Senior Associate, Advanced Planning

At First Republic, we care about our people. Founded in 1985, we offer extraordinary client service in private banking, private business banking and private wealth management. We believe that personal connections are everything and our success is driven by the relationships we form with our colleagues and clients. You’ll always feel empowered and valued here. 

Incredible teams doing exceptional work, every day

First Republic Private Wealth Management is comprised of investment management, brokerage, trust, financial planning and insurance professionals within First Republic Investment Management (FRIM), First Republic Securities Company (FRSC),  First Republic Trust Company (FRTC), and Foreign Exchange. We offer customized wealth management solutions for our clients from a wide array of services including comprehensive investment management, financial planning, estate planning, trust services, endowment management and more. Our goal is to understand our clients’ unique needs and support them throughout a lifetime of financial goals.

The Advanced Planning Senior Associate will support First Republic’s Advanced Planners who are responsible for the development, design and implementation of comprehensive financial plans as well as other wealth planning services and deliverables.  The Advanced Planning group serves the ultra-high net worth client segment with an Advanced Planning Senior Associate supporting the Advanced Planners.  The position offers an excellent opportunity for an individual seeking to further a career in wealth and financial planning. Responsibilities range from supporting our planning professionals to acting as the first key contact in the planning relationship.  

Primary responsibilities include:

Develop client wealth planning deliverables and comprehensive plans:

• Compile information, conduct research and assemble all applicable client data necessary to develop a viable work product for review by an Advanced Planner; this process often involves direct contact with the client/client delegates or investigative research using available digital tools and applications.
• Utilize planning software to build financial models and projections based on client data and information compiled.
• Independently analyze data and perform quality control testing to ensure the accuracy and reliability of the analysis developed by the planning software.
• Independently review and prepare an analysis of client trust documents for a final review by an Advanced Planner.
• Take a major role in developing financial plans, obtaining client documentation, and completing analytics for an Advanced Planner’s review.

• Develop and maintain strong relationships with clients, accountants and attorneys to ensure data, analysis and plans are accurate and complete.

Secondary responsibilities:

• Ensure engagement letters and welcome packages are sent to clients
• Manage confidential client information
• Manage client pipeline and/or engagement from initiation to completion
• Maintain metrics needed to measure outcomes of the client engagements
• Main point of contact with private banking, wealth management teams and internal resources regarding client engagements
• Ensure invoices are effectively handled.
• Lead or assist in various special projects related to planning

The successful candidate will demonstrate:

• Existing experience or willingness to obtain expert knowledge of financial planning software, specifically eMoney and WealthTec applications. Additionally, the Senior Associate should:

• Have a basic understanding of financial planning concepts, strategies and solutions sufficient to independently understand how and what to model in various planning tools and applications.
• Perform independent research as needed to gain a technical understanding of concepts and strategies candidates are not familiar with that would aid in their analysis.
• The aspiration of being a team player with a sincere desire to play a role in a growing planning business.
• The individual should demonstrate dynamic analytical and technical abilities, good communication skills and strong attention to detail
• Strong interest in financial planning.
• Proficiency with Microsoft Office, Power Point, Excel and a familiarity with or ability to be trained on NumberCruncher, WealthTec, and eMoney software
• An understanding of or solid foundation in essential planning concepts (i.e., estates and trusts, insurance, stock options, taxes, cash flow planning) 
• An understanding of investments and financial markets
• Familiarity with banking and wealth management products and services
• Ability to manage multiple responsibilities under high pressure
• Strong communication and follow-up skills 
• Sound judgment and reasoning abilities
• A “high touch” client service approach
• Minimum of 2-6 years of experience in financial planning
• Intellectual curiosity
• Tax background, Certified Financial Planner (CFP) designation, experience reading or drafting estate documents preferred but not required

Job Demands:

• Must be able to review and analyze data reports and manuals; must be computer proficient.
• Must be able to communicate effectively via telephone and in person.
• Must be able to travel as position requires.

Own your work and your career — apply now

Are you willing to go the extra mile because you love what you do and how you can contribute as a team? Do you want the freedom to grow and the opportunity to take charge of your own career?  If so, then come join us.

We want hard working team players. You’ll have the independence to learn, lead and drive change. A culture of extraordinary service, empowerment and stability — that’s the First Republic way.

We believe that a diverse range of backgrounds and ideas has and will continue to be fundamental to the future success of First Republic.

If you are curious to learn more about this opportunity, we'd love to hear from you.

This job description is not intended to be all-inclusive. Employee may perform other related duties as assigned to meet the ongoing needs of the organization. The Company is an equal opportunity employer. In this regard, the Company makes reasonable accommodations for qualified applicants and employees with disabilities in order to enable them to perform all essential job functions, unless doing so creates an undue hardship.

First Republic is subject to federal laws that restrict the employment of individuals with certain types of criminal histories, including FDIA Section 19 and FINRA. To the extent not inconsistent with our obligations under those federal laws and regulations, First Republic will consider qualified candidates with criminal histories in a manner consistent with the Los Angeles and San Francisco ban-the-box laws.

For New York City-based roles: Mayor Bill de Blasio announced that, effective December 27, 2021, all private sector employers ?in New York City will be required to ensure that their employees are vaccinated against COVID-19 to attend work in the office. Reasonable Medical or Religious Accommodations may be requested if applicable to you. Please view New York’s Guidance on Accommodations for Workers for more information.