Wealth Management Specialist - Non-Registered

Bank of America • Mill Valley, CA

1d • Onsite

About The Position

Merrill Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, and institutions. They specialize in goals-based wealth management, including planning for retirement, education, legacy, and other life goals through investment advice and guidance. Merrill's Financial Advisors and Wealth Management Client Associates help clients pursue the life they envision through a personal relationship with their advisory team committed to their needs. Merrill is committed to an in-office culture with specific requirements for office-based attendance, allowing for an appropriate level of flexibility. They value diversity and inclusion, fostering a culture-driven, resilient, results-focused, and effective work community.This EGP Trainee position is a training program designed to develop and prepare candidates to further develop and service the FA Teams client base. The Trainee role allows EGP Specialists to become fully licensed and acquire the appropriate designations before taking on the full EGP Specialist role. This position operates in a marketing and sales development capacity by implementing and executing the Elite Growth Practice. Specific accountabilities may vary depending on the team's practice, with performance measured by the FA or FA team through specific goals, metrics, and behaviors related to the EGP model execution.The Elite Growth Practice (EGP) Wealth Planner position may be filled at a Trainee, Specialist, or Senior level based on the candidate's experience and the needs of the Financial Advisor Team. The Trainee is a non-exempt position for individuals lacking required security licenses and/or designations, allowing them to become fully licensed and achieve the appropriate designations. If Series 7 and 66 (or 63 & 65) licenses and an approved designation are not currently held, they must be obtained within a specified timeframe to be eligible for the Specialist position. The EGP Wealth Planner is responsible for working with Financial Advisor (FA) teams to provide comprehensive financial planning solutions. Key responsibilities include identifying strategic investment opportunities, driving financial planning by gathering and analyzing data to create robust financial plans, and fostering internal relationships. Job expectations include having knowledge of Estate and Gift Taxes, Philanthropy, Trust Structures, Insurance, Income Tax Planning, and Investment Management, along with a comprehensive understanding of the suite of solutions, platforms, and initiatives across the bank. This position is subject to SAFE Act registration requirements, including background checks, with failure to obtain and/or maintain registration potentially resulting in disciplinary action up to and including termination.

Requirements

• Either Series 7 and 66 licenses or Series 7, 63 and 65 licenses; must obtain all state registrations held by the Financial Advisor(s) and Advisor Team(s) they support
• If Series 7, 63/65 or 66 or equivalent are not currently held, must be obtained within a specified timeframe to be eligible for Specialist position
• SAFE Act Registration; ADV-2B Required
• Obtain and maintain at least one firm approved designation
• Possess and demonstrate strong communication skills
• Ability to lead through collaboration and influence without direct authority
• Detail oriented with strong organizational skills and ability to manage multiple tasks and priorities at once
• Thorough knowledge and understanding of the suite of Wealth Management products and services
• Proven ability to manage risk and support sound decisions
• Ability to research escalated client issues for response/resolution
• Ability to identify client needs and concerns and articulate appropriate approach to align solutions to goals in a suitable and controlled way
• Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent
• Knowledge of Estate and Gift Taxes, Philanthropy, Trust Structures, Insurance, Income Tax Planning, and Investment Management and a comprehensive understanding of the suite of solutions, platforms, and initiatives across the bank

Nice To Haves

• CRPC designation

Responsibilities

• Develop and service client segments and the next generation and their next generations and beneficiaries
• Gather additional assets from existing client base and deepen relationships by partnering with all Merrill partners to deliver a full breadth solutions
• Coordinate technological support through the development of portfolio analysis, proposals and direct mail campaigns utilizing Salesforce and other tools and resources
• Provide technical expertise in certain product areas (e.g. Corporate 401(k), Rule 144, Insurance, Wealth Management Workstation)
• Provide marketing and organizational support
• Leverages extensive financial data to identify possible solutions to meet client needs and goals
• Schedules, prepares, and attends client meetings to review plans, capture changes, and discuss next steps
• Monitors, updates, and maintains client information in a related planning tool and plans on a consistent basis
• Engage with specialists and partners to address client needs and deliver solutions

Benefits

• Industry-leading benefits
• Access to paid time off
• Resources and support to our employees
• Competitive benefits to support their physical, emotional, and financial well-being
• Formulaic incentive eligible (monthly, quarterly and/or annual incentive opportunities based on performance)

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED
• Number of Employees: 5,001-10,000 employees