Commonwealth Financial Network

Practice Management Senior Consultant, Solo Advisors

Job Locations US-MA-Waltham
Job ID
W/SD-2021-168
# of Openings
1
Category
Practice Management
Type
Permanent/ Full-Time

Overview

Are you passionate about helping small business owners plan strategically for the future, overcome critical business challenges, and tackle day-to-day business operations issues? Our Practice Management team is looking for a senior consultant to lead engagements with our solo advisor firms as part of our dynamic and growing team. The ideal candidate is a creative problem solver, analytical thinker, strong communicator, and team player who has extensive experience working with financial advisors in a consultative manner.

 

Our team serves as a strategic partner to Commonwealth advisors and their staff, helping them to build healthy and growing businesses. The team provides consulting services and programs to support advisors across a broad range of growth, transitions, scale and efficiency, and human resources needs. In this role, you will support our Solo Advisor Firms team within Practice Management by leading engagements with our solo advisors across a wide range of specialized needs and general business management issues. You will work extensively with our top advisors and on engagements with a high degree of complexity.

 

We operate in a fast-paced, demanding, and dynamic environment. This position is ideally suited for a business consultant who strives to be a long-term partner and advocate for advisors, helping them to develop thriving and enduring organizations.

 

Key Responsibilities

  • Conducting consultations with our advisory firms across a broad range of practice management disciplines; helping them tackle complex and challenging issues from a holistic, strategic, and objective perspective
  • Proactively building long-term relationships with our top solo advisor firms
  • Leading engagements on especially complex or sensitive issues
  • Addressing the specialized needs and business management issues of solo advisor firms (g., continuity planning with external practices, creating a business structure and client model that allows for future growth, maximizing a lead advisor’s limited time, hiring service advisors, and outsourcing non-core responsibilities)
  • Leveraging consulting skills and techniques to effectively engage clients, including discovery, providing feedback, responding to resistance, and implementation
  • Managing advisor merger and acquisition deals from inception through completion (e.g., matchmaking, deal structure, valuation, financing, contracting, and client transition)
  • Using data analytics to help firms assess performance using internal and external metrics
  • Delivering proactive business review engagements with top clients to support key business initiatives; soliciting feedback on the firm’s overall relationship with Commonwealth, and identifying opportunities to better leverage Commonwealth’s support and resources
  • Conducting on-site consulting engagements (periodic travel may be required when resumed by Commonwealth)
  • Serving as a role model, mentor, and trainer to team members in analyst, associate consultant, and consultant roles who are building consulting careers
  • Leading projects to enhance value-added resources and services
  • Spearheading thought leadership initiatives from inception, presenting at practice management programs and Commonwealth conferences, and writing for the Commonwealth Business Review and the Commonwealth Independent Advisor blog

Core Strengths

  • Strong understanding of financial services, RIA, and broker/dealer industries
  • Extensive knowledge of the issues facing small business owners and financial advisors
  • Well-developed interpersonal and team-building skills
  • Proven ability to perform under pressure
  • Adaptability to work collaboratively or individually
  • Exceptional communication skills (verbal, written, listening, and follow-up)

Additional Skills and Knowledge 

  • 10+ years of experience in a practice management role
  • 15+ years of overall experience in the financial services industry
  • Extensive experience working with financial advisors required
  • Bachelor’s degree required; MBA preferred

Have we piqued your curiosity? Can you see yourself thriving in this opportunity? Let’s introduce ourselves. 

 

Picture Yourself Here  

Imagine keeping company with big thinkers and even bigger doers who share a common purpose to make a profound difference. Figure in an experience-it-to-believe-it culture, massive growth potential, and benefits galore, and you get the full impression.   

 

We are committed to providing a supportive, equitable environment where you can bring your full, authentic self to your work every day and truly thrive in meaningful ways—personally and professionally. At Commonwealth, everyone plays a part in our success story. And in building a more diverse and inclusive workplace, we are broadening our perspectives and capabilities. Together, our potential is limitless. We invite you to join us on the path to a brighter future!

  

About Commonwealth  

Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser, provides a suite of business solutions that empowers more than 2,000 independent financial advisors nationwide. J.D. Power ranks Commonwealth “#1 in Independent Advisor Satisfaction Among Financial Investment Firms, Eight Times in a Row.” Privately held since 1979, the firm has headquarters in Waltham, Massachusetts, and San Diego, California.   

  

Turning our advisors into raving fans starts by doing the same for our employees. We foster an environment of excellence, growth, rewards, and fun in equal measure, so our employees genuinely enjoy coming to work. Our refreshing workplace culture has earned us 43 Best Place to Work awards—and counting.   

  

The Fine Print  

We care about your online safety as a prospective employee and encourage you to exercise caution when responding to job postings online. Commonwealth will never ask potential hiring candidates to pay or transfer funds as a precondition of interviews or employment, nor will we authorize recruiters or agents to do so on our behalf.  

  

Commonwealth is an equal opportunity employer, making intentional efforts to source the very best talent from all backgrounds.

 

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