Wealth Management Specialist
Posted on: May 6, 2021
Job Description: Business Overview. Merrill Lynch Wealth
Management is a leading provider of comprehensive wealth management
and investment products and services for individuals, companies,
and institutions. Merrill Lynch Wealth Management is one of the
largest businesses of its kind in the world specializing in
goals-based wealth management, including planning for retirement,
education, legacy, and other life goals through investment advice
and guidance. The Elite Growth Practice (EGP) Investment Management
Specialist role is a position on the Financial Advisor Team which
operates in a capacity to further develop and service the client
base. They are responsible for implementing and executing the Elite
Growth Practice Model (EGP) in their specific functional role.
Specific accountabilities for the role may vary depending on the
teams practice. Performance is measured through specific goals,
metrics and behavior's related to the execution of the EGP model.
This position is subject to SAFE Act registration requirements. The
Elite Growth Practice (EGP) Investment Management Specialist
position may be filled at a Trainee, Specialist or Senior level
depending on experience of the candidate and needs of the Financial
Advisor Team. The Trainee is a non-exempt position for a hire
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. If Series 7
and 66 (or 63 & 65) licenses and approved designation are not
currently held, must be obtained within a specified timeframe to be
eligible for Specialist position. Role Responsibilities: Analyze
and understand Merrill and third party research. Monitor and
respond to market and non-financial current events. Effectively
navigate proprietary planning and investment management tools.
Deliver investment management, including but not limited to
investment proposal, CRC, etc. Monitor and analyze book pricing
internally for FA team. Convey pricing to ensure client's
understanding of the value of advice and accompanying solutions.
Deep understanding of the CIO philosophy & ongoing monitoring of
strategy changes based on current market environment. Monitor and
manage client portfolios to align with client goals, objectives,
risk tolerance and time horizons. 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 the
Investment Committee decisions. Manage ML One
variances/enrollments/updates/withdrawals/terminations. Serve as
Primary/Lead Team Member for processing PIA trades in Portfolio.
Processing of all trades (discretionary or non-discretionary).
Create analytical reports for FAs to review client investment
portfolio performances against market returns. Propose client
recommendations/changes based on client goals, risk tolerance, time
horizon and objectives. Qualifications: Series 7, 63/65 or 66 or
equivalent; must obtain all state registrations in support of
Financial Advisor(s) and Advisor Team(s) 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. Individuals in this role are required to maintain
a Form ADV -2B, which provides clients details on individuals
experience and educational background, along with other
requirements governed by the U.S. Securities and Exchange
Commission (SEC). 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
appropriate approach to align solutions to goals in a suitable and
controlled way. *** This position is posted as a more senior
position but is flexible to be filled as a lower level position if
the posted qualifications are met by a strong lower level
applicant. ***Please be advised that under current company policy,
Merrill Lynch does not sponsor a visa petition or other work
authorization, nor will the company provide relocation assistance,
for this position. Shift: 1st shift (United States of America).
Hours Per Week: 37.5
Keywords: Merrill, Nashville , Wealth Management Specialist, Executive , Nashville, Tennessee
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