6 hours

Team Private Wealth Advisor - Business Development

Bank of America
Portland, OR
  • Job Code
Company Bank of America

Job Title Team Private Wealth Advisor - Business Development

Jobid bankofamerica-18000366PortlandOR

Location: Portland, OR, 97240, USA

Description **Job Description:**

Merrill Lynch Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals and businesses. With 14,085 Financial Advisors and $2 trillion in client balances as of December 31, 2014, Merrill Lynch is among the largest businesses of our kind in the world.

Merrill Lynch Wealth Management specializes in goals-based wealth management, including planning for retirement, education, legacy, and other life goals through investment and wealth management. We help clients pursue the life they envision through a one-on-one relationship with a financial advisor committed to their needs — an advisor with access to the investment insights of Merrill Lynch and the banking convenience of Bank of America.

Merrill Lynch Wealth Management is part of Bank of America Corporation.

The Team Private Wealth Manager (TPWM) role is a specific functional role aligned to Private Wealth Advisor (PWA) team for the purpose of concentrating on a targeted aspect of the Team’s practice. The primary focus of the TPWM Business Development role is to define the PWA Team’s client acquisition plan, execute on the plan through client acquisition activities, and track towards the PWA Team’s client acquisition goals.

Key Responsibilities

* Understand all aspects of an optimal practice and complete the training and development needed to prepare for a successful career as a Private Wealth Advisor

* Identify and establish target niche client segments in the ultra high net worth space and establish a strong reputation within those markets and the designations to support the practice’s specialization

* Maintain a well-developed and clear team marketing plan that includes a well-defined value proposition designed to attract target client segment, and marketing materials that support this strategy

* Ensure the team’s practice develops and maintains a clear brand within the chosen market

* Maintain a detailed client acquisition plan that keeps the practice engaged in consistent prospecting activities to meet specific goals around activity levels and success

* Establish client acquisition targets, develop proposals, and track success toward these goals

* Track and review progress on leads proactively and regularly

* Identify leads and referrals through specific methods that work for your practice (e.g. sourcing and asking for personal introductions, intimate events, strategic networking, referral alliances, targeted seminars)

* Organize and execute the team’s client acquisition plan; through hosting intimate events and/or targeted seminars, strategic networking, identifying and coordinating referral alliances, and/or sourcing and asking for personal introductions

* Manage the client acquisition pipeline utilizing an identified pipeline management system, including profile information, next steps and timelines

* Establish and maintain relationship with the management team and inform them of any circumstances that require supervisory attention/review/approval per compliance guidelines and policies

* Complete required training, obtain industry licenses (Series 7 & 66), master assessments, maintain continuing education requirements and meet minimum performance standards

* Source prospective clients, capitalize on referrals and assess customer needs

* Deliver highly customized solutions and through collaboration deliver the full resources of Bank of America Merrill Lynch

This position may be subject to SAFE Act registration requirements. Pursuant to the SAFE Act requirements, all employees engaged in residential loan mortgage originations must register with the federal registry system and remain in good standing. If your position requires SAFE Act registration, you will be required to register and to submit to the required SAFE Act background check and registration process. Failure to obtain and/or maintain SAFE Act registration may result in your immediate termination.


* Proven ability to engage with and influence others

* Exceptional interpersonal and relationship building skills

* Effective communication skills (written and verbal)

* Proven ability to quickly build trust and credibility

* Proven ability to assess needs of clients and recommend appropriate solutions/interventions

* Proven ability to work collaboratively on a team and with key partners

* Proven ability to listen and probe for clarity and understanding

* Goal and results oriented

* Ability to source clients through prospecting and networking

* Ability to work in an environment where the majority of your compensation is tied to your performance

* Strong follow-through skills

* Computer/technical literacy and proficiency in Microsoft Word, PowerPoint, Excel

Note: In addition to Business Development, this position may be considered for Relationship Management roles.

Ideal candidate will have:

* At minimum a Bachelors Degree

* Demonstrated track record of success

* Proficiency in using Sales Force / Client Relationship Manager Tool

* Strong understanding of the Private Wealth Advisor role

**Posting Date** : 01/03/2018

**Location** :

Portland, OR, PACWEST CENTER, 1211 SW 5TH AVE,

- United States

**Travel** : Yes, 5% of the time

**Full / Part-time** : Full time

**Hours Per Week** : 37.5

**Shift** : 1st shift

**Assistance for Applicants with Disabilities**

Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .

**Diversity & Inclusion**

At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

**Frequently Asked Questions**

Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.


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Team Private Wealth Advisor - Business Development

Bank of America
Portland, OR

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Bank of America
Portland, or

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