The Anderson Search Group | June 2024 Updates

In the world of commercial banking and private client advisory, attracting and retaining top talent requires more than just a competitive salary. The Anderson Search Group understands the importance of offering a comprehensive benefits package that resonates with professionals in the banking industry and includes the most popular benefits.

Here, we delve into the most sought-after benefits that commercial bankers and private client advisors prioritize when considering a job.

Read the full article here

Why Great Private Client Advisors
Leave

No one is immune to the frustrations, red tape, and added bureaucracy that advisors are experiencing at the big firms. You might think that the largest producers would be insulated from many of the headaches or they would be exempt from the effects of management-to-the-lowest-common-denominator. Surprisingly, though, in most cases, they are not. Instead, many are changing firms to gain greater autonomy and control… Read More

Unveiling the Blueprint for High-Performance Private Wealth Management Teams

Did you know that high-performance teams in this sector can outshine their peers by up to 30% in revenue generation? In fact, a recent McKinsey report stated that they “achieve roughly 30 percent higher revenue growth than both Performance-Driven and People-Focused Companies for every dollar they invest in compensation and organizational overhead.” Read More

Wealth Advisor
Houston, Texas

• 7+ years wealth management experience focused on new business development in Houston in the HNW/UHNW space

• CFP preferred but not required
• Must be hold series 7 and 66 and Texas Life and Health Insurance with clean U4
• Client prefers a candidate with a portable book over the first 2-4 years

First Vice President, Treasury Management Sales Manager
Little Rock, Arkansas

• 5+ years of successful treasury management sales experience

• Sales management/leadership experience preferred
• Proven track record for exceeding revenue and new deposit goals
• CTP preferred but not required

Private Banking Relationship Manager
Denver, Colorado

• Formal Credit Training

• 5+ years experience in custom credit/tailored credit underwriting and/or structuring for high-net-worth individuals
• Experience managing a portfolio of custom credit/tailored credits and engaging clients

Private Banking Relationship Manager
Boston, Massachusetts

• Formal Credit Training

• 5+ years experience in custom credit/tailored credit underwriting and/or structuring for high-net-worth individuals
• Experience managing a portfolio of custom credit/tailored credits and engaging clients

Business Banking Relationship Manager Nashville, Tennessee

• Credit Training

• Deep connectivity and extensive network in and around Nashville – MUST be able to source their own new loans and deposits and demonstrate a proven track record for new business development in the market
• Proven experience and track record sourcing C&I and CRE loans up to $1 million in size and with companies $5 million in annual revenue and below
• 2+ years business banking experience in Nashville
• Must be able to office out of the Madison office

Business Banking Relationship Manager
Miami Beach, Florida

• Credit Training

• Deep connectivity and extensive network in and around Miami – MUST be able to source their own new loans and deposits and demonstrate a proven track record for new business development in the market
• Proven experience and track record sourcing C&I and CRE loans up to $1 million in size and with companies $5 million in annual revenue and below
• 2+ years business banking experience in Miami

First Vice President, Corporate/Middle Market Treasury Management Sales Manager
Houston, Texas

• 5+ years of successful treasury management sales experience

• Sales management/leadership experience preferred
• Proven track record for exceeding revenue and new deposit goals
• CTP preferred but not required

Sacramento Senior Wealth Advisor

• 30+ years of Wealth Management and Private Banking experience in the Sacramento market

• Advisory Experience working with HNW Clients with $2 million+ in investable assets
• Average client size is $5 million – $8 million in investable assets
• Experience Building/Managing a portfolio of $60 million+
• Current Portfolio: $88 million AUM, $100 million deposits, $35 million in private banking loans/credits
• Fully Licensed, Series 6, 63, 65 or 66, life and health
• CRPC and CWS designations
• Series 7, 65, life/health

Sacramento Wealth Advisor

• 10+ years of Private Wealth Advisor and Private Banking experience

• Average client size is $2 million – $3 million in investable assets
• Largest client is $21 million in investable assets
• Portfolio $160 million – $200 million in managed assets – 75% – 80% self-sourced
• Current book 30% Treasury Bills, 60%- 65% fee based planning
• Graduating with MBA degree Oct 2024
• Sitting for CPA Exam winter 2024
• Series 6, 7, 63, 65, life/health

Denver Credit Leader

• 20+ year Market Credit Leader

• Managed up to $2 billion in commitments and approximately 100 relationships
• Served as the first line credit approver leading deal structuring with direct oversight of overall credit administration and portfolio monitoring for the Colorado Middle Market Banking segment
• Supporting Middle Market Commercial Banking Teams with client annual revenues between $100 million – $1 billion
• Experience developing, coaching, and managing both Underwriting and Portfolio Management Teams
• Loan approval authority up to $15 million
• Expert in portfolio management monitoring, risk management, ratings, on-time reporting, audits, compliance, etc…

Miami Business Banker

• Senior Business Banker with 10 years of experience

• Doing CRE and C&I deals between $1 million – $10 million
• Types of loans include owner occupied CRE, term loans, working capital, equipment loans, and lines of credit
• Consistently doing $30 million – $40 million in loan production annually – Approximately 30% is self-sourced from COI’s outside of the bank
• Client size ranges from $5 million – $50 million in revenue
• Specializes in licensed professionals like doctors, lawyers, and engineers
• 30% of her clientele base is manufacturers and wholesalers
• Covers Miami-Dade and Broward counties
• Currently manages 3 small business bankers
• Formally credit trained and certified
• Circles of Influence include CPA’s, real estate agents, lawyers, and small businesses

What are competitive salaries in Commercial Banking and Private Wealth?

To assist Commercial Banking and Private Wealth institutions in remaining competitive and current, The Anderson Search Group has produced this guide, which aids employers in evaluating their compensation rates and implementing adjustments to enhance both retention and hiring efforts. It is essential to provide attractive remuneration packages, and we have compiled the most comprehensive market information on the commercial banking and private wealth industry in this exclusive report, which can be instantly downloaded.

Read our salary report now. Available via instant download.

We are a Boutique Commercial Banking and Private Wealth Executive Search Firm specializing in placing elite commercial banking and private wealth talent with the nation’s finest financial institutions.

www.andersonsearch.com