Prem Madhani
Summary
Accredited Financial Planner with a PFP Designation granted through Canadian Securities Inc. (CSI). Strong background in wealth management and strategic financial consulting. Results-oriented professional with a proven track record of guiding clients towards financial success through comprehensive planning and investment strategies. Possesses exceptional communication skills for building trusted client relationships. Committed to staying abreast of industry trends and regulations for optimal client outcomes.
Overview
3
3
years of professional experience
1
1
Certification
Work History
Financial Planner - Investment & Retirement Planner
Royal Bank Of Canada
10.2023 - 10.2024
- Conducting in depth assessments of client's financial situations, goals, and risk tolerance to develop customized financial plan
- Creating comprehensive financial plan that encompass investment strategies, retirement planning, tac management and estate planning
- Overseeing portfolio of High-Net-Worth client on regular basis and meeting them periodically for reviewing the alignment of investment objective and implemented financial plan
- Make changes depending on change in life stage of client
- Primary focus on consolidating external assets of Existing investment client and New Investment Client to RBC
- Total sales FY 2024, $27 Million
- Additional $6 Million business referred to Mortgage Specialist within RBC
- Identified 80% of leads for additional business for branch partners (Bank accounts, credit cards, Line of Credit, Etc.,)
- 100% Net Promoter Score ranking from our clients with regard to Prem's Services
- Helping clients plan for a secure retirement (Retirement Planning) by estimating future expenses, recommending savings strategies, and optimizing retirement account withdrawals
- Along with Retirement planning, advice and recommendations are given on Tax Planning, Estate Planning and educating clients on recent development in micro and macro economy to help them plan for investments.
Financial Advisor / Manager Delegate
Royal Bank of Canada
10.2022 - 10.2023
- OneRBC mindset and leveraging partners from different units to provide client with holistic advice
- Increased YOY results in volume, Personal Closed volume increase 186%, Partnering Volume (IRP, MS and FP) increased to 111% till date
- Using our own advice capabilities and those of the right partner in the RBC ecosystem to meet our client's entire suite of financial needs, both personal and business
- Providing professional advice and education with an ability to address complex credit and investments, ensuring solutions recommended are appropriate for client needs and financial circumstances
- Championing digital enablement by proactively educating our clients to self-serve, while leading with advice, serving through digital where possible and encouraging our clients to interact with us in their channel of choice
- Collaborating with market-leading professionals in financial planning, retirement planning, mortgages, and business banking experts to ensure clients receive customized and relevant expert advice
- Along with these delegating managerial duties and undertaking full control over management at times when manager is not present
- This includes making decision on deals worth $500,000 and other important operational decisions.
Banking Advisor
Royal Bank Of Canada
09.2021 - 10.2022
- Identifying clients' needs and suggesting a particular account for personal and business clients
- Helping clients to provide solutions with regards to investments as per their age and stage of life
- Understanding the need of the client and advising client regarding various credit product to suit their unique need
- Investigate and resolve enquiries and complaints related to accounts
- Proactively reaching out to clients to let them know about current offers unique to their account, new promotions going with investments, credit and new mortgage accounts
- Compose letters to clients explaining current account status and proposed investment opportunities
- Cash custodian at branch to help frontline with receiving and shipping of cash
- Conducting financial review for mortgage clients to suggest them about Homeline Equity Plan (Refinance) to consolidate high interest debts
- Recipient of Q1 award for OneRBC (Referral for Investment and Mortgage Clients), Maintaining Client Relationship and Deeping Client Relationship with existing client.
Education
Marketing Management - Financial Services - Financial Services
George Brown College
Toronto, ON08.2020
International Business Management - undefined
Fleming College
Peterborough, ON05.2019
Bachelor Of Business Administration (Finance & Marketing) - Finance
Ahmedabad University
Ahmedabad, Gujarat05.2018
Skills
- Account Performance Reviews
- Investment advising
- Investment planning
- Cash Flow Management
- Client Relationship Development
- Market Research
- Financial plan preparation
- Strategic financial planning
- Budgeting expertise
- Investment Consulting and Planning
- Retirement planning
- Wealth Management
- Portfolio Management
- Asset Allocation
- Tax planning
- Referral management
- Estate Planning
Certification
- Life License Qualification Program, 11/2020, Durham College
- Investment Funds in Canada (IFIC), 01/2021, Canadian Securities Institute
- Personal Financial Planner, 02/2024, Canadian Securities Institute
Languages
English
Bilingual or Proficient (C2)
Gujarati
Bilingual or Proficient (C2)
Hindi
Advanced (C1)
Timeline
Financial Planner - Investment & Retirement Planner
Royal Bank Of Canada
10.2023 - 10.2024
Financial Advisor / Manager Delegate
Royal Bank of Canada
10.2022 - 10.2023
Banking Advisor
Royal Bank Of Canada
09.2021 - 10.2022
International Business Management - undefined
Fleming College
Marketing Management - Financial Services - Financial Services
George Brown College
Bachelor Of Business Administration (Finance & Marketing) - Finance
Ahmedabad University
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