At a Glance
- Tasks: Support Investment Directors in managing and growing client relationships and investment proposals.
- Company: Join a leading investment firm focused on innovation and client success.
- Benefits: Competitive salary, professional development support, and a dynamic work environment.
- Other info: Opportunity for personal growth and career advancement in a supportive team.
- Why this job: Gain hands-on experience in investment management while building valuable client relationships.
- Qualifications: Desirable to have industry-relevant qualifications; training support provided.
The predicted salary is between 54000 - 66000 £ per year.
This role is designed to support 7IM Investment Directors (Intermediary) in servicing, managing, and growing a panel of both existing and prospective qualified IFAs and clients within your region who utilise 7IM's Discretionary Investment and Retirement Income Services (RIS).
Responsibilities
- Assist Investment Directors (IDs) in preparation for new business meetings, conduct portfolio analysis and draw up investment proposals.
- Support IDs in the prospecting and sign-up of new IFA firms who want to use the 7IM Discretionary / RIS services.
- Support IDs in the prospecting and sign-up of new business from signed-up IFA firms.
- Support IDs in hitting their Discretionary / RIS gross new business, revenue and attrition targets.
- Experienced Investment Associates will oversee a defined panel of IFAs with discretionary clients, identifying ‘up or x-selling’ opportunities.
Service
- Undertake daily Investment Associate tasks, including cash reconciliations, investments, payments, withdrawals, fees, ‘ad hoc’ client & IFA queries.
- When experienced, become the first point of contact for client and IFA queries, and build relationships with both parties.
- Oversee the set-up and transfer of assets for new Discretionary / RIS clients, as well as the closing down process.
- Work with IDs, carry out portfolio restructuring & investment phasing work.
- Help IDs & IFAs prepare for annual client reviews, attending and contributing where relevant to gain experience.
- Prepare CRRs and supporting documentation as well as completing action points from client reviews.
- Assist Investment Directors with annual client CGT / ISA tax tasks.
Compliance & Conduct
- Assist Investment Directors with annual client suitability reviews and ensure they are kept up to date.
- Ensure all client activity is updated on CRM / Lynx efficiently.
- Undertake annual relevant T&C, including product training and tests.
- Adhere to the control environment, in particular the SMCR conduct rules.
- Attend and contribute to monthly regional meetings.
- Flag and report any business errors promptly.
- In this role, it's essential that you consistently follow the FCA's Consumer Duty principles. You're expected to act in good faith, prevent potential harm, and actively support our customers in achieving their financial goals.
Skills About You
- Accuracy, thoroughness, and attention to detail in order to maintain the highest levels of service.
- Systems learning skills to rapidly understand and use appropriate systems, including accurate inputting of detailed data across a number of different screens and software packages.
- Written skills, in order to clearly, concisely and thoroughly present information to clients and wealth managers.
- Numeracy skills in order to understand, process and check a range of data.
- Telephone answering, rapport and relationship building skills in order to rapidly establish a high level of trust with the clients and wealth managers, to manage expectations, and to demonstrate a high level of ownership, competence, reliability and responsiveness.
- Assertiveness and tenacity combined with diplomacy and sensitivity, to build and maintain good relationships with clients, wealth managers and colleagues across the company.
- The ability to ensure that necessary actions are taken to service clients, whilst maintaining positive relationships externally and internally.
- Planning and organising skills to maximise operational efficiency and service, including prioritising appropriately.
- Flexibility and innovation to handle and support changing (and sometimes conflicting) needs and demands, and continually to improve working practices.
- Resilience to manage conflicting priorities and demands, ambiguity and demanding workloads.
- Personal development focus, taking responsibility (with 7IM) for driving forward both personal and professional development to maximise effectiveness in this demanding role, and to grow in the role, and beyond.
Knowledge
- Knowledge of discretionary investment management administration, including tax wrappers, would be advantageous.
- Knowledge of Pershing systems and procedures would also be beneficial.
- Knowledge of general office administration and Microsoft Office is preferable.
Qualifications
- An industry-relevant examination (such as to Level 4 CISI IAD level) is highly desirable. Support is provided by 7IM for those who are already part-qualified to complete the qualification.
Skills/Other Relevant Information
- Adhere and contribute to 7IM's Values, Purpose and Vision.
Investment Associate employer: 7IM
At 7IM, we pride ourselves on being an exceptional employer, offering a collaborative work culture that fosters professional growth and development. As a Senior Paraplanner, you will not only play a crucial role in supporting our advisers but also have the opportunity to mentor junior staff, ensuring a rewarding career path in the heart of financial planning. Our commitment to compliance and excellence, combined with a supportive team environment, makes 7IM a fantastic place to build your future.
StudySmarter Expert Advice🤫
We think this is how you could land Investment Associate
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like 7IM. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Investment Associate
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to 7IM.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on 7IM's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at 7IM
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with 7IM.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at 7IM will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former 7IM employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
