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
✨Tap into University Career Services
If you're a student or recent grad eyeing a trainee role in banking or financial services, your university career services are your secret weapon. They often have connections with firms, and can guide you to exclusive openings that aren't advertised widely, so make sure to get in touch!
✨Get Involved in Finance Societies
Joining finance-related societies or clubs at your university can seriously up your game. They often host networking events, guest speaker sessions, and workshops that can connect you directly with industry professionals and potential employers.
✨Show Your Passion Through Projects
Try working on finance-related projects or internships, even if they're unpaid. It shows your commitment and gives you something to discuss in interviews. Plus, if you've got a blog or a portfolio detailing your findings on market trends, that can really impress recruiters!
✨Use Our Website to Find Opportunities
We at StudySmarter recommend that you regularly check our website for trainee opportunities at leading companies like Hoxton Wealth. They often post openings directly there, so don't miss out on the chance to apply and show what you've got!
We think you need these skills to ace Trainee Wealth Planner in London
Some tips for your application 🫡
Show your numbers!:In banking and financial services, we love a bit of quantification. Be sure to highlight any relevant coursework, grades, or projects that showcase your analytical skills. If you've tackled math-heavy subjects or have experience with financial modelling, let that shine on your CV!
Tailor your application to finance:Don't just copy and paste a generic cover letter; weave in your passion for finance and share any relevant experiences or internships, no matter how small. Writing about your motivations and learning potential in relation to the role will help us see you fit in at Hoxton Wealth.
Certifications can set you apart:If you've got any finance-related certifications (think CFA Level 1, ACCA, or even online courses), make sure to include them! They show initiative and a commitment to your career in banking, which we really appreciate.
Proofread with a fine-tooth comb:In finance, attention to detail is crucial! Spam your application with typos or poor formatting, and we may flag you as 'not detail-oriented'. So, let’s double-check everything. A clear structure in your CV and cover letter will also help your application stand out. Remember, apply through our website!
How to prepare for a job interview at Hoxton Wealth
✨Brush Up on Your Financial Knowledge
Make sure you’re comfortable with financial concepts and terminology. The interview may dive into areas like risk assessment or investment strategies, so revisiting some core principles and current trends in the banking sector will really help us stand out at Hoxton Wealth.
✨Prepare for Case Studies
Expect to encounter case studies or hypothetical financial scenarios where you’ll need to demonstrate your analytical skills. Practising with examples can help us articulate our thought process clearly and show how we approach problem-solving specific to the banking and financial services sector.
✨Highlight Your Learning Agility
As a trainee, they’re looking for potential over experience. We should emphasise our willingness to learn and adapt. Be ready to discuss how we’ve taken on challenges in the past, showcasing our growth mindset and eagerness to dive into the banking world with both feet.
✨Showcase Your Interest in the Industry
Let your passion for banking shine through! Discuss any relevant coursework, internships, or even personal finance projects you’ve explored. This not only demonstrates our knowledge but also our genuine enthusiasm for a career in banking at Hoxton Wealth.
