Wealth Management Specialist

About Merrill Wealth Management

Merrill Wealth Management is a leading provider of comprehensive wealth management and investment products and services. Specializing in goals-based wealth management, we help clients plan for retirement, education, legacy, and other life goals through investment advice and guidance.

About the Role

This EGP Trainee role is a training program designed to develop and prepare candidates to service the Financial Advisor (FA) Teams' client base. The Trainee role allows specialists to become fully licensed and obtain appropriate designations before transitioning to the full EGP Specialist role. This position operates in a marketing and sales development capacity, implementing and executing the Elite Growth Practice (EGP). Performance is measured by the FA or FA team through specific goals, metrics, and behaviors related to the EGP model.

Key Responsibilities

• Develop and service client segments, including next generations and their beneficiaries.
• Gather additional assets from existing clients and deepen relationships by partnering with Merrill partners to deliver a full breadth of solutions.
• Coordinate technological support through the development of portfolio analysis, proposals, and direct mail campaigns using Salesforce and other tools.
• Provide technical expertise in product areas such as Corporate 401(k), Rule 144, Insurance, and Wealth Management Workstation.
• Provide marketing and organizational support.
• Maintain an understanding of the Chief Investment Office (CIO) philosophy, proprietary planning, and investment management tools.
• Monitor, analyze, and review the current market environment and research portfolio recommendations.
• Monitor and manage client portfolios to align with client goals, objectives, risk tolerance, and time horizons.
• Review and manage team proprietary models by participating in CIO and manager updates, and reviewing reports and allocation updates.
• Create analytical reports for Financial Advisors to review client investment portfolio performances against market returns.
• Assess and share pricing findings with clients to ensure understanding of the value of advice and accompanying solutions.
• Analyze and understand Merrill and third-party research.
• Monitor and respond to market and non-financial current events.
• Navigate proprietary planning and investment management tools.
• Deliver investment management tools, including investment proposals and CRC.
• Monitor and analyze book pricing internally for the FA team.
• Convey pricing to ensure clients understand the value of advice and accompanying solutions.
• Deeply understand the CIO philosophy and ongoing monitoring of strategy changes based on the current market environment.
• Research portfolio recommendations for Investment Committee review.
• Prepare materials and coordinate weekly Investment Committee meetings.
• Proactively review and manage team proprietary models to align with Investment Committee decisions.
• Manage ML One variances, enrollments, updates, withdrawals, and terminations.
• Serve as Primary/Lead Team Member for processing PIA trades in Portfolio.
• Process all trades (discretionary or non-discretionary).
• Propose client recommendations/changes based on client goals, risk tolerance, time horizon, and objectives.

Requirements & Tech Stack

• SAFE ACT Registration is required.
• Salesforce
• Corporate 401(k)
• Rule 144
• Insurance
• Wealth Management Workstation
• Chief Investment Office (CIO)
• CRC
• ML One
• PIA trades

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.
• Individuals in this role are required to maintain a Form ADV -2B.
• Must obtain and/or maintain at least one firm-approved designation.
• Possess and demonstrate strong communication skills.
• Thorough knowledge and understanding of the suite of Wealth Management products and services.
• Strong analytical and portfolio management skills with the ability to identify trends and implement investment strategies to increase growth and mitigate risk.
• Ability to make sound decisions by having a deep understanding of investment management best practices and policies/procedures.
• 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

This position is subject to SAFE Act registration requirements.

The Trainee is a non-exempt position for a hire lacking required security licenses and/or designation.

If Series 7 and 66 (or 63 & 65) licenses and approved designation are not currently held, they must be obtained within a specified timeframe.

Shift: 1st shift

Hours Per Week: 37.5