Role Overview for Managing Director, Private Wealth with a Global Brokerage – Miami, FL
JRG Partners is proud to partner with a premier global brokerage firm in its search for an exceptional and visionary Managing Director to lead their Private Wealth Management division in the vibrant and strategically critical market of Miami, Florida. This is a rare and compelling opportunity for a seasoned leader to take the helm of a high-performing team, drive exponential growth, and shape the future of wealth management for Ultra-High-Net-Worth (UHNW) individuals, families, and institutions in one of the world’s most dynamic financial hubs.
The Managing Director will serve as the senior executive for the Miami office, embodying the firm’s commitment to excellence, integrity, and bespoke client service. You will be responsible for the overall strategic direction, financial performance, and operational integrity of the practice. This role demands a unique blend of inspirational leadership, sophisticated financial acumen, and an unwavering dedication to client success. You will be tasked with not only managing and mentoring a team of elite Financial Advisors but also with actively engaging in high-level business development, cultivating relationships with key centers of influence, and acting as the face of the firm in the South Florida community. The ideal candidate is a proven rainmaker and a strategic thinker who can navigate complex market dynamics while fostering a culture of collaboration, innovation, and unwavering ethical standards. This position offers a significant platform for professional growth, industry recognition, and substantial financial reward, all while being at the forefront of the wealth management industry’s evolution.
Key Responsibilities of Managing Director, Private Wealth with a Global Brokerage – Miami, FL
Strategic Leadership & Business Growth
Develop and execute a comprehensive business plan for the Miami office, setting ambitious goals for asset acquisition, revenue growth, and market share expansion. Identify and capitalize on new market opportunities within the UHNW and family office segments.
Team Management & Development
Lead, mentor, and inspire a team of Private Wealth Advisors and support staff. Foster a high-performance culture through continuous coaching, professional development, and performance management. Actively participate in the recruitment, hiring, and retention of top-tier advisor talent to expand the team’s capabilities.
P&L Management
Assume full responsibility for the office’s profit and loss (P&L) statement. Manage budgets, control expenses, and optimize resource allocation to ensure profitability and sustainable growth in alignment with the firm’s overall financial objectives.
Client Relationship Management
Serve as the senior relationship manager for the office’s most significant UHNW clients. Provide expert guidance and sophisticated advice on complex wealth management issues, ensuring the highest level of client satisfaction and retention. Act as an escalation point for complex client situations.
Business Development & Market Presence
Proactively build and maintain a strong network of contacts, including attorneys, accountants, and other centers of influence, to generate a robust pipeline of new business. Represent the firm at industry conferences, community events, and philanthropic functions to enhance its brand and reputation in the Miami market.
Risk Management & Compliance
Uphold the highest standards of regulatory compliance and ethical conduct. Ensure that all office activities adhere to firm policies and industry regulations, including those set forth by FINRA and the SEC. Oversee all supervisory functions to mitigate operational and reputational risk.
Investment Strategy & Oversight
Collaborate with the firm’s central investment committee and product specialists to deliver sophisticated, customized investment solutions to clients. Provide oversight and guidance to advisors on portfolio construction, asset allocation, and risk management strategies tailored to the complex needs of UHNW clients.
Collaboration & Integration
Work closely with partners across other divisions of the firm, such as Investment Banking, Asset Management, and Trust Services, to deliver the full breadth of the firm’s capabilities to clients in a seamless and integrated manner, thereby deepening client relationships and uncovering new revenue streams.
Requirements for the Managing Director, Private Wealth with a Global Brokerage – Miami, FL
Extensive Industry Experience
A minimum of 15 years of progressive experience in the private wealth management industry, with a demonstrable track record of success in serving UHNW clients.
Proven Leadership
At least 5-7 years of direct management experience, leading, recruiting, and developing teams of successful Financial Advisors. Proven ability to drive team performance and foster a collaborative environment.
Strong Business Acumen
A significant and portable book of UHNW client relationships is highly preferred, or a clear and documented history of substantial net new asset growth in a leadership capacity.
Deep Market Knowledge
Comprehensive understanding of global financial markets, asset classes, alternative investments, and sophisticated wealth planning techniques, including trust and estate planning, tax optimization, and philanthropic strategies.
Required Licenses
Active and in good standing FINRA Series 7, 66 (or 63 & 65), and 9/10 (or 24) licenses are mandatory.
Educational Background
A Bachelor’s degree in Finance, Economics, Business, or a related field is required. An MBA or other advanced degree is strongly preferred.
Professional Designations
Professional certifications such as Certified Financial Planner (CFP®), Chartered Financial Analyst (CFA®), or Certified Private Wealth Advisor (CPWA®) are highly desirable.
Local Network
A deep and established network within the Miami and greater South Florida professional and social communities is a significant advantage.
Exceptional Skills
Superior communication, presentation, negotiation, and interpersonal skills. Must possess the executive presence required to interact effectively with sophisticated clients and senior firm leadership. Fluency in Spanish is a plus.
Benefits & Perks Offered
Our client is committed to attracting and retaining the industry’s best talent by offering a highly competitive and comprehensive compensation and benefits package. We believe in rewarding performance and supporting the well-being of our employees.
Competitive Compensation
An attractive base salary complemented by a lucrative, performance-based bonus structure tied to individual and office-level success.
Comprehensive Health & Wellness
Premier medical, dental, and vision insurance plans for you and your eligible dependents. Access to wellness programs, mental health resources, and fitness subsidies.
Retirement Planning
A robust 401(k) plan with a generous company match to help you build a secure financial future. Access to deferred compensation and other executive-level savings plans.
Generous Time Off
A competitive Paid Time Off (PTO) policy, including vacation, sick days, personal days, and company-paid holidays, to support a healthy work-life balance.
Professional Growth
A strong commitment to your career development, with significant budget and support for continuing education, industry conferences, and obtaining advanced certifications.
Parental Leave
Comprehensive paid parental leave policies to support employees and their growing families.
Corporate Perks
Includes employee discount programs, commuter benefits, and access to exclusive corporate events and networking opportunities.
A Culture of Excellence
The opportunity to work within a prestigious global firm that values integrity, collaboration, and a client-first approach, providing you with the platform and resources to achieve unparalleled success.
How to Apply
JRG Partners is exclusively managing the recruitment for this prestigious opportunity. If you are a results-oriented and visionary leader with a passion for private wealth management and meet the qualifications outlined above, we encourage you to apply.
To be considered for this confidential search, please submit your resume and a cover letter detailing your leadership experience and qualifications. All applications will be treated with the utmost confidentiality.
For more information about our expertise in this sector and to explore other opportunities, please visit our Wealth Management Practice Area page.
Our client is an equal opportunity employer and is committed to creating a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.
