LPL Financial and Mechanics Bank: An Exciting Collaboration for Comprehensive Financial Services
Renowned for its innovative, client-centric approach, LPL Financial has embarked on an exciting collaboration with Mechanics Bank. This partnership is aimed at providing a comprehensive suite of financial services tailored to the specific needs of their clients. One of the significant opportunities arising from this collaboration is the position of a Wealth Advisor affiliated with LPL Financial at Mechanics Bank. This role is based on-site at the local bank branches located in Pearl City, Honolulu, or Hilo, HI.
About Mechanics Bank
Named one of America’s Best Banks by Forbes in 2024, Mechanics Bank is a trusted name in the financial services industry. The bank recently merged with HomeStreet Bank, uniting two historic West Coast companies with shared values and commitment. Both institutions are dedicated to serving their local communities and meeting their clients’ banking, lending, and wealth management needs. This merger has broadened the bank’s network, offering more convenience to its customers with branches throughout California, the Pacific Northwest, and Hawaii.
Role of a Wealth Advisor
The Wealth Advisor plays a crucial role in delivering Non-Deposit Investment Products (NDIPs) and services to the bank’s customers and prospective customer base. They serve as an advisor providing an advice-based approach to financial solutions for an assigned book of business. Wealth Advisors actively solicit new and existing investments and insurance solutions from the retail client base to meet the individualized needs of each customer. They work closely with Retail Branch Managers and Centers of Influence, maintaining strong working relationships with all assigned branches.
Key Responsibilities
- Providing comprehensive, needs-based financial solutions to clients by offering a range of investment and insurance solutions.
- Delivering ethical business practices to ensure full compliance with regulatory, broker-dealer, and institution requirements.
- Delivering a high-quality customer service experience during each customer interaction.
- Building strong relationships with retail branch staff, supporting and motivating their referral efforts.
- Meeting or exceeding established sales goals for the assigned territory while ensuring compliance with policies, procedures, and regulations governing products and services.
Who are we looking for?
Wealth Advisors should be strong collaborators who can deliver a world-class client experience. We seek individuals thriving in a fast-paced environment and those who are client-focused and team-oriented. Furthermore, they should be able to execute in a way that encourages creativity and continuous improvement.
Job Requirements
- A minimum of a high school diploma (Bachelor’s Degree is preferred).
- A minimum of two (2) years investment sales experience, preferably in a financial institution.
- Must maintain active State Applicable Life Insurance License, Active Series 7 Registration, Active Series 63 Registration (if required by the state of hire), Active Series 65 or 66 Registration (if required by the state of hire).
- Computer literacy with proficiency in Microsoft Office product suite.
Preferred Skills
- Demonstrated ability to sell products and services to investment clients.
- Broad knowledge of the characteristics and needs of clients and partners within the bank-based investment market.
- Excellent knowledge of investment/insurance products and financial planning.
Core Competencies
- Strong self-motivation and ability to work independently.
- Excellent verbal, written, and interpersonal communication skills.
- Strong organizational skills.
- Excellent customer service and business focus with great attention to detail.
- Effective research and analysis skills.
About the Pay Range
The salary range for this position is $68,640 – $80,000, dependent on a number of factors, including the applicant’s skill, experience, and work location. This position is also eligible to earn sales incentive compensation.
For more information, visit the job posting here.
