Financial Advisor

Job Title: Independent Financial Adviser

Location: Perth, Ontario, Canada

The position is remote-friendly for day-to-day work, with in-person attendance required for:

• Initial client onboarding appointments. The Adviser must personally gather paperwork, as staff cannot collect SINs or KYC information.
• Client meetings as required. Office space is available for use.

Duration: Full-time

Start Date: There is no fixed start date

Interview Process: 2 Rounds (1st virtual and 2nd In person)

Role Overview

Client is seeking an Independent Financial Adviser to join its branch in Perth, Ontario.

The Adviser will operate and manage their own book of business independently. The role is remote-friendly rather than strictly hybrid. The Adviser can work remotely but will be required to attend in-person client meetings as needed and can expect more in-person work during the initial client transfer and onboarding process.

The compensation structure is commission-based, with the Adviser retaining the net amount after the Client grid payout and branch share.

Key Requirements

• CIRO/equities license, or a mutual fund license with a willingness to upgrade.
• Own a portable book of business worth approximately $30M–$40M in Assets Under Management (AUM).
• The book must be personally owned by the individual Adviser and not by a previous employer.
• No non-compete restrictions that would prevent client transfers.
• Must successfully pass Client background and compliance screening.
• Must be collegial and respectful towards staff. Culture fit is non-negotiable.

Preferred Qualifications

• Proactive business developer who is not reliant on inbound walk-ins.
• Comfortable adapting to technology changes, including Client' planned platform overhaul within two years, which will be AI-driven.
• Located within approximately 45 minutes of Perth, including Smiths Falls, Carleton Place and Stittsville.
• Growth-oriented and interested in continuing to expand their business.

Book Ownership and Licensing Requirements

• The book of business must be owned by the individual Adviser, not their current or previous firm.
• CIRO license is required. MFDA licenses now fall under the CIRO umbrella.
• Mutual fund-only Advisers may join provisionally under a time-limited Client license, subject to the following requirements:
• First securities examination within 260 days.
• Full equities license within 18 months.
• The title assigned after joining will depend on credentials:
• CFP: Wealth Manager.
• Equities license only: Financial Adviser.
• Quebec clients: Financial Investment Adviser.
• No additional certifications are required beyond licensing.

Compensation Structure: The position offers a commission-based compensation structure with no fixed salary or guaranteed draw.

Illustrative Compensation (Non-Guaranteed):

Based on $30M AUM and an average fee of 1%:

• Gross production: Approximately $300K annually.
• Client grid payout at this level: Approximately 75%, resulting in Adviser gross earnings of approximately $225K.
• Branch share: 20–25%, covering rent, assistant salaries and compliance oversight. This is negotiable.
• Adviser net: Approximately $168K–$169K annually at the midpoint.

Additional compensation details:

• Advisers below the $30M–$40M AUM threshold qualify for lower Client grid payouts (approximately 65% or less).
• A joint code option is available for smaller Advisers, combining their production with HM to access a higher payout tier. However, HM’s name will appear on client statements.
• Competing branches pay Advisers approximately 40% at the highest tier.
• No salary, guaranteed draw or employer-paid benefits.

Support and Infrastructure

The Adviser will have access to the following support under the commission split arrangement:

• Shared assistant team handling phones, appointment booking, paperwork processing, account management and financial plans.
• Compliance oversight, with initial-level compliance managed by the client and deeper issues escalated directly to Client.
• Full Client back-office access, including:
• Trust department.
• Financial planning department.
• Insurance department.
• Tax department.
• Insurance commission-splitting is available if the Adviser prefers not to handle insurance in-house.
• Technology currently includes Broadridge, which is being phased out, and Dynamics CRM, which will remain.
• Client reimburses book transfer fees for accounts over $250K.