Competency Details ( Wealth Planning Administration ) | Financial Academy

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Jadarat Dictionary

Wealth Planning Administration

Efficiency Technical Competency

Applies knowledge and strategies of account servicing to manage, review and administer proposed wealth planning tools and/or structures, in accordance with the organisation's policies and procedures.

Jadarat Code: T59

Level 1

Demonstrates a basic understanding of the account servicing activities and wealth planning tools. Has basic knowledge of the wealth structure creation processes and the relevant organizational policies and procedures, and the practices involved in conducting client due diligence.

Level 2

Possesses specialised knowledge of the account servicing strategies, wealth planning laws and regulations, and wealth structure creation processes. Assists in administering wealth planning tools and structures and assists the team in the implementation of the proposed wealth planning tools.

Level 3

Applies in-depth understanding of the wealth structure creation processes and the wealth planning laws and regulations, to identify business opportunities and design account plans. Manages the administration of the proposed wealth planning tools and structures and supports the teams in account servicing activities.

Level 4

Uses full expert knowledge base and field experience to drive and oversee the administration of the proposed wealth planning tools and structures. Ensures that the departments/teams fully adhere to the wealth planning laws and regulations, in accordance with the organization's policies and procedures.

Level 5

Applies subject matter expertise across the organization to guide the development and enhancement of the account servicing strategies and wealth structure creation processes. Provides and shares expertise with management and employees on effectively building and managing client relationships towards mutual interest and profitability.