1+ months

Merrill Private Wealth Management Team Private Wealth Management Program

Great Neck, NY 11023
Merrill Private Wealth Management Team Private Wealth Management Program

Great Neck, New York

**Job Description:**

Job Description

Merrill Lynch Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals and businesses.

Merrill Lynch Wealth Management specializes in goals-based wealth management, including planning for retirement, education, legacy, and other life goals through investment and wealth management. We help clients pursue the life they envision through a one-on-one relationship with a financial advisor committed to their needs an advisor with access to the investment insights of Merrill Lynch and the banking convenience of Bank of America.

Merrill Lynch Wealth Management is part of Bank of America Corporation.

The Team Private Wealth Manager (TPWM) role is a specific functional role aligned to a Private Wealth Advisor (PWA) team for the purpose of concentrating on a targeted aspect of the Teams business. The primary focus of the TPWA Investments & Financing role is to define your PWA teams investment philosophy and process by clearly articulating different investment approaches and strategies that are implemented through a repeatable process that leverages the firms research, practice skills, capabilities and perspectives on the market.

**Key Responsibilities**

Understand all aspects of an optimal practice and complete the training and development needed to prepare for a successful career as a Private Wealth Advisor

Define your teams investment philosophy and repeatable investment process

Establish investment discipline that focuses on a goals-based approach and implement through model portfolios and products available across the Merrill Lynch Platforms

Understand clients goals and recommend investment solutions aligned to them.

Remain knowledgeable on Merrill Lynch investment platforms & product offerings

Select business platforms that are efficient and scalable to accompany a growing business

Obtain relevant management designations (e.g., CIMA)

Follow disciplined process to monitor and respond to external events

Manage and monitor client portfolios by establishing portfolios using BofA Merrill Lynch Global Research and other approved outside sources that meet the stated needs of clients and reviewing portfolios for potential rebalancing quarterly

Engage in regular discussions with clients throughout the year (particularly during more volatile periods and when life events may be occurring)

Deliver on clients cash management, financing and lending strategies needs

Ensure focus on risk strategy by aligning teams to fiduciary standards

Establish and maintain relationship with the management team and inform them of any circumstances that require supervisoryattention/review/approvalper compliance guidelines and policies to help facilitate risk mitigation

Complete required training, obtain industry licenses (Series 7 & 66), master assessments, maintain continuing education requirements and meet minimum performance standards

Source prospective clients, capitalize on referrals and assess customer needs

Deliver highly customized solutions and through collaboration deliver the full resources of Bank of America Merrill Lynch

This position may be subject to SAFE Act registration requirements. Pursuant to the SAFE Act requirements, all employees engaged in residential loan mortgage originations must register with the federal registry system and remain in good standing. If your position requires SAFE Act registration, you will be required to register and to submit to the required SAFE Act background check and registration process. Failure to obtain and/or maintain SAFE Act registration may result in your immediate termination.


Proven ability to assess needs of clients and recommend appropriatesolutions/interventions

Proven ability to apply analytical skills to business problems

Proven ability to articulate approaches and concepts

Proven ability to engage with and influence others

Proven ability to work collaboratively on a team and with key partners

Proven ability to listen and probe for clarity and understanding

Ability to source clients through prospecting and networking

Ability to work in an environment where the majority of your compensation is tied to your performance

Effective communication skills (written and verbal)

Goal and results oriented

Strong follow-through skills

Computer/technical literacy and proficiency in Microsoft Word, PowerPoint, Excel

**Ideal candidate will have:**

At minimum a Bachelors Degree

Credentialed with CIMA, CFP or CFA Designation(s)

Experience working in the Financial Services Industry

Proficiency in using SalesForce / Client Relationship Manager Tool

Strong understanding of the Private Wealth Advisor role


1st shift (United States of America)

**Hours Per Week:**


Learn more about this role

Full time


Manages People: No

Travel: No


Talent Acquisition Contact:

Referral Bonus:

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "EEO is the Law" poster, CLICK HERE at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf .

To view the "EEO is the Law" Supplement, CLICK HERE at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE .


  • Banking / Finance
Posted: 2020-07-30 Expires: 2020-10-27

Success begins with building relationships.

At Bank of America, our customers are at the center of everything we do. Our focus is on helping each one find the right financial solutions. With a wide range of career opportunities available, we invite you to realize your career goals with us while assisting customers with what matters most to them.

Welcome to Careers at Bank of America.

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Merrill Private Wealth Management Team Private Wealth Management Program

Bank of America
Great Neck, NY 11023

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