Financial Solutions Advisor - Consumer Investments - Northwest Chicago Market

Bank of America; Streamwood (IL); On-site; USD 70,000 - 80,000; Full time

Job summary

Join a dynamic team at a leading financial institution where your expertise will help clients achieve their financial goals. In this role, you'll provide comprehensive advice, build financial plans, and recommend investment products tailored to individual needs. With a strong emphasis on collaboration and client focus, you'll thrive in a supportive environment that values diversity and inclusion. This position not only offers the chance to make a genuine impact but also provides opportunities for personal and professional growth. If you're passionate about finance and dedicated to client success, this is the perfect opportunity for you.

Benefits

Industry-leading benefits

Paid time off

Incentive plan based on performance

Support for employee growth

Diverse and inclusive workplace

Qualifications

• 1+ year experience in investments and financial services.
• Strong relationship-building and communication skills.

Responsibilities

• Provide customized financial advice and solutions to clients.
• Triages client requests and recommends banking strategies.

Skills

Customer and Client Focus

Client Solutions Advisory

Attention to Detail

Policies, Procedures, and Guidelines

Written Communications

Education

Series 7 License

Series 66 License (or 63/65)

Certified Financial Planner (CFP)

Chartered Retirement Planning Counselor (CRPC)

Job description

Financial Solutions Advisor - Consumer Investments - Northwest Chicago Market

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow, and make an impact, along with the power to make a difference. Join us!

Job Description:

This job is responsible for providing comprehensive advice and customized solutions to clients to help them achieve their financial goals. Key responsibilities include triaging client leads, making referrals to business partners based on client needs and asset thresholds, meeting with clients to review financial and investment goals, building a financial plan, and recommending brokerage products. Job expectations include applying and expanding knowledge by completing required licenses and trainings. This position is subject to SAFE Act registration requirements. Pursuant to the SAFE Act requirements, all employees engaged in residential loan mortgage originations must register with the federal registry system and remain in good standing. Failure to obtain and/or maintain SAFE Act registration may result in disciplinary action up to and including termination.

Responsibilities:

1. Works with clients to plan their short and long-term financial goals by building a financial plan with brokerage products, including stocks, bonds, mutual funds, annuities, and banking and money managed solutions.
2. Recommends banking and investment strategies that align with client financial goals and needs.
3. Triages client requests and makes referrals to appropriate internal service providers based on client needs and asset thresholds.
4. Mitigates and controls risk as part of daily activities.
5. Identifies and engages potential new clients through referrals or financial center clientele.
6. Provides coaching and feedback to referral partners based on knowledge of client needs and potential product services recommended.

Required Qualifications:

1. Currently holds Series 7 & 66 (63 & 65 in lieu of 66) licenses. If you do not currently hold the 66 but have either a 63 or 65, an offer can be extended with the condition that a passing score is received for the missing series within 60 days.
2. Has at least one year experience in the investments industry, including investment training and in-depth knowledge of investment products and services.
3. Has at least one year experience working in the financial service industry and/or a sales environment where goals were met or exceeded.
4. Sets and accomplishes goals, achieving whatever you put your mind to.
5. Builds and nurtures strong relationships.
6. Collaborates effectively with others to get things done.
7. Communicates effectively and confidently and is comfortable engaging all clients.
8. Manages goals, navigates complexity, prioritizes tasks and executes in a fast-paced environment.
9. Likes to learn, adapts to new information and seeks the right solutions for clients.
10. Efficiently manages your time and capacity.
11. Is thorough and thoughtful in incorporating relevant regulatory due diligence into daily activities and long-term strategies for clients.

Desired Qualifications:

1. Strong computer skills with an ability to multitask in a demanding environment.
2. At least three years’ experience working in the financial service industry and/or a sales environment where goals were met or exceeded.
3. Achieved additional professional designations such as Certified Financial Planner (CFP) and/or Chartered Retirement Planning Counselor (CRPC).
4. Obtained your insurance licenses.

Skills:

1. Customer and Client Focus
2. Client Solutions Advisory
3. Attention to Detail
4. Policies, Procedures, and Guidelines
5. Written Communications

Salary: $70,000.00 - $80,000.00 annualized salary, offers to be determined based on experience, education, and skill set.

Incentive Plan: This role is eligible to participate in a formulaic incentive plan. Employees are eligible for incentives as detailed by the specific line of business incentive plan provisions. Incentives are earned based on the employee’s performance against defined metrics.

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources, and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please contact us by calling 1.877.760.2076. This is a dedicated line designed exclusively to assist job seekers whose disability prevents them from being able to apply online.