Financial Planning Associate

Bay Point Wealth Management is a well-established, rapidly growing fee-only advisory firm with offices in Annapolis, MD and Sarasota, FL. Our primary purpose is to improve the lives of our clients and their families through highly personalized and comprehensive wealth management.

We are seeking a competent, hard working Financial Planning Associate in our Annapolis office to work with our Advisors in devising and implementing investment and financial planning recommendations for our clients. The position will also have back-office operational duties

The Financial Planning Associate position is designed to provide a career track to becoming a Financial Advisor. The person hired will gain unparalleled training and experience in all aspects of comprehensive wealth management and have significant opportunities for continued responsibilities and advancement in the firm.

Description

The Financial Planning Associate plays an integral role on both the Financial Planning and Investment Management Teams.

• Financial Planning: Attend meetings with clients and Advisors to understand clients’ goals, needs, and unique circumstances. Work with Paraplanner to enter key information into our systems. Work with Advisor to analyze data and create recommendations and presentation materials. Document meeting notes in our CRM and complete follow up tasks.
• Investment Management: Review clients’ current investments and objectives. Work with Advisor to create Investment Management proposals, including current portfolio analysis, recommended model allocation, and tax planning strategies. Use rebalancing software to develop recommended trades.
• Back-office Operations: Handle trading and portfolio reporting. Work with clients and their custodians to open accounts and deposit and transfer funds. Help clients with Donor Advised Funds, 529 plans, required minimum distributions, Roth conversions, and other tax planning strategies.

Requirements

All of Bay Point’s employees are team players, caring, full of integrity, personable and professional. In addition to these qualities, the ideal candidate will have:

• Bachelor’s degree
• Passed the CFP exam or progressing towards taking the CFP exam
• Some financial planning experience a strong plus
• Strong written and oral communication skills

Benefits include:

• Competitive salary
• 401(k) with 3% employer contribution
• Incentive compensation program
• Annual allowance for continuing education, conference attendance, and professional membership dues