Financial Solutions Advisor - Private Bank Office

Bank of America • Richmond, VA

44d • $75,000 - $85,000 • Onsite

About The Position

The Financial Solutions Advisor - Private Bank Office role at Bank of America is responsible for providing comprehensive advice and customized solutions to clients to help them achieve their financial goals. This position is subject to SAFE Act registration requirements, necessitating registration with the federal registry system and adherence to background check processes. The role involves triaging client leads, making referrals to business partners, meeting with clients to review financial and investment goals, building financial plans, and recommending brokerage products. The job also requires applying and expanding knowledge through required licenses and trainings. Bank of America emphasizes an in-office culture with specific attendance requirements and flexibility based on role considerations, aiming to be a great place to work by fostering an inclusive environment, developing talent, supporting teammate wellness, recognizing performance, and making community impacts.

Requirements

• Currently holds Series 7 & 66 (63 & 65 in lieu of 66) licenses. If you do not hold the Series 66 currently but have either a Series 63 or 65, an offer can be extended with the condition that you receive a passing score for the Series 66 within 60 days.
• Has three years’ experience working in the financial service industry and/or a sales environment where goals were met or exceeded (including at least one year experience in the investments industry, including investment training and in-depth knowledge of investment products and services)
• Depth and breadth of relationship management product/solutions knowledge and experience
• Acts as a client advocate
• Is a self-starter who efficiently manages time and capacity
• Sets and accomplishes goals, achieving whatever you put your mind to.
• Builds and nurtures strong relationships.
• Collaborates effectively with others to get things done.
• Communicates effectively and confidently and is comfortable engaging all clients.
• Manages goals, navigates complexity, prioritizes tasks and executes in a fast-paced environment.
• Likes to learn, adapts to new information and seeks the right solutions for clients.
• Is thorough and thoughtful in incorporating relevant regulatory due diligence into daily activities and long-term strategies for clients.

Nice To Haves

• Proven ability to partner and promote lead generation.
• Experience balancing investment management, sales activities and new client development.
• Strong computer skills and the ability to multitask in a demanding environment.
• A bachelor’s degree, preferably in business-related field.
• Achieved additional professional designations such as Certified Financial Planner (CFP) and/or Chartered Retirement Planning Counselor (CRPC).
• Obtained insurance licenses.

Responsibilities

• Works with clients to plan their short and long-term financial goals by building a financial plan with brokerage products, including stocks, bonds, mutual funds, annuities, and banking and money managed solutions
• Recommends banking and investments strategies that align with client financial goals and needs
• Triages client requests and makes referrals to appropriate internal service providers based on client needs and asset thresholds
• Mitigates and controls risk as part of daily activities
• Identifies and engages potential new clients through referrals or financial center clientele
• Provides coaching and feedback to referral partners based on knowledge of client needs and potential product services recommended

Benefits

• Access to paid time off
• Resources and support to our employees
• Formulaic incentive plan

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level