Wealth Management Specialist

About the role

This EGP Trainee position is a training program designed to develop and prepare candidates to further develop and service the Financial Advisor (FA) Teams' client base. The role allows the EGP Specialist to become fully licensed and obtain the appropriate designations before taking on the full EGP Specialist role. This position operates in a marketing and sales development capacity by implementing and executing the Elite Growth Practice (EGP). Specific accountabilities may vary depending on the team’s practice, with performance measured by the FA or FA team through specific goals, metrics, and behaviors related to the execution of the EGP model.

The Elite Growth Practice (EGP) Private Wealth Relationship Manager position may be filled at a Trainee, Specialist, or Senior level, depending on the candidate's experience and the needs of the Financial Advisor Team. The Trainee is a non-exempt position for hires lacking required security licenses and/or designations, allowing the individual to become fully licensed and achieve the necessary credentials for the Specialist role. If Series 7 and 66 (or 63 & 65) licenses and an approved designation are not currently held, they must be obtained within a specified timeframe to be eligible for the Specialist position.

This role is subject to SAFE Act registration requirements. All employees engaged in residential loan mortgage originations must register with the federal registry system and remain in good standing. Failure to obtain and/or maintain SAFE Act registration may result in disciplinary action up to and including termination.

Responsibilities

• Develop and service client segments, including the next generation and their beneficiaries, to gather additional assets and deepen relationships by partnering with all Merrill partners to deliver comprehensive solutions.
• Coordinate technological support through portfolio analysis, proposals, and direct mail campaigns utilizing Salesforce and other tools.
• Provide technical expertise in product areas such as Corporate 401(k), Rule 144, Insurance, and Wealth Management Workstation.
• Provide marketing and organizational support to the Financial Advisor team.
• Support the FA team in enhancing existing client relationships, with more than 50% of time dedicated to relationship management activities.
• Assist with and attend client meetings covering investment strategy, account performance, new products, and market developments to promote growth and acquisition.
• Engage portfolio managers, product specialists, and/or team Senior Wealth Planner and Investment Management Specialist to coordinate sales and service activities.
• Work with the Financial Advisor and/or team Senior Business Manager to develop, implement, and monitor the team’s client service model.
• Maintain an understanding of the Chief Investment Office (CIO) philosophy, proprietary planning, and investment management tools.
• Monitor, analyze, and review the current market environment and research portfolio recommendations.
• Manage client portfolios to align with client goals, objectives, risk tolerance, and time horizons.
• Review and manage team proprietary models to align with current market assumptions by participating in CIO and manager updates.
• Create analytical reports for Financial Advisors to review client investment portfolio performance against market returns.
• Assess and share pricing findings with clients to ensure understanding of the value of advice and accompanying solutions.

Qualifications

• Either Series 7 and 66 licenses or Series 7, 63, and 65 licenses; must obtain all state registrations held by the Financial Advisor(s) and Advisor Team(s) they support. If not currently held, must be obtained within a specified timeframe to be eligible for the Specialist position.
• SAFE Act Registration and ADV-2B required.
• Obtain and/or maintain at least one firm-approved designation.
• High School Diploma, GED, or equivalent (minimum education requirement).

Skills

• Causation Analysis
• Financial Management
• Investment Management
• Trading Strategy and Analysis
• Portfolio Analysis and Management
• Price Verification and Valuation
• Trade Monitoring
• Client Investments Management
• Client Solutions Advisory
• Financial Analysis, Forecasting, and Modeling
• Wealth Planning
• Strong communication skills
• Thorough knowledge of Wealth Management products and services
• Strong analytical and portfolio management skills with the ability to identify trends and implement investment strategies
• Ability to make sound decisions based on investment management best practices and policies/procedures
• Ability to identify client needs and articulate appropriate solutions aligned with goals in a suitable and controlled manner

Schedule

1st shift (United States of America)

Hours Per Week: 37.5