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Wealth and Tax Planning Consultant

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BMO

10d ago

  • Job
    Full-time
    Senior & Expert Level
  • Consulting
    Banking & Finance
  • Markham
  • Quick Apply

AI generated summary

  • You need a CPA, 5-9 years of experience with HNW/UHNW clients, proficiency in Mandarin/Cantonese, strong analytical and communication skills, and knowledge of wealth planning strategies.
  • You will provide tailored wealth and tax planning advice to high-net-worth clients, collaborate with teams, develop complex financial plans, and stay updated on industry trends and regulations.

Requirements

  • - Completion of Chartered Professional Associate (CPA)
  • - Mandarin/Cantonese language skills
  • - Typically between 5 - 9 years of relevant experience and a University degree in relevant field of study
  • - Post-graduate degree is desirable
  • - Relevant professional designation is considered an asset
  • - Experience dealing with HNW/UHNW clients
  • - Proven track record in developing and growing a profitable financial or related client services business
  • - Extensive knowledge and technical proficiency related to wealth planning strategies, issues and trends
  • - Broad knowledge of financial institutions, services and products
  • - Broad knowledge of investment management principles, economics and financial markets
  • - Seasoned professional with a combination of education, experience and industry knowledge
  • - Verbal & written communication skills - In-depth / Expert
  • - Analytical and problem solving skills - In-depth / Expert
  • - Influence skills - In-depth / Expert
  • - Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert
  • - Able to manage ambiguity
  • - Data driven decision making - In-depth / Expert

Responsibilities

  • Provides customized advice and specialized planning services to HNW/UHNW client segments.
  • Facilitates/participates in goals-based discovery process directly with clients, and ensures standards relative to data capture and plan creation are met thereafter to maintain effective knowledge management within business/group.
  • Demonstrates a consultative and collaborative value-added approach in client conversations, acting as a member of a client strategy team to facilitate the desired client experience.
  • Applies well-developed consultative sales and wealth planning principles, practices and techniques in client interactions.
  • Acts as a subject matter expert in area(s) of specialized planning, including regulations and policies, to properly assess and provide insights and solutions to clients.
  • Leverages financial analysis in the development of detailed and complex financial plans.
  • Consults with clients and their external advisors on complex issues, as required.
  • Provides commentary and awareness on emerging trends and new legislation through articles, case laws, and advanced planning solutions.
  • Develops content in the area(s) of specialized planning for use as training material, internal resource material and client-facing material.
  • Leads/participates in the development/presentation of educational programs in the area(s) of specialized planning within BMO and to clients.
  • Develops/maintains internal and external networks and referral sources to ensure ongoing growth of the business.
  • May network with industry contacts to gain competitive insights and best practices.
  • Protects the Bank’s assets by adhering to all banking and investment regulations, Bank policies and procedures, legal and ethical requirements and regulations, process requirements, and established risk guidelines.
  • Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
  • Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
  • Implements changes in response to shifting trends.
  • Broader work or accountabilities may be assigned as needed.

FAQs

What qualifications are required for the Wealth and Tax Planning Consultant position?

The position requires a completion of the Chartered Professional Associate (CPA) designation. A university degree in a relevant field is also required, and a post-graduate degree is desirable.

Is experience with high-net-worth clients necessary for this role?

Yes, experience dealing with high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients is required for this position.

What kind of benefits does BMO Financial Group offer?

BMO Financial Group offers a total compensation package that includes health insurance, tuition reimbursement, accident and life insurance, retirement savings plans, performance-based incentives, discretionary bonuses, and other perks. More details can be found at their benefits page.

Are there opportunities for professional development within this role?

Yes, the role involves developing and leading educational programs, and BMO supports employees with tools and resources for growth and training.

Is proficiency in Mandarin or Cantonese preferred for this position?

Yes, Mandarin or Cantonese language skills are considered an asset for this role.

What salary range can a candidate expect for this position?

The salary range for this position is between $78,400.00 and $145,600.00, depending on factors such as location, skills, experience, education, and qualifications.

Does BMO offer a commission structure for this role?

Yes, the salary may include a commission structure, and the salary listed represents BMO Financial Group’s expected target for the first year in this position.

What is the work environment like at BMO Financial Group?

BMO fosters a collaborative and inclusive workplace where employees are valued, respected, and heard, and encourages growth and impact from day one.

Are there specific skills required to excel in this role?

Yes, candidates should possess in-depth communication, analytical, problem-solving, influence, and collaboration skills, along with the ability to manage ambiguity and make data-driven decisions.

How does BMO support diversity and inclusion within the workplace?

BMO is committed to creating an inclusive, equitable, and accessible workplace, recognizing that learning from each other's differences strengthens the organization. Accommodations are available upon request for candidates during the selection process.

BMO

Finance
Industry
10,001+
Employees
1817
Founded Year

Mission & Purpose

At BMO, banking is our personal commitment to helping people at every stage of their financial lives. The truth is, people’s needs change: so we change too. But we never change who we are. Which means we’ll never waiver from providing our customers the best possible banking experience in the industry. Our incredible team of over 46,000 people is just the tip of the iceberg. You should get to know us. We’re here to help.