Wealth Management Specialist

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 that supports collaboration, engagement, and career development. Our approach includes clear in‑office expectations, while providing an appropriate level of flexibility based on role‑specific responsibilities and business needs. At Merrill, we empower you to bring your whole self to work. We value the unique perspectives in our thoughts, business, and within our employees and clients. Our Wealth Management team represents an array of different skills and experiences that individuals bring from all backgrounds and careers; whether gained through military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impacting the communities we serve. 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. Elite Growth Practice (EGP) Private Wealth Relationship Manager The EGP Trainee is a training program to develop and prepare candidates to further develop and service the FA Teams client base. The Trainee role allows an EGP Specialist to become fully licensed and require the appropriate designations before taking on the full EGP Specialist role. This position operates in a marketing and sales development role by implementing and executing the Elite Growth Practice. Specific accountabilities for the role may vary depending on the team’s practice. Performance is measured by the FA or FA team through specific goals, metrics, and behaviors related to the execution of the EGP model. Core responsibilities include developing and servicing client segments and the next generation and their beneficiaries, gathering additional assets from the existing client base, deepening relationships by partnering with all Merrill partners to deliver a full breadth of solutions, and coordinating technological support through the development of portfolio analysis, proposals and direct mail campaigns utilizing Salesforce and other tools and resources. The role also requires providing technical expertise in certain product areas (e.g., Corporate 401(k), Rule 144, Insurance, Wealth Management Workstation) and marketing and organizational support. The position is designed to allow employees to study and obtain all required registrations. It may be responsible for the provision of residential mortgage loans and is subject to SAFE Act registration requirements. Pursuant to those requirements, all employees engaged in residential mortgage loan originations must register with the federal registry system, remain in good standing, and undergo the required background check. Failure to obtain and/or maintain SAFE Act registration may result in disciplinary action up to and including termination. The EGP Private Wealth Relationship Manager position may be filled at a Trainee, Specialist or Senior level depending on the candidate’s experience and the needs of the Financial Advisor Team. The Trainee is a non‑exempt position for a hire lacking required security licenses and/or designation. The position allows the individual to become fully licensed and achieve the appropriate designations required for the role. If Series 7 and 66 (or 63 & 65) licenses and an approved designation are not currently held, they must be obtained within a specified timeframe to be eligible for the Specialist position. Private Wealth Relationship Managers Private Wealth Relationship Managers further develop and enhance existing client relationships. They spend the majority of their time on relationship management activities, acting as a key point of contact for clients on any non‑administrative requests or needs. They assist with and attend client meetings and discussions covering investment strategy, account performance, new products, and market developments in an effort to promote growth and acquisition. They engage portfolio managers, product specialists and/or relevant team members to support the coordination of all sales and service activities. They work with the Financial Advisor and/or team Senior Business Manager to develop, implement, and monitor the team’s client service model. Role Responsibilities Identify and own the client onboarding process Document client interactions and provide the team with time‑sensitive updates Execute on team service model Assist the Financial Advisor Team and/or Senior Business Manager in developing and monitoring the team’s client book segmentation strategy Engage specialists/partners to address client needs Identify and own the client offboarding process Attend client review meetings to assist in re‑discovery conversations, capture notes and follow up in Salesforce, and track all actions/activities to ensure the highest level of client service Monitor and report on client satisfaction and manage the resolution of client escalations Role Requirements Either Series 7 and 66 licenses or Series 7, 63 and 65 licenses; must obtain all state registrations held by the Financial Advisor(s) and Advisor Team(s) they support SAFE ACT Registration Individuals in this role are required to maintain a Form ADV‑2B, which provides clients details on the individual’s experience and educational background, along with other requirements governed by the U.S. Securities and Exchange Commission ("SEC") Obtain and/or maintain at least one firm‑approved designation Possess and demonstrate strong communication skills Ability to lead through collaboration and influence without direct authority Detail oriented with strong organizational skills, and ability to manage multiple tasks and priorities at once Thorough knowledge and understanding of the suite of Wealth Management products and services Proven ability to manage risk and support sound decisions Ability to research escalated client issues for response/resolution Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent Shift: 1st shift (United States of America) Hours Per Week: 37.5 Pay and benefits information US – CT – Greenwich – 2 PICKWICK PLZ (CT9002) Pay range: $30.00 - $45.00 hourly pay, 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. #J-18808-Ljbffr Bank of America