Wealth Management Specialist

About the Role

This EGP Trainee is a training program to develop and prepare candidates to further develop and service the FA Teams client base. The Trainee role allows EGP Specialist to become fully license and require the appropriate designations before taking on the full EGP Specialist role. This position operates in a marketing and sales development role by implementing and executing the Elite Growth Practice.

Key Responsibilities

• Develop and service client segments, their next generations, and beneficiaries.
• Gather additional assets from the existing client base and deepen relationships by partnering with all Merrill partners to deliver a full breadth of solutions.
• Coordinate technological support through the development of portfolio analysis, proposals, and direct mail campaigns utilizing Salesforce and other tools and resources.
• Provide technical expertise in specific product areas, including Corporate 401(k), Rule 144, Insurance, and Wealth Management Workstation.
• Provide marketing and organizational support.
• Supports the Financial Advisor (FA) team to further develop and enhance existing client relationships.
• Serves as a key point of contact for clients on any non-administrative requests/needs while supporting relationship management activities.
• Develops, implements, and monitors the team's client service model.
• Assists with client meetings related to investment strategy, account performance, new products, and market developments to promote growth and acquisition.
• Maintains an understanding of the Chief Investment Office (CIO) philosophy, proprietary planning, and investment management tools.
• Monitors, analyzes, and reviews the current market environment and research portfolio recommendations.
• Monitors and manages client portfolios to align with client goals, objectives, risk tolerance, and time horizons.
• Reviews and manages team proprietary models to align with current market assumptions by participating in CIO and manager updates and reviewing reports and allocation updates.
• Creates analytical reports for Financial Advisors to review client investment portfolio performances against market returns.
• Assesses and shares pricing findings with clients to ensure understanding of the value of advice and accompanying solutions.

Requirements & Tech Stack

• Salesforce
• Corporate 401(k)
• Rule 144
• Insurance
• Wealth Management Workstation
• Chief Investment Office (CIO)

Qualifications

• Either Series 7 and 66 licenses or Series 7, 63 and 65 licenses; must obtain all state registrations held by the Financial Advisor(s) and Advisor Team(s) they support.
• If Series 7, 63/65 or 66 or equivalent are not currently held, must be obtained within a specified timeframe to be eligible for Specialist position.
• SAFE Act Registration; ADV-2B Required.
• Obtain and/or maintain at least one firm-approved designation.
• Possess and demonstrate strong communication skills.
• Ability to lead through collaboration and influence without direct authority.
• Detail-oriented with strong organizational skills and ability to manage multiple tasks and priorities at once.
• Thorough knowledge and understanding of the suite of Wealth Management products and services.
• Proven ability to manage risk and support sound decisions.
• Ability to research escalated client issues for response/resolution.
• Ability to identify client needs and concerns and articulate an appropriate approach to align solutions to goals in a suitable and controlled way.

Skills

• Causation Analysis
• Financial Management
• Investment Management
• Trading Strategy
• Trading and Investment Analysis
• Portfolio Analysis
• Portfolio Management
• Price Verification and Valuation
• Trade Monitoring
• Trading
• Client Investments Management
• Client Solutions Advisory
• Financial Analysis
• Financial Forecasting and Modeling
• Wealth Planning

Minimum Education Requirement

• High School Diploma / GED / Secondary School or equivalent.

Other Information

• Shift: 1st shift
• Hours Per Week: 37.5
• This position is subject to SAFE Act registration requirements.
• The Trainee is a non-exempt position for hires lacking required security licenses and/or designation.
• This position allows the individual to become fully licensed and achieve the appropriate designations required for the position.