Associate Wealth Strategist
Bank of America
Company Bank of America
Job Title Associate Wealth Strategist
Location: Denver, CO, 80238, USA
Description **Job Description:**
The Associate Wealth Strategist is a highly visible position that is responsible for working closely with Wealth Strategists, Private Wealth Advisors (PWAs), Financial Advisors (FAs) and management in the assigned markets. The primary responsibilities of this role are to help develop wealth transfer strategies for the UHNW clients ($25mm+) of PWAs and FAs, enhancing client relationships with the firm and resulting in a) acquisition of new clients, b) expansion of existing wallet share, and c) retention of clients. The successful candidate will have an in-depth knowledge of Estate and Gift Taxes, Philanthropy, Trust Structures, Insurance, Income Tax Planning, and Investment Management. This includes a comprehensive understanding of Merrill Lynchs suite of solutions, platforms, and initiatives.
Support Wealth Strategists
Assist wealth strategists in client engagements, thought leadership, and speaking events
Client Meetings & Events
Co-lead with Advisors and other Wealth Strategists at client meetings on a broad range of wealth transfer strategies and estate planning topics.
Communicate with outside advisors such as estate planning attorneys, accountants, and family offices.
Present on the topic of wealth transfer and estate planning at national, regional, and team events.
In conjunction with other Wealth Strategists, develop recommendations and assist the Advisors to implement customized planning strategies for clients.
Advisor Team Preparation
Educate Advisors on wealth transfer strategies and estate planning topics.
Participate in financial advisor segmentation testing.
Stay current on technical developments.
In conjunction with other Wealth Strategists, author whitepapers, articles, and other material on topics impacting the UHNW client segment.
Serve as a technical resource on the topics of wealth transfer and estate planning.
Centers of Influence Relationship Building
Collaborate and partner with other areas of the firm including the Center for Family Wealth Dynamics TM , trust and insurance specialists, lending, structured desk, etc.
Enterprise Role Overview:
Manages diverse administrative functions usually for a very large, complex department or business unit. Functions managed may include: financial control/budgeting and consolidation, personnel processes, audit/compliance, premises, and coordination of certain projects, associate training, service quality, process improvement, business continuity, or communication. May consult with senior management to define and manage projects that encompass and impact many associates. Requires a thorough knowledge of the department or business unit's functional area or products. Working knowledge of general bank policies, programs and procedures and financial/accounting practices. May have full management responsibility over a team or may manage one level of managers.
+ Law degree or CPA license
+ Advanced degree or certification (e.g. LL.M, MST, PFS, CPWA) strongly preferred
+ Series 7, 63/65 or 66 required (or ability to obtain within 120 days)Work Experience:
+ Minimum of 5 years of private practice or planning experience for UHNW families and individuals
+ Previous experience in the financial services industry
+ In-depth experience with computer programs (e.g. Excel, Estate Planning Tools, BNA Estate & Gift Tax Planner, WealthTec)Other:
+ Solid tax and legal research skills.
+ Excellent communication and presentation skills
+ Travel - 15%
**Posting Date** : 12/21/2016
**Location** : US-CO-Denver
**Travel** : Yes, 5% of the time
**Full / Part-time** : Full time
**Hours Per Week** : 40
**Shift** : 1st shift
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