Wealth Management Specialist

Bank of America•Missoula, MT

About The Position

This is an Elite Growth Practice (EGP) trainee role supporting a Financial Advisor team in developing and servicing its client base. The training program is designed to help candidates obtain the licenses and firm-approved designation required to progress to the EGP Specialist role. The position operates in a marketing and sales development capacity by implementing and executing the EGP model. Duties and performance expectations may vary according to the team’s practice and are assessed against team goals, metrics, and behaviors. The role supports the development of client relationships, including with next-generation clients and beneficiaries, and helps gather additional assets from existing clients by partnering with Merrill colleagues. It also provides technical, marketing, organizational, analytical, and relationship-management support. The employee serves as a key contact for clients on non-administrative needs and helps develop, implement, and monitor the team’s client service model. The position may assist in client meetings about investment strategy, account performance, products, and market developments. The position is subject to SAFE Act registration requirements, including registration and a background check. Employees who do not already hold the required securities licenses must obtain them within a specified timeframe to be eligible for the Specialist position. Merrill describes its work culture as in-office, with role-specific flexibility and attendance requirements.

Requirements

Series 7 and 66 licenses, or Series 7, 63, and 65 licenses; required licenses must be obtained within a specified timeframe if not already held.
Obtain all state registrations held by the Financial Advisor(s) and Advisor Team(s) supported.
SAFE Act registration and ADV-2B.
Obtain and/or maintain at least one firm-approved designation.
Strong communication skills.
Ability to lead through collaboration and influence without direct authority.
Detail-oriented, with strong organizational skills and the ability to manage multiple tasks and priorities.
Thorough knowledge and understanding of Wealth Management products and services.
Ability to manage risk and support sound decisions.
Ability to research escalated client issues and support response or resolution.
Ability to identify client needs and concerns and articulate suitable solutions aligned with client goals.
High school diploma, GED, secondary school education, or equivalent.

Responsibilities

Develop and service client segments, including next-generation clients and beneficiaries.
Gather additional assets from existing clients and deepen relationships by partnering with Merrill colleagues to provide a broad range of solutions.
Coordinate technological support by preparing portfolio analyses, proposals, and direct-mail campaigns using Salesforce and other tools and resources.
Provide technical expertise in areas such as Corporate 401(k), Rule 144, insurance, and Wealth Management Workstation.
Provide marketing and organizational support to the Financial Advisor team.
Serve as a key point of contact for clients regarding non-administrative requests and needs.
Support relationship-management activities and develop, implement, and monitor the team's client service model.
Assist with client meetings concerning investment strategy, account performance, new products, and market developments.
Maintain an understanding of Chief Investment Office (CIO) philosophy, proprietary planning, and investment management tools.
Monitor, analyze, and review market conditions and research portfolio recommendations.
Monitor and manage client portfolios in alignment with client goals, objectives, risk tolerance, and time horizons.
Review and manage team proprietary models in light of current market assumptions, CIO and manager updates, reports, and allocation updates.
Prepare analytical reports for Financial Advisors comparing client portfolio performance with market returns.
Assess and share pricing findings with clients to explain the value of advice and related solutions.
Obtain and maintain required licenses, state registrations, SAFE Act registration, and at least one firm-approved designation.