Bank of America Private Wealth Analyst - Relationship Management in Chicago, Illinois
Merrill Lynch Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals and businesses. With 10,869 Financial Advisors and $1.9 trillion in client balances as of December 31, 2015, Merrill Lynch is among the largest businesses of its kind in the world.
Merrill Lynch Wealth Management specializes in goals-based wealth management, including planning for retirement, education, legacy, and other life goals through investment advice and guidance. Merrill Lynchs financial advisors 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.
The Analyst (Registered) is a fully paid or firm paid (exception only), salaried, exempt position on the Financial Advisor Team to further develop and service their client base. The Analyst is responsible for implementing and executing the Optimal Practice Model (OPM) in their specific functional role (i.e. Business Development, Business Management, Relationship Management or Investments). Specific accountabilities for the role may vary depending on the team’s practice. Performance is measured by the FA or FA team, along with OMT, through specific goals, metrics, and behavior related to the execution of the OPM function. The Analyst (Non Registered) is a non-exempt position for a non -licensed hire lacking a license and/or designation, until fully licensed and designation achieved. The Analyst (Registered) is a non-exempt position for licensed employees that are in progress of completing their designation in 12-months.
Define investment philosophy and strategy and clearly articulate an investment philosophy to include ‘investment management policy statement’ asset allocation strategies, portfolio construction, etc.
Manage client portfolios using a fully documented investment philosophy that meets client objectives- evaluating and employing available investment selections that support client objectives and mitigate risk
Incorporates liquidity management and cash management as part of overall investments/ wealth management plan, proactively monitoring money in motion based on client’s desire for yield, security and/or convenience
Deliver solutions to meet clients’ specialized lending needs, including custom mortgage, specialty lending (art, yacht, aircraft, etc.) to meet their needs
Assess portfolio performance and create customized client reports using available systems (e.g. CRC) to streamline data gathering that present financial information according to client preferences and objectives
Either Series 7 and 66 licenses or Series 7, 63, and 65 licenses
All state licenses in support of FA or FA Team’s client base
All product licenses in support of FA or FA Team’s client base
Maintain at least one firm approved designation
Safe Act Registered
Posting Date : 08/16/2018
Chicago, IL, 540 W MADISON ST (IL4540),
- United States
Travel : No
Full / Part-time : Full time
Hours Per Week : 40
Shift : 1st shift
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