Wealth Management Specialist

Bank of America • Boston, MA

1d • Onsite

About The Position

Merrill Wealth Management is a leading provider of comprehensive wealth management and investment products and services. This EGP Trainee position is a training program designed to develop and prepare candidates to further develop and service the Financial Advisor (FA) Teams' client base. The Trainee role allows the EGP Specialist to become fully licensed and acquire the appropriate designations before transitioning into the full EGP Specialist role. This position operates in a marketing and sales development capacity, implementing and executing the Elite Growth Practice model. Performance is measured by the FA or FA team through specific goals, metrics, and behaviors related to the execution of the EGP model. The Elite Growth Practice (EGP) Private Wealth Investment Management Specialist is responsible for defining the Financial Advisor(s) and/or Advisor Team(s) overall investment management philosophy through portfolio analysis and expertise in various investment product areas. They ensure client risk profiles, goals, objectives, and asset allocations are properly aligned and reflected. The specialist delivers a full range of investment products and services, partners with internal specialists for holistic solutions, and prepares client performance review reports. This position may also involve the provision of residential mortgage loans, requiring SAFE Act registration.

Requirements

• Series 7, 63/65 or 66 or equivalent; must obtain all state registrations held by the Financial Advisor(s) and Advisor Team(s) they support
• SAFE Act Registration; ADV-2B Required
• Obtain and/or maintain at least one firm approved designation
• Possess and demonstrate strong communication skills
• Thorough knowledge and understanding of the suite of Wealth Management products and services
• Strong analytical and portfolio management skills with the ability to identify trends and implement investment strategies to increase growth and mitigate risk
• Ability to make sound decisions by having a deep understanding of investment management best practices and policies/procedures
• Ability to identify client needs and concerns and articulate appropriate approach to align solutions to goals in a suitable and controlled way
• High School Diploma / GED / Secondary School or equivalent
• If Series 7 and 66 (or 63 & 65) licenses and approved designation are not currently held, must be obtained within a specified timeframe to be eligible for Specialist position

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 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
• Define the Financial Advisor(s) and/or Advisor Team(s) overall investment management philosophy through the development of portfolio analysis and expertise in a wide range of investment product areas
• Ensure risk profiles, goals, objectives and asset allocations are aligned and reflected properly for each client
• Deliver full range of investment products and services across the enterprise ensuring alignment to client goals and strategies while leveraging specialists and applicable financial planning tools if appropriate
• Partner with internal specialists to deliver holistic investment solutions by identifying and establishing targeted investment strategies
• Prepare and present client performance review reports to measure their progress to goals
• May be responsible for the provision of residential mortgage loans, and as such, is subject to SAFE Act registration requirements

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

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