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Job Information

Bank of America Analyst in Sarasota, Florida

Analyst

Punta Gorda, Florida;Sarasota, Florida; Lakewood Ranch, Florida

Job Description:

Business Overview

Merrill Lynch Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, and institutions. Merrill Lynch Wealth Management is one of the largest businesses of its kind in the world specializing in goals-based wealth management, including planning for retirement, education, legacy, and other life goals through investment advice and guidance.

Job Description

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.

Analyst (Non-exempt)

  • This role is a temporary position to allow externally hired individuals to obtain their license within 6 months.

  • If they do not do so, they cannot continue in the role beyond 6 months. At the same time, they have twelve months from license completion to obtain a firm approved designation

  • Obtain license and pursue a firm approved designation

  • Develop and maintain client profiles including analysis of present position and creation of balance sheet and net worth statement. Ensure risk profiles, goals, objectives and asset allocations are appropriate.

  • Utilize Investor Personality Analysis tool

  • Deliver full range of Goals -Based Wealth Management strategies and tools and leverage specialists as appropriate.

  • Partner with internal specialists (e.g., W M bankers, Retirement specialists, PBIG, Trust and Insurance experts) and external advisors to deliver holistic goals-based financial solutions

  • Identify and establish target niche client segments and establish a strong reputation within those markets, as well as the designations to support the practice’s specialization

  • Prepare and present client reports/r reviews and measure progress to goals

  • Maintain and execute a well-developed and clear marketing plan

Analyst Registered (Non-exempt)

  • This role is a temporary position to allow externally hired individuals and internally transferred employees to obtain their designation within 12-months. Employees selecting designations with lengthier completion times will be granted the term identified by the designation organization to complete. Failure to complete the designation level per the recommended time frame will result in the employee removed from the role.

  • Pursue firm approved designation

  • Develop and maintain client profiles including analysis of present position and creation of balance sheet and net worth statement. Ensure risk profiles, goals, objectives and asset allocations are appropriate.

  • Utilize Investor Personality Analysis tool

  • Deliver full range of Goals -Based Wealth Management strategies and tools and leverage specialists as appropriate.

  • Partner with internal specialists (e.g., W M bankers, Retirement specialists, PBIG, Trust and Insurance experts) and external advisors to deliver holistic goals-based financial solutions

  • Identify and establish target niche client segments and establish a strong reputation within those markets, as well as the designations to support the practice’s specialization

  • Prepare and present client reports/r reviews and measure progress to goals

  • Maintain and execute a well-developed and clear marketing plan

Specific Accountabilities:

  • Develop and service client segments and the next generations and beneficiaries.

  • Develop, profile, and qualify new prospective clients through practice client acquisition strategies

  • Organize client events, referral alliances, and targeted seminars with a focus on strategic networking, sourcing and introductions

  • Implement Goals-Based Wealth Management process utilizing current tools and technologies for clients and prospects.

  • Gather additional assets from existing client base and deepen relationships by partnering with all GWIM partners to deliver full breadth of solutions.

  • Coordinate technological support through the development of portfolio analysis, proposals and direct mail campaigns utilizing Salesforce and other tools and resources.

  • Provide technical expertise in certain product areas (e.g. Corporate 401(k), Rule 144, Insurance, Wealth Management Workstation )

  • Provide marketing and organizational support. May support additional activities included in Good/Better/Best of OPM

Requirements:

  • If Series 7 and 66 licenses or Series 7, 63 and 65 licenses are not currently held, must be obtained within a specified timeframe if being hired into a Registered job code.

  • 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

  • Obtain and/or maintain at least one firm approved designation

  • Safe Act Registered

**This position is posted as a more senior position but is flexible to be filled as a lower level position if the posted qualifications are met by a strong lower level applicant.

Exciting opportunity for a Relationship Manager to support a well-established, fast growing Financial Advisory Team to further develop and enhance existing client relationships. The Relationship Manager will support several Senior Financial Advisors ranked by Barron’s & Forbes on one of the largest Financial Advisory Teams in Southwest Florida. In order to achieve success in this fast paced environment the successful Relationship Manager will: Serve as lead owner and relationship manager for small to medium-sized accounts; Promotes growth and acquisition through frequent client meetings and discussions covering investment strategy, account performance, new products, and market developments. Works closely with portfolio managers, product specialists and/or team Senior Financial Advisors to coordinate all sales and service activities. ensures deepening of client relationships by maintaining a thorough knowledge of Wealth Management and Enterprise lending, banking, and investment products and services, and firm policies and procedures.

Role Responsibilities

  • Serve as lead owner and relationship manager for a group of established clients (50-100 families)

  • Partner with a Senior Advisor for more complex client relationships

  • Act as a primary point of contact to existing book of clients seeking a personalized high-touch relationship

  • Document client interactions and provide team with time sensitive updates

  • Execute on team monthly contact service model

  • Schedule and prepare materials for client meetings

  • Generate and deliver financial tools-including but not limited to investment proposal, CRC etc.

  • Proactively review client plans to assess and ensure that client's needs have been met and the client's experience has exceeded expectations.

  • Identify any new opportunities through understanding clients' life changes and consult with Senior Advisor and specialist for recommendations

  • Engage FAs, specialists/partners to address client's needs

  • Host client review meetings to assist in re-discovery conversations, capture notes and follow up in Sales Force, and track all actions/activities to ensure highest level of client service

  • Lead the management and facilitation process of elevated client issues/concerns

  • Organize and facilitate client appreciation events or seminars

Shift:

1st shift (United States of America)

Hours Per Week:

37.5

Learn more about this role

Full time

JR-20042696

Manages People: No

Travel: No

Manager:

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/OFCCPEEOSupplementFinalJRFQA508c.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 America’s Drug-free workplace and alcohol policy, CLICK HERE .

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