Wealth Strategies Advisor

Job Description This role serves as a specialized resource for Advisor teams who are interested in wealth planning services to address high- and ultra-high net-worth clients' trust, estate/wealth transfer, and financial planning needs. 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 modelling, 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 modelling, 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). Desired Qualifications Minimum 7 years of planning-related work experience desired. JD, CPA, or CFP desired. LLM, MST, MBA (or in progress) a plus. Skills Critical thinking Oral communications Presentation skills Wealth planning written communications Active listening Business development Collaboration Customer and client focus Networking Issue management Prioritization Minimum Education Requirement High School Diploma / GED / Secondary School or equivalent. Work Arrangement Shift: 1st shift (United States of America) Hours per week: 40 Privacy Statement: #J-18808-Ljbffr Bank of America