Thayer Partners is seeking an experienced, growth-oriented Wealth Manager to join our firm through a tuck-in acquisition.
This is more than a traditional employment opportunity. It is an opportunity to monetize the value you have already created, become an equity owner in a rapidly growing independent Registered Investment Advisor, inherit established client relationships, and continue growing with the support of a larger firm.
Today, Thayer Partners manages approximately $1 billion in client assets and has built its reputation by partnering with growth-oriented advisors. We believe advisors should participate in the growth of the enterprise that they help create.
WHO WE ARE LOOKING FOR
This opportunity is specifically intended for an established advisor who meets the following nonnegotiable requirements:
- A transferable book of HNW client relationships generating at least $150,000 in recurring annual revenue
- A clean Form U4 and satisfactory regulatory history
- CFP® certification in good standing or active progress toward certification with at least one CFP® education module completed
- An active Series 65 license
WHAT THIS OPPORTUNITY PROVIDES
- Buyout bonus based on the first-year revenue successfully transitioned to Thayer Partners through a combination of cash & equity
- The opportunity to participate in the continued growth of an approximately $1B RIA within a collaborative, entrepreneurial environment
- A full-time W-2 position with a competitive benefits package and unlimited vacation
- A minimum base salary of $80,000 plus performance-based incentive compensation based on AUM, new households, and other key metrics
- Responsibility for a portion of Thayer’s existing, well-established client households
- Participation in the Thayer Growth Program to accelerate organic growth
- Ongoing coaching from a dedicated Growth Trainer
- Operational, compliance, investment, client service, and marketing support.
- A fully remote work environment, with an East Coast location preferred
ABOUT THE OPPORTUNITY
Upon offer, the advisor will join Thayer Partners as a full-time W-2 Wealth Manager and continue serving the client relationships they have built. They will also assume responsibility for a portion of Thayer’s existing client households, providing an additional foundation for relationship development and future growth.
This opportunity is designed for an entrepreneurial advisor whose practice is growing but who recognizes the opportunity to grow faster with greater scale, expanded resources, dedicated coaching, and proven growth strategies.
Candidates may currently be affiliated with an independent advisory firm, broker-dealer, wirehouse, bank, or another wealth-management firm.
KEY RESPONSIBILITIES
Client Relationship Management
- Serve as lead advisor to existing, inherited, and newly transitioned client households
- Build strong relationships with inherited Thayer households and identify opportunities to deepen those relationships
- Deliver comprehensive financial-planning and investment-management services
- Successfully transition and retain acquired client relationships
- Maintain high standards of client service, satisfaction, and retention
- Collaborate with clients’ attorneys, accountants, and other professional advisors
- Uphold Thayer Partners’ fiduciary standards and client-experience model
Business Development and Growth
- Grow assets under management through referrals and new-client acquisition
- Cultivate relationships with centers of influence and professional referral partners
- Participate in appropriate networking, business-development, and community-engagement activities
- Use the Thayer Growth Program, dedicated Growth Trainer, and proven growth strategies to accelerate organic growth
Financial Planning and Advisory Services
- Develop customized wealth-management strategies based on each client’s needs
- Provide guidance related to retirement, investments, taxes, estate planning, insurance, and cash flow
- Review and monitor client portfolios, financial plans, and planning recommendations
- Coordinate with Thayer’s investment, planning, compliance, marketing, and operational teams
REQUIRED QUALIFICATIONS
- Transferable retail client relationships generating at least $150,000 in recurring annual revenue
- Clean Form U4 and satisfactory regulatory history
- CFP® certification in good standing or active progress toward certification with at least one CFP® education module completed
- Active Series 65 license
- Bachelor’s degree
- At least three years of client-facing wealth-management experience
- Experience serving HNW individuals and families
- Demonstrated ability to attract, retain, and grow client relationships
- Strong relationship-management, communication, and business-development skills
- Ability to work effectively in a remote, collaborative environment
PREFERRED QUALIFICATIONS
- Located east of the Mississippi
- Established centers-of-influence and professional referral relationships
- Demonstrated success with referrals and new-client acquisition
- Experience using major custodial platforms and financial-planning technologies
COMPENSATION, EQUITY, AND ACQUISITION OPPORTUNITY
This is a full-time W-2 position with a minimum base salary of $80,000. Final base compensation will be commensurate with the selected candidate’s experience and qualifications.
Thayer Partners will acquire the selected advisor’s transferable book of business at a 3x multiple based on the first-year recurring revenue successfully transitioned to the firm. The acquisition consideration will include a combination of cash and equity in Thayer Partners, providing both immediate liquidity and the opportunity to participate in the firm’s continued growth. Final terms will be subject to appropriate review and due diligence.
The selected Wealth Manager will also assume responsibility for a portion of Thayer’s existing, well-established client households.
Wealth Managers are eligible to participate in three performance-based incentive programs:
- Quarterly net-new-asset bonus
- Quarterly new-household acquisition bonus
- Annual performance bonus equal to 10% of base salary
The compensation structure is designed to provide meaningful upside for Wealth Managers who successfully retain client relationships, gather new assets, and grow their practices.
BENEFITS AND ADVISOR SUPPORT
- Equity ownership in Thayer Partners
- Competitive W-2 employee benefits
- Unlimited vacation
- Established Thayer client households
- Participation in the Thayer Growth Program
- Ongoing coaching from a dedicated Growth Trainer
- Marketing, operational, compliance, planning, and investment-management support
- Proven client-acquisition and referral-generation strategies
- Collaborative, entrepreneurial environment focused on advisor and client success
IMPORTANT APPLICATION REQUIREMENT
Applicants must have a transferable book of business generating at least $150,000 in recurring annual revenue, a clean Form U4, and either CFP® certification or documented progress toward certification with at least one education module completed. Applicants who do not meet these requirements will not be considered.
Pay: From $80,000.00 per year
Benefits:
- 401(k)
- Employee discount
- Financial planning services
- Flexible schedule
- Flexible spending account
- Life insurance
- Paid time off
- Paid training
- Parental leave
- Professional development assistance
- Referral program
- Retirement plan
- Tuition reimbursement
Application Question(s):
- What is the approximate recurring annual revenue generated by your transferrable book of client relationships?
- Please state whether you currently hold the CFP® certification or are actively pursuing it. If pursing it, how many education models have you completed?
- Does your current Form U4 contain any disclosures?
Experience:
- Wealth Management: 3 years (Preferred)
License/Certification:
Work Location: Remote
