Jan 19, 2019

Wealth Strategies Advisor - Executive Services

  • Bank Of America
  • Charlotte, NC, USA
Full-Time Banking

Job Description

Job Description:

U.S. Trust, Bank of America Private Wealth Management is a leading private wealth management organization providing vast resources and customized solutions to help meet clients' wealth structuring, investment management, banking and credit needs. Clients are served by teams of experienced advisors offering a range of financial products and services, including investment management, financial and succession planning, philanthropic and specialty asset management, family office services, custom credit solutions, financial administration and family trust stewardship.

U.S. Trust is part of the Global Wealth and Investment Management unit of Bank of America, N.A., which is a global leader in wealth management, private banking and retail brokerage. U.S. Trust employs more than 4,100 professionals and maintains 135 offices in 33 states.

A Strategist in Wealth Management Consulting (WMC) answers a client's estate and financial planning questions by performing a variety of analyses, creating specific recommendations for the client based on those analyses and integrating those recommendations into a holistic plan designed to achieve the client's goals. In addition, the Strategist plays a major role in driving increased revenues by partnering with Private Client Advisors/Private Client Managers/Trust Officers/Portfolio Managers on client/prospect calls, and with regional and market leadership to develop client-focused initiative

•Oversees the planning engagement from start to finish
•Develops holistic, integrated planning strategies, with a focus on how GWIM can implement those strategies for our clients
•Delegates effectively to Associate Strategists and Analysts
•Gathers data, runs analyses and develops solutions based on analyses
•Creates final version of client letter
•Assists in developing and executing marketing and sales efforts, including speaking at seminars and writing articles for publication
•Proactively helps the Regional Presidents and Market Executives meet their goals
•Participates actively in developing new WMC capabilities, such as white papers and software tools
•Keeps current with major developments in estate and financial planning
•Mentors Associate Strategists and Analysts

Required skills:
- 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.
- Advanced understanding of the transfer tax system and core tax savings strategies such as annual gifts 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 WMC stochastic models. WealthMaster.
- Delegate effectively to Associate Strategists and Analysts.
- Occasionally work on WMC-wide issues
- Minimum eight years of planning-related work experience required
- JD, CPA, CFA or CFP required
- MST, MBA (or progress thereto) a plus



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