Advisor Development Program - Financial Solutions Advisor Trainee (Centralized): Midtown Manhattan

Bank of America • New York, NY

1d • Onsite

About The Position

Merrill Wealth Management is a leading provider of comprehensive wealth management and investment products and services. Merrill specializes in goals-based wealth management, including planning for retirement, education, legacy, and other life goals through investment advice and guidance. Merrill’s Financial Advisors and Wealth Management Client Associates help clients pursue their financial goals through personal relationships. The company is committed to an in-office culture with flexibility based on role-specific considerations and values diversity. As a Financial Solutions Advisor within the centralized segment of the Advisor Development Program, the journey begins with obtaining Securities Industry licenses (SIE, Series 7, and Series 66) through dedicated classes. Once licensed, the trainee will learn foundational advisor skills, including acquiring, building, and managing client relationships, understanding complex financial pictures, and guiding clients with advice and solutions. The role involves joining a centralized team as a phone-based licensed advisor, providing holistic financial advice and guidance, identifying product and service solutions, demonstrating investment knowledge, and aligning Merrill and Bank of America offerings. The program provides training and guidance to become a Merrill Financial Advisor, working with affluent and high net worth clients to identify needs, develop relationships, review investment goals, and prepare recommendations. Successful FSAs typically progress to a Merrill Financial Solutions Advisor (MFSA) role within the Advisor Development Program, supported by dedicated programs, tools, and resources.

Requirements

• Obtain your SIE within 60 days of being hired
• Obtain your Series 7 & 66 within 120 Days (63 & 65 accepted, in lieu of 66)
• Display confidence working in a sales role
• Build strong client relationships through effective communication and collaboration
• Display a proactive mindset and effective time management
• Demonstrate a results-driven mindset and prioritize client interests
• Identify appropriate client solutions through application of learnings and new information
• Apply relevant regulatory due diligence in daily activities and creating long-term client strategies
• Subject to SAFE Act registration requirements, including a background check and registration process

Nice To Haves

• Bachelor’s degree and/or a minimum of one year of financial services industry or sales experience
• Learns and adapts to new technology or applications
• Executes multiple tasks simultaneously

Responsibilities

• Obtain Securities Industry licenses (Securities Industry Essentials [SIE], Series 7 and Series 66 Exams)
• Acquire, build and manage client relationships
• Consider a client’s complex financial picture and guide them with advice and solutions to help them live their best financial lives
• Humanize financial interactions
• Provide clients with holistic financial advice and guidance by identifying broader product and service solutions that meet their investment, savings and liability management solutions
• Demonstrate knowledge of investments and financial markets and apply key principles appropriate to the individual client's investment needs
• Align Merrill and Bank of America products and services where appropriate
• Work with both affluent and high net worth clients, identifying needs, developing relationships, reviewing investment goals, and preparing investment recommendations that align with the goals of both existing and prospective clients
• Build a successful career through world-class training and on-boarding programs
• Get training and one-on-one coaching from Academy managers
• Grow business knowledge by using a defined consultative approach with clients to systematically identify client needs and appropriate solutions
• Earn Security Industry Essentials (SIE), Series 7 and Series 66 licenses (63 & 65 accepted, in lieu of 66)
• Build your network by interacting with banking customers, small business owners and higher net worth clients at a financial center
• Provide end-to-end comprehensive advice, deliver client reviews/presentations with confidence and recommend strategies to help clients achieve their financial goals and life priorities
• Collaborate with core banking and investment partners
• Connect clients to all of the solutions provided through Bank of America and Merrill to meet virtually all of their financial needs
• Manage a portfolio of clients by providing exceptional client care with industry leading products, services, and education

Benefits

• Unlimited potential for financial growth
• A strong referral base from across the business through our relationship with one in every two households
• Managing a portfolio of clients by providing exceptional client care with industry leading products, services, and education
• Robust marketing support to reach wider audiences with greater appeal
• Ongoing professional development to deepen your skills and optimize your practice as the industry evolves and changes
• Opportunities to connect with experts including small business consultants, mortgage lenders and investment advisors
• World-class training and on-boarding programs that set you up for success
• Training and one-on-one coaching from Academy managers who are invested in your success
• Industry-leading benefits
• Access to paid time off
• Resources and support to our employees
• Competitive benefits to support their physical, emotional, and financial well-being

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees