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 global provider of comprehensive wealth management and investment products and services, specializing in goals-based wealth management. Merrill's Financial Advisors and Wealth Management Client Associates assist clients in achieving their financial aspirations through personalized relationships and access to Merrill's investment insights and Bank of America's banking convenience. The company fosters an in-office culture with flexibility and values diversity among its employees and clients.

As a Financial Solutions Advisor within the centralized segment of the Advisor Development Program, your journey begins with obtaining Securities Industry licenses (SIE, Series 7, and Series 66) through dedicated classes. Upon licensure, you will learn foundational advisor skills, including client acquisition, relationship building, and managing complex financial pictures to provide advice and solutions. You will then join the centralized team as a phone-based licensed Financial Solutions Advisor, offering holistic financial advice and guidance, identifying product and service solutions for investment, savings, and liability management. This role requires demonstrating knowledge of investments and financial markets and aligning Merrill and Bank of America products.

The program provides comprehensive training and guidance to develop into a Merrill Financial Advisor. You will work with affluent and high net worth clients, identifying needs, developing relationships, reviewing investment goals, and preparing recommendations. Successful performance as an FSA typically leads to progression into the Merrill Financial Solutions Advisor (MFSA) role, offering a career path within Merrill Wealth Management supported by dedicated programs, tools, and resources from The Academy. The role offers unlimited potential for financial growth, a strong referral base, portfolio management, robust marketing support, ongoing professional development, and opportunities to connect with experts.

Requirements

• Obtain your Security Industry Essentials (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.
• Register with the federal registry system and remain in good standing pursuant to SAFE Act requirements.

Nice To Haves

• Bachelor’s degree and/or a minimum of one year of financial services industry or sales experience.
• Learn and adapt to new technology or applications.
• Execute multiple tasks simultaneously.

Responsibilities

• Obtain Securities Industry licenses (SIE, Series 7, Series 66).
• Acquire, build, and manage client relationships.
• Consider a client’s complex financial picture and guide them with advice and solutions.
• 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.
• Identify needs, develop relationships, review investment goals, and prepare investment recommendations that align with the goals of both existing and prospective clients.
• Provide end-to-end comprehensive advice.
• Deliver client reviews/presentations with confidence.
• 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

• Industry-leading benefits
• Access to paid time off
• Resources and support to employees
• Continuous training and developmental opportunities

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed