Commonwealth Financial Network

Practice Management Associate Consultant

Job Locations US-MA-Waltham
Job ID
W-2021-137
# of Openings
1
Category
Practice Management
Type
Permanent/ Full-Time

Overview

Are you passionate about helping small business owners with long-term strategic planning, overcoming critical business challenges, and tackling day-to-day business operations issues? Do you have previous experience working directly with financial advisors? Our Practice Management department is searching for an associate consultant to conduct introductory consulting engagements and support complex engagements as part of our dynamic and growing business consulting team. The ideal candidate is a creative problem solver, an analytical thinker, a strong communicator, and a team player.

 

The Practice Management team serves as a strategic partner to Commonwealth advisors and their staff, helping them build healthy and growing businesses. The team provides consulting and programs to support advisors across a broad range of business issues, including:

  • Strategic planning
  • Human capital
  • Scale and efficiency
  • Growth and marketing strategies
  • Continuity and succession
  • Acquisitions
  • Financial benchmarking
  • Ensemble formation

In this role, you will conduct introductory consulting engagements independently with advisors and their firms across a wide range of needs. You will also work collaboratively to support seasoned business consultants on more complex engagements, helping them with preparation, delivery, and follow-up.

 

Key Responsibilities

  • Engaging independently with advisors on introductory practice management issues listed above
  • Helping consultants to deliver:
    • Client engagements from inception through completion by assisting with meeting preparation, researching background information, communicating with clients, performing analytics, and managing logistics
    • Business review engagements with top clients by drafting meeting summaries for distribution to the internal leadership team, following up on opportunities to engage with the advisor’s firm, and aligning additional resources at Commonwealth
  • Shadowing consultants during discussions, taking detailed notes, and providing input as needed
  • Managing follow-up responsibilities, special projects, and client communications for the engagement and tracking of ongoing engagement progress
  • Supporting data analytics projects to drive the team’s strategic decisions, including analyzing client-specific context and strengthening thought leadership content
  • Assisting consultants with projects and research initiatives to enhance advisor resources and thought leadership
  • Organizing and preparing site visits for consultants by observing and participating in visits, taking thorough notes, and managing follow-up items (periodic travel possible when resumed by Commonwealth)
  • Aiding in the development of processes and procedures to increase departmental efficiencies

 

Onboarding Experience

 

This position is ideally suited for someone who is building a career in business consulting as this role is a step on the professional development path to consultant and senior consultant. As part of our recipe for success, we believe an outstanding onboarding experience can lead to a fulfilling career at Commonwealth.

 

New associate consultants participate in an extensive training process that includes structured learning, shadowing, and hands-on experience.

 

  • During your first eight weeks, you will focus on building relationships with your peers, learning about our community and commitment to indispensable service, and the foundations to successful consultations through meetings, videos, and job shadowing.
  • Once the foundation is set, you’ll learn from our experienced consultants as they engage with our advisors and their staff to evaluate potential strategies and objectively advise our clients.
  • The following six weeks will include independently taking introductory consulting engagements while also supporting senior consultants on complex cases.
  • Professional development is one of our core values; becoming a successful business consultant requires:
    • An ongoing investment in learning by consuming articles, presentations, and other content to deepen knowledge
    • Developing consultative skills by shadowing seasoned professionals and hands-on experience delivering engagements
  • With progression and achievement as a team player and your contributions to our clients, more responsibility will come with the next step to consultant.

 

Core Strengths

  • Creative problem solver and analytical thinker
  • Basic understanding of the financial services industry
  • Ability to work as both a collaborative team member and an individual contributor as workload and direction demonstrate
  • Strong interpersonal and team-building skills
  • Excellent listening and follow-up skills
  • Strong written and verbal communication skills
  • Comfortable in a fast-paced, high-demand, dynamic environment

 

Additional Skills and Knowledge

  • 3+ years’ experience in the financial services industry
  • Prior experience working with financial advisors or in an advisor firm preferred
  • Bachelor’s degree required, with desire to pursue an MBA
  • FINRA Series 7 securities registration a plus
  • Advanced Microsoft Office (Excel, Word, PowerPoint) skills

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. Come join us on the pathway 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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