Wealth Management Specialist NPD
Company: Bank of America
Location: Fairfield
Posted on: June 19, 2022
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Job Description:
Job Description:Business Overview:Merrill Lynch Wealth
Management is a leading provider of comprehensive wealth management
and investment products and services for individuals, companies,
and institutions. Merrill Lynch Wealth Management is one of the
largest businesses of its kind in the world specializing in
goals-based wealth management, including planning for retirement,
education, legacy, and other life goals through investment advice
and guidance. -The Elite Growth Practice (EGP) Wealth Planner role
is a position on the Financial Advisor Team which operates in a
capacity to - further develop and service the client base. - They
are responsible for implementing and executing the Elite Growth
Practice Model (EGP) in their specific functional role. -Specific
accountabilities for the role may vary depending on the teams
practice. - - - Performance is measured through specific goals,
metrics and behavior's related to the execution of the EGP model. -
This position is subject to SAFE Act registration requirementsThe
Elite Growth Practice (EGP) Wealth Planner position may be filled
at a Trainee, Specialist or Senior level depending on experience of
the candidate and needs of the Financial Advisor Team. - The
Trainee is a non-exempt position for a hire lacking required
security licenses and/or designation. - This position allows the
individual to become fully licensed and achieve the appropriate
designations required for the position. - 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.The Wealth Planner works closely with Financial
Advisor(s) and/or Advisor Team(s) to provide comprehensive
financial planning through strategic planning advice. He/she is
focused on understanding clients' needs and goals proactively
identifying strategic planning and investment opportunities to
better meet client's financial objectives. Drives the planning
process through execution of extensive data gathering, analyzing,
and data input with the end goal of creating a robust financial
plan for Financial Advisor(s) and Advisor Team(s) to share with
clients. Fosters relationships with internal specialists to ensure
alignment of client goals to plan and explore opportunities to
further enhance client relationships. The successful candidate will
have knowledge of estate and gift taxes, philanthropy, trust
structures, insurance, income tax planning, and investment
Management. Requires a comprehensive understanding of the suite of
solutions, platforms, and initiatives across the enterprise.Role
ResponsibilitiesGather extensive financial information to drive
plan creationEnter client information into planning toolSchedule
and prepare materials for client meetingsAttend client meetings to
review plan, capture changes and agree on next stepsLeverage
financial data to identify possible solutions to meet client needs
and goalsEngage specialists and partners to address client needs
and deliver solutionsMonitor and update client information and plan
changes on a consistent basisQualificationsSeries 7, 63/65 or 66 or
equivalent; must obtain all state registrations in support of
Financial Advisor(s) and Advisor Team(s) - 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
RegistrationIndividuals in this role are required to maintain a
Form ADV -2B, which provides clients details on individuals
experience and educational background, along with other
requirements governed by the U.S. Securities and Exchange
Commission ("SEC")CFP or CPWA designation preferred or obtain
and/or maintain at least one firm approved designationUnderstanding
of how to deliver a strong overall client experienceThorough
knowledge and understanding of the suite of Wealth Management
products and servicesPossess and demonstrate strong communication
skillsSuperior relationship management skills to partner
effectively with specialists and across lines of business to meet
the needs of clientsStrong analytical skills with the ability to
identify trends, root cause and effects and develop strategies to
increase growth and mitigate riskAbility to make sound decisions by
having a deep understanding of financial planning best practices
and policies/proceduresAbility to identify client needs and
concerns, and articulate appropriate approach to align solutions to
goals in a suitable and controlled wayPlease be advised that under
current company policy, Merrill Lynch does not sponsor a visa
petition or other work authorization, nor will the company provide
relocation assistance, for this position.**This position is posted
as a more senior position but is flexible to be filled as a lower
level position if the posted qualifications are met by a strong
lower level applicant.Shift:1st shift (United States of
America)Hours Per Week: -37.5
Keywords: Bank of America, Fairfield , Wealth Management Specialist NPD, Executive , Fairfield, Connecticut
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