Wealth Strategies Advisor

Bank of America

Orlando (FL)

On-site

USD 90,000 - 150,000

Full time

14 days+

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Job summary

Bank of America Wealth Planning Specialist role focused on high- and ultra-high-net-worth clients, delivering estate and wealth transfer planning alongside Advisors. You will analyze client data, craft comprehensive strategies, and coordinate implementation with Advisors to optimize outcomes.

Key duties include leading engagements, expanding client relationships, staying current on tax developments, and leveraging WealthMaster tools to model plans. Travel up to 10% may be required.

Qualifications

Minimum 7 years of planning-related work experience.
Advanced understanding of trust, estate and wealth transfer planning and taxes.
Experience using wealth planning software and modeling tools.
Ability to translate client goals into strategic plans and actionable steps.

Responsibilities

Leads the wealth planning engagement process with clients from start to finish.
Collaborates with Wealth Strategy Specialists to gather data, run analyses, and develop planning solutions.
Develops holistic planning strategies focused on implementing with clients' advisors.
Expands client relationships and supports Advisors in new opportunities with high-net-worth clients.
Stays current on tax legislation and its impact on clients' planning.
Builds a referral network with local centers of influence; travel up to 10%.

Skills

Critical Thinking

Oral Communications

Presentation Skills

Wealth Planning

Written Communications

Active Listening

Business Development

Collaboration

Customer and Client Focus

Networking

Issue Management

Prioritization

Education

High School Diploma / GED / Secondary School or equivalent

J.D., CPA, or CFP

LLM, MST, MBA (or in progress)

Tools

WealthMaster

PowerPoint

Word

Excel

Job description

Job Description

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 serving as a specialized resource for Advisor teams who are interested in wealth planning services to address their high- and ultra-high net worth clients' trust, estate/wealth transfer, and financial planning needs. Key responsibilities include building relationships with Advisor teams, clients, prospects, and centers of influence, performing technical analyses of clients' estate and financial information, and developing planning strategies while focusing on the bank's ability to implement those strategies with clients' Advisors where appropriate.

Responsibilities

Leads the wealth planning engagement process with clients from start to finish
Works with Wealth Strategy Specialists and/or Wealth Strategy Analysts to gather information, run analyses, and develop planning solutions based on these analyses
Develops holistic, integrated planning strategies for clients with a focus on how Bank of America can help implement those strategies in concert with the clients’ advisors where appropriate
Expands existing client relationships and assists Advisors in new business opportunities with high- or ultra-high net worth clients and prospects who are interested in wealth planning
Demonstrates advanced technical knowledge across a broad range of wealth planning topics such as trust and estate planning, income and wealth transfer tax planning, investments, retirement planning and cash flow modeling, sale of business entities, and philanthropic planning
Stays up-to-date with major developments in trust, estate/wealth transfer and financial planning, while following current and proposed tax legislation and understanding the impact on clients
Builds a network with local centers of influence to create a business referral network of clients who would benefit from the bank's services
Up to 10% Travel Expected

Key Qualifications

Ability to gain client's respect and trust by listening to the client's goals and then building an effective and creative strategy for achieving those goals.
Advanced understanding of a wide range of subject matters including income taxation, stock options, insurance, investments and cash flow modeling, business entities and business transitions.
Advanced understanding of the transfer tax system and core tax savings strategies such as irrevocable trusts, SIDGTs, and GST trusts.
Advanced understanding of charitable and non-charitable split interest trusts (CRTs, CLTS, GRATs, QPRTs).
Expand existing client relationships, assist advisors in new sales, and represent the firm in the marketplace.
Word, Excel, and PowerPoint.
Various Wealth Strategy stochastic models and planning software such as WealthMaster.

Desired Qualifications