Bank of America Corporation

Wealth Strategies Advisor

Bank of America Corporation$80K — $120K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in wealth planning
  • Advanced knowledge of income taxation and financial vehicles
  • Expertise in transfer tax systems and core tax strategies
  • Familiarity with charitable trusts and estate planning instruments
  • Strong relationship-building skills with clients and advisors
  • Proficient in Word, Excel, PowerPoint, and financial modeling software
  • Professional certifications like JD, CPA, or CFP preferred

Responsibilities

  • Leads comprehensive wealth planning engagements for clients
  • Collaborates with Wealth Strategy teams to develop solutions
  • Creates integrated planning strategies aligning with bank resources
  • Enhances client relationships and drives new business opportunities
  • Applies advanced technical knowledge across diverse wealth planning areas
  • Monitors developments in financial and tax legislation affecting clients
  • Establishes networks with local influencers for business referrals

Benefits

  • Up to 10% travel opportunity
  • Work from home flexibility for eligible employees
  • Supportive team environment
  • Access to professional development resources
  • Comprehensive benefits package
Full Job Description

Job Description:

Job Description:

This job is responsible for serving as a specialized resource for Advisor teams who are interested in wealth planning services to address their high- and ultra-high net worth clients' trust, estate/wealth transfer, and financial planning needs. Key responsibilities include building relationships with Advisor teams, clients, prospects, and centers of influence, performing technical analyses of clients' estate and financial information, and developing planning strategies while focusing on the bank's ability to implement those strategies with clients' Advisors where appropriate.

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 based on these analyses
  • Develops holistic, integrated planning strategies for clients with a focus on how Bank of America can help implement those strategies in concert with the clients27 advisors where appropriate
  • Expands existing client relationships and assists Advisors in new business opportunities with high- or ultra-high net worth clients and prospects who are interested in wealth planning
  • Demonstrates advanced technical knowledge across a broad range of wealth planning topics such as trust and estate planning, income and wealth transfer tax planning, investments, retirement planning and 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, while following current and proposed tax legislation and understanding the impact on clients
  • Builds a network with local centers of influence to create a business referral network of clients who would benefit from the bank's services
  • Up to 10% Travel Expected

Key Qualifications:

  • Ability to gain client's respect and trust by listening to the client's goals and then building an effective and creative strategy for achieving those goals.
  • Advanced understanding of a wide range of subject matters including income taxation, stock options, insurance, investments and 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).
  • Expand existing client relationships, assist advisors in new sales, and represent the firm in the marketplace.
  • Word, Excel, and PowerPoint.
  • Various Wealth Strategy stochastic models and planning software such as WealthMaster.

Desired Qualifications:

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

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

For internal employees; participation in a work from home posture does not make you ineligible to post.

Shift:

1st shift (United States of America)

Hours Per Week:

40

About Bank of America Corporation

Bank of America Merrill Lynch is the corporate and investment banking division of Bank of America. It provides services in mergers and acquisitions, equity and debt capital markets, lending, trading, risk management, research, and liquidity and payments management. It was formed through the combination of the corporate and investment banking activities of Bank of America and Merrill Lynch following the acquisition of the latter by the former in January 2009. Bank of America completed the acquisition of Merrill Lynch & Co on 1 January 2009. Bank of America began rebranding all of its corporate and investment banking activities under the Bank of America Merrill Lynch name in September 2009. In April 2010, Bank of America Merrill Lynch appointed Christian Meissner as head of investment banking for Europe, Middle East and Africa. In April 2011, Bank of America Merrill Lynch integrated its corporate and investment banking operations into a single division. In October 2013, Bank of America Merrill Lynch was recognised as the Most Innovative Investment Bank of the Year in The Banker's Investment Banking Awards.

Bank of America Corporation Careers

Join the dynamic team at Bank of America Corporation, a premier global financial institution where innovation, leadership, and growth go hand in hand. As one of the largest banks in the world, we offer unparalleled job opportunities and a culture that values diversity, inclusion, and professional growth. Work You’ll Do At Bank of America Corporation, you’ll be part of a team that’s dedicated to making a real difference. Whether you’re helping families buy their first home, advising businesses on expansion, or developing cutting-edge financial technologies, your work will have an impact. Our commitment to leadership in the financial industry has never been stronger, and we need passionate, skilled professionals to lead our journey. Explore a World of Opportunities From entry-level positions to leadership roles, Bank of America Corporation offers a variety of career paths in areas such as investment banking, technology, marketing, and risk management. Our job opportunities span the globe, providing the chance to work alongside the best in the industry and develop skills that will propel your career forward. Internship Programs Kickstart your career with Bank of America Corporation’s internship programs. These opportunities provide hands-on experience and a chance to engage in meaningful work that complements your academic studies. Interns gain invaluable networking opportunities, receive mentorship from seasoned professionals, and learn about the culture and operations of a global financial leader. Benefits and Growth Bank of America Corporation is committed to the well-being and continuous professional development of our team members. We offer a competitive benefits package that supports the health, financial stability, and work-life balance of our employees. Our training programs and development initiatives ensure that every team member has the opportunity to grow and advance within the company. Inclusive Culture We believe our strength lies in our diversity. Bank of America Corporation fosters an inclusive environment where all employees can thrive. Through diversity training and a commitment to equal opportunities, we cultivate leadership and innovation that reflect the wide-ranging communities we serve. Join Our Team Are you ready to advance your career at a company that’s at the forefront of the financial industry? Explore the positions available at Bank of America Corporation and find where your skills and interests align with our needs. We are continuously hiring and looking for individuals who are curious, creative, and eager to drive change. Stay Connected Keep up to date with the latest from Bank of America Corporation Careers by subscribing to our job alert emails. Tailor your subscription to receive updates that match your career interests and get insider tips that can help you during your application and interview process. Bank of America Corporation is not just a company—it’s a place where you can shape your future and the future of finance. Join us and be part of a team that’s redefining what a bank can be.
Learn more about Bank of America Corporation
Size
208,000 employees
Market Cap
$260.3 billion
Industry
Net Income
$17.8 billion
Founded
1998
5 Year Trend
-1.4%
NASDAQ

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