Bank of America Private Wealth Services: Merrill Center for Family Wealth - Wealth Strategist/Governance-Multiple Locations in Kansas City, Missouri
Private Wealth Services: Merrill Center for Family Wealth - Wealth Strategist/Governance-Multiple Locations
New York, New York;Milwaukee, Wisconsin; San Jose, California; Cincinnati, Ohio; Austin, Texas; Fort Worth, Texas; Denver, Colorado; Los Angeles, California; Columbus, Ohio; Indianapolis, Indiana; Phoenix, Arizona; Houston, Texas; Kansas City, Missouri; Chicago, Illinois; Saint Louis, Missouri; Toledo, Ohio; Saint Paul, Minnesota; Dallas, Texas; San Diego, California; Minneapolis, Minnesota; Cleveland, Ohio; San Francisco, California; Detroit, Michigan; San Antonio, Texas; Omaha, Nebraska
Job Description and Responsibilities
This role is primarily responsible for leading initiatives designed to help families navigate the complexities of wealth by applying advanced methodologies in support of family wealth dynamics and governance. This requires extensive experience in multiparty facilitation, which may be applied to high-tension scenarios, as well as a proven track record in training and experiential learning, to share insights and develop constituents on the topics and disciplines associated with this field of work. Developing and publishing thought leadership is an important component of this role as well as creating initiatives that will have strategic impact for advisors and clients. Ideally, the candidate can demonstrate a research-oriented approach to thought-provoking and practical content development with exceptional written and oral communication skills.
The role supports the Financial Advisor/Client relationship, requiring the candidate to have strong relationship management skills, a track record of team-based engagement, and a collaborative, client service-oriented mindset. Experience in developing and delivering educational offerings and coaching to Advisors is key. The Merrill Center for Family Wealth (The Center) operates as a cohesive team with a common vision, placing a premium on collaboration, accountability and integrity. Projects and initiatives may require coordination with colleagues from across the firm. Thus an enterprise orientation is essential.
Family Meetings - Design, facilitate and follow-through
Thought Leadership - Author whitepapers, articles, and other collateral
Advisor Education/Development - Design and deliver educational offerings and coaching support for Financial Advisors
Client Education - Provide subject matter expertise through educational tools, resources and events
Strategic Program Development - Create and execute high-impact initiatives that add strategic capability to the repertoire of the Center in its work with clients and advisors
Education / Degrees:
Advanced degree required
Expertise in advanced high-tension multiparty facilitation with ultra-high-net-worth (UHNW) individuals and families
Series 7, 63/65 or 66 required (or ability to obtain within 120 days)
Minimum of 10 years of professional experience with UHNW families ($50MM+ net worth), focused on family meeting facilitation, family dynamics, education and governance
Experience and interest in authoring client-facing and/or Advisor-facing pieces to share family governance insights and considerations
Previous experience in the financial services industry preferred
Excellent communication and presentation skills
Proficiency in Word and PowerPoint
Obtain the confidence and trust of Advisors and clients through subject matter expertise and a thougtful and collaborative approach
Develop strong, open communication channels with colleagues within Merrill Private Wealth Management and across the firm to elicit feedback and promote collaboration on an ongoing basis
Generate thought leadership and programs that amplify the impact of the Center for Family Wealth
Serve as an active team player, partnering with other members of the Center team in sharing insights and feedback
Proactively identify new ideas and topics of interest for group discussion to contribute to the team’s overall success and competitive strength
Partner with FAs in client solicitation efforts and generating wealth management strategies for our UHNW clients and prospects. Develop recommendations and assist FA to implement customized planning strategies for UHNW families. Focus on transfer of inter-generational wealth, estate planning, divers/fication of a concentrated position, philanthropy, private planning business succession and retirement planning. Author whitepapers, articles an other material on topics impacting the UHNW client segment. Assist Advisory with the retention of UHNW relationships.
1st shift (United States of America)
Hours Per Week:
Learn more about this role
Manages People: No
Travel: Yes, 50% of the time
Talent Acquisition Contact:
In accordance with
Colorado law: Colorado
Starting Colorado pay:
Starting pay explanation
This is the starting pay, actual offers to be negotiated based on applicant’s skills, experience and education.
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.
This role is currently benefits eligible . We provide industry-leading benefits, 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.
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.
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