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, specializing in goals-based wealth management. Merrill's Financial Advisors and Wealth Management Client Associates help clients pursue their life goals through personal relationships and access to Merrill's investment insights and Bank of America's banking convenience. Merrill is committed to an in-office culture with specific attendance requirements, allowing for flexibility based on role-specific considerations. The company values diversity and aims to create 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 service FA Teams' client base. The Trainee role allows the EGP Specialist to become fully licensed and obtain appropriate designations before transitioning to the full EGP Specialist role. This position involves marketing and sales development, implementing and executing the Elite Growth Practice, with specific accountabilities varying by team practice. Performance is measured by the FA or FA team through specific goals, metrics, and behaviors related to the EGP model. The Elite Growth Practice (EGP) Wealth Planner position can be filled at Trainee, Specialist, or Senior level based on experience and team needs. The Trainee is a non-exempt position for individuals lacking required security licenses and/or designations, allowing them to become fully licensed and achieve necessary designations. If Series 7 and 66 (or 63 & 65) licenses and an approved designation are not held, they must be obtained within a specified timeframe to be eligible for the Specialist position. The EGP Wealth Planner works with Financial Advisor (FA) teams to provide comprehensive financial planning solutions, including identifying strategic investment opportunities, driving financial planning through data analysis, and fostering internal relationships. Key knowledge areas include Estate and Gift Taxes, Philanthropy, Trust Structures, Insurance, Income Tax Planning, Investment Management, and a comprehensive understanding of the bank's solutions, platforms, and initiatives. This position is subject to SAFE Act registration requirements, meaning employees engaged in residential mortgage loan originations must register with the federal registry system and maintain good standing, including submitting to a background check. Failure to obtain or maintain SAFE Act registration may lead to disciplinary action up to 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
• 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
• Role is designed to allow employees to study and obtain all required registrations
• 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
• Identifying strategic investment opportunities
• Driving financial planning by gathering and analyzing data to create robust financial plans
• Fostering internal relationships

Benefits

• Industry-leading benefits
• Access to paid time off
• Resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve

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