Investment Executive Responsibilities

The effective implementation of investment executive responsibilities not only promises the individual aspiring to establish himself/herself a profitable and a long term business, but also greater independence, freedom, and better financial rewards. The investment executive should be able to grab potential clients and help in achieving the financial goals as well as should be able to satisfy the investment needs and objectives of the clients he/she is working for. He/she may directly interact with the clients and introduce various investment options that would best fit their needs.

Key Responsibilities of an Investment Executive

The most basic responsibility of an investment executive is to gather and compile the financial information of the clients with respect to their remuneration, taxes, insurance, etc., and based on this data, he/she should assess the clients' financial condition and recommend them with proper solutions. He/she conducts meetings with the clients, develops and maintains professional healthy relationship with the existing and prospective clients and sells the financial products to them in such a way so as to boost the sales figures, thereby assisting in achieving the financial goals. To get a better idea, described below are some of the most general responsibilities and duties that are handled by an investment executive:

  1. To be accountable for planning, training, developing, and conducting coaching sessions for the employees of the investment bank
  2. To handle the complex financial profiles of the clients and conduct meetings with them in order to review their existing accounts and close the sales, either jointly or individually
  3. To assess the needs of the clients and to address their issues by prioritizing and delegating the tasks so that they are resolved quickly
  4. To remain updated with all the relevant financial information by reading periodicals through research, self study, etc.
  5. To prepare all the related internal reports and maintain a good follow up on the same
  6. To communicate and coordinate daily with the team members and ensure that they are completing their duties with utmost commitment and dedication

In addition to the above responsibilities, the individuals in this profession conduct internal and external seminars, delegate the work according to the work load, and prioritize it according to the urgency levels. He/she should be able to project himself/herself as a coach and should guide the team members to progress towards achieving the established objectives and goals. He/she coordinates the sales appointments, prepares all the necessary and relevant paperwork, initiates paperwork that may involve cancellations, withdrawals, surrenders, etc., and makes presentations to ensure success. He/she is expected to achieve the assigned goals, maintain effective working relationship with all the employees and make effective utilization of the information to enhance the sales figures by ensuring compliance with all the rules, policies, and regulations.

Essential Skills and Abilities

To be the best investment executive, an individual should have excellent oral and written communication skills with strong attention to detail and with the proven ability to handle multiple priorities. Strong interpersonal skills, good presentation skills, excellent organization and planning skills, quick learner, and good researching skills are some of the other essential skills required by an investment executive. Some of the other desirable qualities that the client would like to have in this professional is a sense of reliability, creditability, dependability, trustworthiness, honesty, etc., demonstrated with high levels of integrity.

Educational Background

Any individual who has completed a bachelor's degree from an accredited college or university in a relevant field like banking, accounting, financial services, etc., is eligible to apply for this position. Those with FINRA Series 7 and FINRA Series 63/65 or FINRA Series 66 would definitely get preference. Demonstrated work experience will help in getting the desired job more easily.

Work Schedule

The professional in this field generally works Monday through Friday during standard business hours and may need to work overtime in case there is tremendous pressure of work.

Salary Details

A typical investment executive may earn a minimum salary of $126,000, whereas the maximum can go up to $400,000. The average remuneration package is generally close to the range of $244,000.

Career Prospects

This industry offers many opportunities for career growth and development. Those who have exceptional abilities and are ready to work hard can climb up the ladder to the highest level and become the partner or the director of the organization he/she is working for.

Thus, those who are able to shoulder the investment executive responsibilities efficiently can definitely be assured of a lucrative and a rewarding career ahead.

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