Wealth Management Specialist

Bank of America•Oklahoma City, OK

3d•Onsite

About The Position

Merrill Wealth Management provides comprehensive wealth management and investment products and services to individuals, companies, and institutions. Its Financial Advisors and Wealth Management Client Associates work with clients through personal advisory relationships, supported by Merrill investment insights and Bank of America banking services. Merrill describes its culture as in-office, with role-specific flexibility, and emphasizes diverse perspectives and an inclusive work community. Wealth Management Specialists perform specialized functions across Financial Advisor teams, including Business Management, Business Development, Wealth Planning, Investment Management, and Relationship Management. They deliver quality client service and operational support, may advise and train less experienced team members, and handle complex problem escalation or resolution requiring analysis and evaluation. The position calls for judgment within established practices and policies, working knowledge of the Merrill Lynch Wealth Management business, and knowledge of assigned team functions. The posting also describes an EGP Trainee training program intended to develop candidates to service Financial Advisor team clients and progress toward a fully licensed EGP Specialist role. Trainees implement and execute the Elite Growth Practice in a marketing and sales development role. Responsibilities and performance measures may vary by team and are based on goals, metrics, and behaviors associated with the EGP model. The role is designed to allow employees to study for and obtain required registrations and designations.

Requirements

Obtain Series 7 and 66 licenses, or Series 7, 63, and 65 licenses.
Obtain all state registrations held by the Financial Advisor(s) and Advisor Team(s) supported.
Obtain and maintain SAFE Act registration, including completing the required background check; failure to maintain registration may result in disciplinary action up to termination.
Maintain a Form ADV-2B as required, providing clients information about experience and educational background and meeting other SEC requirements.
Obtain and/or maintain at least one firm-approved designation.
Demonstrate expertise and impact in at least two specialized functions: Wealth Planning, Investment Management, Business Development, Business Management, and/or Relationship Management.
Demonstrate strong communication skills and an understanding of how to deliver a strong overall client experience.
Have thorough knowledge and understanding of Wealth Management products and services.
Be detail-oriented, organized, and able to manage multiple tasks and priorities.
Have strong partnership and relationship-management skills and the ability to work across functional areas and organizational lines and levels.
Influence and collaborate with others to make sound decisions without direct authority.
Apply analytical skills to identify trends and root causes, and implement process improvements that support growth and mitigate risk.
Identify client needs and concerns and articulate appropriate approaches that align solutions with client goals and support responsible growth.
Meet the minimum education requirement of a high school diploma, GED, secondary-school credential, or equivalent.

Responsibilities

Perform specialized functions for a Financial Advisor team, such as Business Management, Business Development, Wealth Planning, Investment Management, or Relationship Management.
Provide quality client service and effective, efficient operational support.
Advise and assist with training less experienced team members.
Escalate or solve problems that require extensive analysis and evaluation.
Develop and service client segments, including next-generation clients, their successors, and beneficiaries.
Gather additional assets from existing clients and deepen relationships by partnering with Merrill colleagues to provide a breadth of solutions.
Coordinate technological support, including portfolio analysis, proposals, and direct-mail campaigns using Salesforce and other tools and resources.
Provide technical expertise in product areas such as Corporate 401(k), Rule 144, insurance, and Wealth Management Workstation.
Provide marketing and organizational support.
Study for and obtain required registrations and designations as part of the trainee role.