Wealth Strategies Advisor

About the role

This position serves as a specialized resource for Advisor teams interested in wealth planning services to address their high- and ultra-high net worth clients' trust, estate/wealth transfer, and financial planning needs. You will build relationships with Advisor teams, clients, prospects, and centers of influence, perform technical analyses of clients' estate and financial information, and develop planning strategies with a focus on the bank's ability to implement those strategies alongside clients' Advisors.

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.
• Develops holistic, integrated planning strategies for clients, emphasizing how Bank of America can help implement those strategies in concert with the clients’ advisors.
• Expands existing client relationships and assists Advisors in new business opportunities with high- or ultra-high net worth clients and prospects interested in wealth planning.
• Demonstrates advanced technical knowledge across wealth planning topics such as trust and estate planning, income and wealth transfer tax planning, investments, retirement planning, cash flow modeling, sale of business entities, and philanthropic planning.
• Stays up-to-date with major developments in trust, estate/wealth transfer, and financial planning, including current and proposed tax legislation and its impact on clients.
• Builds a network with local centers of influence to create a business referral network.
• Travel up to 10% of the time.

Qualifications

• Ability to gain a client's respect and trust by listening to their goals and building effective, creative strategies.
• Advanced understanding of income taxation, stock options, insurance, investments, cash flow modeling, 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).
• Experience expanding client relationships, assisting advisors in new sales, and representing the firm in the marketplace.
• Proficiency in Word, Excel, PowerPoint, and wealth planning software such as WealthMaster.

Desired Qualifications

• Minimum 7 years of planning-related work experience.
• JD, CPA, or CFP certification.
• LLM, MST, or MBA (or in progress) is 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

Education

High School Diploma / GED / Secondary School or equivalent.

Schedule

Full-time (40 hours per week), 1st shift (United States of America).