Senior Advisor, Supervision- Investment Advisory

Job Description Summary

The Advisory Supervision team provides fiduciary oversight of Investment Adviser Representatives (IARs) in accordance with SEC regulations and guidelines as well as firm policies governing advisory accounts. A Senior Advisor, general investment advisory is expected to conduct reviews which can include – fiduciary and investment advisory reviews consistent with the Investment Advisers ACT of 1940, IAR planning/meetings with clients, analyze data, and directly communicate with IARs regarding their findings.

Some guidance is provided to perform varied work that is comprehensive in nature, and which requires evaluation, originality, and ingenuity to make moderately complex decisions. The candidate will need to resolve and/or recommend solutions to complex problems. Leads defined work or projects which may entail considerable scope and complexity. Maintains extensive contact with internal customers to identify, research, and resolve problems.

The Senior Advisor in this role will support Raymond James’ Private Client Group to analyze various supervisory and general fiduciary reviews to detect trends and possible rules violations to ensure adherence to securities industry regulations and firm expectations to limit firm liability. Responsible for advanced review and resolution by effectively communicating and partnering with Private Client Group IARs on sensitive issues and manages conflict in line with the firm’s culture and strategy.

May train and mentor new or less experienced team members. Works independently on difficult assignments that are broad in nature requiring originality and ingenuity and provides comprehensive solutions to complex problems. Leads defined work or projects of moderate scope and complexity.

Job Description

Job Summary:

The Advisory Supervision team provides fiduciary oversight of Investment Adviser Representatives (IARs) in accordance with SEC regulations and guidelines as well as firm policies governing advisory accounts.   A Senior Advisor, general investment advisory is expected to conduct reviews which can include – fiduciary and investment advisory reviews consistent with the Investment Advisers ACT of 1940, IAR planning/meetings with clients, analyze data, and directly communicate with IARs regarding their findings.

Some guidance is provided to perform varied work that is comprehensive in nature, and which requires evaluation, originality, and ingenuity to make moderately complex decisions. The candidate will need to resolve and/or recommend solutions to complex problems. Leads defined work or projects which may entail considerable scope and complexity. Maintains extensive contact with internal customers to identify, research, and resolve problems.

The Senior Advisor in this role will support Raymond James’ Private Client Group to analyze various supervisory and general fiduciary reviews to detect trends and possible rules violations to ensure adherence to securities industry regulations and firm expectations to limit firm liability.  Responsible for advanced review and resolution by effectively communicating and partnering with Private Client Group IARs on sensitive issues and manages conflict in line with the firm’s culture and strategy.
 

May train and mentor new or less experienced team members. Works independently on difficult assignments that are broad in nature requiring originality and ingenuity and provides comprehensive solutions to complex problems. Leads defined work or projects of moderate scope and complexity.

Essential Duties and Responsibilities:

• Uses knowledge to have conversations with advisors on their use of Discretion, including approval and ongoing qualifications of the discretion platform

Monitors the sales practices, fiduciary and investment advisory activities of advisors and branch managers through the use of various reports and systems.
• Interfaces with specific business platform sales management associates to inform them of any supervisory concerns that may arise with advisors and branch office managers and work together with them to address these concerns as well as to resolve any conflicts that may arise related to client accounts of the advisors and branch managers.
• Monitors and keeps up to date with securities/advisory regulations and applies them accordingly.
• Interprets, applies and recommends changes to organizational policies and procedures.
• May consult independently with advisors and branch managers and recommend actions to ensure compliance with existing rules and regulations as well as prevent potential liability.
• Uses financial data and performance indicators to propose and/or assist with establishing control mechanisms and other improvement initiatives. Identifies trends and assists with implementing correct