Associate Wealth Management Advisor

Overview

Northwestern Mutual provides personalized financial solutions that prioritize people, offering clarity and long-term support to uncover opportunities and manage potential challenges. With over $265 billion in assets under management, $28.1 billion in revenues, and $1.8 trillion in life insurance protection in force, the company delivers life, disability income, and long-term care insurance, alongside annuities, brokerage, advisory, trust services, and portfolio management solutions.

Managing over $125 billion in client assets, Northwestern Mutual is committed to fostering diversity and supporting its growing financial advisory teams nationwide. Explore our mission to secure brighter financial futures with our skilled advisors and corporate professionals. Visit our career page for more opportunities.

We are seeking a dedicated and detail-oriented Associate Wealth Management Advisor to join our financial services team. This role offers an excellent opportunity to support clients by providing comprehensive wealth management solutions. The ideal candidate will possess a strong foundation in financial concepts, estate planning, and investment management, with a passion for helping clients achieve their financial goals. The position involves working closely with senior advisors to develop tailored financial strategies, analyze client portfolios, and deliver exceptional customer service within a professional environment.

• Overall Function:
  Specific responsibilities may include some or all of the duties outlined in the Associate Financial Representative (Registered) job description, as well as:

Support

• Handle case notes, processing correspondence, maintaining client case files and filing performance reports, account forms and other advisory paperwork
• Maintaining financial representative’s calendar, scheduling and attending follow-up appointments
• Responding to home office account inquiries
• Maintaining annual review notes in Envestnet and mailing annual review letters to clients
• Monitoring and stocking marketing materials for Signature advisory programs
• Monitoring industry trends and research
• Ensuring NMIS and NMWMC compliance requirements are implemented and followed

Proposal and Case Preparation

• Prospecting on behalf of the employing WMA for new advisory clients
• Gathering information for WMA meetings with client/prospect
• Preparing advisory annual review information
• Preparing and modifying PXs and investment/advisory proposals
• Preparing letter of instruction for client signature
• Preparing investment policy statement, needs-based analysis or financial plan
• Recommending fund portfolio options

Processing Accounts

• Preparing and processing all paperwork needed for investment/advisory accounts
• Monitoring, processing and following up on asset transfers and on initial and subsequent funding of advisory accounts
• Implementing initial and subsequent asset allocation trades
• Identifying need for switch letter and mailing appropriate forms to clients
• Discussing potential rollover opportunities from other retirement plans for variable and mutual funds
• Processing proposal amendments, monitoring alerts and annual reviews in Envestnet
• Executing buy or sell orders and rebalancing orders in Envestnet and maintaining asset allocation
• Following up on trade rejects and resolving all trade-related issues
• Monitoring holdings for program eligibility and administering advisory accounts

Advisory Client Meetings

• Meeting with advisory clients for fact finding and conducting existing advisory client reviews
• Completing risk tolerance (personal profile) questionnaire with client
• Making security recommendations and modifying asset allocations for existing advisory client accounts
• Participating in client meetings for financial or investment plan development or presentation

Client Service

• Corresponding with clients to handle advisory related service issues
• Contacting clients on behalf of the WMA for developing advisory plan and providing technical explanations of investment plan
• Explaining advisory products or advisory performance to existing clients
• Providing services and administering advisory products
• Accepting redemptions/withdrawals from clients and communicating instructions to home office
• Discussing tax consequences, costs and advisory fees
• Maintaining daily tickler system for account follow-ups and service requirements
• Running performance reports in Envestnet, Morningstar and NMCIR

The ideal candidate will possess a strong foundation in financial concepts, estate planning, and investment management, with a passion for helping clients achieve their financial goals. Experience with client-facing roles in wealth management or financial advisory environments is preferred. Strong organizational skills, attention to detail, and the ability to work collaboratively with senior advisors are essential.