Wealth Management Specialist

Bank of America•Missoula, MT

1d•Onsite

About The Position

The EGP Trainee role is a training program intended to prepare candidates to develop and service a Financial Advisor (FA) team’s client base. Trainees study for and obtain required registrations and firm-approved designations before becoming eligible for a Specialist position. The role operates in a marketing and sales development capacity by implementing and executing the Elite Growth Practice (EGP); specific accountabilities may vary by team. Performance is measured by the FA or FA team against goals, metrics, and behaviors related to the EGP model. The EGP Relationship Manager supports the FA team in developing and enhancing existing client relationships. The role serves as a key contact for clients on non-administrative requests and needs, supports relationship management, and helps develop, implement, and monitor the team’s client service model. It also assists with client meetings concerning investment strategy, account performance, new products, and market developments to promote growth and acquisition. Merrill Wealth Management provides goals-based wealth management, investment products, and services, including planning for retirement, education, legacy, and other life goals. Merrill describes its culture as in-office, with role-specific flexibility. The role is subject to SAFE Act registration requirements, including registration and a required background check; failure to obtain or maintain registration may result in disciplinary action, up to and including termination.

Requirements

High school diploma, GED, secondary school, or equivalent.
Either Series 7 and 66 licenses or Series 7, 63, and 65 licenses; obtain all state registrations held by the supported Financial Advisor(s) and Advisor Team(s). Required licenses or equivalents not already held must be obtained within a specified timeframe to qualify for the Specialist position.
SAFE Act registration and ADV-2B are required.
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.
Proven ability to manage risk and support sound decisions.
Ability to research escalated client issues and develop responses or resolutions.
Ability to identify client needs and concerns and articulate suitable approaches that align solutions with goals in a controlled manner.

Responsibilities

Develop and service client segments, including the next generation of clients and their beneficiaries.
Gather additional assets from existing clients and deepen relationships by partnering with Merrill colleagues to provide a full range 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.
Maintain an understanding of the Chief Investment Office (CIO) philosophy, proprietary planning, and investment management tools.
Monitor, analyze, and review the current market environment and research portfolio recommendations.
Monitor and manage client portfolios in line with clients’ goals, objectives, risk tolerance, and time horizons.
Review and manage team proprietary models to reflect current market assumptions by participating in CIO and manager updates and reviewing reports and allocation updates.
Create analytical reports for Financial Advisors to review client portfolio performance against market returns.
Assess and share pricing findings with clients to help them understand the value of advice and related solutions.
Serve as a key client contact for 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.