records.
Marketing:

Assist with the marketing and promotion of the Company’s wealth management services both externally and within the Group
Back Office:

Maintain a thorough understanding of back office procedures including client take-on procedure, client report production, financial planning process, valuations and advice procedures, all of which are to be provided via Xplan
Other:

Undertake any projects or longer-term responsibilities that are assigned to you
Act in the best interest of clients ensuring the FCA’s requirements and Company policies in relation to Treating Customers Fairly, MiFID II and SMCR are adhered to
In this role, it is essential that you consistently follow the FCA's Consumer Duty principles. You are expected to act in good faith, prevent potential harm, and actively support our customers in achieving their financial goals Read more