Associate Adviser (Strategic Advice)

Division: Wealth Management

Department: Advice

Location: Adelaide

Position Purpose

The role supports a Senior Financial Planner and Portfolio Managers in providing comprehensive financial planning services to the clients of Stellan Capital. Our clients include a small amount of retail clients with a focus on ultra-high net wealth individuals and families. The role focuses on preparing financial advice, ensuring compliance with regulations, and enhancing client relationships through effective implementation of financial strategies.

Accountabilities

Client Support:

Assist the Senior Financial Planner and Portfolio Managers in preparing and updating comprehensive financial plans, including retirement planning, tax planning, estate planning, and insurance strategies.
Assist in the creation, review and provision of Statements of Advice, Records of Advice, Wholesale Advice documents.
Prepare and update client presentation packs and bespoke client presentations.
Attend client meetings, document action items, take client phone calls as required and requested and follow up on implementation tasks.
Draft client advice emails and newsletters ensuring clarity and compliance.
Assist with the management and implementation of financial plans by monitoring performance, making adjustments based on client needs and regulatory changes, and ensuring alignment with client goals.
Develop bespoke financial solutions that align with clients’ risk tolerance, liquidity needs, and long-term objectives.

Financial Planning Analysis and Advice:

Conduct detailed research and analysis on financial planning strategies, including superannuation, tax optimisation, insurance, and estate planning.
Prepare comprehensive reports and recommendations for the Senior Financial Planner and Portfolio Managers, including risk assessments and performance forecasts.
Monitor and report on the performance of financial plans, providing insights and recommendations for adjustments based on client goals and regulatory changes.
Assist in the development and implementation of financial planning strategies tailored to the needs of retail and ultra-high net worth clients.

Administrative Support:

Maintain accurate records of client interactions and financial planning decisions.
Provide administrative support for financial plan implementation and compliance tasks, coordinating with the Operations team to ensure seamless execution of strategies.
Ensure all client-facing documents adhere to compliance guidelines, working closely with the compliance team.
Provide support on Annual review documentation and finalisation in alignment with the Portfolio.

Problem Solving & Decision Making

Required tasks that are performed by this position on a regular basis:

Prepare and update client presentation materials based on the latest financial plan performance and regulatory changes.
Conduct financial planning analysis and provide recommendations considering the client’s goals and regulatory requirements.
Draft client communication ensuring they are clear, accurate, and compliant with regulatory standards.

Types of decisions that are referred to the next level:

Any deviations from established policies and procedures, particularly those related to financial planning and client communication.
Final approval of advice documents and research reports ensuring they meet the firm’s compliance and quality standards.
Major financial planning decisions requiring input from the Senior Financial Planner and Portfolio Managers.

Key Internal and External Contacts

External Communications:

Clients: Interaction for meeting support, communication, and follow-up on financial plan implementation tasks.
Regulatory Bodies: Interaction for ensuring compliance with financial planning regulations and staying updated on regulatory changes.

Internal Communications:

Senior Financial Planner and Portfolio Managers: Daily interaction for guidance, task management, and collaboration on financial planning.
Compliance Team: Coordination for compliance with regulatory standards and implementation of financial plans.
Operations Team: Coordination for financial plan implementation and administrative support to ensure efficient operations.

About You

Qualifications:

Bachelor’s degree in planning, accounting, or a related field required.
Relevant certifications (e.g., CFP or CA) preferred but not required.
Meet the criteria to be included on the Financial Advisors Register or be working towards meeting that criteria.

Experience:

At least 2 years in senior financial planning support or advisory roles preferred but not required.
Preferred experience with high net worth and ultra-high net worth clients.

Skills and Competencies:

High attention to detail and strong organisational skills ensuring accuracy and efficiency.
Strong analytical and research skills, able to interpret complex financial data, and regulatory changes with a focus on compliance.
Excellent communication and interpersonal skills, conveying complex information clearly to clients and colleagues.
Proficient in Excel, PowerPoint, Xplan and financial analysis tools, capable of creating detailed reports and presentations.
Ability to work independently and as part of a team, managing multiple tasks and deadlines.
The ability to manage competing priorities and changing deadlines in a high pressure environment.

Australian Financial Services Requirements:

Ensure compliance with the Corporations Act 2001 and ASIC regulations, maintaining up-to-date knowledge of legislative changes.
Adhere to Australian Financial Services License (AFSL) guidelines, ensuring all client advice and communication meet legal standards.
Participate in ongoing professional development to maintain industry knowledge and meet CPD requirements.

Dealing with High Net Worth Clients:

Understand the unique financial needs and goals of high net worth clients, providing tailored advice and planning strategies.
Maintain confidentiality and professionalism in all client interactions, ensuring trust and long-term relationships.