Merrill Advisor Development Program - Financial Advisor - Minnesota Market

Bank of America • Bloomington, MN

4d • Onsite

About The Position

The Merrill Advisor Development Program is designed for individuals making a career transition and pursuing a career as a Financial Advisor. The role works with high-net-worth clients with annual revenues of $100,000 to $5 million, identifying needs, developing relationships, reviewing investment goals, and preparing investment recommendations. The Financial Advisor uses technology to support business growth, profiles clients to determine financial objectives, contributes to business development plans, and follows guidance on privacy and regulatory matters.

The position may involve residential mortgage loan origination and requires SAFE Act registration, including the required 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. The role is eligible for formulaic incentives, with compensation tied in part to performance. The listed Minnesota work locations are Bloomington, Minneapolis, and Wayzata. Merrill maintains an in-office culture, with flexibility based on role responsibilities and business needs; employees working from home may be required to work onsite if selected.

Requirements

• Currently hold Series 7 and Series 66 licenses, or Series 63 and Series 65 licenses 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 an ability to build trust and credibility quickly.
• 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 the majority of compensation is tied to performance.
• Computer and technical literacy, including proficiency in Microsoft Word, PowerPoint, and Excel.
• High school diploma, GED, secondary school education, or equivalent.
• Must register under the SAFE Act and complete the required background check; registration must be maintained in good standing.

Nice To Haves

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

Responsibilities

• Handle inbound inquiries from leads regarding Merrill offerings.
• Position the capabilities of Merrill and Bank of America.
• Collect client profile data and follow standard KYC procedures to open accounts as appropriate.
• Serve as an interim Financial Advisor, recommending suitable investment products and services based on clients’ and prospects’ objectives, resources, time horizons, risk profiles, and preferences, and service client accounts.
• Document client interactions and opportunities accurately in Salesforce.
• Identify client needs, develop relationships, review investment goals, and prepare investment recommendations.
• Leverage technology to achieve business growth goals and conduct profiling activities to determine clients’ financial objectives.
• Assist with executing business development plans and drive initiatives to maximize impact for clients and prospects.
• Follow guidance on privacy and regulatory matters.

Benefits

• Paid time off.
• Access to employee resources and support.
• Eligibility for a formulaic incentive plan, with incentives based on performance against defined metrics.

What This Job Offers

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