Private Wealth Relationship Manager

Bank of America • Austin, TX

1d • Onsite

About The Position

Merrill Wealth Management provides comprehensive wealth management and investment products and services, including goals-based advice for retirement, education, legacy, and other life goals. Its advisory teams combine Merrill investment insights with the banking convenience of Bank of America.

The Relationship Manager supports the Financial Advisor team in developing and enhancing existing client relationships. In a specialized role—Business Development, Wealth Planning, Investment Management, or Business Management—the Relationship Manager spends more than 50% of their time on relationship management activities. The role assists with and attends client meetings and discussions about investment strategy, account performance, new products, and market developments to promote growth and client acquisition. The Relationship Manager coordinates sales and service activities with portfolio managers, product specialists, and/or the team’s Senior Wealth Planner and Investment Management Specialist, and works with the Financial Advisor and/or team Senior Business Manager to develop, implement, and monitor the team’s client service model.

The position may involve residential mortgage loan origination and therefore requires SAFE Act registration and a 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. Merrill describes its culture as in-office, with role-specific flexibility based on responsibilities and business needs. Internal employees currently working from home may apply, but if selected may be required to work onsite under the workplace excellence policy.

Requirements

• Series 7 and Series 63/65 or 66, or equivalent; must obtain all state registrations held by the Financial Advisor(s) and Advisor Team(s) supported.
• SAFE Act registration and ADV-2B required.
• Obtain and/or maintain at least one firm-approved designation.
• Strong communication skills.
• Ability to lead through collaboration and influence without direct authority.
• Detail orientation, strong organizational skills, and ability to manage multiple tasks and priorities.
• Thorough knowledge and understanding of Wealth Management products and services.
• Proven ability to manage risk and support sound decisions.
• Ability to research escalated client issues for response and resolution.
• High school diploma, GED, secondary school, or equivalent.

Responsibilities

• Support the Financial Advisor team in developing and enhancing existing client relationships.
• Spend more than 50% of work time on relationship management activities while providing specialized support in Business Development, Wealth Planning, Investment Management, or Business Management.
• Assist with and attend client meetings and discussions about investment strategy, account performance, new products, and market developments to promote growth and acquisition.
• Coordinate sales and service activities with portfolio managers, product specialists, and/or the team’s Senior Wealth Planner and Investment Management Specialist.
• Work with the Financial Advisor and/or team Senior Business Manager to develop, implement, and monitor the team’s client service model.
• Research escalated client issues to support response and resolution.

What This Job Offers

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