Wealth Strategies Advisor- Private Bank

Job Overview At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. This role supports Merrill advisors who are interested in addressing their clients' objectives regarding planning, personal philanthropy, and wealth transfer/tax minimization. Responsibilities include building relationships with advisors, centers of influence, and internal partners; analyzing estate and financial information; and developing planning strategies. Responsibilities Lead the client wealth planning engagement process, including the new business review and onboarding process for initial and successor trustee appointments and managed agency services. Develop holistic, integrated planning strategies implemented in concert with the clients’ advisors, where appropriate. Expand existing client relationships and acquire new assets to achieve assigned goals for Merrill Lynch Wealth Management, Trust Services referrals and New Trust Sales assets. Demonstrate advanced technical knowledge across a broad range of wealth planning topics such as trust and estate, income and wealth transfer tax, investments, retirement and cash flow modeling, sale of business entities, and philanthropic planning. Follow major developments in trust, estate/wealth transfer and financial planning, current and proposed tax legislation and understand the impact on clients. Engage Merrill market leaders to drive ultra-high net worth client engagement focused on addressing the planning, personal philanthropy, and wealth transfer/tax minimization needs. Desired Skills Knowledge of multiple aspects of Wealth Strategy and implementation including property law, estate and gift taxes, planning for incapacity, probate and estate settlement, split interest trusts and charitable giving, fiduciary duties, accounting and taxes, sophisticated retirement planning, fiduciary investing and administration. Ability to translate and communicate complex concepts and strategies to varied audiences (clients, advisors, attorneys, accountants, internal partners). Proactive and creative approach to problem solving and skill in achieving client goals while adhering to Bank policy and risk profile. Consultative influence skills with strong active listening and discovery abilities. Professional presentation, communication, and relationship management skills and ability to influence decision making. Collaborative and able to work well in a team environment. Self‑starter with ability to work under pressure with minimal hands‑on direction. Desired Qualifications 5 years of wealth planning related work experience (wealth transfer, financial planning, trust planning and/or experience working with high net worth and ultra‑high net worth clients). Proven track record of successful sales experience working with high net worth and ultra‑high net worth clients. JD, CPA, MBA, CFA, CIMA, CTFA or CFP preferred. 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 Minimum Education Requirement High School Diploma / GED / Secondary School or equivalent Legal Notice The following laws or regulations restrict or prohibit the hiring of individuals with certain specified criminal history for the position: FDIC. Shift & Hours 1st shift (United States of America). 40 hours per week. #J-18808-Ljbffr Bank of America