At a Glance
- Tasks: Learn to generate leads and provide wealth management services in a dynamic environment.
- Company: Join Hoxton Wealth, a global financial services firm with a tech-led approach.
- Benefits: Competitive salary, commission structure, visa, and medical benefits upon relocation to Dubai.
- Other info: Structured 24-36 month training program leading to a Pathway Financial Planner role.
- Why this job: Kickstart your career in wealth management with international exposure and mentorship.
- Qualifications: Sixth-form or college education; resilience, confidence, and a willingness to learn are key.
The predicted salary is between 24000 - 28000 £ per year.
Company Overview: Hoxton Wealth is a global financial services firm with offices in key locations, including Cyprus, the United States, the United Kingdom, Dubai, South Africa, and Australia. The company leverages a tech and tax-led approach to financial planning, combining innovative technology solutions with deep expertise in tax-efficient strategies to deliver comprehensive wealth management services. With over £3 billion in assets under management (AUM), Hoxton Wealth is committed to helping clients achieve their financial objectives through personalized investment solutions, cross-border financial planning, and long-term strategies for wealth growth and preservation.
About the Role: This is a challenging and highly demanding position that requires exceptional resilience and a strong work ethic. The Trainee Wealth Manager role begins with learning how to generate activity and create inbound and outbound leads within the specific areas of financial planning Hoxton specializes in. It is not for the faint-hearted and requires unwavering commitment. Candidates must be prepared for a phone-based role securing at least one booking per day as a non-negotiable minimum standard. Throughout the role, you will be exposed to various facets of the wealth management industry, including investment management, paraplanning, client servicing, and technical advice. There are performance-based monthly incentives for those who consistently deliver results. This role begins as a trainee position with a 24-36 month training program, including obtaining UK financial qualifications to prepare you for a financial advisory role in one of our global offices. Additional qualifications may be required depending on your chosen region. The program starts with relocation to our Dubai office, where you will receive mentorship and hands-on experience.
Key Skills and Attributes: To excel in this demanding role, you will need:
- Resilience and Grit: The ability to push through tough challenges, including rejection, and maintain unwavering determination.
- Confidence and Competitiveness: A competitive spirit, often demonstrated through high-level sports or other pursuits, paired with self-assurance.
- Willingness to Learn: A hunger for knowledge and growth, supported by examples of past learning and self-improvement.
- Hardworking Nature: A proven track record of dedication and the ability to thrive in a high-pressure environment.
- Effective Communication: A clear, professional, and articulate telephone manner.
- Intelligence and Education: A minimum of sixth-form or college education to support financial comprehension.
- Discipline and Organization: A structured approach to daily tasks and routines, with the ability to stick to demanding schedules.
- Entrepreneurial Drive: Initiative and a proactive mindset to tackle challenges and identify opportunities.
- Simplicity in Communication: The ability to convey complex concepts in a straightforward, concise manner.
- Professional Appearance: A clean, polished, and professional demeanor.
- Persistence and Assertiveness: A fearless, forward approach to achieving goals.
Salary and Progression: This is a structured three-year program with clear milestones and incentives:
- Year One Salary: £24,000 Commission: 5% gross commission on £0-£100,000; 10% on £100,000+ (rolling 12 months) Benefits: Visa and medical provided upon relocation to Dubai.
- Year Two Salary: £26,400 Commission: 10% gross commission on £100,000+ (rolling 12 months) Benefits: Visa and medical provided in Dubai.
- Year Three Salary: £28,800 Commission: 10% gross commission on £100,000+ (rolling 12 months) Benefits: Visa and medical provided in Dubai.
Performance Expectations: To succeed, candidates must consistently meet these minimum weekly standards:
- 5 hours of talk time
- 5 booked meetings
- 3 sat meetings
Three-Month UK Training Program Target: £1,000,000 AUM / 4 new clients Six Months Target: £3,000,000 AUM / 6 new clients / £40,000 revenue Year One Target: £6,000,000 AUM / 16 new clients / £100,000 revenue Year Two Target: £6,000,000 AUM / 25 new clients / £200,000 revenue Year Three Target: £7,500,000 AUM / 30 new clients / £250,000 revenue Upon completion of this program, successful candidates will transition to a Pathway Financial Planner role, a salaried advisory position with comprehensive training for seamless advancement into financial advice. This role is not for everyone, but for those with the resilience, determination, and ambition to succeed, it provides a unique opportunity to build a rewarding career in wealth management with international exposure. Relocation to Dubai is essential for this position and offers an exciting opportunity to be at the heart of our operations.
Trainee Wealth Planner in London employer: Hoxton Wealth
Hoxton Wealth is an excellent employer, offering a vibrant work culture that fosters collaboration and innovation. With a strong focus on employee growth, we provide ample opportunities for professional development and advancement within the company. Located in a thriving area, our team enjoys a supportive environment that values each member's contributions to corporate governance.
StudySmarter Expert Advice🤫
We think this is how you could land Trainee Wealth Planner in London
✨Tip Number 1
Get your networking game on! Connect with professionals in the wealth management industry through LinkedIn or local events. Building relationships can lead to referrals and insider info about job openings.
✨Tip Number 2
Practice your pitch! You’ll need to be confident and articulate when reaching out to potential employers. Prepare a short introduction about yourself and your interest in wealth management to make a great first impression.
✨Tip Number 3
Don’t shy away from cold calling! It’s a key part of the role, so get comfortable with it. Start by reaching out to local firms or contacts in the industry to practice your communication skills and build resilience.
✨Tip Number 4
Apply through our website! We’ve got loads of resources to help you land that Trainee Wealth Planner role. Plus, it shows you’re serious about joining our team and ready to take the plunge into wealth management.
We think you need these skills to ace Trainee Wealth Planner in London
Some tips for your application 🫡
Show Your Resilience:In your application, highlight experiences where you've faced challenges and pushed through. We want to see that you have the grit to handle tough situations, just like the role demands!
Be Confident and Competitive:Let your competitive spirit shine through! Share examples from sports or other pursuits that demonstrate your confidence and drive. This will resonate well with us as we look for candidates who thrive in a high-pressure environment.
Communicate Clearly:Since this role involves a lot of phone work, make sure your written communication is clear and professional. We appreciate simplicity, so convey your thoughts concisely and effectively in your application.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates about the process!
How to prepare for a job interview at Hoxton Wealth
✨Know Your Stuff
Before the interview, dive deep into Hoxton Wealth's services and their tech-led approach to financial planning. Familiarise yourself with their investment strategies and be ready to discuss how you can contribute to their goals.
✨Show Your Resilience
This role demands grit and determination, so come prepared with examples of how you've overcome challenges in the past. Whether it's in sports or academics, share stories that highlight your persistence and ability to bounce back from setbacks.
✨Practice Your Pitch
Since this is a phone-based role, practice your communication skills. Make sure you can articulate complex financial concepts simply and clearly. You might even want to do mock calls with friends to get comfortable with the format.
✨Dress to Impress
Even if the interview is virtual, maintain a professional appearance. Dress smartly to convey your seriousness about the role. A polished look can make a great first impression and show that you’re ready for the professional world.
