Financial Solutions Advisor - Rhode Island Market

Bank of America

6d • $65,000 - $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 reviewing clients’ financial and investment goals, developing financial plans, recommending brokerage products, and advising on banking and investment strategies. Advisors triage client requests and leads, refer clients to appropriate internal partners based on their needs and asset thresholds, and build relationships with potential new clients.

The position requires completing required licenses and training, mitigating risk in daily activities, and incorporating regulatory due diligence into client strategies. It may involve residential mortgage loan origination and therefore requires SAFE Act registration and a background check; registration must be maintained in good standing. The role is based in an in-office culture, with role-appropriate flexibility according to business needs. The stated schedule is first shift, 40 hours per week, Monday through Friday with rotating Saturdays.

Requirements

• Currently hold Series 7 and Series 66 licenses, or the equivalent 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 the financial services industry and/or a sales environment where goals were met or exceeded.
• Set and accomplish goals.
• Build and nurture strong relationships.
• Collaborate effectively with others.
• Communicate effectively and confidently and feel comfortable engaging with all clients.
• Manage goals, navigate complexity, prioritize tasks, and execute in a fast-paced environment.
• Be willing to learn, adapt to new information, and seek appropriate solutions for clients.
• Manage time and capacity efficiently.
• Incorporate relevant regulatory due diligence into daily activities and long-term client strategies.
• Be able to work Monday through Friday and rotating Saturdays.
• High school diploma, GED, secondary school, or equivalent.

Nice To Haves

• Strong computer skills and ability to multitask in a demanding environment.
• Three or more years of experience 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, banking solutions, and managed-money solutions.
• Recommend banking and investment strategies that align 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 appropriate product services.
• Complete required licenses and trainings and maintain required SAFE Act registration.

Benefits

• Access to paid time off.
• Benefits eligibility.
• Formulaic incentive plan with opportunities that may be monthly, quarterly, and/or annual, based on performance against defined metrics.
• Affordable, competitive, and flexible benefits supporting physical, emotional, and financial wellness.

What This Job Offers

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