Job description
About the Role
- The Trainee wealth managers role begins with learning how to generate activity, inbound and outbound leads for specific areas of financial planning Hoxton specialize in.
- You will be required to make a minimum of 100 calls daily, 1 booking a day, which is an absolute minimum.
- You will be exposed to various facets of the business including investment management, paraplanning, client servicing, technical advice and much more. There are monthly incentives you can qualify for based on your performance.
- You will start as a trainee and train for 24/36 months whilst doing your UK qualifications to become a financial adviser in one of our locations around the world.
- The course starts with three months of structured training in our UK office with very qualified and experienced managers at your disposal before moving to our international Dubai office if we feel you are ready and have what it takes to pursue a career in wealth management.
Attributes we require for a BDM to Pathway Advisor
- Confident & Competitive: Seek candidates who possess self-assuredness and a competitive spirit, often demonstrated through high-level sports involvement.
- Eager to Learn: Look for individuals who are enthusiastic about improving and learning new skills. Past examples of learning and growth are valuable.
- Hardworking: Prioritize candidates who can provide evidence of their dedication and hard work, showcasing their ability to overcome challenges.
- Effective Communicators: Prefer candidates with a friendly and articulate telephone manner, emphasizing the importance of clear communication.
- Intelligent & Educated: Require at least a minimum of sixth form or college education to demonstrate their ability to study and comprehend financial concepts.
- Disciplined: Look for individuals who can establish routines, demonstrate commitment to schedules, and stick to a plan.
- Initiative & Entrepreneurship: Value candidates who have taken the initiative in personal or educational projects, showcasing their drive to succeed.
- Grit & Resilience: Seek candidates who have persevered through tough times and overcome challenges.
- Simplicity in Communication: Assess their ability to explain complex concepts in a straightforward, structured manner, potentially through a test.
- Professional Appearance: Require candidates to present themselves well, with a clean and polished appearance.
- Persistence & Assertiveness: Emphasize the importance of shameless persistence and a forward approach in pursuing goals.
Salary and structure over the 3 year period
Package - Year one
- 24,000 GBP Annual Salary
- 5% Gross Commission on 0- 100,000 GBP
- 10% Gross Commission on 100,000 GBP Plus. (Rolling 12 months)
- Visa and Medical provided once in Dubai.
Package - Year Two
- 26,400 GBP Annual Salary
- 10% Gross Commission on 100,000 GBP Plus. (Rolling 12 months)
- Visa and Medical provided once in Dubai.
Package - Year Three
- 28,800 GBP Annual Salary
- 10% Gross Commission on 100,000 GBP Plus. (Rolling 12 months)
- Visa and Medical provided once in Dubai.
What the minimum requirements are once in the role
Minimum standards per week.
- 500 Dials / 5 Hours talk time / 5 Booked meetings / 3 Sat meetings per week.
THREE MONTHS
- 1,000,000 GBP AUM / 4 new clients
SIX MONTHS
- 3,000,000 GBP AUM / 6 new clients / 40,000 GBP Gross commission
YEAR ONE
- 6,000,000 GBP AUM / 16 New Clients / 100,000 GBP Gross commission
YEAR TWO
- 6,000,000 GBP AUM / 25 New Clients / 200,000 GBP Gross Commission
YEAR THREE
- 7,500,000 GBP AUM / 30 New Clients / 250,000 GBP Gross commission
At this point we would then provide the platform to start as a Pathway Financial Planner, this is a salaried role which allows you to Step into the Advice roll seamlessly. All training is provided throughout the pathway.