Senior Wealth Planner

Bank of America • Toms River, NJ

1d • Onsite

About The Position

Merrill Wealth Management provides goals-based wealth management, including planning for retirement, education, legacy, and other life goals through investment advice and guidance. Its advisory teams combine Merrill investment insights with the banking convenience of Bank of America. Merrill promotes an in-office culture that supports collaboration, engagement, and career development, with role-specific flexibility based on responsibilities and business needs.

The Senior Wealth Planner works with Financial Advisor teams to provide comprehensive financial planning solutions. The role identifies strategic investment opportunities, gathers and analyzes data to develop robust financial plans, builds internal relationships, and supports Financial Advisors’ business development activities. It requires a comprehensive understanding of the bank’s solutions, platforms, and initiatives. The position may involve residential mortgage loan origination and therefore requires SAFE Act registration and continued good standing, including a background check. Failure to obtain or maintain registration may result in disciplinary action up to and including termination.

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.
• 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, 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 solutions with client goals.

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 monitor, update, and maintain client information in a related planning tool and keep plans current.
• Engage with 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 and enterprise specialists to expand wealth planning strategy opportunities, drawing on knowledge of estate and gift taxes, philanthropy, trust structures, insurance, income tax planning, and investment management strategies.

Benefits

• Benefits eligible; the company provides industry-leading benefits, paid time off, resources, and support.
• Formulaic incentive plan eligibility, with incentives based on performance against defined metrics.

What This Job Offers

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