Company: Brooklyn FI
Job description: Brooklyn FI is a fee-only financial planning firm based in Brooklyn, NY. Our niche is two-fold: creative small business owners and tech professionals with equity compensations. The F.I. in Brooklyn F.I. stands for Financial Independence. The central idea at the core of our planning practice is that money is just a tool to live your best life. We build lifelong relationships with clients who are generally frustrated with the financial advice they’ve received and are looking for a true partner to lead them through the exciting “accumulation” phase of life.
Our average client age is 35 and our clients’ lives seem to change about every 3 months with a new family member, a new home, a new business or a liquidity event. Our dynamic financial plans, and the financial planners who deliver them, are there to guide them every step of the way. We offer financial planning on a monthly retainer model as well as investment management and tax preparation as optional add-ons.
In 2020 our team went fully remote and it’s been great. We’re currently a team of seven and will be growing larger this year. In addition to the financial planning firm, we have a sister tax firm, so our clients get tremendous value by bringing financial planning, investment management, accounting, and tax preparation all under one roof.
Key Responsibilities
This is a client and advisor supporting role that requires an understanding of financial planning and the markets to develop recommendations for clients
- Support the advisor through the full cycle of client relationships – from initial development of the plan to ongoing review meetings
- Assist in implementing recommended strategies such as opening accounts, setting up investment portfolios, and handling rollover calls
- Build comprehensive financial plans that align with the individual financial goals and objectives of clients
- Run Get Organized meetings with clients to ensure we have the necessary documents on file to complete their plan
- Coordinate with the tax team on tax planning items, mock tax returns and projections
- Perform ongoing financial planning analyses, including tax, cash flow, retirement, estate planning, and insurance
- Prepare scenario-based tax projections using BNA Income Tax Planner for Lead Planner’s review
- Embrace the investment strategy of the organization and implement investment recommendations
- Support the Senior and Lead planners in day-to-day operations of the firm
- Enter client data in Wealthbox CRM and other financial planning tools
- Attend client meetings, take notes, and follow-up with clients
- Respond directly to client inquiries received via email and/or phone
Experience, Skills and Core Competencies
Must-haves:
- Bachelor’s degree
- The CFP ® marks or on track to receive the marks in 1-3 years
- Proficiency in MS Office Suite (you love Excel and could teach our team a thing or two)
- Ability to provide a high level of authentic service and compassion to client relationships
- Dedication to high quality of work and significant attention to detail
- Strong product knowledge and problem-solving skills
- A true passion for innovation (you’re excited about learning new software and you learn fast)
- Strong analytical, organizational, presentation, and computer skills
- Excellent verbal and written communications
- Proactive team player able to work in a fast-paced environment
- Ability to work independently (think through and solve problems on your own)
- A sense of humor
Nice-to-haves:
- Experience using and building workflows in Wealthbox
- Experience building financial plans in Right Capital
- EA or CPA designation
- Familiarity with the George Kinder Life Planning Program
- Experience with BNA Income Tax Planner
Details
Title: Financial Planning Associate
Type: Full-time
Compensation: $55,000-$65,000
Location: Remote
Benefits: Health insurance, 401(k)
Expectations: 40-50 hours per week
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Expected salary: $55000 – 65000 per year
Location: New York
Job date: Fri, 29 Jan 2021 01:09:51 GMT
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