Job Description:
A centralized brokerage team to provide dedicated brokerage services to Private Bank clients who dont have or require a relationship with a local FA team. The Financial Advisor (FA) is a licensed retail broker position that provides investment advice and recommendations to clients. Profiling activities to determine a client investor profile, financial resources objectives, time horizon and preferences. Providing advice and guidance to clients on investment and related planning strategies. Recommendation of investment products and services that are suitable for prospects and clients based on their objectives, resources, time horizon, risk profile, and preferences. Financial Advisors may engage in some mortgage related activities, but others are not permitted unless they are dually employed by MLPF&S and the Bank of America, NA. The requirements for dual employment and the permissible and non-permissible activities are described in Mortgage and Credit Policy in the Merrill Lynch Global Wealth and Investment Branch Office Compliance Manual.
Additional Detail:
This Brokerageand Advisory Solutions FA is a non-commission based, retail broker position that operates as part of a centralized coverage team that provides dedicated brokerage services to UHNW Private Bank clients. Initial client/prospect engagement and introduction is initiated by the Private Bank and referred to this team for partnership to provide investment advice and recommendations to clients that includes full securities execution support and brokerage account servicing.
Responsibilities:
- Execution and recommendation of investment products, strategies and services that are suitable for clients based on their objectives, resources, time horizon, risk profile, and preferences;
- Providing advice and guidance to clients on investment and related planning strategies;
- Periodic analysis, review and adjustment of client portfolios to measure progress toward goals;
- Delivery of an appropriate level of service over the lifetime of the client relationship based on the needs and level of sophistication of the client situation;
- Effective use of consultative sales and presentation skills for client development as needed;
- Staying informed of industry and firm/enterprise product trends and issues;
- Completing mandated training and continuing education requirements as requested;
- Partnering with Private Bank portfolio manager, other Financial Advisors, Product Specialists and other subject matter expertise personnel as needed to deliver client solutions
- Strictly adhering to compliance and industry regulations; includes ongoing monitoring and suitability of products
Required Qualifications:
- 15+ years experience managing a successful book of business
- Trading experience across multiple asset classes and implementing complex investment strategies a plus
- Excellent communication skills, both written and verbal; ability to convey complex strategies to UHNW clients
- Proven relationship building and business partnering skills
- Strong client service experience
Skills:
- Client Investments Management
- Expertise in trading equities, fixed income, derivatives, and alternative assets as well as complex trading strategies
- Strong analytical and problem-solving abilities.
- Ability to thrive in a fast-paced, high-stakes environment.
- Client-focused with a deep understanding of UHNW individuals' investment needs.
Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent
- Bachelor27s degree in Finance, Economics or related field; advanced degrees and/or (CFA, CFP) is preferred.
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - NY - New York - 225 LIBERTY ST (NY3002)
Pay and benefits information
Pay range
$70,000.00 - $150,000.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
