Financial Solutions Advisor - SOHO

Bank of America • New York, NY

2d • $70,000 - $80,000 • Onsite

About The Position

At Bank of America, the Financial Solutions Advisor provides comprehensive advice and customized solutions to help clients achieve their financial goals. The role involves triaging client leads and requests, referring clients to business partners based on their needs and asset thresholds, reviewing financial and investment goals, building financial plans, and recommending brokerage products. Advisors apply and expand their knowledge through required licenses and training.

This position is subject to SAFE Act registration requirements. Employees engaged in residential loan mortgage originations must register with the federal registry system, complete the required background check and registration process, and remain in good standing. Failure to obtain or maintain SAFE Act registration may result in disciplinary action, up to and including termination.

The position is based at 589 Broadway, SOHO BC, New York, NY. The schedule is Monday through Friday with rotating Saturdays, on first shift, for 40 hours per week. Bank of America states that it is committed to an in-office culture with role-specific flexibility. The role is eligible for a formulaic incentive plan and benefits, including access to paid time off.

Requirements

• Currently holds Series 7 and Series 66 licenses, or Series 63 and Series 65 in lieu of Series 66. If the candidate holds either a Series 63 or Series 65 but not the other required series, an offer may be extended on the condition of passing the missing series within 60 days.
• 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 working in the financial services industry and/or a sales environment where goals were met or exceeded.
• Ability to set and accomplish goals.
• Ability to build and nurture strong relationships.
• Ability to collaborate effectively with others.
• Effective and confident communication skills and comfort engaging with all clients.
• Ability to manage goals, navigate complexity, prioritize tasks, and execute in a fast-paced environment.
• Willingness to learn, adapt to new information, and seek appropriate solutions for clients.
• Ability to manage time and capacity efficiently.
• Thorough and thoughtful incorporation of relevant regulatory due diligence into daily activities and long-term client strategies.
• High school diploma, GED, secondary school credential, or equivalent.
• Must complete SAFE Act registration and background check requirements and maintain registration in good standing.
• Availability for Monday-through-Friday work and rotating Saturdays.

Nice To Haves

• Strong computer skills and ability to multitask in a demanding environment.
• At least three years of experience working in the financial services industry and/or a sales environment where goals were met or exceeded.
• Additional professional designations, such as Certified Financial Planner (CFP) and/or Chartered Retirement Planning Counselor (CRPC).
• Insurance licenses.

Responsibilities

• Work with clients to plan short- and long-term financial goals by building financial plans using brokerage products, including stocks, bonds, mutual funds, annuities, and banking and money-managed solutions.
• Recommend banking and investment strategies aligned with clients’ financial goals and needs.
• Triage client requests and refer clients to appropriate internal service providers based on client needs and asset thresholds.
• Mitigate and control risk as part of daily activities.
• Identify and engage potential new clients through referrals or financial center clientele.
• Provide coaching and feedback to referral partners based on knowledge of client needs and potentially recommended product services.
• Meet with clients to review financial and investment goals, build financial plans, and recommend brokerage products.
• Complete required licenses and training and expand job-related knowledge.
• Comply with SAFE Act registration requirements, including required registration and background checks, and maintain good standing.

Benefits

• Benefits eligibility
• Access to paid time off
• Formulaic incentive plan eligibility, with incentive opportunities potentially offered monthly, quarterly, and/or annually based on performance against defined metrics

What This Job Offers

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