Wealth Strategist

Bank of America; Dallas (TX); On-site; USD 120,000 - 150,000; Full time

Job summary

A leading financial institution in Dallas seeks a Private Wealth Strategist to develop wealth transfer strategies for ultra-high net worth individuals and families. The role involves creating personalized planning strategies, partnering with Advisors, and assisting with UHNW client retention. A law degree and extensive experience in transfer taxation are required. The position offers a collaborative work culture and focuses on achieving client goals aligned with wealth management.

Qualifications

• Minimum 7 years of experience in transfer taxation or trusts and estates planning for UHNW families.
• Strong tax and legal research skills.
• Ability to obtain Series 7 & 66 licenses within 120 days.

Responsibilities

• Develop wealth transfer strategies for UHNW individuals and families.
• Design and deliver client presentations.
• Partner with Advisors in client solicitation efforts.
• Assist in creating customized planning strategies.
• Author whitepapers and articles on UHNW topics.
• Help retain UHNW client 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

Law degree

Tools

Microsoft Office Suite

Brentmark Estate Planning Tools

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.

At Merrill, we are committed to an in‑office culture with specific requirements for office‑based attendance, 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.

The Private Wealth Strategist, part of Merrill’s Strategic Wealth Advisory Group, works with UHNW individuals and families to provide objective insights aimed at aligning financial and estate strategies with their goals. This is a highly visible position within Merrill Private Wealth Management (PWM) that works closely with Merrill advisors and PWM management in the assigned territories. The role partners with Merrill Advisors in client solicitation efforts and generating wealth transfer strategies for our UHNW clients and prospects. Develop recommendations and assist Advisors 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, 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.

Core 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

Desired Skills

• 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).

Minimum Education Requirement

Law degree required.

Additional Information

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.

Shift: 1st shift (United States of America)

Hours per week: 40