UHNW Private Wealth Strategist

Bank of America; New York (NY); On-site; USD 207,000 - 300,000; Full time

Benefits offered by this job

Benefits

Annual discretionary plan

Job summary

Bank of America’s Merrill Wealth Management seeks a Private Wealth Strategist to work with UHNW individuals and families, aligning financial and estate plans with their goals. This high-visibility role collaborates with Merrill advisors and PWM management in designated territories to develop and implement customized planning strategies.

The position focuses on inter-generational wealth transfer, estate planning, risk management, and retirement planning, with opportunities to author whitepapers

Qualifications

• 7 years of private law firm practice or similar experience in transfer taxation or trusts and estates with a focus on planning experience for UHNW families and individuals
• Strong Tax, legal research and writing skills
• Series 7 & 66 or the ability to obtain these within 120 days
• Proficiency in Microsoft Office Suite (including Word, Excel, and PowerPoint) and Brentmark Estate Planning Tools (aka NumberCruncher)

Responsibilities

• Develop wealth transfer strategies for ultra-high net worth (UHNW) individuals and families (net worth $50 million or more) to enhance client relationships and acquire new clients (This role does not have any specific client acquisition goals).
• Design, create and effectively deliver presentation pieces for client meetings and national events
• Partner with Advisors or Relationship Managers in client solicitation efforts and generating wealth management strategies for our UHNW clients and prospects.
• Develop recommendations and assist Advisors or Relationship Managers to implement customized planning strategies for UHNW families. Focus may be on transfer of inter-generational wealth, estate planning, diversification of a concentrated position, philanthropy, private planning business succession, global asset allocation, risk management and retirement planning.
• May also author whitepapers, articles and other material on topics impacting the UHNW client segment, or provide service to clients.
• Assist with the retention of UHNW relationships.

Skills

Business Development

Critical Thinking

Oral Communications

Presentation Skills

Wealth Planning

Active Listening

Collaboration

Customer and Client Focus

Pipeline Management

Written Communications

Adaptability

Attention to Detail

Issue Management

Prioritization

Education

Juris Doctor (Law degree)

Tools

Microsoft Office Suite (Word, Excel, PowerPoint)

Brentmark Estate Planning Tools

Job description

Bank of America’s Merrill Wealth Management seeks a Private Wealth Strategist to work with UHNW individuals and families, aligning financial and estate plans with their goals. This high-visibility role collaborates with Merrill advisors and PWM management in designated territories to develop and implement customized planning strategies.

The position focuses on inter-generational wealth transfer, estate planning, risk management, and retirement planning, with opportunities to author whitepapers