Wealth Planner - EGP

Bank of America; Northbrook (IL); On-site; USD 52,000 - 96,000; Full time

Job summary

Bank of America’s Merrill Wealth Management division seeks a financial planning professional in Northbrook, IL to deliver comprehensive wealth management solutions for individuals and institutions. You’ll work with advisory teams to identify opportunities, analyze data, and craft robust financial plans while coordinating with specialists across the bank.

In-office attendance is expected with flexible role considerations.

Qualifications

• Series 7, 63/65 or 66 or equivalent; must obtain all state registrations held by the Financial Advisor(s) and Advisor Team(s) they support SAFE ACT Registration; CFP® or CPWA® designation and/or obtain/maintain at least one firm approved designation
• Strong client experience delivery and knowledge of Wealth Management products and services
• Advanced communication and relationship management skills

Responsibilities

• Leverages extensive financial data to identify possible solutions to meet client needs and goals
• Schedules, prepares, and attends client meetings to review plans, capture changes, and discuss next steps
• Monitors, updates, and maintains client information in planning tools
• Engages with specialists to address client needs and deliver solutions

Skills

Client Investments Management

Wealth Planning

Portfolio Analysis

Portfolio Management

Trading and Investment Analysis

Investment Management

Data Visualization

Risk Modeling

Business Development

Client Management

Causation Analysis

Referral Identification

Education

High School Diploma / GED / Secondary School or equivalent

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 the investment insights of Merrill coupled with the banking convenience of Bank of America. Merrill is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role‑specific considerations. At Merrill, we empower you to bring your whole self to work. We value diversity in our thoughts, business, and within our employees and clients. Our Wealth Management team represents an array of different backgrounds and bring their unique perspectives, ideas and experiences, helping to create a work community that is culture driven, resilient, results focused and effective. Internal employees who are currently working from home are still eligible to apply. However, if selected for the role, you may be required to work onsite in accordance with the workplace excellence policy.

Key Responsibilities

This job is responsible for working with Financial Advisor (FA) teams to provide comprehensive financial planning solutions. Key responsibilities include identifying strategic investment opportunities, driving financial planning by gathering and analyzing data to create robust financial plans, and fostering internal relationships. Job expectations include having knowledge of Estate and Gift Taxes, Philanthropy, Trust Structures, Insurance, Income Tax Planning, and Investment Management and a comprehensive understanding of the suite of solutions, platforms, and initiatives across the bank. This position may be responsible for the provision of residential mortgage loans, and as such, is subject to SAFE Act registration requirements. Pursuant to the SAFE Act requirements, all employees engaged in residential mortgage loan originations must register with the federal registry system and remain in good standing. Since this position requires SAFE Act registration, employees are required to register and to submit to the required SAFE Act background check. Failure to obtain and/or maintain SAFE Act registration may result in disciplinary action up to and including termination.

Responsibilities

• Leverages extensive financial data to identify possible solutions to meet client needs and goals


• Schedules, prepares, and attends client meetings to review plans, capture changes, and discuss next steps


• Monitors, updates, and maintains client information in a related planning tool and plans on a consistent basis


• Engages with specialists and partners to address client needs and deliver solutions

Required Qualifications

• Series 7, 63/65 or 66 or equivalent; must obtain all state registrations held by the Financial Advisor(s) and Advisor Team(s) they support SAFE ACT Registration; ADV-2B Required CFP® or CPWA® designation and/or obtain/maintain at least one firm approved designation


• Understanding of how to deliver a strong overall client experience


• Thorough knowledge and understanding of the suite of Wealth Management products and services


• Possess and demonstrate strong communication skills


• Superior relationship management skills to partner effectively with specialists and across lines of business to meet the needs of clients


• Strong analytical skills with the ability to identify trends, root cause and effects and develop strategies to increase growth and mitigate risk


• Ability to make sound decisions by having a deep understanding of financial planning best practices and policies/procedures


• Ability to identify client needs and concerns and articulate appropriate approach to align solutions to goals in a suitable and controlled way

Skills

• Business Development


• Client Investments Management


• Portfolio Analysis


• Portfolio Management


• Wealth Planning


• Causation Analysis


• Client Management


• Data Visualization


• Risk Modeling


• Trading and Investment Analysis


• Investment Management


• Referral Identification

Minimum Education Requirement

High School Diploma / GED / Secondary School or equivalent

Shift

Shift: 1st shift (United States of America)

Hours Per Week

Hours Per Week: 40

Pay and benefits information

Pay Transparency details US - IL - Northbrook - 1033 SKOKIE BLVD (IL3518) Pay and benefits information Pay range $52,000.00 - $96,000.00 annualized salary, offers to be determined based on experience, education and skill set. Formulaic incentive eligible 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. Formulaic plans may be comprised of monthly, quarterly and/or annual incentive opportunities. Incentives are earned based on the employee’s performance against defined metrics.

Benefits

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.

Privacy Statement

Privacy Statement: https://careers.bankofamerica.com/en-us/privacy-notice

Company Culture & Values

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! Partnering Locally Learn about some of the ways Bank of America is making a difference in the communities we serve. Global Impact Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates. Opportunity and Inclusion Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success. Our Values Learn about our four values that represent what we believe. Pay Transparency: https://careers.bankofamerica.com/en-us/pay-transparency