Merrill Advisor Development Program - Financial Advisor - Minnesota Market

Bank of America • Minneapolis, MN

2d • $80,000 - $90,000 • Onsite

About The Position

The Merrill Advisor Development Program is designed for individuals making a career transition to become a Financial Advisor. In this role, you will work with high-net-worth clients with annual revenues of $100,000 to $5 million, identify their needs, develop relationships, review investment goals, and prepare investment recommendations. You will use technology and client profiling to support business growth and understand clients’ financial objectives, while helping advance initiatives and business development plans and following privacy and regulatory guidance.

The role handles inbound inquiries from leads, presents Merrill and Bank of America capabilities, gathers client profile information using standard Know Your Customer procedures, and serves as an interim Financial Advisor. It involves recommending suitable investment products and services based on clients’ objectives, resources, time horizon, risk profile, and preferences, servicing accounts, and recording client interactions and opportunities in Salesforce.

The role may involve residential mortgage loan origination and requires SAFE Act registration and a background check. Employees must maintain good standing in the federal registry; failure to obtain or maintain registration may result in disciplinary action, up to and including termination. Merrill maintains an in-office culture focused on collaboration, engagement, and career development, with role- and business-related flexibility. The position is first shift and 40 hours per week. It is based at one of the listed Minnesota locations: Bloomington, Minneapolis, or Wayzata. The annual salary range is $80,000–$90,000, with formulaic incentive-plan eligibility. The role is benefits eligible.

Requirements

• Currently hold Series 7 and Series 66 licenses, or Series 63 and 65 in lieu of Series 66.
• At least one year of experience in the investments industry, including investment training and in-depth knowledge of investment products and services.
• At least one year of experience in financial services and/or a sales environment where goals were met or exceeded.
• Ability to engage with and influence others.
• Exceptional interpersonal and relationship-building skills, with the ability to quickly build trust and credibility.
• Effective written and verbal communication skills.
• Ability to listen and probe for clarity and understanding, assess needs, and recommend appropriate solutions or interventions.
• Ability to work collaboratively on a team and with key partners.
• Goal- and results-oriented, with strong follow-through skills.
• Entrepreneurial mindset and ability to source clients through prospecting and networking.
• Ability to work in an environment where most compensation is tied to performance.
• Computer and technical literacy, including proficiency in Microsoft Word, PowerPoint, and Excel.
• High school diploma, GED, secondary school, or equivalent.
• SAFE Act registration and required background check for this position.

Nice To Haves

• Bachelor’s degree.
• Track record of quickly learning and adapting to new technologies, systems, and digital tools.
• Ability to effectively manage multiple priorities in a dynamic, deadline-driven environment.

Responsibilities

• Handle inbound inquiries from leads regarding Merrill offerings.
• Position the extensive capabilities of Merrill and Bank of America.
• Collect the client profile data necessary to open accounts, following standard KYC procedures.
• Serve as interim Financial Advisor and recommend investment products and services suitable to clients’ and prospects’ objectives, resources, time horizon, risk profile, and preferences.
• Service client accounts.
• Document client interactions and opportunities accurately in Salesforce.
• Use technology to support business growth goals and profile clients to determine financial objectives.
• Drive initiatives to maximize impact to clients and prospects and assist with executing business development plans.
• Follow guidance on privacy and regulatory matters.

Benefits

• Benefits eligibility.
• Paid time off.
• Formulaic incentive plan eligibility, with possible monthly, quarterly, and/or annual incentive opportunities based on performance.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED