Senior Wealth Planner

Bank of America•Toms River, NJ

3d•$55,000 - $108,000•Onsite

About The Position

Merrill Wealth Management provides comprehensive wealth management and investment products and services to individuals, companies, and institutions. Its goals-based approach includes planning for retirement, education, legacy, and other life goals through investment advice and guidance. Advisory teams combine Merrill investment insights with the banking convenience of Bank of America. The Senior Wealth Planner works with Financial Advisor (FA) teams to provide comprehensive financial planning solutions. The role identifies strategic investment opportunities, gathers and analyzes data to create financial plans, builds internal relationships, and supports FA business development. It requires a broad understanding of the bank’s solutions, platforms, and initiatives. The position may involve residential mortgage loan origination and therefore requires SAFE Act registration and the required background check; employees must maintain good standing in the federal registry. The role is based at 1415 Hooper Ave, Toms River, New Jersey. Merrill describes an in-office culture with clear expectations and flexibility based on role responsibilities and business needs. Internal employees currently working from home may apply, but a selected candidate may be required to work onsite. The position is first shift and is listed at 40 hours per week. The annualized salary range is $55,000–$108,000, with offers based on experience, education, and skill set. The role is eligible for a formulaic incentive plan and benefits, including access to paid time off.

Requirements

Series 7 and Series 63/65 or Series 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; must complete the required SAFE Act background check and maintain registration in good standing.
CFP® or CPWA® designation and/or obtain and maintain at least one firm-approved designation.
Understanding of how to deliver a strong overall client experience.
Thorough knowledge and understanding of Wealth Management products and services.
Strong communication skills.
Superior relationship management skills to partner effectively with specialists and across lines of business to meet client needs.
Strong analytical skills, including the ability to identify trends and root causes and effects, and develop strategies to increase growth and mitigate risk.
Ability to make sound decisions based on a deep understanding of financial planning best practices and policies and procedures.
Ability to identify client needs and concerns and articulate an appropriate approach to align suitable, controlled solutions with client goals.
Minimum education: High School Diploma, GED, Secondary School, or equivalent.

Responsibilities

Leverage extensive financial data to identify possible solutions that meet client needs and goals.
Schedule, prepare for, and attend client meetings to review plans, capture changes, and discuss next steps.
Coach and train Wealth Planners to consistently monitor, update, and maintain client information and plans in a related planning tool.
Engage specialists and partners to address client needs and deliver solutions.
Participate in business development activities with Financial Advisors to expand the bank’s client base and maintain growth and profitability.
Partner with Line of Business specialists and enterprise specialists to expand wealth planning strategy opportunities, using knowledge of Estate and Gift Taxes, Philanthropy, Trust Structures, Insurance, Income Tax Planning, and Investment Management strategies.