Overview
Drucker Wealth
Financial Planning Coordinator- Retirement & Income Division
About the role:
We are looking for a CFP® to serve as a Financial Planning Coordinator….working closely with our two Lead Financial Advisors in all aspects of their clients’ financial planning needs. Their primary role will be to help our two lead advisors manage their client relationships in an organized & efficient way. This will involve overseeing, coordinating, and diving into the individual planning needs of our clients and interacting with clients directly.
We are looking for someone that’s organized, detailed-focused and likes getting involved in the operational aspects necessary to keeping clients happy, informed, and supported. They will have the prerequisite CFP® knowledge to build out financial plans, working in tandem with our lead financial advisors. They will also be responsible for keeping the advisors organized & prepared for client meetings as well as handling the client follow-up post-meeting. This will be a client facing (& client interacting!) role though largely be serving as a supporting/2nd chair financial advisor in client meetings.
We are looking for someone that LOVES real financial planning, keeping clients organized & accountable and simplifying things for our advisors WITHOUT the responsibility/pressure for getting clients in the door.
Prospecting, bringing on new clients, and anything “sales-focused” will NOT be part of the job’s responsibilities.
About the team:
Drucker Wealth is a Hybrid RIA that is family owned (for over 70 years) with 12 team members and over 800 client relationships. We are a fully virtual team. We have two divisions: Retirement & Income for clients that are 55+ and focused primarily on retirement planning and a Wealth Builder Division that is centered around high income earning 36-49 year old families in the accumulation phase of life.
This role will be to primarily serve the two Senior Advisors on our Retirement & Income Division.
Initial job responsibilities
- Learn financial planning the “Drucker Wealth way”; integrate your background and experience into our Financial Life Plan® Process
Participate in all client meetings and take detailed notes; - Create client meeting agendas, organize recommendations, and manage follow up items for assigned clients
- Communicate directly with clients and provide superior client service
- Learn operational aspect of assigned clients (ex-input data into various systems ie: RedTail, RightCapital set up/maintenance, etc.)
- Communicate directly with our Lead Advisor team & operations team re: account openings, cash transfers, investment strategy, etc. and understand the flow of business
- Learn and tweak established Drucker Wealth workflows and processes.
- Manage the financial planning data gathering process in all aspects of a client’s life – liabilities, cash flow, investments, equity compensation, tax, education, employee benefits, business, insurance, estate planning, etc.
- Participate in dedicated training sessions (technical financial planning, deliverables, client communication, etc.) while always looking to improve and add to our existing processes
Must-have Qualifications & Attributes
- CFP Designation, 7+ years experience in the financial planning industry
- Continuous learner; desire to relentlessly improve our processes & always thinking “what’s next?”
- Team player attitude, no job beneath you, willing to do any task to support the company
- Resonates with Drucker Wealth company core value (outlined further below)
- Comfortable in a fast-paced and rapidly changing environment
- Loves technology and trying new things
- Ability to independently diagnose problems and propose creative solutions; resourceful and takes initiative
- Absolute integrity and trust with open and honest communication given work from home set up
- Follows established procedures;
- Advanced emotional intelligence, people skills and ability to actively listen
- A sense of humor and desire to help build Drucker Wealth culture
Growth Opportunities
- As a Financial Planning Coordinator, you will be involved in A LOT of areas of the firm from day 1. (Initial Financial Planning Process, Wealth Management, Ongoing Review Meetings etc.) Knowledge is power…we do not believe in siloing people to only know about one narrow area….even if that happens to be their day-to-day role.
- Dedicated time for learning & growth – webinars, reading, certifications, etc. Find your planning “niche” an area of financial planning that you can “own” and become the go-to person on the team for
- Drucker Wealth is ALWAYS in growth mode. We have no CAP on future advisors, team members, new clients, or opportunities. We have big plans for our team’s future and every single team member is instrumental in building and designing that future.
- We are a family owned, boutique firm- as such there is no artificial limit on future income, role, title, opportunity etc.
Benefits & Salary
- $85k+ base salary with bonus & incentive potential.
- After 6-month trial period, Drucker Wealth has a 401k program with 3% match, defined benefit pension, synthetic equity, and partially subsidized health insurance
- We are a virtual team and place a high premium on personal responsibility & being accountable/responsive to team members and clients.
- We have semi-annual annual retreats where we fly the team into NYC for 3-4 days of meals, happy hours, future planning, and activities.
- We will pay for advanced training in areas that we mutually agree will benefit your career and our clients in areas such as communication training, advanced industry specific credentials, technical financial planning, conferences, etc.
- Valuable Mentorship and education-rich environment
About Drucker Wealth
Hi! My name is Gideon Drucker CFP® AIF® ECA, President of Drucker Wealth.
Here’s a bit of background about our team:
We are a 3rd generation financial planning firm based out of NYC. We are a family business and operate as such. Our clients are people we genuinely love working with (for the most part, c’mon…there’s always one or two!) and that truly appreciate & value our support. We operate with the mindset of “brutal honesty and radical transparency,” and strongly believe in educating our clients on how behavior will impact financial preparedness.
We operate virtually and have clients all over the country. The two communities we serve are pre-retirees and Mid-Career HENRY’s (High Earners Not Rich Yet), each with separate areas of focus & different Drucker Wealth Lead Advisors (Lance and Kitty for the former…Gideon and Autumn for the latter)
I like to think that we have the best of both worlds when it comes to the financial planning/wealth management industry.
On one hand, we are a proven firm with a 70-year track record, longtime multi-generational clients that love us, and a strong 12-person team core infrastructure. In other words, we are not a pop-up shop, a startup, or an early-stage firm trying to build to a baseline level of competency. We are already there.
At the same time, we are an independent financial planning firm that is adaptable/nimble and in the midst of exponential growth... We are constantly re-inventing ourselves and re-imagining the firm we want to be.
For example, over the last 6 years, we have become a Planning First Firm. This means that, now, every single new client relationship begins with a flat-fee financial plan before any “products” or “accounts” are even discussed (investment recommendations, life insurance, retirement accounts). After the plan, clients are free to implement our recommendations with our team (and most do…becoming wealth management clients) or they can go on their way…but that is entirely up to them once we conclude the initial plan engagement! This advice-centric planning model has revolutionized our business and led to deeper, more complete client relationships. We have no minimum investment asset requirement which means we are able to work with clients at the beginning of their financial journey as long as they are ready/comfortable to go through this initial Financial Life Plan®. Along with our planning first mentality, we believe that we are building the firm of the future:
1. We heavily utilize modern technology to make our work efficient, both internally and externally, as we collaborate with clients.
2. Incorporating tax planning & estate planning part of our financial planning offerings
3. A turnkey business development program that brings us warm prospects that fit our niche on a weekly basis…we communicate to prospects/clients in a more authentic (I would call it “human”) way than the wealth management world is known for.
4. A focus on life planning- Our planning is not just about “when can you retire??” but focused on family planning, education, home ownership, career changes, work-life optional life planning, travel & sabbatical planning etc.
5. Our clientele is 65% women, with a high percentage of first-time high-income earners, and the majority are those who are seeking professional financial guidance for the first time
Because it’s relevant to “why” we’re looking for a new paraplanner, you should know that I’ve been named an Investopedia Top 100 Financial Advisor, InvestmentNews 40 Under 40 class of 2023, a Forbes Top Next-Gen Advisor, and a Business Insider Top 23 Financial Planner for Millennials and a Financial Advisor Magazine Young Advisor to Watch. I’ve been fortunate to learn from some of the best in the industry (most specifically my dad Lance, our firm President and CEO) and I’m excited to closely train and mentor the new talent that comes to Drucker Wealth. We operate using EOS (Entrepreneurial Operating System) to help us create a transparent, organized and structured work environment. Our goal is to continue to grow as a boutique firm that provides unparalleled service to clients, while also supporting our team to live their own ideal lifestyle.
Our company core values are:
• Optimism • Passion • Gritty • Being Proactive
