Wealth management advisor vs finance consultant

Differences between wealth management advisor and finance consultant duties and responsibilities

Wealth management advisor example responsibilities.

• Handle sales of permanent and term insurance, fix annuities, brokerage accounts, mutual funds, and manage money accounts.
• Manage FINRA, NASD compliance, quality control and documentation for all stock, bond and option trades place by team.
• Manage and strengthen customer relationships through cross-selling and up-selling to maximize retention and income generation by contacting existing and prospective customers.
• Contribute MorningStar research reports for mutual fund portfolios.
• Maintain and monitor files to ensure proper compliance procedures under FINRA.
• Research and compare active vs. passive financial managers who utilize section rotation and ETFs to hedge risk and capture alpha.
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Finance consultant example responsibilities.

• Lead new hire training for FINRA test preparation and consultative sales model.
• Manage client's portfolio to ensure proper taxation of gains/losses on exercise stock options.
• Provide expert advice to clients to achieve their financial planning goals in conjunction with an independent RIA.
• Lead and organize a weekly macro meeting with multi-asset strategists to discuss and challenge the team's positioning.
• Focuse on separately manage accounts, mutual fund and ETF wrap programs, variable annuities, and alternative strategies.
• Manage all employee relate matters, including stock options, benefits , 401K, payroll administration and human resources.
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