Wealth Management Specialist

Bank of America; Cincinnati, Petaluma (OH, CA); On-site; USD 45,000 - 85,000; Full time

Job summary

An established industry player in wealth management is seeking motivated individuals for their Elite Growth Practice Trainee program. This role offers the unique opportunity to gain essential licenses and skills while working closely with Financial Advisors to deliver tailored investment solutions. Candidates will engage with diverse client segments, utilizing cutting-edge tools to analyze portfolios and deepen relationships. Join a team that values transparency, diversity, and personal growth, all while making a meaningful impact on clients' financial futures. If you're passionate about finance and eager to learn, this is the perfect opportunity to kickstart your career!

Qualifications

• Strong analytical and portfolio management skills are essential.
• Must obtain Series 7 and 63/65 licenses within a specified timeframe.

Responsibilities

• Develop and service client segments, including next generation.
• Coordinate technological support for portfolio analysis and proposals.

Skills

Causation Analysis

Financial Management

Investment Management

Trading Strategy

Trading and Investment Analysis

Portfolio Analysis

Portfolio Management

Price Verification and Valuation

Trade Monitoring

Trading

Client Investments Management

Client Solutions Advisory

Financial Analysis

Financial Forecasting and Modeling

Wealth Planning

Education

High School Diploma / GED

Tools

Salesforce

Job description

Job Description:

Merrill Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, and institutions. Merrill 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.

Merrill’s Financial Advisors and Wealth Management Client Associates help clients pursue the life they envision through a personal relationship with their advisory team committed to their needs. We believe trust comes from transparency. Our trusted advisory teams are equipped with access to Merrill's investment insights, coupled with the banking convenience of Bank of America.

Merrill is committed to an in-office culture with specific requirements for office-based attendance, allowing for an appropriate level of flexibility based on role-specific considerations.

At Merrill, we empower you to bring your whole self to work. We value diversity in our thoughts, business, employees, and clients. Our Wealth Management team comprises individuals from diverse backgrounds, bringing unique perspectives, ideas, and experiences, fostering a culture that is driven, resilient, results-focused, and effective.

Job Description:

This EGP Trainee program aims to develop candidates to further service the FA Teams' client base. The Trainee role allows individuals to become fully licensed and obtain necessary designations before advancing to the full EGP Specialist role. It operates in a marketing and sales development capacity by implementing and executing the Elite Growth Practice (EGP). Specific responsibilities may vary depending on the team’s practice. Performance is evaluated through goals, metrics, and behaviors related to the EGP model.

Core Responsibilities:

• Develop and service client segments, including the next generation and beneficiaries.
• Gather additional assets from existing clients and deepen relationships by partnering with Merrill colleagues to deliver comprehensive solutions.
• Coordinate technological support for portfolio analysis, proposals, and direct mail campaigns using Salesforce and other tools.
• Provide technical expertise in product areas such as Corporate 401(k), Rule 144, Insurance, and Wealth Management Workstation.
• Support marketing and organizational efforts.
• This role is subject to SAFE Act registration requirements, including registration, background checks, and compliance.

Position Details:

The Elite Growth Practice (EGP) Private Wealth Investment Management Specialist role may be filled at Trainee, Specialist, or Senior levels, depending on experience and team needs. The Trainee is a non-exempt position for those lacking required licenses or designations, with the opportunity to become fully licensed and obtain necessary designations. Licenses such as Series 7 and 66 (or 63 & 65) must be obtained within a specified timeframe for advancement.

The EGP Specialist is responsible for defining the investment management philosophy for the Financial Advisor(s) and/or Advisor Team(s), developing portfolio analysis, and ensuring alignment with client goals. They deliver investment products and services, partner with specialists, and prepare client performance reviews.

Skills:

• Causation Analysis
• Financial Management
• Investment Management
• Trading Strategy
• Trading and Investment Analysis
• Portfolio Analysis
• Portfolio Management
• Price Verification and Valuation
• Trade Monitoring
• Trading
• Client Investments Management
• Client Solutions Advisory
• Financial Analysis
• Financial Forecasting and Modeling
• Wealth Planning

Required Qualifications:

• Series 7, 63/65, or 66 (or equivalent); must obtain all state registrations held by supported advisors if not already held.
• SAFE Act Registration; ADV-2B Required.
• Obtain and maintain at least one firm-approved designation.
• Strong communication skills.
• Thorough knowledge of Wealth Management products and services.
• Strong analytical and portfolio management skills.
• Ability to make sound investment decisions based on best practices and policies.
• Ability to identify client needs and articulate solutions effectively.

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent.

Shift: 1st shift (United States of America)

Hours Per Week: 37.5