Must Haves
APFS or ACII or equivalent (E)
Proven Experience as a FCA Approved Wealth Manager
Working knowledge of FCA and HMRC regulations
Interpersonal skills
Proven ability to deal with high profile clients
Negotiation and presentation skills
Analytical and investment skills
Accuracy and attention to detail
Team working
Must have their own Limited company and client bank for tax purposes
FCA Individual Conduct Rules
1. You must act with integrity.
2. You must act with due care, skill and diligence.
3. You must be open and co-operative with the FCA, the PRA and other regulators.
4. You must pay due regard to the interests of customers and treat them fairly.
5. You must observe proper standards of market conduct.
Role Specification
What the role holder needs to do to achieve the role purpose
Role Specific Responsibilities
Have detailed knowledge
1. Be aware of and be able to apply the key FCA rules relating to pension, investment, estate
planning and protection advice.
2. Comply with the requirements of the Financial Services and Markets Act 2000, and the FCA
Principles and Rules and the Individual Conduct Rules as listed above.
General
1. Conduct ‘Know Your Customer’ enquiries in accordance with regulatory requirements and the
relevant client agreement – Establish contact with clients and gather sufficient information
needed to provide suitable advice applying the principles of KYC; ensure that there is enough
material information to support the advice.
2. Analyse client data accurately, research the most appropriate investments for clients on an
independent, whole of market basis – be able to analyse client information conscientiously and
accurately in order to provide suitable advice; understand and apply all of the company’s
research systems.
3. Perform clear client presentations - present suitable advice to clients in a concise and balanced
manner explaining clearly charges and disadvantages, together with the main reasons for the
advice; clearly articulate the relevant investment proposition to clients.
4. Complete paperwork accurately and completely - Complete all basic documentation for advice
in a thorough and conscientious manner; ensure that the suitability letter is clear and covers all
the areas covered in the FCA guidance /rules.
5. Advise clients on an ongoing basis on their personal pension, ISA, GIA and Bond investments,
including funding as well as advising on drawing a tax-efficient income in retirement
6. Monitor clients' portfolios in accordance with their investment objectives, restrictions, and risk
profile.
7. Attend internal and external company and manager meetings.
8. Establish and maintain strong client relationships.
9. Develop new client relationships through direct client and/ or intermediary contact or referral
from existing client base.
10. Maintain regular contact with other intermediaries and investment managers.
11. Make formal presentations to potential and existing investors on PBIM products and services
as required.
12. Provide regular communication and reporting to clients and intermediaries.
13. Maintain working relationship with Operations, Administration and Compliance departments
14. Implement the correct anti-money laundering procedures to ensure all information is collated
when opening a new account.
15. Ensure relevant client information is fully recorded.
16. Ensure complete and accurate records are retained in relation to investment transactions and
investment restrictions overrides, where relevant.
17. Regularly monitor client’s portfolio performance against industry benchmarks.
18. Obtain PBIM approval for any changes/ re-negotiated terms of client agreement.
Record Keeping
19. Keep separate records for each private customer of every pension transfer arranged, whether
advised or not, and retain these records indefinitely.
Compliance, risk, governance and legal
Act in accordance with the FCA's Statements of Principles and Code of Practice for Approved
Persons. In particular, act with integrity, due skill care and diligence whilst observing the proper
standards of market conduct and act in accordance with FCA Treating Customers Fairly principles.
Manage risk within area of responsibility in order to mitigate errors and breaches.
Observe any specific risk tolerance as notified to you.
Adhere to client mandates.
Meet responsibilities as documented in the Disaster Recovery Plan.
Adhere to compliance procedures including FCA rules and HMRC requirements in all aspects of the
job.
Project Management
Identify areas for development, efficiency or improvement, proposing courses of action to your line
manager
Actively initiate and contribute as required to projects and initiatives
Manage own competence: Continued Professional Development (CPD)
Maintain Competent Status
Ensure suitable and relevant CPD is undertaken to maintain competence in the role. Ensure that
learning is applied to the workplace in a timely fashion and its application reviewed.