Financial advisor trainee Jobs in Oakland, CA

Financial Advisor

Less experienced Financial Advisors (FA) will work in tandem with an assigned Senior Financial Advisor (SFA) to provide sales and client and colleague service support coverage. The SFA maintains overall responsibility for the assigned territory and the team's "book of business", with the FA focused on sales, client service responsibilities, and teaming with City National Bank colleagues for smaller Personal & Business Banking (PBB) wealth management opportunities or client relationships. While an FA's day-to-day activities will be performed independently, the SFA provides mentoring to further develop the FA's sales and relationship management skills. The FA progression can include complete responsibility for all duties associated with non-primary branch locations within the team's.

What Will You Do?

• Business Development serves as the wealth mgmt. point of contact for Personal & Business Banking (PBB) Bank
• Responsible for revenue production goals related to advisory services and securities products.
• Assist in developing new relationships with PBB Bank through internal sources, from referrals, and through personal community involvement. Create opportunities to develop and promote ideas to win new business and cross sell to existing clients.
• Profile with specific emphasis on discovering investment related needs and solutions in collaboration with PBB colleagues.
• Establish sales calls and travel to attend sales meetings and client and colleague presentations at PBB branch offices and client locations.
• Lead discussions about all aspects of Wealth Management Services and be the primary point of contact for all new investment management opportunities.
• Relationship Management
• Take a lead role in managing investment services by planning, delivery, and regular review with clients.
• Communicate and provide regular updates on all client communications with PBB colleagues.
• Proactively communicate with clients about current conditions in the financial markets, and make necessary adjustments to their investment strategies. Communicate strategic shifts in the marketplace.
• Team effectively with PBB colleagues to set strategies and provide wealth management services across the full product spectrum.
• Analyze financial needs of clients and monitor their ongoing financial and personal circumstances to make adjustments or take action accordingly.
• Responsible for the overall on-boarding process and maintenance of new accounts.
• Ensure all client materials/presentations are prepared and analyzed prior to the scheduled client meeting.
• Provide on-going communication to client regarding adjustments or actions that should be taken.
• Client Portfolio Review and Management
• For Managed Solutions, structure client asset allocation appropriate with client's investment objectives and risk tolerance based on CNAM models.
• Review the assets in each account regularly to ensure that investments meet the client's investment objective and the executed Investment Policy Statement.
• Responsible for the preparation and presentation of the portfolio review materials at client meetings.
• Risk Management and Compliance
• Keep current on client's financial information while ensuring that clients understand the solutions being provided.
• Maintain all appropriate training and continuing education requirements for licenses and certifications.
• Ensure that all required account documentation is collected and completed.
• For Directed Fixed Income portfolios, monitor for corporate and municipal bond concentrations and advise clients regarding appropriate portfolio diversification.
• Comply fully with all Bank and CNS Operational policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Know Your Client, Community Reinvestment Act, Code of Conduct, FINRA, etc.).

What Do You Need To Succeed?

• Minimum 2 years of investment related experience
• Minimum 3 years experience in investment sales
• FINRA Series 7 and 63 and 65 or 66

• The FA shows demonstrated success in a client relationship role for a minimum of one year, with some sales success desired.
• Strong understanding of financial planning and the investment process including familiarity with mapping clients' investment needs to asset allocation models, structuring client investment portfolios, and portfolio analytics.
• Solid product knowledge and relationship management skills.
• Contributes positive suggestions and demonstrates productive collaboration with line of business partners.
• May possess a BA or equivalent 8 years of experience in financial services or an MBA and 3-5 years of experience.
• May possess CFP, JD/LLM, CIMA or Cannon Certified Wealth Strategist designation.
• CFP designation highly preferred.

Starting base salary: $95,000 per year. This role is eligible for bonuses and/or commissions.

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement

About Us Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.

City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law. It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled. Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.