Senior Wealth Strategist - Tax

What is the opportunity?

The purpose of this position is to provide subject matter expertise, strategic guidance and comprehensive observations focused on the taxation related to individual, estate, business, trust, charitable planning opportunities as well as private and tax managed investment solutions. This person will collaborate with the Wealth Strategies team by providing tax advise to increase PCG holistic planning as part of the core client experience for clients by working with the Financial Advisors (FAs) to leverage their time, talents and resources in gathering and maintaining assets of high-net-worth and ultra-high-net-worth clients during the wealth transfer and business planning process focusing on tax efficiencies for a client's complex financial, individual, estate, gift and charitable planning, personal trust planning, business succession planning, multi-generational planning and strategies for dealing with concentrated equity positions and employee stock options.

In addition, this individual will define product requirements to oversee the development and implementation of tax technology to create efficiencies and consistency of tax observations. Work closely with field leadership, service and support areas within Private Client Group to ensure a collaborative support effort and exceptional client experience. Consulting services which could range from conference calls or personal meetings with Financial Advisors, individual clients and their families, and the client's outside legal and tax advisors. Serve as a subject matter expert developing educational content and conducting client seminars and training sessions for Financial Advisors, other RBC Wealth Management employees, media and outside centers of influence, such as attorneys and Certified Public Accountants.

What will you do?

• Product Management and Strategy (20%)
  • Define product vision, roadmap, and prioritization of features for tax observation tools
  • Gather requirements from Wealth Strategies team, Financial Advisors, their clients and other internal stakeholders
  • Oversee product lifecycle from conception through launch and optimization
  • Monitor legal and regulatory changes that affect the tax technology including market trends and competitive offerings.
• Comprehensive tax observations and discussion of solutions pertaining to business, wealth and transfer planning for high-net-worth and ultra-high-net-worth clients (50%)
  • Drives adoption of financial planning approach by focusing on tax efficiencies for the RBC Wealth Planning Platform
  • Focus on business development by assisting financial advisors identify opportunities in their book of business focused on business owners as well as their Centers of Influence
  • Provides insights on observations and generates recommended solutions in proposals focusing on client's wealth transfer goals and objectives, including estate, charitable and business succession planning solutions, helps recruit advisors and close business.
  • Develops and promotes sales ideas and effective business practices, works with advisors to identify opportunities and capture money in motion
  • Delivers the RBC planning client experience to clients with significant wealth and complex needs.
  • Consults with advisors on complex planning cases, provides tax insights focused on efficiencies for estate, insurance and business succession planning and trust reviews.
  • Conducts "point of sale" presentations with advisors to help drive holistic wealth planning and solutions, coordinates other support as needed
• Content and educational contribution (20%)
  • Contributes and develops original thought leadership content that will be utilized by clients, media, Financial Advisors and the firm to provide insights and a view on specific themes and planning concepts.
  • Conducts targeted training and development programs.
  • Contributes content and presents on various topics integral to training and development deliverables for the wealth planning team, the client strategies team and across the firm.
• Financial Advisor Development (10%)
  • Assists, trains and motivates FAs on key tax, financial and planning concepts and product solutions to gather assets of high-net-worth and ultra-high-net worth clients
  • Proactively identifies short and long-term business-building activities for individual FAs and teams.
  • Contacts top producing FAs regarding new sales, prospecting and training ideas
  • Develops and follows a regular communication plan to support Divisional Directors, Complex Directors, Branch Directors and target FAs.
  • Manages and tracks and reports weekly travel, business activities and CRM requirements

What do you need to succeed?

Must-have

• Bachelor's degree in business or related field, advanced degree preferred
• 15+ years Financial Services industry experience
• 10+ years of in-depth tax expertise
• Securities industry licenses 7 and 66 (or 7, 63 and 65)
• Experience with design and implementation of training programs
• In-depth knowledge of the financial services industry and branch office/financial advisor responsibilities
• Strong analytical skills
• Excellent oral and written communication skills including advanced presentation skills
• Strong customer service focus
• JD and/or CPA

Nice-to-have

• MBA
• CFP, CPWA, CLU and/or ChFC designation
• Insurance Advanced Marketing experience

What's in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Flexible work/life balance options
• Opportunities to do challenging work

• Opportunities to take on progressively greater accountabilities
• Access to a variety of job opportunities across business

The expected salary range for this particular position is $90,000-$160,000, depending on your experience, skills, and registration status, market conditions and business needs.

You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC's high-performance culture
• Enables collective achievement of our strategic goals
• Generates sustainable shareholder returns and above market shareholder value

Job Skills

Additional Job Details

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.