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Private Wealth Planner

Company: Bank of America
Location: Troy
Posted on: April 30, 2021

Job Description:

Job Description: Business Overview Merrill Lynch Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, and institutions. Merrill Lynch 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. Position Description The Wealth Planner works closely with Financial Advisor(s) and/or Advisor Team(s) to provide comprehensive financial planning through strategic planning advice. He/she is focused on understanding clients' needs and goals proactively identifying strategic planning and investment opportunities to better meet client's financial objectives. Drives the planning process through execution of extensive data gathering, analyzing, and data input with the end goal of creating a robust financial plan for Financial Advisor(s) and Advisor Team(s) to share with clients. Fosters relationships with internal specialists to ensure alignment of client goals to plan and explore opportunities to further enhance client relationships. The successful candidate will have knowledge of estate and gift taxes, philanthropy, trust structures, insurance, income tax planning, and investment Management. Requires a comprehensive understanding of the suite of solutions, platforms, and initiatives across the enterprise. Role Responsibilities: Gather extensive financial information to drive plan creationEnter client information into planning toolSchedule and prepare materials for client meetingsAttend client meetings to review plan, capture changes and agree on next stepsLeverage financial data to identify possible solutions to meet client needs and goalsEngage specialists and partners to address client needs and deliver solutionsMonitor and update client information and plan changes on a consistent basis Qualifications: Series 7, 63/65 or 66 or equivalent; must obtain all state registrations in support of Financial Advisor(s) and Advisor Team(s) If Series 7, 63/65 or 66 or equivalent are not currently held, must be obtained within a specified timeframe to be eligible for Specialist position.SAFE ACT RegistrationIndividuals in this role are required to maintain a Form ADV -2B, which provides clients details on individuals experience and educational background, along with other requirements governed by the U.S. Securities and Exchange Commission ("SEC")CFP or CPWA designation preferred or obtain and/or maintain at least one firm approved designationUnderstanding of how to deliver a strong overall client experienceThorough knowledge and understanding of the suite of Wealth Management products and servicesPossess and demonstrate strong communication skillsSuperior relationship management skills to partner effectively with specialists and across lines of business to meet the needs of clientsStrong analytical skills with the ability to identify trends, root cause and effects and develop strategies to increase growth and mitigate riskAbility to make sound decisions by having a deep understanding of financial planning best practices and policies/proceduresAbility to identify client needs and concerns, and articulate appropriate approach to align solutions to goals in a suitable and controlled wayShift:1st shift (United States of America)Hours Per Week:40Learn more about this role

Keywords: Bank of America, Troy , Private Wealth Planner, Other , Troy, Michigan

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