Broker Check

Job Opening: Chief Operating Officer and Wealth Advisor of TrueWealth Advisors, LLC

Job Description: Responsible for the day-to-day operations of major operating functions, which includes client relationship management, legal, HR, technology, compliance and office administrative support. Has a key role in developing operating policies and implementing inorganic and organic growth strategies.

Effective: 07/01/2019

Annual Compensation: $85,000

Annual Bonus Structure: discussed with applicant

Operational Responsibilities:

  • Oversight and improvement of all day-to-day operations including Technology, Compliance, Human Resources, Administration, Operations, and service for the RIA and relationship with BD.
  • Create growth strategies and goals for organic and inorganic growth.
  • When possible, identify new revenue streams (outsourced model management).
  • Development and oversight of policies & procedures that ensure compliance with statutes and regulations.
  • Development and refine workflow processes and institutionalize client on-boarding processes; further processes to refine will be reporting, billing, trading and client review processes.
  • Assists in the development and monitoring of performance metrics that assess program efficiencies, and the implementation of improvements.
  • Oversight of procurements of professional services and with particular knowledge of applicable State laws and regulations.
  • Oversees FINRA and SEC audits for the BD relationship and RIA as well as independent audits.
  • Implements human resources programs by providing human resources services, including talent acquisition, staffing, employment processing, compensation, health and welfare benefits, training and development, records management, safety and health, employee relations and retention. Develop processes for identifying and retaining top talent in our industry.
  • Improves manager and employee performance by identifying and clarifying problems; evaluating potential solutions; implementing selected solution; coaching and counseling managers and employees.
  • Completes special projects by clarifying project objective; setting timetables and schedules; conducting research; developing and organizing information; fulfilling transactions.
  • Manages company expectations by communicating project status and issues; resolving concerns; analyzing time and cost issues; preparing reports.
  • Enhances department and organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments.
  • With the Chief Compliance Officer, ensures adherence to business, compliance, regulatory, and processing benchmark requirements.
  • With the Chief Compliance Officer, manages and implements compliance, regulatory policies and procedures and develops and maintain corrective action plans in response to compliance, audit or agency findings.
  • With the Chief Compliance Officer, updates written procedures and compliance relegations.
  • With the Chief Compliance Officer, reviews the quality of new account and account maintenance processes and supervises team responsible for the accurate and timely processing of proprietary advisory new account business and maintenance.
  • With the Chief Compliance Officer, reviews and approves new account applications from RIA & broker dealer distribution channels to ensure all business, compliance, and regulatory requirements are met.
  • With the Chief Compliance Officer, performs branch audits to comply with standards and responds to inquiries and resolves issues with field representatives, internal departments, and clearing firms.
  • With the Chief Compliance Officer, monitors licensing and continuing education requirements.
  • With the Chief Compliance Officer, conducts client file reviews and monitors incoming and outgoing sales material correspondence.
  • With the Chief Compliance Officer, manages individual and firm registration requirements.

Position Requirements:

  • Bachelor's degree and 5 to 7+ yrs. relevant business experience.
  • Must be a Certified Financial Planner (CFP) or Chartered Financial Analyst (CFA)
  • Experience with governmental and regulatory agencies, with proven experience in passing audits and surveys by those agencies.
  • Experience managing teams inside RIA and/or BD.
  • Strong knowledge of SEC and FINRA rules and regulations.
  • Strong knowledge of investment products

Join our growing team!