Trainee Wealth Manager

About the Role

This is a challenging and highly demanding position that requires exceptional resilience and a strong work ethic. The Trainee Wealth Manager role begins with learning how to generate activity and create inbound and outbound leads within the specific areas of financial planning Hoxton specializes in. It is not for the faint-hearted and requires unwavering commitment.

Candidates must be prepared for a phone-based role for a minimum of the first two years, making at least 100 calls daily and securing at least one booking per day as a non-negotiable minimum standard.

Throughout the role, you will be exposed to various facets of the wealth management industry, including investment management, paraplanning, client servicing, and technical advice. There are performance-based monthly incentives for those who consistently deliver results.

This role begins as a trainee position with a 24-36 month training program, including obtaining UK financial qualifications to prepare you for a financial advisory role in one of our global offices. Additional qualifications may be required depending on your chosen region. The program starts with six months of structured training in our UK office, followed by relocation to our Dubai office, where you will receive further mentorship and hands-on experience.

Key Skills and Attributes

To excel in this demanding role, you will need:

• Resilience and Grit: The ability to push through tough challenges, including rejection, and maintain unwavering determination.
• Confidence and Competitiveness: A competitive spirit, often demonstrated through high-level sports or other pursuits, paired with self-assurance.
• Willingness to Learn: A hunger for knowledge and growth, supported by examples of past learning and self-improvement.
• Hardworking Nature: A proven track record of dedication and the ability to thrive in a high-pressure environment.
• Effective Communication: A clear, professional, and articulate telephone manner.
• Intelligence and Education: A minimum of sixth-form or college education to support financial comprehension.
• Discipline and Organization: A structured approach to daily tasks and routines, with the ability to stick to demanding schedules.
• Entrepreneurial Drive: Initiative and a proactive mindset to tackle challenges and identify opportunities.
• Simplicity in Communication: The ability to convey complex concepts in a straightforward, concise manner.
• Professional Appearance: A clean, polished, and professional demeanor.
• Persistence and Assertiveness: A fearless, forward approach to achieving goals.

Salary and Progression

This is a structured three-year program with clear milestones and incentives:

Year One

• Salary: £24,000
• Commission: 5% gross commission on £0-£100,000; 10% on £100,000+ (rolling 12 months)
• Benefits: Visa and medical provided upon relocation to Dubai.

Year Two

• Salary: £26,400
• Commission: 10% gross commission on £100,000+ (rolling 12 months)
• Benefits: Visa and medical provided in Dubai.

Year Three

• Salary: £28,800
• Commission: 10% gross commission on £100,000+ (rolling 12 months)
• Benefits: Visa and medical provided in Dubai.

Performance Expectations

To succeed, candidates must consistently meet these minimum weekly standards:

• 500 dials
• 5 hours of talk time
• 5 booked meetings
• 3 sat meetings

Three-Month UK Training Program

• Target: £1,000,000 AUM / 4 new clients

Six Months

• Target: £3,000,000 AUM / 6 new clients / £40,000 revenue

Year One

• Target: £6,000,000 AUM / 16 new clients / £100,000 revenue

Year Two

• Target: £6,000,000 AUM / 25 new clients / £200,000 revenue

Year Three

• Target: £7,500,000 AUM / 30 new clients / £250,000 revenue

Upon completion of this program, successful candidates will transition to a Pathway Financial Planner role, a salaried advisory position with comprehensive training for seamless advancement into financial advice.

This role is not for everyone, but for those with the resilience, determination, and ambition to succeed, it provides a unique opportunity to build a rewarding career in wealth management with international exposure.

Learn more about the financial planning space https://www.skool.com/hoxtonlife